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IFSCA Grade A Syllabus & Exam Pattern 2024 for Phase 1 & Phase 2

Last updated on 24-Nov-2023

IFSCA Grade A Syllabus

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.

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IFSCA Grade A Exam Pattern 2024

IFSCA Grade A Recruitment will be conducted in the following 3 phases-

  1. Phase 1: Online Exam (Preliminary)
  2. Phase 2: Online Exam (Mains)
  3. 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:

PaperStream/SubjectsMaximum MarksDurationCut Off
Paper 1Multiple 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
10060 minutes30%
Paper 2Multiple 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) 10060 minutes40%
Aggregate Cut-Off   40%

 

  1. There shall be negative marking (1/4th of marks assigned to the question) for Paper 1 and Paper 2 in Phase I.
  2. 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.
  3. Candidates would need to secure a separate cut-off in each paper as mentioned in (ii) above as well as aggregate cut-off marks of 40% in the Phase I exam to be shortlisted for Phase II. Marks obtained in Phase I shall be used only for shortlisting the candidates for the Phase II examination process and will not be counted for the final selection of the candidates.
  4. Subject to the criteria mentioned in (iii) above, all the candidates who clear Phase I shall be shortlisted for Phase II. A list of candidates shortlisted for Phase II will be made available on the IFSCA website.

 

IFSCA Grade A Exam Pattern 2024 - Mains

The mains exam pattern have been discussed in detail below:

PaperStreams/SubjectsMaximum MarksDurationCut OffWeightage
Paper 1English (Descriptive Test)(a) Precis Writing – 35 marks(b) Essay writing – 30 marks (c) Comprehension- 35 marks10060 minutes30%1/3rd
Paper 2Multiple 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) 10060 minutes40%2/3rd
Aggregate Cut-Off   40% 

 

  1. Candidates shortlisted for Phase II will be issued new Hall Tickets.
  2. There shall be a negative marking (1/4th of marks assigned to the question) for Paper 2 in Phase II
  3. There shall be a cut-off of a minimum of 30% for Paper 1 and a cut-off of a minimum of 40% for Paper 2 in Phase II
  4. Candidates would need to secure separate cut-offs in each paper as mentioned above 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.
  5. Subject to the criteria mentioned above, candidates equaling 3 times the number of vacancies shall be shortlisted, in order of merit, for Phase III i.e. the Interview. A list of candidates shortlisted for Interviews will be made available on the IFSCA website.

IFSCA Grade A Interview 2024

Only the shortlisted candidates will be called for the interview. The application fee shall not be refunded to the candidates not shortlisted for Phase II and Interview. The weightage of marks obtained in Phase II will be 85%, while marks obtained in the interview shall be given a weightage of 15%.

IFSCA Grade A Syllabus 2024

The candidates can check out the detailed IFSCA Grade A Syllabus 2024 for both phases in the below subsections.

IFSCA Grade A Syllabus 2024 - Phase 1

English Language, Quantitative Aptitude, Reasoning, and General Awareness are the subjects that are included in Paper 1. Check IFSCA Assistant Manager Syllabus 2024 for Phase 1 below.

SubjectsSyllabus
English LanguageReading Comprehension
Vocabulary
Synonyms & Antonyms
Fillers
Error Detection
Sentence Rearrangement
Word Swap
Idioms & Phrases
Quantitative AptitudeHCF 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
ReasoningArithmetical 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 SyllabusDetailed Syllabus
General AwarenessGeneral 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

 

FAQs

Q1. Is IFSCA Grade A Notification 2024 Out?

No, the IFSCA Grade A Notification 2024 is not out but it is expected to be out soon.

How many vacancies are announced in IFSCA Grade A Notification 2024? +

The vacancies for IFSCA Assistant Manager Recruitment 2024 will be notified soon.

What is the age limit for IFSCA Assistant Manager Recruitment 2024? +

The maximum age limit for IFSCA Assistant Manager Recruitment 2024 is 30 years.

When will the IFSCA Grade A Admit Card 2024 be made available? +

The IFSCA Grade A Admit Card 2024 are usually made available 10 days before the exam.

What is the application fees for IFSCA Grade A 2024? +

The expected application fees for IFSCA Grade A 2024 for UR/OBC/EWS is ₹1000/- and for SC/ST is ₹100/-.

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