NPS Trust Grade A and Grade B Syllabus 2027 for Phase 1 and 2
The NPS Trust Grade A and Grade B Syllabus 2027 is an important resource for candidates preparing for the Assistant Manager and Manager recruitment examinations. A clear understanding of the syllabus helps candidates identify important subjects, organise their study plans, and prepare for both examination phases. The syllabus covers General Studies, English Language, Reasoning Ability, Quantitative Aptitude, and specialised subjects based on the candidate's stream. These specialised subjects include Human Resources, Risk Management, General, Legal, and IT, along with relevant topics in finance, economics, accountancy, and the pension sector.
What is the NPS Trust Grade A and Grade B syllabus 2027?
The NPS Trust Grade A and Grade B syllabus outlines the subjects and topics candidates need to prepare for the recruitment examination. Based on the reference syllabus, the General Studies syllabus is common to Grade A and Grade B, while specialised subjects depend on the stream. Phase 1 preparation includes general aptitude and the subjects specified for the online examination, whereas Phase 2 preparation focuses on descriptive English and stream-specific knowledge, as applicable under the relevant notification. Candidates should confirm the exact paper structure and subject allocation from the official 2027 notification before beginning their final preparation. The major subject areas include:
- General Studies
- English Language
- Reasoning Ability
- Quantitative Aptitude
- Commerce and Accountancy
- Management
- Finance
- Economics
- Data Analytics and Statistics
- Companies Act and Indian Trusts Act
- Pension Sector
- Human Resources
- Risk Management
- Legal Studies
- Information Technology (IT)
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What is the NPS Trust Grade A and Grade B General Studies syllabus?
The General Studies syllabus is common to Grade A and Grade B candidates according to the reference material. It covers economic and social development, the Indian economy, digital technology, environmental issues, international relations, and social justice. Candidates should understand the basic concepts and follow recent developments related to the Indian economy, public policy, technology, and governance. This section also includes national and global initiatives that address development challenges.
| Topic | Areas to cover |
|---|
| Economic and Social Development | Major economic and social development issues |
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| Indian Economy | Recent trends, fiscal policy, monetary policy, banking, and infrastructure development |
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| Data and Digital Economy | Cybersecurity and digital literacy |
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| Innovation in India | Startups and entrepreneurship |
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| Technology | Artificial Intelligence (AI), space technology, and biotechnology |
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| Sustainable Development | Sustainable Development Goals (SDGs) and global initiatives |
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| Emerging Global Challenges | Energy security, water scarcity, urbanisation, and related challenges |
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| Environment | Environmental issues, biodiversity, and climate change |
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| Governance and Public Administration | Ethical issues in governance and public administration |
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| International Relations | India's foreign policy, bilateral relations, and multilateral relations |
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| Social Justice | Welfare schemes, inclusive development, and rights movements |
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What is the NPS Trust Grade A and Grade B syllabus for Reasoning Ability?
Reasoning Ability assesses logical thinking, analytical skills, and the ability to solve problems accurately. Candidates should practise different question types and learn to identify patterns, relationships, and logical connections. Regular practice can help improve speed and accuracy during the online examination. The important topics include:
- Alphanumeric Series
- Coding and Decoding
- Syllogism
- Direction Sense
- Inequality
- Ranking and Order
- Blood Relations
- Puzzles
- Seating Arrangement
- Input-Output
- Critical Reasoning
- Data Sufficiency
What is the NPS Trust Grade A and Grade B syllabus for Quantitative Aptitude?
Quantitative Aptitude tests numerical ability and the application of mathematical concepts. Candidates should focus on arithmetic, number-based problems, equations, and data interpretation. Practising calculations regularly can help candidates manage time and reduce errors in the examination.
- Ratio and Proportion
- Percentage
- Profit and Loss
- Simple and Compound Interest
- Average and Ages
- Time and Work
- Pipes and Cisterns
- Time and Distance
- Mixture and Alligation
- Series and Quadratic Equations
- Mathematical Inequalities
- Number Series
- Data Interpretation
- Simplification and Approximation
- Quantity Comparison
- Data Sufficiency
- Partnership
What is the NPS Trust Grade A and Grade B syllabus for English Language?
