IFSCA Grade A Syllabus
IFSCA Grade A Syllabus 2024: To prepare in the right direction for the IFSCA Grade A exam 2024, candidates should have knowledge of the syllabus and exam pattern for Phase 1 and Phase 2. Objective-based questions asked in the IFSCA Grade A exam for Phases 1 and 2. A separate English Descriptive paper is conducted to test the writing skills of candidates in Phase 2. For legal posts, candidates have to appear in separate papers for Phase 1 and 2. A complete knowledge of the IFSCA Grade A Syllabus & Exam Pattern can help to frame the schedule to start preparations.
IFSCA Grade A Syllabus 2024
Candidates can check IFSCA Grade A Syllabus to know topics to study for Phases 1 and 2. This syllabus is helpful for candidates preparing for the IFSCA Grade A exam. Make a study plan with complete knowledge of syllabus topics.
IFSCA Grade A is conducted in three rounds of selection.
- Phase 1 Online Exam
- Phase 2 Online Exam (Objective & Descriptive)
- Phase 3 Interview
IFSCA Grade A Syllabus 2024 Overview
The IFSCA Grade A Syllabus 2024 covers essential subjects and topics for the exam. To do well in the exam, candidates should thoroughly understand the syllabus. It helps them focus on preparing effectively for IFSCA Grade A Recruitment 2024.
| IFSCA Grade A Syllabus 2024 Overview | |
| Exam Conducting Body | International Financial Services Centres Authority |
| Name of the Exam | IFSCA Exam 2024 |
| Name of the Post | Assistant Manager |
| Total No. of Vacancies | 15 |
| Selection Process | -Phase I -Phase II -Interview |
| Mode of Application | Online |
| Official Website | https://www.ifsca.gov.in |
IFSCA Grade A Syllabus 2024, Phase 1
Phase 1 assesses candidates on English Language, Quantitative Aptitude, Reasoning Ability, and General Awareness. Preparing well in these areas is important to clear Phase 1 successfully.
Here’s the IFSCA Assistant Manager Syllabus 2024 for Phase 1 Paper 1:
| Subjects | Syllabus |
| English Language | Reading Comprehension Vocabulary Error Detection Sentence Rearrangement Word Swap Idioms & Phrases Synonyms & Antonyms Fillers |
| Quantitative Aptitude | HCF and LCM Simplification Approximation Profit & Loss Time & Distance Quadratic Equation Percentage Ratio & Proportion Average Simple Interest Compound Interest Mensuration Problems on Trains Mixtures & Allegation Probability Permutation & Combination Indices and Surds Partnership Boats & Streams |
| Reasoning | Arithmetical Reasoning Analogy Clocks Puzzle Direction Sense Test Alpha-Numeric Series Logical Reasoning Data Sufficiency Venn Diagrams & Calendars Coding Decoding Passage Based Deriving Conclusions Statement – Conclusions Coding-Decoding Number, Ranking & Time Sequence Statement – Arguments |
| General Awareness | 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 |
IFSCA Grade A Syllabus 2024, General Stream
This year, positions are available for both legal and general streams. Now, let’s explore the IFSCA Grade A Syllabus 2024 for Phase 1 Paper 2.
