IFSCA Grade A Selection Process 2024, Know about all Stages

IFSCA Grade A Selection Process

To get finally selected at the post of Assistant Manager/ Grade A Officer, all the aspirants will have to go through IFSCA Grade A Selection Process. The selection process for IFSCA Grade A Officer is the same as for the other organizations such as SEBI, NABARD, etc. There will be three stages, Phase 1, Phase 2 & Phase 3. Know the detailed IFSCA Grade A Selection Process in the subsections below.

IFSCA Grade A Selection Process 2024

The selection process remains the same every year. Below are the stages which every aspirant has to pass through in order to clear the IFSCA Grade A Exam. These stages are:

Phase 1 (Prelims Exam)
Phase 2 (Mains Exam)
Phase 3 (Interview)

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IFSCA Grade A Selection Process 2024 – Detailed Process

IFSCA Grade A Exam is a three tier process where first two stages are online written exams and the third stage is the Interview. Check out the detailed IFSCA Grade A Selection Process below:

Phase 1 (Prelims) : The phase 1 exam is an online screening examination consisting of two papers (MCQs of 100 marks each). There shall be negative marking (1/4th of marks assigned to the question) for the Paper 1 and Paper 2 in Phase I. There shall be a cut-off of minimum 30% for Paper 1 (no sectional cut off shall be there) and a cut-off of minimum 40% for Paper 2 in Phase I.
Phase 2 (Mains) : The phase 2 exam is an online examination consisting of two papers of 100 marks each. There shall be negative marking (1/4th of marks assigned to the question) for Paper 2 in Phase II. There shall be a cut-off of minimum 30% for Paper 1 and a cut-off of minimum 40% for Paper 2 in Phase II.
Phase 3 (Interview) : Only the shortlisted candidates (who will clear phase 2 exam) will be called for interview. Also note that application fee shall not be refunded to any candidate who is not shortlisted for Phase II and Interview.

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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

Check out the exam pattern for both online exams i.e. Phase 1 & Phase 2:

IFSCA Grade A Exam Pattern 2024 – Phase 1

The Phase 1 exam is divided into two papers where paper 1 will be common for all the streams and paper 2 will be specific to the streams. Check the IFSCA Grade A Phase 1 detailed pattern below:

Papers	Subjects
Paper I (Common for both the streams)	MCQs GA (financial sector) English language Quantitative Aptitude Test of Reasoning-
Paper II	General Stream MCQs on General knowledge, Current events of national and international importance, Economic & social development (sustainable development, poverty, inclusion, and demographics), Commerce, Accountancy, Management, Finance & costing, Indian Economy, Global Economy, 5 year plans, Central Govt’s initiatives/ Schemes in the financial sector. Legal Stream MCQs on Specialized subject related to stream

There shall be negative marking (1/4th of marks assigned to the question) for Paper 1 and Paper 2 in Phase I.
There shall be a cut off of a minimum of 30% for Paper 1 (no sectional cut off shall be there) and a cut off of a minimum of 40% for Paper 2 in Phase I.
For both papers, the maximum marks are 100 marks each.
The duration for both the papers is 60 minutes each.
The aggregate cut off percentage for both Paper 1 & 2 is 40%.
In Paper 1, for each section 25 questions are asked for 1 marks each.
For Paper 2 of General Stream, 50 questions are asked for 2 marks each.
Marks obtained in Phase I shall be used only for shortlisting the candidates for the Phase II exam.

Related Links	Related Links	Related Links
IFSCA Grade A Cut Off	IFSCA Grade A Application Form	IFSCA Grade A Admit Card
IFSCA Grade A Exam Date	IFSCA Grade A Salary	IFSCA Grade A Eligibility Criteria
IFSCA Grade A Result	IFSCA Grade A Syllabus	IFSCA Grade A Previous Year Papers

IFSCA Grade A Exam Pattern 2024 – Phase 2

IFSCA Grade A Phase 2 Exam Pattern is divided into two papers where Paper 1 will be of English and it will be descriptive in nature. Paper 2 will be MCQ relevant to the stream. The phase 2 exam pattern have been discussed in detail below:

Papers	Subjects
Paper I (Common for both streams)	English (Descriptive Test) Precis Writing – 35 marks Essay writing – 30 marks Comprehension- 35 marks
Paper II	General Stream MCQs 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) Legal Stream MCQs on Specialized subject related to stream

There shall be a negative marking (1/4th of marks assigned to the question) for Paper 2 in Phase II.
Candidates would need to secure separate cut offs in each paper as mentioned and aggregate cut off marks of 40% in the Phase II exam (weightage of 1/3rd for Paper 1 and 2/3rd for Paper 2) to be shortlisted for Phase III.
The duration for both the papers is 60 minutes each.
The maximum marks are 100 marks each for both Paper 1 & Paper 2.
Candidates equaling 3 times the number of vacancies shall be shortlisted, in order of merit, for Phase III i.e. the Interview.

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IFSCA Grade A Interview 2024

Only the shortlisted candidates will be called for the interview. The weightage of marks obtained in Phase II will be 85%, while marks obtained in the interview will have the weightage of 15%.

IFSCA Grade A Selection Process 2024 -FAQs

Q1. How many stages are there in IFSCA Grade A Exam?

There are 3 stages namely Phase 1, Phase 2 & Interview.

Q2. Does the IFSCA Grade A Exam have negative markings?

Yes, there will be negative marking in both the papers of Phase 1 & paper 2 of Phase 2.

Q3. How much weightage does Phase 2 have in the final selection?

In the final selection, 85% weightage will be given to Phase 2.

Q4. What will be the weightage of Interview in the final IFSCA Grade A Selection Process?

In the final process, the 15% weightage will be given to the Interview.

Q5. Will both the phases exam be online?

Yes, both phases will have online written exams.

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Saloni Singhal

Hello there! I’m a dedicated Government Job aspirant turned passionate writer & content marketer. My blogs are a one-stop destination for accurate and comprehensive information on exams like Regulatory Bodies, Banking, SSC, State PSCs, and more. I’m on a mission to provide you with all the details you need, conveniently in one place. When I’m not writing and marketing, you’ll find me happily experimenting in the kitchen, cooking up delightful treats. Join me on this journey of knowledge and flavors!

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