Post Name : IFSCA Grade A Syllabus & Exam Pattern 2024 for Phase 1 & Phase 2
Post Date : 19 February , 2024
Post Description : IFSCA Grade A Syllabus & IFSCA Grade A Exam Pattern are mentioned in the official notification. It is very important to know the syllabus and exam pattern well in advance so that the candidates can move their preparation in the right direction using the right strategies. In this blog, we have covered both the IFSCA Grade A Syllabus & IFSCA Grade A Exam Pattern in detail for both phases.
IFSCA Grade A Exam Pattern 2024
IFSCA Grade A Recruitment will be conducted in the following 3 phases-
- Phase 1: Online Exam (Preliminary)
- Phase 2: Online Exam (Mains)
- Phase 3: Interview
The following is the exam pattern for the online exams:
IFSCA Grade A Exam Pattern 2024 – Prelims
Check the pattern below in detail:
| Paper | Stream/Subjects | Maximum Marks | Duration | Cut Off |
|---|---|---|---|---|
| Paper 1 | Multiple choice questions: (a) General Awareness (financial sector) –25 questions X 1 mark each (b) English language –25 questions X 1 mark each (c) Quantitative Aptitude –25 questions X 1 mark each (d) Test of Reasoning-25 questions X 1 mark each | 100 | 60 minutes | 30% |
| Paper 2 | Multiple choice questions on General knowledge, Current events of national and international importance, Economic and social development (sustainable development, poverty, inclusion, and demographics), Commerce, Accountancy, Management, Finance and costing, Indian Economy, Global Economy, Five-year plans, Central Government’s initiatives/ Schemes in the financial sector. (50 questions X 2 marks each) | 100 | 60 minutes | 40% |
| Aggregate Cut-Off | – | – | – | 40% |
- Negative marking: There is a negative marking of 1/4th of the marks assigned to each question in both Paper 1 and Paper 2 of Phase I.
- Cut-off for Paper 1: A minimum of 30% cut-off is required for Paper 1 in Phase I. There is no sectional cut-off for Paper 1.
- Cut-off for Paper 2: A minimum of 40% cut-off is required for Paper 2 in Phase I.
- Aggregate cut-off: Candidates need to secure a separate cut-off in each paper as mentioned above, as well as an aggregate cut-off of 40% in the Phase I exam to be shortlisted for Phase II.
- Utilization of Phase I marks: Marks obtained in Phase I will only be used for shortlisting candidates for the Phase II examination process and will not be considered for the final selection of candidates.
- Shortlisting for Phase II: Subject to the criteria mentioned above, all candidates who clear Phase I will be shortlisted for Phase II. The list of shortlisted candidates for Phase II will be published on the IFSCA website.
IFSCA Grade A Exam Pattern 2024 – Mains
The mains exam pattern have been discussed in detail below:
| Paper | Streams/Subjects | Maximum Marks | Duration | Cut Off | Weightage |
|---|---|---|---|---|---|
| Paper 1 | English (Descriptive Test)(a) Precis Writing – 35 marks(b) Essay writing – 30 marks (c) Comprehension- 35 marks | 100 | 60 minutes | 30% | 1/3rd |
| Paper 2 | Multiple choice questions on subjects like IFSCA Act, Union Budget, Economic Survey, Banking, Capital Market, Insurance, Pension Funds, Bullion, GIFT City, GIFT IFSC, IFSCA, Global Financial Centres etc. (50 questions X 2 marks each) | 100 | 60 minutes | 40% | 2/3rd |
| Aggregate Cut-Off | 40% |
- New Hall Tickets: Candidates shortlisted for Phase II will be issued new Hall Tickets for the examination.
- Negative marking: There is a negative marking of 1/4th of the marks assigned to each question in Paper 2 of Phase II.
- Cut-off for Paper 1 and Paper 2: A minimum of 30% cut-off is required for Paper 1, and a minimum of 40% cut-off is required for Paper 2 in Phase II.
- Aggregate cut-off: Candidates need to secure separate cut-offs in each paper as mentioned above and an aggregate cut-off of 40% in the Phase II exam. The weightage is 1/3rd for Paper 1 and 2/3rd for Paper 2.
- Shortlisting for Phase III: Subject to the criteria mentioned above, candidates equaling 3 times the number of vacancies shall be shortlisted for Phase III, which is the Interview round. The shortlisted candidates will be in order of merit. A list of candidates shortlisted for Interviews will be published on the IFSCA website.
IFSCA Grade A Interview 2024
- Interview for IFSCA Grade A:
- Only shortlisted candidates will be called for the interview.
- Application fee will not be refunded to candidates not shortlisted for Phase II and Interview.
- Weightage of marks:
- Marks obtained in Phase II: 85%
- Marks obtained in the interview: 15%
- IFSCA Grade A Syllabus 2024:
- Phase 1 Syllabus:
- Subjects included in Paper 1:
- English Language
- Quantitative Aptitude
- Reasoning
- General Awareness
- Detailed IFSCA Assistant Manager Syllabus 2024 for Phase 1 can be checked below.
- Subjects included in Paper 1:
- Phase 1 Syllabus:
| Subjects | Syllabus |
|---|---|
| English Language | Reading Comprehension Vocabulary Synonyms & Antonyms Fillers Error Detection Sentence Rearrangement Word Swap Idioms & Phrases |
| Quantitative Aptitude | HCF and LCM Simplification Approximation Quadratic Equation Percentage Ratio & Proportion Profit & Loss Time & Distance Average Simple Interest Compound Interest Mensuration Problems on Trains Mixtures & Allegation Probability Permutation & Combination Indices and Surds Partnership Boats & Streams |
| Reasoning | Arithmetical Reasoning Puzzle Direction Sense Test Alpha-Numeric Series Logical Reasoning Data Sufficiency Venn Diagrams Analogy Clocks & Calendars Coding Decoding Passage Based Deriving Conclusions Statement – Conclusions Coding-Decoding Number, Ranking & Time Sequence Statement – Arguments |
| IFSCA Phase 1 Paper Syllabus | Detailed Syllabus |
| General Awareness | General knowledge Current events of national and international importance Economic and social development (sustainable development, poverty, inclusion, and demographics) Commerce Accountancy Management Finance and costing Indian Economy Global Economy Five-year plans Central Government’s initiatives/ Schemes in the financial sector |
IFSCA Grade A Syllabus 2024 – Phase 2
Phase 2 will be descriptive as well as objective tests. Paper 1 will be descriptive in nature. Candidates will have to attempt essays, comprehension, and precis. In Paper 2, multiple choice questions will be asked from the topics below.
- IFSCA Act
- Union Budget
- Economic Survey
- Banking, Capital Market
- Insurance
- Pension Funds
- Bullion
- GIFT City
- GIFT IFSC
- IFSCA
- Global Financial Centres
