{"id":251296,"date":"2026-09-10T15:12:17","date_gmt":"2026-09-10T09:42:17","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=251296"},"modified":"2026-09-10T15:12:21","modified_gmt":"2026-09-10T09:42:21","slug":"upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/","title":{"rendered":"UPSC EPFO Principles of Accountancy, Auditing and Insurance Practice Quiz"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#Download_Principles_of_Accountancy_Auditing_Insurance_Quiz_PDF\" >Download Principles of Accountancy, Auditing &amp; Insurance Quiz PDF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#Attempt_the_UPSC_EPFO_Principles_of_Accountancy_Auditing_and_Insurance_Quiz\" >Attempt the UPSC EPFO Principles of Accountancy, Auditing and Insurance Quiz<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#Sign_Up\" >Sign Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#Login\" >Login<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#Forgot_Password\" >Forgot Password<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#i\" >&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#Which_topics_are_covered_in_the_UPSC_EPFO_Accountancy_Auditing_and_Insurance_Quiz\" >Which topics are covered in the UPSC EPFO Accountancy, Auditing and Insurance Quiz?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#How_can_the_UPSC_EPFO_Accountancy_Auditing_and_Insurance_Quiz_help_in_preparation\" >How can the UPSC EPFO Accountancy, Auditing and Insurance Quiz help in preparation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#What_is_the_UPSC_EPFO_APFC_exam_pattern_2026\" >What is the UPSC EPFO APFC exam pattern 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#When_will_the_UPSC_EPFO_APFC_Recruitment_Test_2026_be_conducted\" >When will the UPSC EPFO APFC Recruitment Test 2026 be conducted?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>The UPSC EPFO Principles of Accountancy, Auditing and Insurance Quiz is designed to help candidates practise important questions from Accountancy, Auditing and Insurance for the UPSC EPFO APFC Recruitment Test 2026. The quiz covers key concepts such as accounting principles, journal and ledger, trial balance, final accounts, auditing fundamentals, internal controls, insurance principles and different types of insurance. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-download-principles-of-accountancy-auditing-amp-insurance-quiz-pdf\"><span class=\"ez-toc-section\" id=\"Download_Principles_of_Accountancy_Auditing_Insurance_Quiz_PDF\"><\/span>Download Principles of Accountancy, Auditing &amp; Insurance Quiz PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Candidates can use the UPSC EPFO Accountancy, Auditing and Insurance Practice Quiz as a quick revision resource. The quiz includes exam-oriented objective questions covering important concepts from the APFC syllabus. <\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>Link<\/strong><\/td><\/tr><tr><td>UPSC EPFO Accountancy, Auditing and Insurance Quiz PDF<\/td><td><a href=\"https:\/\/www.oliveboard.in\/upsc-epfo-prep-kit\/?ref=contac-upsc-epfo-paai-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Now<\/a><\/td><\/tr><tr><td>UPSC EPFO APFC Previous Year Papers<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-previous-year-question-papers\/?ref=contac-upsc-epfo-paai-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Now<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-attempt-the-upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\"><span class=\"ez-toc-section\" id=\"Attempt_the_UPSC_EPFO_Principles_of_Accountancy_Auditing_and_Insurance_Quiz\"><\/span>Attempt the UPSC EPFO Principles of Accountancy, Auditing and Insurance Quiz<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Candidates can now attempt the UPSC EPFO Principles of Accountancy, Auditing and Insurance Quiz to test their preparation. The questions are based on important areas of Accountancy, Auditing, Insurance and related topics mentioned in the APFC syllabus.