| IFSCA Grade A General Stream Syllabus (Phase 1 Paper 2) Topics | IFSCA Grade A Detailed Syllabus |
| General knowledge | Current events of national and international importance |
| Economic and social development (sustainable development, poverty, inclusion, and demographics) | (i) Growth and Development a) Measurement of growth: National Income and per capita income b) Poverty Alleviation and Employment Generation in India c) Sustainable Development and Environmental issues. (ii) Social Structure in India a) Multiculturalism b) Demographic Trends c) Urbanisation and Migration d) Gender Issues – Social Justice |
| Commerce and Accountancy | (i) Accounting as a financial information system; (ii) Accounting Standards with specific reference to Accounting for Depreciation, Inventories, Revenue Recognition, Fixed Assets, Foreign Exchange Transactions, Investments. (iii) Cash Flow Statement, Fund flow statement, Financial statement analysis; Ratio analysis; (iv) Accounting for Share Capital Transactions including Bonus Shares, Right Shares. (v) Employees Stock Option and Buy-Back of Securities. (vi) Preparation and Presentation of Company Final Accounts |
| Management | (i) Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and Controlling; (ii) The Role of a Manager in an Organization. Leadership: The Tasks of a Leader; (iii) Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. (iv) Human Resource Development: Concept of HRD; Goals of HRD; (v) Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale. (vi) Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology. (vii)Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance |
| Finance | (i) Financial System a) Role and Functions of Regulatory bodies in Financial Sector (ii) Financial Markets a) Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments. (iii) General Topics a) Basics of Derivatives: Forward, Futures and Swap b) Recent Developments in the Financial Sector c) Financial Inclusion- use of technology d) Alternate source of finance, private and social cost-benefit, Public-Private Partnership e) Direct and Indirect taxes; Non-tax sources of Revenue, GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM), f) Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends. g) Financial Risk Management |
| Costing | (i) Overview of Cost and Management Accounting – Introduction to Cost and Management Accounting, Objectives and Scope of Cost and Management Accounting. (ii) Methods of Costing – Single Output/ Unit Costing, Job Costing, Batch Costing, Contract Costing, Process/ Operation Costing, Costing of Service Sectors. (iii) Basics of Cost Control and Analysis – (i) Standard Costing, (ii) Marginal Costing, (iii) Budget and Budgetary Control. (iv) Lean System and Innovation:- a) Introduction to Lean System b) Just-in-Time (JIT) c) Kaizen Costing d) 5 Ss e) Total Productive Maintenance (TPM) f) Cellular Manufacturing/ One-Piece Flow Production Systems g) Six Sigma (SS) h) Introduction to Process Innovation and Business Process Re-engineering (BPR) |
| Indian Economy & Global Economy | (i) Demand and Supply, Market Structures, National Income: Concepts and Measurement, Classical & Keynesian Approach Determination of output and employment, Consumption Function, Investment Function, Multiplier and Accelerator, Demand and Supply for Money , IS – LM, Inflation and Phillips Curve, Business Cycles (ii) Balance of Payments, Foreign Exchange Markets, Inflation, Monetary and Fiscal Policy, Non-banking Financial Institutions. (iii) Role of International Financial Institutions: BIS, IOSCO, IMF & World Bank. |
| Central Government’s initiatives/ Schemes in the financial sector | – |
IFSCA Grade A Syllabus 2024, Legal Stream Paper 2
This year the vacancies have been released for Legal Stream as well, check out the IFSCA Grade A Syllabus 2024 below:
| IFSCA Grade A Syllabus 2024, Legal Stream Paper 2 |
| Constitution of India – Preamble, Part I, Part III, Part IV, Part IVA, Part V, Part VI, Part VIII, Part IXA, Part IXB, Part XI. |
| Contract Law – Indian Contract Act, 1872; Sale of Goods Act, 1930; Indian Partnership Act, 1932; Specific Relief Act, 1963. |
| Code of Civil Procedure, 1908 – (Part I, Part II, Part III, Part IV, Part V, Part VII, Schedule 1) |
| The Limitation Act, 1963 |
| Transfer of Property Act, 1882 – Chapter III, Chapter IV, Chapter V. |
| Arbitration and Conciliation Act, 1996 – Part I |
| Administrative Law |
| Jurisprudence and Interpretation of Statutes |
| Important Latin terms and maxims |
| Law of Torts and Consumer Protection Act, 2019 |
IFSCA Grade A Syllabus 2024, Phase 2
Phase 2 will have two types of tests: descriptive and objective. Paper 1 will be descriptive, where candidates will need to write essays, understand passages, and summarize.
IFSCA Grade A Syllabus 2024, General Stream
Paper 2 of Phase 2 will be multiple-choice questions (MCQs). Candidates should check IFSCA Grade A Syllabus 2024 General Stream Paper 2.