The English Language syllabus covers reading comprehension, grammar, vocabulary, and sentence formation. Candidates should practise reading passages, identifying grammatical errors, arranging sentences, and understanding word meanings. Regular practice can help improve comprehension and written communication skills. The important topics include:
- Reading Comprehension
- Sentence Rearrangement
- Cloze Test
- Para Jumbles
- Double Fillers
- Error Detection
- Sentence Improvement
- Synonyms and Antonyms
- One-word Substitution
- Phrasal Verbs
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What is the NPS Trust Grade A and Grade B syllabus for the General stream?
The General stream covers Commerce and Accountancy, Management, Finance, Data Analytics and Statistics, Companies Act and Indian Trusts Act, Economics, and the Pension Sector. Candidates should understand the basic concepts of these subjects and practise applying them to financial, managerial, economic, and regulatory situations. The detailed syllabus includes accounting standards, financial markets, statistical methods, economic theories, pension schemes, and investment decisions.
| Subject | Topics covered |
|---|
| A. Commerce and Accountancy | - Accounting as a Financial Information System - Accounting Standards - Accounting for Depreciation - Inventories - Revenue Recognition - Fixed Assets - Foreign Exchange Transactions - Investments - Cash Flow Statement - Fund Flow Statement - Financial Statement Analysis - Ratio Analysis - Accounting for Share Capital Transactions, including Bonus Shares and Rights Shares - Employee Stock Options (ESOPs) - Buy-back of Securities - Preparation and Presentation of Company Final Accounts |
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| B. Management | - Nature and Scope of Management - Management Processes: Planning, Organising, Staffing, Directing, and Controlling - Role of a Manager in an Organisation - Leadership Tasks, Styles, and Theories - Successful Leader vs Effective Leader - Human Resource Development (HRD): Concept and Goals - Motivation Theories - Morale and Incentives - Communication Process and Channels - Oral and Written Communication - Verbal and Non-verbal Communication - Upward, Downward, and Lateral Communication - Communication Barriers - Role of Information Technology |
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| C. Finance | - Financial System of India and the World - Structure and Functions of the Financial System - Role and Functions of Financial Regulatory Bodies - Financial Markets of India and the World - Primary and Secondary Markets - Foreign Exchange (Forex), Money, Bond, and Equity Markets - Functions and Instruments of Financial Markets - Recent Developments in Financial Markets - Basics of Derivatives: Forwards, Futures, and Swaps - Recent Developments in the Financial Sector of India and the World - Financial Inclusion and Use of Technology - Alternative Sources of Finance - Private and Social Cost-Benefit Analysis - Public-Private Partnership (PPP) - Direct and Indirect Taxes - Non-Tax Sources of Revenue - Goods and Services Tax (GST) - Finance Commission - Fiscal Policy - Fiscal Responsibility and Budget Management (FRBM) Act - Inflation: Definition, Trends, Estimates, Consequences, and Control Measures - Wholesale Price Index (WPI): Components and Trends - Consumer Price Index (CPI): Components and Trends |
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| D. Data Analytics and Statistics | Statistics - Measures of Central Tendency - Measures of Dispersion - Correlation - Sampling Methods - Sampling Distribution - Statistical Inferences - Hypothesis Testing - Regression Analysis Data Analytics - Overview and Importance of Data Analytics - Types of Data Analytics - Descriptive Analytics - Diagnostic Analytics - Predictive Analytics - Prescriptive Analytics - Benefits of Data Analytics - Data Visualisation for Decision-Making - Data Types - Graphical Techniques - Skewness and Kurtosis - Box Plot - Descriptive Statistics - Sampling Funnel - Sampling Variation - Central Limit Theorem - Confidence Interval |
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| E. Companies Act and Indian Trusts Act | Companies Act, 2013 - Chapter III - Chapter IV - Chapter VIII - Chapter X - Chapter XI - Chapter XII - Chapter XXVII Indian Trusts Act - Indian Trusts Act, 1882, including relevant provisions |
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| F. Economics | - Demand and Supply - Market Structures - National Income: Concepts and Measurement - Classical Approach to the Determination of Output and Employment - Keynesian Approach to the Determination of Output and Employment - Consumption Function - Investment Function - Multiplier and Accelerator - Demand and Supply of Money - IS-LM Model - Inflation and Phillips Curve - Business Cycles - Balance of Payments - Foreign Exchange Markets - Monetary Policy - Fiscal Policy - Non-Banking Financial Institutions |
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| G. Pension Sector of India and the World | - Status of the Pension Sector in India - Different Types of Retirement Schemes in India and Their Features - National Pension System (NPS) - Atal Pension Yojana (APY) - Annuity Plans - Basics of Investment Decision-Making - Portfolio Management |
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What is the NPS Trust Grade A and Grade B syllabus for the Human Resources stream?