<\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n<meta charset=\"UTF-8\">\n<link rel=\"stylesheet\" href=\"https:\/\/courses.oliveboard.in\/edge\/css\/login-modal-for-blog.css\">\n\n<style>\n#quiz-1-sticky-header {\n  position: sticky;\n  top: 0;\n  z-index: 100;\n  background: #1565c0;\n  color: #fff;\n  padding: 12px 20px;\n  border-radius: 10px 10px 0 0;\n  display: flex;\n  justify-content: space-between;\n  align-items: center;\n  font-size: 16px;\n  font-weight: bold;\n  box-shadow: 0 2px 8px rgba(0,0,0,0.2);\n  margin: -20px -20px 20px -20px;\n}\n\n#quiz-1-score-badge {\n  background: rgba(255,255,255,0.2);\n  padding: 4px 12px;\n  border-radius: 20px;\n  font-size: 15px;\n  white-space: nowrap;\n}\n#quiz-1 * { box-sizing: border-box; }\n\n#quiz-1 .quiz-container {\n  max-width: 700px;\n  margin: auto;\n  padding: 20px;\n  background: #fff;\n  border-radius: 14px;\n  box-shadow: 0 6px 16px rgba(0,0,0,0.12);\n}\n\n#quiz-1 h2 {\n  text-align: center;\n}\n\n#quiz-1 .question {\n  margin-bottom: 22px;\n}\n\n#quiz-1 .question p {\n  font-weight: bold;\n}\n\n#quiz-1 button {\n  width: 100%;\n  padding: 12px;\n  margin: 6px 0;\n  border: none;\n  border-radius: 6px;\n  background: #e0e0e0;\n  color: #000;\n  font-size: 16px;\n  cursor: pointer;\n}\n\n#quiz-1 button:hover {\n  background: #d5d5d5;\n}\n\n#quiz-1 button.correct {\n  background: #4caf50;\n  color: #000;\n}\n\n#quiz-1 button.wrong {\n  background: #f44336;\n  color: #000;\n}\n\n#quiz-1 button.locked {\n  pointer-events: none;\n}\n\n\/* SUMMARY *\/\n#quiz-1 .final-summary {\n  margin-top: 40px;\n  padding: 20px;\n  border-radius: 14px;\n  background: #fafafa;\n  border: 2px solid #4caf50;\n}\n\n#quiz-1 .final-summary h3 {\n  text-align: center;\n  margin-bottom: 20px;\n}\n\n#quiz-1 .summary-row {\n  display: grid;\n  grid-template-columns: 120px 1fr 40px;\n  gap: 10px;\n  align-items: center;\n  margin-bottom: 12px;\n  font-weight: bold;\n}\n\n#quiz-1 .summary-bar {\n  height: 14px;\n  background: #ddd;\n  border-radius: 10px;\n  overflow: hidden;\n}\n\n#quiz-1 .bar-fill {\n  height: 100%;\n  width: 0%;\n}\n\n#quiz-1 .bar-attempted { background: #2196f3; }\n#quiz-1 .bar-correct { background: #4caf50; }\n#quiz-1 .bar-wrong { background: #f44336; }\n#quiz-1 .bar-unattempted { background: #9e9e9e; width: 100%; }\n\n#quiz-1 .final-score {\n  text-align: center;\n  font-size: 22px;\n  margin-top: 20px;\n}\n\n#quiz-1 .score-value {\n  font-size: 30px;\n  margin-left: 8px;\n}\n<\/style>\n<\/head>\n\n<body>\n<div id=\"quiz-1\">\n  <div class=\"quiz-container\">\n<div id=\"quiz-1-sticky-header\">\n  <span> UPSC EPFO Principles of Accountancy, Auditing and Insurance Quiz <\/span>\n  <span id=\"quiz-1-score-badge\">Score: <strong id=\"quiz-1-score-value\">0.00<\/strong><\/span>\n<\/div>\n\n    <!-- QUESTIONS -->\n\n<div class=\"question\" data-answered=\"false\">\n  <p>1. Which accounting concept requires the business to be treated as distinct from its owner?<\/p>\n  <button data-correct=\"false\">Money measurement concept<\/button>\n  <button data-correct=\"false\">Going concern concept<\/button>\n  <button data-correct=\"false\">Matching concept<\/button>\n  <button data-correct=\"true\">Business entity concept<\/button>\n  <button data-correct=\"false\">Conservatism concept<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>2. Which of the following is a capital expenditure?<\/p>\n  <button data-correct=\"false\">Annual machine maintenance<\/button>\n  <button data-correct=\"false\">Factory electricity charges<\/button>\n  <button data-correct=\"true\">Cost of installing a newly purchased machine<\/button>\n  <button data-correct=\"false\">Routine repairs to machinery<\/button>\n  <button data-correct=\"false\">Office rent<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>3. A transaction is recorded only when it can be expressed in monetary terms. Which concept is applied?<\/p>\n  <button data-correct=\"false\">Dual aspect concept<\/button>\n  <button data-correct=\"false\">Realisation concept<\/button>\n  <button data-correct=\"false\">Consistency concept<\/button>\n  <button data-correct=\"false\">Accrual concept<\/button>\n  <button data-correct=\"true\">Money measurement concept<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>4. Which equation correctly represents the basic accounting equation?<\/p>\n  <button data-correct=\"false\">Assets + Liabilities = Capital<\/button>\n  <button data-correct=\"true\">Assets = Liabilities + Capital<\/button>\n  <button data-correct=\"false\">Assets = Capital &#8211; Liabilities<\/button>\n  <button data-correct=\"false\">Liabilities = Assets + Capital<\/button>\n  <button data-correct=\"false\">Capital = Liabilities &#8211; Assets<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>5. Goods withdrawn by the proprietor for personal use are generally debited to:<\/p>\n  <button data-correct=\"false\">Purchases account<\/button>\n  <button data-correct=\"false\">Sales account<\/button>\n  <button data-correct=\"true\">Drawings account<\/button>\n  <button data-correct=\"false\">Capital account<\/button>\n  <button data-correct=\"false\">Trading account<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>6. Which of the following is a real account under the traditional classification?