NPS Trust syllabus: NPS Grade A syllabus and Grade B syllabus for Assistant Manager and Manager positions are the same. Phase 1 is an online MCQ-based exam with questions from English, reasoning, quantitative aptitude, and domain-based knowledge. This exam is worth 120 marks. The NPS Grade A syllabus for phase 2 is lengthy. Phase 2 has two tests: a descriptive English test that tests your grammar and writing skills and an MCQ-based test with questions related to your stream. There is a negative marking of 0.25 marks in both stages of the NPS Trust exam.
NPS Grade A Syllabus
To understand NPS Grade A syllabus, you should first know the examination pattern. This will help you cover the necessary topics so you can focus on your preparation effectively. The phase 1 syllabus majorly covers reasoning, quantitative aptitude, English, and General Awareness. Additionally, domain-based knowledge will be tested through the following subjects:
- Commerce,
- Accountancy
- Management
- Finance
- Data Analytics
- Statistics
- Companies Act
- Indian Trusts Act
- Economics
- Pension Sector
NPS Grade A syllabus for phase 2 is divided into English and stream-based MCQ. The stream based MCQ is for Risk Management, Human Resource, and General stream. This is the same for Grade B.
NPS Trust Exam Pattern 2025
The phase 1 is the online exam consisting of one paper of 120 marks and phase 2 is the online exam consisting of two papers of 100 marks each. The last phase is the Interview. In this blog, we have discussed the detailed NPS Trust Exam Pattern for both phases. There will be negative marking of 1/4th of the marks assigned to the question.
NOTE: The NPS Trust exam is on 25th February 2025. Here’s a detailed 20-day study plan along with resources to cover major topics effectively.
NPS Grade A Exam Pattern – Phase 1
The duration of the phase 1 exam is 90 minutes. Check out the detailed NPS Exam Pattern for the General Stream below:
| Section | No. of questions | Max. Marks |
| English Language | 25 | 25 |
| Test of Reasoning & Analytical Skills | 25 | 25 |
| Commerce, Accountancy, Management, Finance, Data Analytics, Statistics, Companies Act, Indian Trusts Act, Economics and Pension Sector | 25 | 25 |
| Quantitative Aptitude | 25 | 25 |
| General Awareness (including some questions related to Financial Sector) | 20 | 20 |
| Overall Total | 120 | 120 |
The duration of the phase 1 exam is 90 minutes for Risk Management & Human Resource streams as well. Check out the detailed NPS Exam Pattern for both these streams below:
| Section | No. of questions | Max. Marks |
| English Language | 25 | 25 |
| Test of Reasoning & Analytical Skills | 25 | 25 |
| Specialised subject related to the stream | 25 | 25 |
| Quantitative Aptitude | 25 | 25 |
| General Awareness (including some questions related to Financial sector) | 20 | 20 |
| Overall Total | 120 | 120 |
NPS Grade A Exam Pattern – Phase 2
The phase 2 for both Grade A and B officer selection consists of two papers of 100 marks each. There will be a negative marking of 1/4th of the marks assigned to that question. The question papers will be set bilingually in Hindi and English.
| Stream | Paper | Subject | Max. Marks | Duration |
| All Streams | Paper 1 | English & General Studies (Descriptive Test) | 100 | 60 minutes |
| Risk Management, Human Resource | Paper 2 | MCQs on Specialized subject related to stream. | 100 | 40 minutes |
| General Stream | Paper 2 | MCQs on subjects Commerce, Accountancy, Management, Finance, Data Analytics, Statistics, Companies Act, Indian Trusts Act, Economics and Pension Sector | 100 | 40 minutes |
NPS Syllabus
The subject wise or stream wise detailed NPS Trust Syllabus has been released. The candidates must also know that the final merit list will be prepared with Phase 2 and Interview marks.
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| NPS Trust 20 Days Study Plan | NPS Trust Eligibility | NPS Trust Salary |
NPS Trust Grade A Syllabus for Phase 1
The NPS syllabus for both Grade A and B phase 1 consists of the following topics:
NPS Trust General Studies Syllabus
The syllabus of General Studies is common for both Grade A & Grade B posts. The detailed syllabus is mentioned below:
- Economic and Social Development
- Indian Economy (including Recent Trends, Fiscal and Monetary Policy, Banking, and Infrastructure Development)
- Data and Digital Economy (including Cyber Security and Digital Literacy)
- Innovation in India pertaining to Startups and Entrepreneurship
- Technology (including advancements in AI, Space Technology, and Biotechnology)
- Sustainable Development Goals (SDGs) and Global Initiatives
- Emerging Global Challenges (Energy Security, Water Scarcity, Urbanization, etc.)
