IFSCA Grade A Syllabus: IFSCA Grade A consists of two phases, Phase 1 and Phase 2, each having two papers. In Phase 1, Paper 1 is common for all streams and includes MCQs on General Awareness (Financial Sector), English Language, Quantitative Aptitude, and Reasoning. Paper 2 consists of MCQs based on the chosen stream. In Phase 2, Paper 1 is a common descriptive English test, while Paper 2 contains MCQs specific to the stream. Both papers in each phase carry 100 marks. Check the article below for a detailed IFSCA Grade A syllabus for Phase 1 and Phase 2.
IFSCA Grade A Syllabus
Candidates preparing for the IFSCA Grade A Exam must check the detailed Phase 1 and 2 syllabus in advance. It is always advisable to have a strong preparation schedule before the release of the IFSCA Grade A Notification. Both Phase 1 and Phase 2 carry significant marks in the exam. Let's check the topic-wise breakdown of the IFSCA Grade A Syllabus.
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IFSCA Grade A Syllabus PDF
Candidates should keep the IFSCA Grade A Syllabus PDF handy before starting their preparation, as it helps in creating a routine beforehand. The IFSCA Grade A Syllabus PDF includes details of Phase 1 and 2 subjects. We have provided a link to download the syllabus PDF for both phases.
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IFSCA Grade A Phase I Syllabus 2025
English Language, Quantitative Aptitude, Reasoning, and General Awareness are the subjects that are included in Paper 1. Check IFSCA Assistant Manager Syllabus 2025 for Phase 1 Paper 1 below.
| Subjects | Syllabus |
|---|
| English Language | 1. Reading Comprehension
2. Vocabulary
3. Synonyms & Antonyms
4. Fillers
5. Error Detection
6. Sentence Rearrangement
7. Word Swap
8. Idioms & Phrases |
| Quantitative Aptitude | 1. HCF and LCM
2. Simplification & Approximation
3. Quadratic Equation
4. Percentage
5. Ratio & Proportion
6. Profit & Loss
7. Time & Distance
8. Average
9. SI & CI
10. Mensuration
11. Problems on Trains
12. Mixtures & Allegation
13. Probability
14. Permutation & Combination
15. Indices and Surds
16. Partnership
17. Boats & Streams |
| Reasoning | 1. Arithmetical Reasoning
2. Puzzle
3. Direction Sense Test
4. Alpha Numeric Series
5. Logical Reasoning
6. Data Sufficiency
7. Venn Diagrams
8. Analogy
9. Clocks & Calendars
10. Coding Decoding
11. Passage Based Deriving Conclusions
12. Statement – Conclusions
13. Number, Ranking & Time Sequence
14. Statement – Arguments |
| General Awareness | 1. General knowledge
2. Current events of national and international importance
3. Economic and social development (sustainable development, poverty, inclusion, and demographics)
4. Commerce
5. Accountancy
6. Management
7. Finance and costing
8. Indian Economy
9. Global Economy
10. Five year plans
11. Central Government's initiatives/ Schemes in the financial sector |
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IFSCA Grade A General Stream Syllabus 2025 For Phase 1 Paper 2
Let's check out the IFSCA Grade A Syllabus for Paper 2 of Phase 1:
| IFSCA Grade A General Stream Syllabus (Phase 1 Paper 2) |
|---|
General knowledge
Current events of national and international importance |
Economic and social development (sustainable development, poverty, inclusion, and demographics)
(i) Growth and Development
a) Measurement of growth: National Income and per capita income
b) Poverty Alleviation and Employment Generation in India
c) Sustainable Development and Environmental issues.
(ii) Social Structure in India
a) Multiculturalism
b) Demographic Trends
c) Urbanization and Migration
d) Gender Issues – Social Justice |
Commerce and Accountancy
(i) Accounting as a financial information system;
(ii) Accounting Standards with specific reference to Accounting for Depreciation, Inventories, Revenue Recognition, Fixed Assets, Foreign Exchange Transactions, Investments.