<\/p>\n  <button data-correct=\"true\">Machinery account<\/button>\n  <button data-correct=\"false\">Salary account<\/button>\n  <button data-correct=\"false\">Capital account<\/button>\n  <button data-correct=\"false\">Commission received account<\/button>\n  <button data-correct=\"false\">Rent account<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>7. The traditional rule &#8216;Debit the receiver, credit the giver&#8217; applies to:<\/p>\n  <button data-correct=\"true\">Personal accounts<\/button>\n  <button data-correct=\"false\">Real accounts<\/button>\n  <button data-correct=\"false\">Nominal accounts<\/button>\n  <button data-correct=\"false\">Contra accounts<\/button>\n  <button data-correct=\"false\">Memorandum accounts<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>8. When cash is received from a debtor, which account is credited?<\/p>\n  <button data-correct=\"false\">Cash account<\/button>\n  <button data-correct=\"true\">Debtor&#8217;s personal account<\/button>\n  <button data-correct=\"false\">Sales account<\/button>\n  <button data-correct=\"false\">Discount allowed account<\/button>\n  <button data-correct=\"false\">Purchases account<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>9. A journal is commonly described as the book of:<\/p>\n  <button data-correct=\"false\">Final entry<\/button>\n  <button data-correct=\"false\">Secondary entry<\/button>\n  <button data-correct=\"false\">Closing entry<\/button>\n  <button data-correct=\"false\">Statutory entry<\/button>\n  <button data-correct=\"true\">Original entry<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>10. Posting refers to the process of:<\/p>\n  <button data-correct=\"false\">Preparing a trial balance<\/button>\n  <button data-correct=\"false\">Closing nominal accounts<\/button>\n  <button data-correct=\"false\">Recording only cash transactions<\/button>\n  <button data-correct=\"false\">Drafting financial statements<\/button>\n  <button data-correct=\"true\">Transferring journal entries to ledger accounts<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>11. Which book can serve both as a book of original entry and as a ledger account for cash and bank?<\/p>\n  <button data-correct=\"false\">Purchase book<\/button>\n  <button data-correct=\"false\">Sales book<\/button>\n  <button data-correct=\"false\">Journal proper<\/button>\n  <button data-correct=\"true\">Cash book<\/button>\n  <button data-correct=\"false\">Bills receivable book<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>12. A contra entry in a three-column cash book generally affects:<\/p>\n  <button data-correct=\"false\">Only the discount columns<\/button>\n  <button data-correct=\"false\">Cash and sales accounts<\/button>\n  <button data-correct=\"false\">Purchases and bank accounts<\/button>\n  <button data-correct=\"true\">Cash and bank columns on both sides of the cash book<\/button>\n  <button data-correct=\"false\">Only the ledger, not the cash book<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>13. Which transaction is entered in the purchases book?<\/p>\n  <button data-correct=\"false\">Cash purchase of goods<\/button>\n  <button data-correct=\"false\">Credit purchase of a machine<\/button>\n  <button data-correct=\"false\">Cash purchase of stationery<\/button>\n  <button data-correct=\"false\">Return of goods to supplier<\/button>\n  <button data-correct=\"true\">Credit purchase of goods meant for resale<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>14. The main purpose of preparing a trial balance is to:<\/p>\n  <button data-correct=\"false\">Detect every type of accounting error<\/button>\n  <button data-correct=\"false\">Ascertain cash profit<\/button>\n  <button data-correct=\"true\">Check the arithmetical accuracy of ledger postings<\/button>\n  <button data-correct=\"false\">Determine the market value of assets<\/button>\n  <button data-correct=\"false\">Replace the balance sheet<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>15. Which error is NOT disclosed by a trial balance?