| IFSCA Grade A Syllabus 2024 General Stream Paper 2 |
| IFSCA Act, IFSCA, IFSC, GIFT IFSC, GIFT City and Global Financial Centres |
| Union Budget — Concepts, approach and broad trends & Economic Survey |
| Banking (i) Structure and Functions of Financial Institutions (ii) Functions of Reserve Bank of India (iii) Banking System in India – Structure and Developments, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, NaBFID etc. (iv) Recent Developments in Global Financial System and its impact on Indian Financial System (v) Role of Information Technology in Banking and Finance (vi) Non-Banking System (vii)Developments in Digital Payments |
| Capital Market (i) Role and Functions of Regulatory bodies in Financial Sector. (ii) Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments (iii) Basics of Derivatives: Forward, Futures and Swap (iv) Spot and Derivative market of Precious Metals |
| Insurance (i) History of Indian Insurance, principles of Insurance; (ii) Risk and uncertainty, pooling and diversification of risk, Indemnity and Insurable interest; (iii) Legal foundations of Insurance, basics in Group/Health Insurance/Pensions; Intermediation: role in mobilising savings, evolution of various types and Bancassurance in India; (iv) Functions performed by Insurers: Product design, pricing, distribution, underwriting, claims, Investment and Reinsurance; (v) Insurance lines and products: Property-Liability, Life Insurance and Annuities and Health Insurance; Liability risks and Insurance, valuation and Solvency requirements, Specialist Insurance lines in India – Agricultural and Export Credit Guarantee; Reinsurance, GIC of India, obligator sessions and retention of risk within the Country. |
| Pension Sector (i) Status of pension sector in India (ii) Types of retirement schemes in India and their features (iii) National Pension System (iv) Atal Pension Yojana (v) Annuity Plans (vi) Basics of investment |
IFSCA Grade A Syllabus 2024, Legal Stream Paper 2
Phase 2 Paper 2 of IFSCA will consist of multiple-choice questions (MCQs). Check IFSCA Grade A Syllabus 2024, Legal Stream Paper 2.
| IFSCA Grade A Syllabus 2024, Legal Steam Paper 2 |
| Criminal Law – Indian Penal Code, 1860 (Chapters I, II, III, IV, V, VA, VI, IX, XVII, XXI, XXII, XXIII); Code of Criminal Procedure, 1973. |
| Law of Evidence – Indian Evidence Act, 1872 |
| Corporate Law – Companies Act, 2013; Limited Liability Partnership Act, 2008; Insolvency and Bankruptcy Code, 2016 (Part I, Part II) |
| IFSCA Act and the following Acts: 1. Reserve Bank of India Act,1934 2. Insurance Act, 1938 3. Banking Regulation Act, 1949 4. Securities Contracts (Regulation) Act,1956 5. Deposit Insurance and Credit Guarantee Corporation Act, 1961 6. General Insurance Business (Nationalisation) Act, 1972 7.Securities and Exchange Board of India Act, 1992 8. Depositories Act, 1996 9. Insurance Regulatory and Development Authority Act, 1999 10. Foreign Exchange Management Act, 1999 11. Credit Information Companies (Regulation) Act, 2005 12. Government Securities Act, 2006 13. Payment and Settlement Systems Act, 2007 14. Pension Fund Regulatory an |
IFSCA Grade A Exam Pattern 2024
IFSCA issued the IFSCA Grade A Exam Pattern for Phases 1 and 2 in the official notification. To appear in the final selection round of interview, candidates have to face two online exams Phase 1 and 2. We have provided a detailed format of the IFSCA Grade A Exam Pattern 2024.
IFSCA Grade A Exam Pattern 2024, Phase 1
Phase 1 of the exam has two papers. Paper 1 is common for all streams, while Paper 2 is specific to legal and general streams. We provided a detailed format on IFSCA Grade A Exam Pattern 2024 Phase 1 in table
| Paper | Stream/Subjects | Maximum Marks | Duration | Cut Off |
| Paper 1 | Multiple 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 | 100 | 60 minutes | 30% |
| Paper 2 | For General Stream Multiple 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) | 100 | 60 minutes | 40% |
| Paper 2 | Legal Stream Multiple choice questions on Specialized subject related to stream | 100 | 60 minutes | 40% |
| Aggregate Cut-Off | – | – | – | 40% |
Remember:
- Negative marking, equivalent to 1/4th of the question’s marks, applies to both Paper 1 and Paper 2 in Phase I.
- In Phase I, Paper 1 requires a minimum cutoff of 30% (without sectional cutoffs), while Paper 2 necessitates a minimum of 40%.
