IFSCA Grade A

IFSCA Grade A Syllabus 2024, Know Phase 1 & 2 Exam Pattern

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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 BodyInternational Financial Services Centres Authority
Name of the ExamIFSCA Exam 2024
Name of the PostAssistant Manager
Total No. of Vacancies15
Selection Process-Phase I
-Phase II
-Interview
Mode of ApplicationOnline
Official Websitehttps://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:

SubjectsSyllabus
English LanguageReading Comprehension
Vocabulary Error Detection Sentence Rearrangement Word Swap Idioms & Phrases
Synonyms & Antonyms
Fillers
Quantitative AptitudeHCF 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
ReasoningArithmetical 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 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, 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 knowledgeCurrent 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

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 2For 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)
10060 minutes40%
Paper 2Legal Stream
Multiple choice questions on Specialized subject related to stream
10060 minutes40%
Aggregate Cut-Off40%

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.

PaperStreams/ SubjectsMaximum MarksDurationCut offWeightage
Paper 1 (Common for both Streams) English (Descriptive Test)  Precis Writing – 35 marks Essay writing – 30 marks  Comprehension- 35 marks10060 minutes30%1/3rd
Paper 2General 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)10060 minutes40%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)10060 minutes40%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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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 2024IFSCA Grade A Shift Timing 2024
IFSCA Grade A Salary 2024IFSCA Grade A Syllabus 2024
IFSCA Grade A Apply Online 2024

IFSCA Grade A Syllabus 2024 FAQs

Where can I get the IFSCA Grade A Syllabus 2024?

We have provided IFSCA Grade A Syllabus 2024 topics in the blog.

What are the subjects in IFSCA Grade A Syllabus 2024 Phase 1?

IFSCA Grade A Syllabus 2024 Phase 1 Subjects: General Awareness, English, Quant & Reasoning.

What is the Selection Process for IFSCA Grade A Recruitment 2024?

The Selection Process of IFSCA Grade A 2024: Phase 1, Phase 2 & Interview.

Is there any negative marking in the IFSCA Grade A 2024 Exam?

Yes, there is a negative marking in the IFSCA Grade A 2024 Exam.

How many marks are allotted to IFSCA Grade A Phase 1?

IFSCA Grade A Phase 1 carries a weightage of 100 marks.

Is English paper common paper for generalist & legal in IFSCA Grade A Phase 2?

Yes, English paper is common for generalist & legal posts in IFSCA Grade A Phase 2.

Asad Yar Khan

I write and oversee the creation of informative educational blogs centering around study strategies, exam techniques, and more, to guide aspirants in clearing SSC, banking, engineering, and other competitive exams. I ensure a range of subjects are covered with precision and clarity. With over 7 years of diverse writing experience, I share a wealth of wisdom and expertise with thousands of students, through PracticeMock every day, helping them achieve their goals.

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