<\/p>\n  <button data-correct=\"false\">Posting a debit entry as a credit entry in one account<\/button>\n  <button data-correct=\"false\">Wrong totaling of one ledger account<\/button>\n  <button data-correct=\"true\">Complete omission of a transaction<\/button>\n  <button data-correct=\"false\">Posting only one side of a transaction<\/button>\n  <button data-correct=\"false\">Carrying forward a ledger balance incorrectly<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>16. Purchase of furniture wrongly debited to Purchases Account is an example of:<\/p>\n  <button data-correct=\"true\">Error of principle<\/button>\n  <button data-correct=\"false\">Error of casting<\/button>\n  <button data-correct=\"false\">Error of complete omission<\/button>\n  <button data-correct=\"false\">Compensating error<\/button>\n  <button data-correct=\"false\">Error of duplication<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>17. If an amount of Rs 540 is posted to an account as Rs 450, the error is best described as:<\/p>\n  <button data-correct=\"false\">Error of principle<\/button>\n  <button data-correct=\"false\">Compensating error<\/button>\n  <button data-correct=\"false\">Complete omission<\/button>\n  <button data-correct=\"true\">Error of commission<\/button>\n  <button data-correct=\"false\">Error of original entry affecting both sides equally<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>18. A suspense account is opened when:<\/p>\n  <button data-correct=\"false\">Cash book shows an overdraft<\/button>\n  <button data-correct=\"false\">Depreciation is not provided<\/button>\n  <button data-correct=\"false\">All errors have been rectified<\/button>\n  <button data-correct=\"true\">The trial balance does not agree and the difference is temporarily carried forward<\/button>\n  <button data-correct=\"false\">A bill is dishonoured<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>19. Outstanding salary at year-end is shown as:<\/p>\n  <button data-correct=\"false\">An asset only<\/button>\n  <button data-correct=\"true\">An expense in the profit and loss account and a current liability in the balance sheet<\/button>\n  <button data-correct=\"false\">A deduction from salary expense only<\/button>\n  <button data-correct=\"false\">A capital loss<\/button>\n  <button data-correct=\"false\">A contingent liability only<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>20. Prepaid insurance at the end of an accounting period is:<\/p>\n  <button data-correct=\"false\">A current liability<\/button>\n  <button data-correct=\"false\">A capital reserve<\/button>\n  <button data-correct=\"true\">A current asset<\/button>\n  <button data-correct=\"false\">An outstanding expense<\/button>\n  <button data-correct=\"false\">A contingent asset<\/button>\n<\/div>\n\n    <!-- FINAL SUMMARY -->\n    <div class=\"final-summary\">\n      <h3>Quiz Summary <\/h3>\n\n      <div class=\"summary-row\">\n        <span>Attempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-attempted\" data-summary=\"attempted\"><\/div><\/div>\n        <span data-count=\"attempted\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Correct<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-correct\" data-summary=\"correct\"><\/div><\/div>\n        <span data-count=\"correct\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Wrong<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-wrong\" data-summary=\"wrong\"><\/div><\/div>\n        <span data-count=\"wrong\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Unattempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-unattempted\" data-summary=\"unattempted\"><\/div><\/div>\n        <span data-count=\"unattempted\">0<\/span>\n      <\/div>\n\n      <div class=\"final-score\">\n        Final Score: <span class=\"score-value\" data-score>0.0<\/span>\n      <\/div>\n    <\/div>\n\n  <\/div>\n<\/div>\n<div class=\"modal modal-obls\" id=\"modal-signup\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group1\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-delivery.svg\" alt=\"\"><\/span>\n 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Opens in new tab<\/span><\/div><\/div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437400_306436&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437400_306436\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 0px; width: 0px; border: 0px;\"><\/iframe><\/div><\/div>\n\n\n                   <\/div>\n                    <p class=\"obls-footer\">New to Oliveboard?<button class=\"btn btn-xs btn-switch-obls\" id=\"btn-show-modal-signup\">Register<\/button><\/p>\n               <\/div> \n            <\/div> \n            <div class=\"success-msg-group\" id=\"success-msg-group\"><!-- success msg -->\n                <div class=\"success-msg-blk\" id=\"success-msg-blk\">\n                    <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/success-ellipse.svg\" alt=\"\"><\/span>\n                    <h2 id=\"fpwd-success-msg-title\"><span class=\"ez-toc-section\" id=\"i\"><\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                    <p id=\"fpwd-success-msg-text\">&nbsp;<\/p>\n                    <div class=\"login-btn\">\n                        <button type=\"button\" class=\"btn btn-md btn-tblue modal-obls-close\">Ok<\/button>\n                    <\/div>\n\n                <\/div>\n            <\/div><!