IRDAI Assistant Manager General Awareness Strategy 2024, Check

Saloni Singhal

6 months ago

IRDAI Assistant Manager General Awareness Strategy

The Insurance Regulatory and Development Authority of India (IRDAI) Assistant Manager (AM) exam is one of the most competitive exams, demanding not only a strong grasp of concepts but also an extensive knowledge of current affairs and general awareness. General Awareness (GA) plays an important role in the IRDAI Assistant Manager exam as it can be a deciding factor for your success. Here, we will break down the IRDAI AM GA strategy that will help you focus on the key areas that can boost your score.

Why General Awareness is Important in IRDAI AM Exam?

General Awareness is a high scoring section as it does not involve complex problem solving or lengthy calculations. Well prepared candidates can answer questions quickly, giving them more time for other sections. GA covers a wide range of topics, but it primarily tests your knowledge of current events, banking, financial sectors, insurance, and economic news.

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Key Areas to Focus on for General Awareness

To prepare well for the IRDAI Assistant Manager GA section, you need to focus on the following key areas.

IRDAI AM General Awareness Strategy – Current Affairs

The current affairs section in the IRDAI AM exam often spans the past six months leading up to the exam. Here are the key categories.

National and International News: Keep up with major events happening across the world and in India. This includes political changes, international agreements, and significant developments in technology, health, and education.
Government Schemes: You should be well aware of various government schemes, especially those related to the insurance and financial sectors. Make a note of their launch dates, objectives, and who they benefit.
Economic and Financial News: Since IRDAI is closely associated with the financial sector, questions related to recent developments in banking, finance, insurance, and markets are common. Focus on budget announcements, policy changes by the RBI, stock market trends, and mergers or acquisitions.
Awards and Recognitions: Keep a track of recent awards such as Nobel Prizes, Bharat Ratna, sports awards, etc.
Important Appointments: Be aware of any high-profile appointments in India and globally, particularly in the finance and insurance sectors.
Newspapers: Read quality newspapers such as The Hindu, The Indian Express, or Business Standard daily. Focus on sections covering economy, finance, and national/international news.
Magazines: Publications like Pratiyogita Darpan, Banking Services Chronicle, and Yojana are helpful.
Online Sources: Websites like PIB (Press Information Bureau), and financial news portals can keep you updated with authentic and reliable information.

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IRDAI Assistant Manger GA Strategy – Banking & Financial Awareness

Since IRDAI is involved in regulating the insurance sector, questions related to banking, finance, and insurance can be expected. Here’s how you can prepare:

Monetary Policies and Banking Terminologies: Study RBI policies, monetary tools like CRR, SLR, Repo rate, Reverse Repo rate, and basic banking terminologies.
Indian Financial System: Understand the structure and function of various financial institutions like RBI, SEBI, IRDAI, and others.
Insurance Sector: Learn about different types of insurance, IRDAI’s role, and current issues or reforms in the insurance sector.
Sources: To know the sources, check out IRDAI Assistant Manager Books. IRDAI’s official website can provide insights into their recent updates, reports, and notifications.

IRDAI AM General Awareness Strategy – Static GK

History and Geography: Basic knowledge of Indian history and geography can be useful. Focus on key historical events, independence movements, and significant geographical features of India and the world.
Important Dates and Days: Learn about important dates and international observance days like World Health Day, Insurance Awareness Day, etc.
Sources: Standard GK books like Lucent’s General Knowledge, Yearbooks such as Manorama Yearbook.

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IRDAI Assistant Manger GA Strategy – Economic Survey & Union Budget

The Union Budget and Economic Survey are important documents for anyone preparing for a financial sector exam. They provide a clear picture of the country’s economic performance, upcoming policies, and the government’s financial strategy. You should focus on:

Key announcements related to the insurance, banking, and financial sectors.
Fiscal policies, economic growth statistics, and schemes aimed at promoting insurance coverage.
Download and read summaries of the Union Budget and Economic Survey from the Ministry of Finance’s official website or reliable news sources.

The General Awareness section in the IRDAI AM exam can seem challenging because of its broad scope, but with the right strategy and preparation, it can be a high scoring area. Focus on current affairs, financial awareness, and the insurance sector while maintaining a disciplined study schedule. By integrating daily reading, effective note taking, and regular revisions into your routine, you can enhance your chances of success in the exam.

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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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