IFSCA Grade A 2024 General Awareness Preparation Strategy, Check Tips

IFSCA Grade A 2024 General Awareness Preparation Strategy: The General Awareness section is the most scoring section in the IFSCA Grade 2024 exam and plays a crucial role in maximizing your overall score in both phases of the exam. This section does not involve any calculations or difficult theorems. In it, you are need to cover general knowledge and current affairs related to the financial sector. This section can be very helpful for you in the exam. The IFSCA Grade Phase 1 exam will be held on September 1, 2024, and the Phase 2 exam will be conducted on October 13, 2024. This exam is eagerly awaited by all aspiring candidates who wish to become financial regulators. In this blog, we will cover all the strategies that will help you effectively tackle the General Awareness section of the IFSCA Grade A 2024 exam.

IFSCA Grade A 2024 General Awareness Preparation Strategy

According to the IFSC Grade Phase 1 exam pattern, Paper 1 will include 25 questions on General Awareness (financial sector), each carrying 1 mark, totaling 25 marks. On the other hand, Paper 2 will feature questions on general knowledge, current events of national and international importance, economic and social development (sustainable development, poverty, inclusion, and demographics), among others. Questions will also cover commerce, accountancy, management, financial costing, the Indian economy, the global economy, five-year plans, and central government initiatives/schemes in the financial sector. There will be 50 questions for a total of 100 marks, which must be answered within 1 hour. 

Here are some of the best tips recommended by experts and toppers to help you master the General Awareness section of the IFSCA Grade A 2024 exam.

1. Stay Completely Updated

As the General Awareness section relies entirely on current affairs, you need to stay thoroughly updated. You need to take some solid steps to achieve this aim. You need to read the daily newspapers with diligence. For instance, read The Hindu, The Indian Express, Business Line, and Mint. This will help you cover many aspects of the General Awareness section of both the Phases of the exam. Focus particularly on the financial and economics sections when reading newspapers. Plus, you should also follow the most reliable online news portals, especially those that provide news summaries, like InShorts, etc.

2. Cover Banking and Financial Topics in Depth

Since the IFSC exam is finance-oriented, the General Awareness section is often filled with questions related to banking and financial awareness. So, you should thoroughly cover the latest developments related to banking, finance, and economic policies. Also, remember their important points. To understand these topics in depth, refer to RBI Circulars and Economic Surveys to have an in-depth knowledge of these topics. This will help you figure out the subject thoroughly. And, you can effectively tackle related questions on exam day.

Topics to Cover: Economy and Banking and Finance Static Concepts, Static GA, Budget and Economic Survey, Summary of Yojana Magazine and MCQ, Important Reports and Indices, Government Schemes, Monthly Quiz General Awareness, Beepedia, Economy and Banking and Finance Current Affairs, PIB Current Affairs

3. Pay Heed to Static General Knowledge

Static general knowledge is also an important part of the GA section. This part covers topics like Indian history, geography, polity, and important institutions. This makes it an important portion of the IFSCA Grade A General Awareness syllabus. So, you should spend some time daily covering static topics or revising those you have already covered. You can refer to result-oriented books that toppers use. Get books like Lucent General Knowledge. It is a good resource. Avoid buying low-quality general knowledge books.

4. Cover Important Reports and Schemes

It is important to cover questions related to government reports, schemes, and initiatives. Such types of questions frequently appear in the exam. To master this, make sure you cover all the latest schemes such as Atmanirbhar Bharat, Digital India, and other similar programs. Questions on their objectives, benefits, or impacts may appear in the exam. So, be thoroughly prepared to answer them. Also, don’t forget to review reports published by organizations like the World Bank and IMF. Regularly revise what you have studied to avoid forgetting it.

5. Practice Previous Year’s Question Papers

Practicing questions from previous year’s question papers is super important. When you’ll solve these questions you’ll get a clear idea of the type of questions set by IFSCA to test the General Awareness of the candidates. This practice will also prepare you well to successfully deal with similar questions in the exam. Moreover, you need to make sure you practice solving these papers while keeping track of time and speed, similar to the exam conditions. This will help you find your weaknesses. You can also focus on areas that need improvement, and you can then address these weaknesses.

6. Read Monthly Magazines for Revision

After covering the entire syllabus, it’s time for revision. For this, you can read monthly current affairs magazines like ‘Pratiyogita Darpan.’ It can act as a priceless resource for your revision. These magazines cover all important events of the month completely. It makes it easier to review everything. So, you need to start reading it early to stay consistently updated and achieve your aim to revise well.

7. Take Mock Tests and Solve Daily Quizzes

You should take mock tests and solve daily quizzes to prepare effectively. Both are remarkable practices that show extraordinary results. Amazingly, PracticeMock provides the latest IFSCA Garde A 2024 mock test series. It can remarkably boost your preparation. These mock tests can help you test how well you are preparing, find your weaknesses, and inform you about areas that need improvement. Regularly taking mock tests should be part of your daily routine. Mock tests are a tool that guarantees success as they show you your results and provide practical ways to improve.

Conclusion

From the tips discussed above for the General Awareness section, you should understand that the IFSC Grade 2024 exam’s General Awareness section is not just about memorizing facts. It tests how well-informed you are and how effectively you apply your General knowledge. By following these tips discussed above diligently and staying updated, you can speed up your preparation and boost your confidence. Remember, regular practice along with staying updated with the latest information are the only ways to master this section. As the exam approaches, intensify your General Awareness preparation to maximize your overall score and achieve success.

IFSCA Grade A Recruitment 2024 Full Video

Candidates can check the IFSCA Grade A Recruitment 2024 full video from the link given below.

IFSCA Grade A 2024 General Awareness Preparation Strategy FAQs