-- success msg -->\n\n        <\/div>\n        <button class=\"modal-close is-large modal-obls-close\" aria-label=\"close\"><\/button>\n    <\/div>\n\n<script src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/sg2.oliveboard.in\/static\/js\/jquery.js\"><\/script>\n\n<script>\nvar boxurl = window.location.href + '?log=1';\n\nfunction getUrlParam(name, defaultValue) {\n    const params = new URLSearchParams(window.location.search);\n    return params.has(name) ? params.get(name) : defaultValue;\n}\n\nvar l_log = getUrlParam('log', 0);\n<\/script>\n<script src=\"https:\/\/www.oliveboard.in\/js\/coursecommon.js?v=12\"><\/script>\n\n\n<script>\n(() => {\n  const quizContainer = document.getElementById('quiz-1');\n  const STORAGE_KEY = 'quiz_1_state';\n  let score = 0;\n  let attempted = 0;\n  let correct = 0;\n  let wrong = 0;\n\n  const questions = quizContainer.querySelectorAll(\".question\");\n  const total = questions.length;\n\n  function loadState() {\n    try { return JSON.parse(sessionStorage.getItem(STORAGE_KEY) || '{}'); }\n    catch { return {}; }\n  }\n\n  function saveState(data) {\n    sessionStorage.setItem(STORAGE_KEY, JSON.stringify(data));\n  }\n\n  function updateUI() {\n    const unattempted = total - attempted;\n    quizContainer.querySelector('[data-count=\"attempted\"]').textContent = attempted;\n    quizContainer.querySelector('[data-count=\"correct\"]').textContent = correct;\n    quizContainer.querySelector('[data-count=\"wrong\"]').textContent = wrong;\n    quizContainer.querySelector('[data-count=\"unattempted\"]').textContent = unattempted;\n    quizContainer.querySelector('[data-summary=\"attempted\"]').style.width = (attempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"correct\"]').style.width = (correct \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"wrong\"]').style.width = (wrong \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"unattempted\"]').style.width = (unattempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-score]').textContent = score.toFixed(2);\n\n    \/\/ Live score update in sticky header\n    document.getElementById('quiz-1-score-value').textContent = score.toFixed(2);\n  }\n\n  function restoreQuestion(q, chosenIndex, wasCorrect) {\n    q.dataset.answered = \"true\";\n    const buttons = q.querySelectorAll(\"button\");\n    buttons.forEach(b => b.classList.add(\"locked\"));\n    if (wasCorrect) {\n      buttons[chosenIndex].classList.add(\"correct\");\n    } else {\n      buttons[chosenIndex].classList.add(\"wrong\");\n      q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n    }\n  }\n\n  \/\/ Restore saved answers on page load\n  const savedAnswers = loadState();\nquestions.forEach((q, qIndex) => {\n    const saved = savedAnswers[qIndex];\n    if (saved !== undefined) {\n      attempted++;\n      if (saved.correct) { correct++; }\n      else { wrong++; }\n      restoreQuestion(q, saved.chosenIndex, saved.correct);\n    }\n  });\n  score = parseFloat((correct * 1 - wrong * 0.33).toFixed(2));\n  updateUI();\n\n  \/\/ Attach click handlers\n  questions.forEach((q, qIndex) => {\n    q.querySelectorAll(\"button\").forEach((btn, btnIndex) => {\n      btn.addEventListener(\"click\", () => {\n        if (q.dataset.answered === \"true\") return;\n        q.dataset.answered = \"true\";\n        attempted++;\n\n        if (attempted > 9 && l_log == 0) {\n          $('#modal-signup').addClass('is-active');\n        }\n\n        q.querySelectorAll(\"button\").forEach(b => b.classList.add(\"locked\"));\n        const isCorrect = btn.dataset.correct === \"true\";\n\n if (isCorrect) {\n          btn.classList.add(\"correct\");\n          correct++;\n        } else {\n          btn.classList.add(\"wrong\");\n          wrong++;\n          q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n        }\n        score = parseFloat((correct * 1 - wrong * 0.25).toFixed(2));\n\n        savedAnswers[qIndex] = { chosenIndex: btnIndex, correct: isCorrect };\n        saveState(savedAnswers);\n        updateUI();\n      });\n    });\n  });\n\n  updateUI();\n})();\n<\/script>\n\n<\/body>\n<\/html>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-apfc-mock-test\/?ref=contac-upsc-epfo-paai-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt A Free UPSC EPFO APFC Mock Test Today!