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IFSCA Grade A Detailed Exam Pattern

IFSCA Grade A Free Mock

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IFSCA Grade A Exam Pattern

Phase I (Online examination consisting of two papers of 100 marks each) => Phase II (online examination consisting of two papers of 100 marks each) => Phase III (Interview)

Phase I Online Exam

An online screening examination consisting of two papers (Multiple Choice questions of 100 marks each) will be held in March/April 2023 (tentatively). The exam will consist of:

PaperStreams/ SubjectsMaximum MarksDurationCut off
Paper 1Multiple choice questionsGeneral awareness (financial sector) -25 questions X 1 mark eachEnglish language – 25 questions X 1 mark each Quantitative Aptitude – 25 questions X 1 mark each Test of Reasoning- 25 questions X 1 mark each  100  60 minutes  30%
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)
Legal Stream
Multiple choice questions on Specialized subject related to stream (Please refer Annexure 2)		  100  60 minutes  40%
 Aggregate Cut off  40%

Note:

  1. There shall be negative marking (1/4th of marks assigned to the question) for the Paper 1 and Paper 2 in Phase I.
  2. There shall be a cut-off of minimum 30% for Paper 1 (no sectional cut-off shall be there) and a cut-off of minimum 40% for Paper 2 in Phase I.
  3. Candidates would need to secure separate cut-off in each paper as mentioned at (ii) above as well as aggregate cut-off marks of 40% in Phase I exam to be shortlisted for Phase II. Marks obtained in Phase I shall be used only for shortlisting the candidates for Phase II examination process and will not be counted for final selection of the candidates.
  4. Subject to the criteria mentioned at 3 above, all the candidates who clear Phase I shall be shortlisted for Phase II. List of candidates shortlisted for Phase II will be made available on IFSCA website.
  5. All question papers except the test of English will be set bilingually in Hindi and English.

Phase II On-Line Examination:

An on-line examination consisting of two papers of 100 marks each will be held in April/ May 2023 (tentatively). The papers shall be as follows:

Paper Maximum MarksDurationCut offWeightage
Paper 1English (Descriptive Test)(a) Precis Writing – 35 marks(b) Essay writing – 30 marks(c) Comprehension- 35 marks10060minutes30%1/3rd
Paper 2

Multiple 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)
Legal Stream

Multiple choice questions on Specialized subject related to stream (Please refer Annexure 2)

  10060minutes  40%  2/3rd
 Aggregate Cut off  40% 

Note:

  1. Candidates shortlisted for Phase II will be issued new Hall Tickets.
  2. There shall be negative marking (1/4th of marks assigned to the question) for Paper 2 in Phase II
  3. There shall be a cut-off of minimum 30% for Paper 1 and a cut-off of minimum 40% for Paper 2 in Phase II.
  4. Candidates would need to secure separate cut-off in each paper as mentioned above as well as aggregate cut-off marks of 40% in 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. List of candidates shortlisted for Interview will be made available on IFSCA website.
  6. All question papers except the test of English will be set bilingually in Hindi and English.

Phase III- Interview

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

FAQs

What is the maximum age limit for IFSCA Recruitment 2024? Is there any exemption? −

The maximum age limit is 30 years. Exemptions of 5 years is for SC/ST candidates and 3 years is for OBC candidates.

How many vacancies are there for UR category? +

There are 10 vacancies out of which 3 vacancies are there for the UR category.

I’m a CS. Can I apply? +

Yes! If you already have a Bachelor’s degree in commerce, you can apply.

How can I apply for IFSCA 2024 Recruitment? +

Candidates can apply for IFSCA Recruitment 2024 by following the step-wise procedure mentioned.

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