- General Issues on Environment, Bio-diversity, and Climate Change
- Ethical Issues in Governance and Public Administration
- International Relations (India’s Foreign Policy, Bilateral and Multilateral Relations)
- Social Justice (Welfare Schemes, Inclusive Development, and Rights Movements)
Reasoning:
- Alphanumeric Series, Coding and Decoding, Syllogism
- Direction Sense
- Inequality
- Ranking and Order
- Blood Relations
- Puzzles
- Seating Arrangement
- Input-Output
- Critical Reasoning, Data Sufficiency
Quantitative Aptitude
- Ratio and Proportion
- Percentage
- Profit and Loss
- Simple and Compound Interest
- Average and Ages
- Time and Work
- Pipes and Cistern
- Time and Distance
- Mixture and Alligation
- Series and Quadratic Equation
- Mathematical Inequalities
- Number Series
- Data Interpretation
- Simplification/Approximation
- Quantity Comparisons
- Data Sufficiency
- Partnership
English Language
- Reading Comprehension
- Sentence Rearrangement
- Cloze Test
- Para Jumbles
- Double Fillers
- Error Detection
- Sentence Improvement
- Vocabulary (Synonyms, Antonyms, One-word Substitution, Phrasal verbs)
Commerce & Accountancy:
- Accounting as a Financial Information System
- Accounting Standards
- Cash Flow Statement
- Accounting for Share Capital Transactions
- Preparation and Presentation of Company Final Accounts
Management
- The Role of a Manager in an Organization
- Leadership Leadership Styles
- Human Resource Development
- Motivation Communication
Economics
- Demand and Supply, Market Structures, National Income
- Balance of Payments, Foreign Exchange Markets
- Inflation, Monetary and Fiscal Policy
- Non-banking Financial Institutions
Costing
- Overview of Cost and Management Accounting
- Methods of Costing
- Basics of Cost Control and Analysis
- Lean System and Innovation
Pension Sector
- Status of Pension Sector in India
- Types of Retirement Schemes in India and Their Features
- National Pension System
- Atal Pension Yojana
- Annuity Plans Basics of Investment
Finance
- Financial System Financial Markets General Topics
Company Act
- The Companies Act, 2013
Data Analytics & Statistics
- Measures of Central Tendency Dispersions
- Overview Importance of Data Analytics
- Types of Data Analytics
NPS Grade A Syllabus Phase 2
NPS syllabus for Grade A and B for phase 2 is very vast. So, we have compiled it in a PDF. You can download the PDF from the direct link given below.
Download NPS Trust Syllabus PDF
Stream-Wise NPS Syllabus for Phase 2
In phase 2, there are MCQs around your subject of specialization. The syllabus for those subjects or streams is given below.
NPS Syllabus for Investment & Research Stream
Economics
- Demand and Supply
- Macro Economics
- National Income
- Public Finance
- Determination of output and employment
- Investment
- Multiplier and Accelerator
- Demand and Supply for Money
- Inflation
- Business Cycles
- Fiscal Policy
- Restrictive v/s accommodating monetary policy
- Banking Functions
- Tax & Non-Tax Revenue
- Direct & Indirect Taxes
- Fiscal Balance
- Public Debt
- Public Budget
- Foreign Trade
- Balance of Payments
- Commercial and central banking
- Credit creation
- Central bank in economic development
Banking Institutions and Market
- Market Model
- Market Efficiency
- Money/ Credit/Capital Markets
- Primary Market and Secondary Market
- Commodity Markets
- Mutual Funds
- Derivatives
- Stock Exchanges
- Banks
- Credit Rating Agencies
- Pension
- Insurance Markets
- Foreign Exchange Markets
- Role of International Banks
- IMF & World Bank
- Role of SEBI and IRDA in financial markets
Statistics & Econometrics
- Measures of Central tendency
- Dispersions
- Correlation
- Sampling methods
- Sampling Distribution
- Hypothesis testing
- Regression Analysis
- Operation research models
- Linear programing models in finance or manufacturing
Commerce
- Accounting as a financial information system
- Revenue Recognition
- Investments
- Cash Flow Statement
- Financial statement analysis
Finance
- Ratio analysis
- WACC
- Capital structure
- NPV
- IRR
- CAPM
- DCF
- Market models
- Investment ratios
- Valuation ratios
- Market efficiency
- Sensitivity analysis
- Scenario analysis
NPS Syllabus for the Media, Marketing & Subscriber Education Stream
- Marketing Management
- Marketing Research
- Marketing Strategies
- Marketing types
- Product Management
- Pricing decisions
- Distribution approach
- Promotion mix and sales
- Brand management
- Customer behavior
- Digital Marketing
- Advanced marketing
- Financial literacy
NPS Trust Syllabus for Legal Stream
- Constitution of India Preamble, Part I, III, IV, IVA, V, VI, VIII, IXA, IXB, and XI.