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-which-topics-are-covered-in-the-upsc-epfo-accountancy-auditing-and-insurance-quiz\"><span class=\"ez-toc-section\" id=\"Which_topics_are_covered_in_the_UPSC_EPFO_Accountancy_Auditing_and_Insurance_Quiz\"><\/span>Which topics are covered in the UPSC EPFO Accountancy, Auditing and Insurance Quiz?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The quiz covers the major areas under <a href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/?ref=contac-upsc-epfo-paai-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Principles of Accountancy, Auditing and Insurance<\/a>. Candidates should focus on both basic concepts and their practical application while attempting the questions. The Accountancy section includes recording of transactions, final accounts and financial analysis, while Auditing focuses on audit procedures, controls and reports. Insurance questions cover important principles, types of insurance and its role in social security.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Accounting Basics:<\/strong> Meaning and objectives of accounting, economic events, branches of accounting and accounting terminology<\/li>\n\n\n\n<li><strong>Accounting Principles:<\/strong> Accounting concepts, conventions, types of accounts and rules of debit and credit<\/li>\n\n\n\n<li><strong>Recording Transactions:<\/strong> Source documents, accounting equation, journal, ledger and cash book<\/li>\n\n\n\n<li><strong>Trial Balance and Errors:<\/strong> Preparation of trial balance, types of errors and suspense account<\/li>\n\n\n\n<li><strong>Bills of Exchange:<\/strong> Bills of exchange, promissory notes, discounting and rebate<\/li>\n\n\n\n<li><strong>Final Accounts:<\/strong> Trading account, Profit and Loss Account and Balance Sheet<\/li>\n\n\n\n<li><strong>Financial Analysis:<\/strong> Ratio analysis and cash flow statement<\/li>\n\n\n\n<li><strong>Auditing:<\/strong> Nature, objectives, scope and types of audit<\/li>\n\n\n\n<li><strong>Audit Planning and Risk:<\/strong> Audit strategy, audit programme, risk assessment and internal controls<\/li>\n\n\n\n<li><strong>Audit Procedures:<\/strong> Vouching, verification and audit techniques<\/li>\n\n\n\n<li><strong>Company Audit:<\/strong> Auditor\u2019s role, company audit and audit of different entities<\/li>\n\n\n\n<li><strong>Insurance Basics:<\/strong> Meaning of insurance, risk, parties involved and important insurance terms<\/li>\n\n\n\n<li><strong>Insurance Principles:<\/strong> Utmost good faith, insurable interest, indemnity, subrogation, contribution and proximate cause<\/li>\n\n\n\n<li><strong>Types of Insurance:<\/strong> Life insurance, term insurance, ULIPs, pension plans, motor, fire and other general insurance<\/li>\n\n\n\n<li><strong>Additional Topics:<\/strong> Cost accounting, inventory management, taxation basics, amalgamation, absorption, internal reconstruction, joint venture and non-profit accounting<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-can-the-upsc-epfo-accountancy-auditing-and-insurance-quiz-help-in-preparation\"><span class=\"ez-toc-section\" id=\"How_can_the_UPSC_EPFO_Accountancy_Auditing_and_Insurance_Quiz_help_in_preparation\"><\/span>How can the UPSC EPFO Accountancy, Auditing and Insurance Quiz help in preparation?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The quiz provides a focused way to revise a large syllabus through MCQs. Instead of only reading concepts, candidates can use practice questions to check whether they can apply those concepts correctly. It also helps candidates become familiar with objective-type questions and improve their ability to eliminate incorrect options.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Quick Revision:<\/strong> Revise important concepts in a short time.<\/li>\n\n\n\n<li><strong>Concept Testing:<\/strong> Check whether the basic accounting, auditing and insurance concepts are clear.<\/li>\n\n\n\n<li><strong>MCQ Practice:<\/strong> Get regular practice with objective-type questions.<\/li>\n\n\n\n<li><strong>Weak Area Identification:<\/strong> Find topics where mistakes are repeated.<\/li>\n\n\n\n<li><strong>Better Accuracy:<\/strong> Review incorrect answers and understand the reason behind each answer.<\/li>\n\n\n\n<li><strong>Improved Speed:<\/strong> Practise solving questions within a fixed time.<\/li>\n\n\n\n<li><strong>Exam Readiness:<\/strong> Build confidence for the APFC Recruitment Test.