(iii) Cash Flow Statement, Fund flow statement, Financial statement analysis; Ratio analysis;
(iv) Accounting for Share Capital Transactions including Bonus Shares, Right Shares.
(v) Employees Stock Option and Buy-Back of Securities.
(vi) Preparation and Presentation of Company Final Accounts |
Management
(i) Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and Controlling;
(ii) The Role of a Manager in an Organization. Leadership: The Tasks of a Leader;
(iii) Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader.
(iv) Human Resource Development: Concept of HRD; Goals of HRD;
(v) Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale.
(vi) Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology.
(vii) Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance |
Finance
(i) Financial System
a) Role and Functions of Regulatory bodies in Financial Sector
(ii) Financial Markets
a) Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.
(iii) General Topics
a) Basics of Derivatives: Forward, Futures and Swap
b) Recent Developments in the Financial Sector
c) Financial Inclusion- use of technology
d) Alternate source of finance, private and social cost-benefit, Public-Private Partnership
e) Direct and Indirect taxes; Non-tax sources of Revenue, GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM),
f) Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends.
g) Financial Risk Management |
Costing
(i) Overview of Cost and Management Accounting – Introduction to Cost and Management Accounting, Objectives and Scope of Cost and Management Accounting.
(ii) Methods of Costing – Single Output/ Unit Costing, Job Costing, Batch Costing, Contract Costing, Process/ Operation Costing, Costing of Service Sectors.
(iii) Basics of Cost Control and Analysis – (i) Standard Costing, (ii) Marginal Costing, (iii) Budget and Budgetary Control. (iv) Lean System and Innovation:-
a) Introduction to Lean System
b) Just-in-Time (JIT)
c) Kaizen Costing
d) 5 Ss
e) Total Productive Maintenance (TPM)
f) Cellular Manufacturing/ One-Piece Flow Production Systems
g) Six Sigma (SS)
h) Introduction to Process Innovation and Business Process Re-engineering (BPR) |
Indian & Global Economy
(i) Demand and Supply, Market Structures, National Income: Concepts and Measurement, Classical & Keynesian Approach Determination of output and employment, Consumption Function, Investment Function, Multiplier and Accelerator, Demand and Supply for Money, IS – LM, Inflation and Phillips Curve, Business Cycles
(ii) Balance of Payments, Foreign Exchange Markets, Inflation, Monetary and Fiscal Policy, Non-banking Financial Institutions.
(iii) Role of International Financial Institutions: BIS, IOSCO, IMF & World Bank. |
| Central Government's initiatives/ Schemes in the financial sector |
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IFSCA Grade A Legal Stream Syllabus 2025 For Phase 1 Paper 2
Check out the detailed Legal Stream Syllabus below:
| IFSCA Grade A Legal Stream Syllabus (Phase 1 Paper 2) |
|---|
| Constitution of India – Preamble, Part I, Part III, Part IV, Part IVA, Part V, Part VI, Part VIII, Part IXA, Part IXB, Part XI. |
| Contract Law – Indian Contract Act, 1872; Sale of Goods Act, 1930; Indian Partnership Act, 1932; Specific Relief Act, 1963. |
| Code of Civil Procedure, 1908 – (Part I, Part II, Part III, Part IV, Part V, Part VII, Schedule 1) |
| The Limitation Act, 1963 |
| Transfer of Property Act, 1882 – Chapter III, Chapter IV, Chapter V. |
| Arbitration and Conciliation Act, 1996 – Part I |
| Administrative Law |
| Jurisprudence and Interpretation of Statutes |
| Important Latin terms and maxims |
| Law of Torts and Consumer Protection Act, 2019 |
IFSCA Grade A Phase II Syllabus 2025
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.