The Human Resources stream covers personnel management, management principles, HRM, organisational behaviour, industrial relations, labour legislation, and workplace-related laws. Candidates should understand employee recruitment, performance management, training, leadership, workplace relations, and the legal framework governing employment. The syllabus also includes employee welfare, grievance handling, and the rights of persons with disabilities.
| Subject | Topics covered |
|---|
| 1. Personnel management | - Functions of Personnel Management - Job Analysis - Job Description - Job Evaluation - Organisation Structure - Manpower Planning - Recruitment and Selection - Placement and Induction - Talent Attraction - Employee Selection and Retention |
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| 2. Principles and practices of management | - Principles of Management - Practices of Management - Application of Management Principles in Organisations |
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| 3. Human resource management and strategic HRM | - HRM Concepts and Functions - Performance Management - Career Progression - Succession Planning - Strategic Human Resource Management - Organisational Behaviour - Leadership - Team Building - Conflict Resolution |
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| 4. Job specification and competency development | - Job Specification - Competency Development - Communication |
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| 5. Learning and development | - Learning and Development - Management Development |
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| 6. Organisational behaviour | - Concepts, Importance, and Evolution of Organisational Behaviour - Group Dynamics - Motivation - Morale - Leadership - Job Satisfaction - Organisational Change - Organisational Development - Organisational Climate |
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| 7. Industrial relations | - Concept and Scope of Industrial Relations - Industrial Relations Systems - Industrial Disputes - Machinery for the Settlement of Industrial Disputes - Workers' Participation in Management - Code of Discipline - International Labour Organization (ILO) - Grievance Handling - Disciplinary Action |
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| 8. Labour legislation | - Principles of Labour Legislation - Implementation Machinery - Labour Legislation and the Indian Constitution - Factories Act, 1948 - Industrial Disputes Act, 1947 - Trade Unions Act, 1926 - Payment of Gratuity Act, 1972 - Contract Labour (Regulation and Abolition) Act - Workmen's Compensation Act, 1923 - Payment of Wages Act, 1936 - Minimum Wages Act, 1948 - Industrial Employment (Standing Orders) Act - Maternity Benefit Act, 1961 - Employees' Provident Funds and Miscellaneous Provisions Act - Employees' State Insurance Act - National Pension System (NPS) |
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| 9. Right to information act | - Right to Information Act, 2005 |
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| 10. Workplace sexual harassment law | - Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 |
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| 11. Rights of persons with disabilities act | - Rights of Persons with Disabilities Act, 2016 |
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What is the NPS Trust Grade A and Grade B syllabus for the Risk Management stream?