- Indian Contract Act, 1872 (Chapters I to VI)
- Specific Relief Act, 1963
- Indian Penal Code, 1860 (Chapters I, II, III, IV, V, VA, VI, IX, XVII)
- Code of Criminal Procedure, 1973
- Law of Evidence and Indian Evidence Act, 1872
- Code of Civil Procedure, 1908 – Part I and Part II
- Administrative Law and Principles of Natural Justice
- Jurisprudence and Interpretation of Statutes
- Latin terms and maxims
- Consumer Protection Act, 2019
- Arbitration and Conciliation Act, 1996
- Right to Information Act, 2015
- Securities Laws –SC(R) Act, 1956
- Depositories Act, 1996
- Indian Trust Act, 1882
- Corporate Law – Companies Act, 2013 (Chapters I, II, III, IV, V, VII, VIII, IX, X, XI, XII, XIII, XV, XVI, XXVII, XXVIII, and XXIX)
- Insolvency and Bankruptcy Code, 2016 (Part I and Part II)
- General principles of tax, Capital Gains Tax, Securities Transaction Tax
- Pension Fund Regulatory and Development Authority Act, 2013
- Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015
- Pension Fund Regulatory and Development Authority (Pension Fund) Regulations, 2015
- Pension Fund Regulatory And Development Authority (Central Recordkeeping Agency) Regulations, 2015
- Pension Fund Regulatory And Development Authority (Trustee Bank) Regulations, 2015
- Pension Fund Regulatory And Development Authority (Custodian Of Securities) Regulations, 2015
- IRDA Act
NPS Trust Officer Exam Syllabus for IT Stream
- Database Management System
- ER‐model. Relational model
- Tuple calculus
- Integrity constraints
- Normal forms
- File organization
- Indexing
- Transactions and concurrency control
- Cloud computing and services
- SQL Queries
- Programming Concepts (Java /C C++ )
- Program control (iteration, recursion, Functions)
- Scope of variables
- Binding of variables & functions
- Parameter passing
- Functional and Logic Programming
- Data Analytics or Data Visualization
- Regex, Slicing, Data reshaping
- Data frames
- Dictionaries and Sets,
- File Management
- Classes and Functions
- Data Mining interface
- Operating system and data structure
- Simple Batch Systems
- Multi program batched systems
- Time-Sharing Systems
- Process Concepts
- Networking Concepts
- ISO/OSI stack
- LAN Technologies
- Basic concepts of switches, gateways, and routers
- Application layer protocols
- Information & Cyber Security Concepts
- Data warehousing and Data mining
- Warehouse management and support processes
- Hardware and Operating system for data warehousing
- Data Extraction
- Data Cleaning
- Data integration and Transformation
- Data Loading
- Metadata
- Data reduction
- Software Engineering SDLC (Software Development Life Cycle)
- Software Configuration Management (SCM)
- Software Development Models
- Requirement Elicitation
- Software Design and Maintenance
- Different Types of Software Testing
NPS Grade A/B Preparation
To help you prepare for this exam, we have come up with mock tests, notes, and courses. Every year when we talk to the toppers of regulatory exams, they tell us that limiting their preparation resources, getting expert curated latest notes and attempting the right mock tests have helped immensely in their exams.
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| NPS Trust Mock Test | NPS Trust Notes | NPS Trust Online Courses | NPS Trust Books |
NPS Trust Syllabus & Exam Pattern 2025 – FAQs
The NPS exam has two phases in which phase 1 has 1 paper and phase 2 has two papers.
Yes, there is a negative marking of 1/4th of the marks assigned to each question for incorrect answers.
Focus on understanding the syllabus, practicing mock tests, revising regularly, and staying updated with current affairs, especially in the financial and pension sectors.
Important Ebooks for Regulatory Exams
Download some important ebooks for all regulatory exams. These ebooks are free of cost and are created by experts for the aspirants.
- 100+ Important Economic and Finance Terms
- 120+ Management MCQs
- Important MSME Schemes
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- National Mission on Natural Farming
- Jalvahak Scheme
- Prime Minister Internship Scheme
- Smile Program
- Sovereign Gold Bond Scheme
- SEBI New Measures for SME
- Svamitva Scheme
- PM Surya Ghar Muft BijlI Yojana
- India State of Forest Report
- Agri Clinics and Agri Business Centres (ACABC) Scheme
- Report on Trend and Progress of Banking in India
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