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-apfc-study-plan\/?ref=contac-upsc-epfo-paai-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Check out the UPSC EPFO Study Plan<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-upsc-epfo-apfc-exam-pattern-2026\"><span class=\"ez-toc-section\" id=\"What_is_the_UPSC_EPFO_APFC_exam_pattern_2026\"><\/span>What is the UPSC EPFO APFC exam pattern 2026?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The UPSC EPFO APFC Recruitment Test 2026 is an objective-type examination conducted in offline pen-and-paper mode. The test carries 300 marks and has a duration of 2 hours. Questions are generally available in English and Hindi, except for the English Language section, and one-third of the marks assigned to a question is deducted for an incorrect answer.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>Exam Mode<\/td><td>Offline\/Pen and Paper<\/td><\/tr><tr><td>Question Type<\/td><td>Objective-Type MCQs<\/td><\/tr><tr><td>Duration<\/td><td>2 Hours<\/td><\/tr><tr><td>Maximum Marks<\/td><td>300<\/td><\/tr><tr><td>Language<\/td><td>English and Hindi, except English Language section<\/td><\/tr><tr><td>Negative Marking<\/td><td>1\/3rd of marks assigned to the question<\/td><\/tr><tr><td>Interview Marks<\/td><td>100<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-prep-kit\/?ref=contac-upsc-epfo-paai-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download the UPSC EPFO Prep Kit<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-when-will-the-upsc-epfo-apfc-recruitment-test-2026-be-conducted\"><span class=\"ez-toc-section\" id=\"When_will_the_UPSC_EPFO_APFC_Recruitment_Test_2026_be_conducted\"><\/span>When will the UPSC EPFO APFC Recruitment Test 2026 be conducted?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The UPSC EPFO APFC Recruitment Test 2026 is scheduled to be conducted on 20th December 2026. Candidates should use the remaining preparation time for regular revision, mock tests and topic-wise quizzes to improve their overall performance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1789031837583\"><strong class=\"schema-faq-question\">1. What is covered in the UPSC EPFO Accountancy, Auditing and Insurance Quiz?<\/strong> <p class=\"schema-faq-answer\">The quiz covers important topics from Accountancy, Auditing, Insurance and related areas.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1789031838510\"><strong class=\"schema-faq-question\">2. Is Accountancy important for the UPSC EPFO APFC exam?<\/strong> <p class=\"schema-faq-answer\">Yes, candidates should thoroughly prepare the Accountancy topics mentioned in the APFC syllabus.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1789031840672\"><strong class=\"schema-faq-question\">3. What topics are covered in the Auditing section?<\/strong> <p class=\"schema-faq-answer\">The quiz covers audit fundamentals, planning, risk, internal controls, vouching, verification and company audit.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1789031842823\"><strong class=\"schema-faq-question\">4. How can candidates improve their quiz score?<\/strong> <p class=\"schema-faq-answer\">Candidates should analyse incorrect answers, revise weak topics and regularly reattempt practice questions.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1789031843833\"><strong class=\"schema-faq-question\">5. <strong> Is negative marking applicable in the APFC Recruitment Test?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, one-third of the marks assigned to a question is deducted for an incorrect answer.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/\">UPSC EPFO Principles of Accountancy, Auditing and Insurance Practice Quiz<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-present-trends-in-indian-economy-syllabus\/\">UPSC EPFO Present Trends in Indian Economy Syllabus 2026<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-current-events-syllabus\/\">UPSC EPFO APFC Current Events Syllabus 2026, Check Details<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-posting\/\">UPSC EPFO Posting for APFC and EO\/AO Posts, Transfers &amp; Growth<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-vacancy-trend-analysis\/\">UPSC EPFO Vacancy 2026, Vacancy Trend Analysis for Last 3 Years<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-job-profile\/\">UPSC EPFO APFC Job Profile 2026, Pay Scale, Responsibilities<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>The UPSC EPFO Principles of Accountancy, Auditing and Insurance Quiz is designed to help candidates practise important questions from Accountancy,<\/p>\n","protected":false},"author":58,"featured_media":251304,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10321],"tags":[],"class_list":["post-251296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-upsc-epfo","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UPSC EPFO Principles of Accountancy, Auditing and Insurance Practice Quiz<\/title>\n<meta name=\"description\" content=\"Boost your preparation with the UPSC EPFO Principles of Accountancy, Auditing and Insurance Quiz. Start practicing today!