- To qualify for Phase II, candidates must meet individual cutoffs for each paper, along with an aggregate cutoff of 40% in Phase I. Phase I marks solely determine Phase II shortlisting and does not factor into final candidate selection.
IFSCA Grade A Exam Pattern 2024, Phase 2
IFSCA conducts an online exam for Phase II descriptive and objective. Candidates have to appear in Paper 1 and Paper 2 (General & Legal Streams). Check IFSCA Grade A Exam Pattern 2024, Phase 2.
| Paper | Streams/ Subjects | Maximum Marks | Duration | Cut off | Weightage | |
| Paper 1 (Common for both Streams) | English (Descriptive Test) Precis Writing – 35 marks Essay writing – 30 marks Comprehension- 35 marks | 100 | 60 minutes | 30% | 1/3rd | |
| Paper 2 | General Stream 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) (Please refer Annexure 1 for detailed syllabus) | 100 | 60 minutes | 40% | 2/3rd | |
| General Stream 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) (Please refer Annexure 1 for detailed syllabus) | 100 | 60 minutes | 40% | 2/3rd | ||
| Aggregate Cut off | 40% | |||||
IFSCA Grade A Interview Round
IFSCA conducts interview rounds for Grade A officer posts to assess the personality of candidates. The process of the interview begins with a self-introduction then, questions asked on IFSCA functioning, banking, and financial news from the interview panelists. IFSCA Grade A final merit list is prepared after final interview round.
IFSCA Grade A Syllabus 2024 Selection Process
The selection process for the IFSCA Grade A examination is rigorous and comprises multiple stages, including prelims, mains, and an interview. Only those candidates who will get shortlisted will be called for the interview round. The application fee is not refundable for the candidates who are not shortlisted for Phase II and the Interview round. In addition, the weightage of marks obtained in Phase II will be 85%, whereas the marks obtained in the interview will be given a weightage of 15%.
IFSCA Grade A Syllabus 2024, Key Benefits
Familiarizing oneself with the IFSCA Grade A Syllabus 2024 offers several benefits to candidates. It allows them to streamline their preparation efforts, focus on relevant topics, and maximize their chances of success. Moreover, a thorough understanding of the syllabus instills confidence in candidates and enables them to approach the examination with clarity and determination.
Below are the 5 most important advantages of familiarizing oneself with the IFSCA Grade A Syllabus 2024:
- Understanding the IFSCA Grade A Syllabus 2024 provides candidates with a clear roadmap for structuring their preparation, ensuring they cover all the necessary topics and subjects.
- Familiarity with the syllabus allows candidates to devise an efficient study plan, allocating time and resources effectively to each subject based on its weightage and importance in the exam.
- By knowing the syllabus, candidates can focus their attention on relevant topics and avoid wasting time on areas that are not included in the exam, thereby maximizing their study efforts.
- A thorough understanding of the syllabus gives confidence to the candidates, as they know exactly what to expect in the exam and can approach it with a sense of preparedness and assurance.
- Understanding the IFSCA Grade A syllabus enables candidates to tailor their preparation strategies according to the exam requirements, ultimately maximizing their chances of success in the IFSCA Grade A examination.
Takeaway
The IFSCA Grade A Syllabus 2024 is crucial for candidates preparing for the exam. Following the syllabus carefully and dedicating time to each subject can improve their chances of success. It’s essential for candidates to fully understand the IFSCA Grade A Syllabus 2024 and approach their preparation with determination and perseverance.
| Related Blogs: | |
| IFSCA Grade A Eligibility Criteria 2024 | IFSCA Grade A Shift Timing 2024 |
| IFSCA Grade A Salary 2024 | IFSCA Grade A Syllabus 2024 |
| IFSCA Grade A Apply Online 2024 | |
IFSCA Grade A Syllabus 2024 FAQs
We have provided IFSCA Grade A Syllabus 2024 topics in the blog.
IFSCA Grade A Syllabus 2024 Phase 1 Subjects: General Awareness, English, Quant & Reasoning.
The Selection Process of IFSCA Grade A 2024: Phase 1, Phase 2 & Interview.
Yes, there is a negative marking in the IFSCA Grade A 2024 Exam.
IFSCA Grade A Phase 1 carries a weightage of 100 marks.
Yes, English paper is common for generalist & legal posts in IFSCA Grade A Phase 2.
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