IFSCA Grade A General Stream Syllabus 2025 For Phase 2 Paper 2
The paper 2 of IFSCA Phase 2 will have MCQs. The detailed IFSCA Grade A General Stream Syllabus for Phase 2 Paper 2 is below:
| IFSCA Grade A General Stream Syllabus 2025 – Phase 2 Paper 2 |
|---|
| IFSCA Act, IFSCA, IFSC, GIFT IFSC, GIFT City and Global Financial Centres |
| Union Budget — Concepts, approach and broad trends & Economic Survey |
Banking
(i) Structure and Functions of Financial Institutions
(ii) Functions of Reserve Bank of India
(iii) Banking System in India – Structure and Developments, Financial Institutions –
SIDBI, EXIM Bank, NABARD, NHB, NaBFID etc.
(iv) Recent Developments in Global Financial System and its impact on Indian Financial
System
(v) Role of Information Technology in Banking and Finance
(vi) Non-Banking System
(vii)Developments in Digital Payments |
Capital Market
(i) Role and Functions of Regulatory bodies in Financial Sector.
(ii) Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions,
instruments, recent developments
(iii) Basics of Derivatives: Forward, Futures and Swap
(iv) Spot and Derivative market of Precious Metals |
Insurance
(i) History of Indian Insurance, principles of Insurance;
(ii) Risk and uncertainty, pooling and diversification of risk, Indemnity and Insurable
interest;
(iii) Legal foundations of Insurance, basics in Group/Health Insurance/Pensions;
Intermediation: role in mobilising savings, evolution of various types and Bancassurance in India;
(iv) Functions performed by Insurers: Product design, pricing, distribution, underwriting,
claims, Investment and Reinsurance;
(v) Insurance lines and products: Property-Liability, Life Insurance and Annuities and
Health Insurance; Liability risks and Insurance, valuation and Solvency requirements,
Specialist Insurance lines in India – Agricultural and Export Credit Guarantee; Reinsurance, GIC of India, obligator sessions and retention of risk within the Country. |
Pension Sector
(i) Status of pension sector in India
(ii) Types of retirement schemes in India and their features
(iii) National Pension System
(iv) Atal Pension Yojana
(v) Annuity Plans
(vi) Basics of investment |
IFSCA Grade A Legal Stream Syllabus 2025 For Phase 2 Paper 2
The paper 2 of IFSCA Phase 2 will have MCQs. The detailed IFSCA Grade A Legal Stream Syllabus for Phase 2 Paper 2 is below:
| IFSCA Grade A Legal Stream Syllabus 2025 – Phase 2 Paper 2 |
|---|
| Criminal Law – Indian Penal Code, 1860 (Chapters I, II, III, IV, V, VA, VI, IX, XVII, XXI, XXII, XXIII); Code of Criminal Procedure, 1973. |
| Law of Evidence – Indian Evidence Act, 1872 |
| Corporate Law – Companies Act, 2013; Limited Liability Partnership Act, 2008; Insolvency and Bankruptcy Code, 2016 (Part I, Part II) |
IFSCA Act and the following Acts:
1. Reserve Bank of India Act,1934
2. Insurance Act, 1938
3. Banking Regulation Act, 1949
4. Securities Contracts (Regulation) Act,1956
5. Deposit Insurance and Credit Guarantee Corporation Act, 1961
6. General Insurance Business (Nationalisation) Act, 1972
7.Securities and Exchange Board of India Act, 1992
8. Depositories Act, 1996
9. Insurance Regulatory and Development Authority Act, 1999
10. Foreign Exchange Management Act, 1999
11. Credit Information Companies (Regulation) Act, 2005
12. Government Securities Act, 2006
13. Payment and Settlement Systems Act, 2007
14. Pension Fund Regulatory and Development Authority Act, 2013
15. Factoring Regulation Act, 2011 |
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IFSCA Grade A Interview 2025
Candidates who successfully clear both Phase 1 and Phase 2 of the written exam will be eligible for the IFSCA Grade A Interview 2025. After being shortlisted for Phase II and the Interview, the application fee paid will not be refunded. The interview will carry a weightage of 15%, while Phase II marks will account for 85% of the total score.