The Risk Management stream covers economics, financial institutions and markets, statistics and econometrics, commerce and accountancy, finance, and risk management. Candidates should understand financial risks, risk measurement techniques, risk models, and the methods used by organisations to manage financial and operational uncertainty. The syllabus also includes financial valuation, statistical analysis, derivatives, and regulatory risks.
| Subject | Topics covered |
|---|
| 1. Economics | - Demand and Supply - Macroeconomics - National Income - Public Finance - Determination of Output and Employment - Investment Function - Multiplier and Accelerator - Demand and Supply of Money - Inflation - Business Cycles - Monetary and Fiscal Policy - Restrictive versus Accommodative Monetary Policy - Banking Functions - Tax and Non-Tax Revenue - Direct and Indirect Taxes - Fiscal Balance - Public Debt - Public Budget - Foreign Trade - Balance of Payments - Commercial and Central Banking - Process of Credit Creation - Role of the Central Bank in Economic Development |
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| 2. Financial institutions and markets | - Market Models - Market Efficiency - Money, Credit, and Capital Markets - Primary Market and Secondary Market - Commodity Markets - Mutual Funds - Derivatives: Types, Uses, and Pricing - Stock Exchanges - Banking and Non-Banking Institutions - Credit Rating Agencies - Pension Markets - Insurance Markets - Foreign Exchange Markets - Role of International Financial Institutions - International Monetary Fund (IMF) and World Bank - Role of Regulators in Financial Markets |
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| 3. Statistics and econometrics | - Measures of Central Tendency - Measures of Dispersion - Correlation - Sampling Methods - Sampling Distribution - Hypothesis Testing - Regression Analysis - Operations Research Models - Linear Programming Models in Finance and Manufacturing - Probability |
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| 4. Commerce and accountancy | - Accounting as a Financial Information System - Revenue Recognition - Investments - Cash Flow Statement - Financial Statement Analysis - Net Asset Value (NAV) |
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| 5. Finance | - Ratio Analysis - Weighted Average Cost of Capital (WACC) - Capital Structure - Net Present Value (NPV) - Internal Rate of Return (IRR) - Extended Internal Rate of Return (XIRR) - Capital Asset Pricing Model (CAPM) - Discounted Cash Flow (DCF) - Market Models - Investment Ratios - Valuation Ratios - Market Efficiency - Sensitivity Analysis - Scenario Analysis |
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| 6. Risk management | - Identification, Measurement, Assessment, and Control of Risks Affecting an Organisation's Financial Position, Operations, Reputation, or Regulatory Compliance - Sources and Evaluation of Risks - Risk Management Techniques - Risk Models - Value at Risk (VaR) - Stress Testing - Scenario Analysis - Credit Risk Management - Enterprise Risk Management - Operational Risk Management - Non-Investment Risks: - Reputation Risk - Regulatory Risk - Information Technology (IT) Risk - Cybersecurity Risk - Compliance Risk |
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What is the NPS Trust Grade A and Grade B syllabus for the Legal stream?
The Legal stream covers constitutional law, civil and criminal law, administrative law, corporate law, securities legislation, taxation, and pension-sector regulations. Candidates should focus on the Acts and chapters specified in the applicable syllabus, along with important legal principles and their practical application. Since legislation can be amended, candidates should verify the applicable provisions and updates before the examination.
| Subject | Topics covered |
|---|
| 1. Constitutional and general laws | - Constitution of India: Preamble and Parts 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, and XVII, as listed in the reference syllabus - Code of Criminal Procedure, 1973 - Law of Evidence and Indian Evidence Act, 1872 - Code of Civil Procedure, 1908: Parts I and II - Administrative Law and Principles of Natural Justice - Jurisprudence and Interpretation of Statutes - Latin Terms and Maxims |
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| 2. Consumer, arbitration, and information laws | - Consumer Protection Act, 2019 - Arbitration and Conciliation Act, 1996 - Right to Information Act, 2005 |
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| 3. Securities, trusts, and corporate laws | - Securities Contracts (Regulation) Act, 1956 - Depositories Act, 1996 - Indian Trusts Act, 1882 - Companies Act, 2013: Chapters I, II, III, IV, V, VII, VIII, IX, X, XI, XII, XIII, XV, XVI, XXVII, XXVIII, and XXIX, as listed in the reference syllabus - Insolvency and Bankruptcy Code, 2016: Parts I and II |
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| 4. Taxation and pension-sector laws | - General Principles of Tax - Capital Gains Tax - Securities Transaction Tax (STT) - 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 - Insurance Regulatory and Development Authority legislation, as specified in the applicable syllabus |
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| Important note | - The reference syllabus includes older criminal-law and evidence-law titles. - Candidates should check the official notification to confirm the exact laws, amendments, and provisions applicable to the 2027 examination. |
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What is the NPS Trust Grade A and Grade B syllabus for the IT stream?