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UPSC EPFO Principles of Accountancy, Auditing and Insurance Practice Quiz\" \/>\n<meta property=\"og:description\" content=\"The UPSC EPFO Principles of Accountancy, Auditing and Insurance Quiz is designed to help candidates practise important questions from Accountancy,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-10T09:42:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-10T09:42:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/09\/UPSC-EPFO-3-1-1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"AditiOB\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"AditiOB\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/\"},\"author\":{\"name\":\"AditiOB\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/0cbc4ac8555ced346681804861de062c\"},\"headline\":\"UPSC EPFO Principles of Accountancy, Auditing and Insurance Practice Quiz\",\"datePublished\":\"2026-09-10T09:42:17+00:00\",\"dateModified\":\"2026-09-10T09:42:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/\"},\"wordCount\":1525,\"publisher\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/09\/UPSC-EPFO-3-1-1.webp\",\"articleSection\":[\"UPSC EPFO\"],\"inLanguage\":\"en-US\"},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/\",\"name\":\"UPSC EPFO Principles of Accountancy, Auditing and Insurance Practice Quiz\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/09\/UPSC-EPFO-3-1-1.webp\",\"datePublished\":\"2026-09-10T09:42:17+00:00\",\"dateModified\":\"2026-09-10T09:42:21+00:00\",\"description\":\"Boost your preparation with the UPSC EPFO Principles of Accountancy, Auditing and Insurance Quiz. 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What is covered in the UPSC EPFO Accountancy, Auditing and Insurance Quiz?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The quiz covers important topics from Accountancy, Auditing, Insurance and related areas.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#faq-question-1789031838510","position":2,"url":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#faq-question-1789031838510","name":"2. Is Accountancy important for the UPSC EPFO APFC exam?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, candidates should thoroughly prepare the Accountancy topics mentioned in the APFC syllabus.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#faq-question-1789031840672","position":3,"url":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#faq-question-1789031840672","name":"3. What topics are covered in the Auditing section?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The quiz covers audit fundamentals, planning, risk, internal controls, vouching, verification and company audit.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#faq-question-1789031842823","position":4,"url":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#faq-question-1789031842823","name":"4. How can candidates improve their quiz score?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Candidates should analyse incorrect answers, revise weak topics and regularly reattempt practice questions.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#faq-question-1789031843833","position":5,"url":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-and-insurance-quiz\/#faq-question-1789031843833","name":"5. Is negative marking applicable in the APFC Recruitment Test?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, one-third of the marks assigned to a question is deducted for an incorrect answer.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/251296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/comments?post=251296"}],"version-history":[{"count":1,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/251296\/revisions"}],"predecessor-version":[{"id":251307,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/251296\/revisions\/251307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media\/251304"}],"wp:attachment":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media?parent=251296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/categories?post=251296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/tags?post=251296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}