The IT stream focuses on database management, programming, data analytics, operating systems, computer networks, cybersecurity, data warehousing, and software engineering. Candidates should revise core computer science concepts and practise technical questions on programming, databases, system operations, and software development. The following topics are based on the IT reference syllabus.
| Subject | Topics covered |
|---|
| 1. Database management system | - Entity-Relationship (ER) Model - Relational Model - Tuple Calculus - Integrity Constraints - Normal Forms - File Organisation - Indexing - Transactions and Concurrency Control - SQL Queries |
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| 2. Programming concepts | - Java, C, and C++ - Program Control: Iteration, Recursion, and Functions - Scope of Variables - Binding of Variables and Functions - Parameter Passing - Functional and Logic Programming |
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| 3. Data analytics and data handling | - Data Analytics and Data Visualisation - Regular Expressions (Regex) - Slicing and Data Reshaping - Data Frames - Dictionaries and Sets - File Management - Classes and Functions - Data Mining Interfaces |
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| 4. Operating systems and data structures | - Operating Systems and Data Structures - Simple Batch Systems - Multiprogrammed Batch Systems - Time-Sharing Systems - Process Concepts |
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| 5. Networking and cybersecurity | - Networking Concepts - ISO/OSI Stack - Local Area Network (LAN) Technologies - Basic Concepts of Switches, Gateways, and Routers - Application Layer Protocols - Information Security and Cybersecurity Concepts |
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| 6. Data warehousing and data mining | - Data Warehousing and Data Mining - Warehouse Management and Support Processes - Hardware and Operating Systems for Data Warehousing - Data Extraction - Data Cleaning - Data Integration and Transformation - Data Loading - Metadata - Data Reduction |
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| 7. Software engineering | - Software Development Life Cycle (SDLC) - Software Configuration Management (SCM) - Software Development Models - Requirement Elicitation - Software Design and Maintenance - Different Types of Software Testing |
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What is the NPS Trust Grade A and Grade B Phase 2 syllabus?
The Phase 2 syllabus includes descriptive English and specialised subjects based on the stream, as applicable under the recruitment notification. Candidates should prepare the English paper alongside their technical or professional subjects. The specialised syllabus may include HRM, risk models, financial markets, legal provisions, IT concepts, or other subjects depending on the post and stream.
Download the NPS Trust Grade A and Grade B syllabus PDF
The direct link to download the NPS Trust Grade A and Grade B Syllabus 2027 PDF is provided below.
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What is the NPS Trust Recruitment 2027 selection process?
The NPS Trust Grade A and Grade B Recruitment 2027 selection process is expected to include three stages, based on the previous recruitment cycle. These stages are Phase 1 (Online Examination), Phase 2 (Online Examination), and the Interview. Candidates must qualify at each stage to proceed to the next round. The final selection will depend on the marks obtained in Phase 2 and the Interview, as per the previous notification. The official 2027 notification will confirm the selection process and marking scheme.
| Stage | Description | Duration | Marks |
|---|
| Phase 1 (Online Examination) | Tests general aptitude and awareness, including English, Reasoning, Quantitative Aptitude, and General Awareness. The subject sections vary by stream. | 90 minutes | 120 |
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| Phase 2 – Paper 1 | Descriptive paper covering English and General Studies. | 60 minutes | 100 |
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| Phase 2 – Paper 2 | Objective questions on stream-specific subjects, such as Finance, Commerce, Risk Management, or Human Resource. | 40 minutes | 100 |
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| Phase 3 (Interview) | Assesses subject knowledge, communication skills, and suitability for the post. | To be announced | As per the prescribed selection scheme |
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What is the NPS Trust Grade A and Grade B exam pattern 2027?
As per the last notification, the selection process consists of three stages Phase 1, Phase 2, and Interview. Phase 1 is an objective exam, while Phase 2 includes both descriptive and objective papers. Candidates who meet the required cut-offs are shortlisted for the interview. The final merit list is prepared based on Phase 2 and interview scores, with equal weightage given to both stages.
What is the NPS Trust Phase 1 exam pattern?
The NPS Trust Phase 1 exam is an online objective test carrying 120 marks, with a total duration of 90 minutes. It includes questions on English Language, Reasoning and Analytical Skills, Quantitative Aptitude, General Awareness, and a subject related to the selected stream. The overall structure is the same for Grade A and Grade B, although the specialised subject section varies by stream. Candidates must meet the prescribed sectional and aggregate cut-offs to qualify for the next stage.
| Section | Questions | Marks |
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| English Language | 25 | 25 |
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| Reasoning and Analytical Skills | 25 | 25 |
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| Stream-specific subject | 25 | 25 |
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| Quantitative Aptitude | 25 | 25 |
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| General Awareness, including the financial sector | 20 | 20 |
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| Total | 120 | 120 |
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What is the NPS Trust Phase 2 exam pattern?
The NPS Trust Phase 2 exam consists of 2 papers carrying a total of 200 marks. Paper 1 tests candidates on English and General Studies through descriptive questions, while Paper 2 is an objective test based on professional or stream-specific subjects. Candidates must appear for Paper 1 and the Paper 2 applicable to their selected stream. The total duration of both papers is 100 minutes, and candidates must meet the required paper-wise and aggregate cut-offs to qualify for the interview.
| Paper | Subject | Exam type | Marks | Duration |
|---|
| Paper 1 | English and General Studies | Descriptive | 100 | 60 minutes |
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| Paper 2 – General | Commerce, finance, laws, economics, and the pension sector | Objective | 100 | 40 minutes |
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| Paper 2 – Risk Management/HR | Specialised subject related to the selected stream | Objective | 100 | 40 minutes |
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| Total | Paper 1 + applicable Paper 2 | Descriptive + Objective | 200 | 100 minutes |
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What is the NPS Trust interview and final merit pattern?
The interview is the third stage of the NPS Trust Grade A and Grade B selection process. Candidates who qualify in Phase 2 are shortlisted for the personal interview based on the prescribed criteria. The interview assesses their suitability for the post, professional knowledge, communication skills, and overall understanding. As per the last cycle notification PDF, Phase 2 and the interview carry equal weightage in the final merit calculation, while Phase 1 marks do not directly contribute to the final score.
| Particulars | Details |
|---|
| Selection stage | Phase 3 Interview |
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| Interview language | Hindi or English |
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| Shortlisting | Based on the prescribed Phase II qualifying criteria |
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| Phase I weightage | No direct weightage |
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| Phase II weightage | 50% |
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| Interview weightage | 50% |
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| Final merit list | Prepared using Phase II and interview scores |
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How should you prepare for the NPS Trust Grade A and Grade B interview?
Candidates who qualify for the interview stage should prepare by revising their educational background, professional experience, and knowledge of the role. It is useful to follow developments in the National Pension System, pension reforms, financial markets, and regulatory policies. Candidates should also revise the technical subjects relevant to their chosen stream and practise answering questions in a clear and confident manner. Important areas for interview preparation include:
- Role and responsibilities of the post
- Educational qualifications and work experience
- National Pension System and pension-related schemes
- Recent developments in the pension and financial sectors
- Stream-specific technical knowledge
- Common interview questions and mock interviews
- Communication skills, confidence, and problem-solving ability
