IFSCA Phase 2 2023 Exam-Best 20 Days Study Plan

IFSCA Assistant Manager Phase II Exam is expected to be conducted on 13 May 2023. As always, this year too, candidates who cleared OPhse 1 exam will be getting ready to appear for the IFSCA Grade A Phase 2 exam. If you too are among them and want to crack the IFSCA Grade A Exam 2023 in first attempt, you must design the best study plan to cover the syllabus coupled with the best Mock Tests for practice.

Given below is the best 20 days study plan for IFSCA Grade A exam success.

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IFSCA Grade A Main Online Exam 2023

Paper	Streams/Subjects	Maximum Marks	Duration	Cut Off	Weightage
Paper 1	English (Descriptive Test)(a) Precis Writing – 35 marks(b) Essay writing – 30 marks (c) Comprehension- 35 marks	100	60 minutes	30%	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)	100	60 minutes	40%	2/3rd
Aggregate Cut-Off				40%

1. Candidates shortlisted for Phase II will receive new Hall Tickets.
2. Paper 2 in Phase II has a negative marking (1/4th of the marks assigned to the question).
3. Paper 1 has a minimum cut-off of 30% and Paper 2 has a minimum cut-off of 40% in Phase II.
4. Candidates must secure separate cut-offs in each paper as mentioned above and an aggregate cut-off of 40% in the Phase II exam (weightage of 1/3rd for Paper 1 and 2/3rd for Paper 2) to be shortlisted for Phase III.
5. Candidates equaling three times the number of vacancies shall be shortlisted for Phase III based on merit. A list of candidates shortlisted for Interviews will be made available on the IFSCA website.

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IFSCA Assistant Manager Syllabus – Phase II

Paper 1 is a descriptive paper in nature. In it, the candidates have to attempt an essay, comprehension, and precis. Whereas, in Paper 2, multiple-choice questions will be asked. Here are the topics that you need to master to maximize your score and clear the cutt off:

1. IFSCA Act
2. Union Budget
3. Economic Survey
4. Banking
5. Capital Market
6. Insurance
7. Pension Funds
8. Bullion
9. GIFT City
10. GIFT IFSC
11. IFSCA
12. Global Financial Centres
13. IFSCA Act

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1. IFSCA Act

The International Financial Services Centres Authority (IFSCA) is a financial powerhouse that regulates and develops financial products and services in India’s International Financial Services Centre (IFSC). It operates as a unified authority under the International Financial Services Centres Authority Act, 2019, and is headquartered at GIFT City in Gandhinagar Gujarat.

2. Union Budget

The Union Budget is a financial statement that reflects the government’s vision for India’s economic growth and development. It is a roadmap that outlines the government’s priorities and goals for the upcoming fiscal year. Take Mock Test to test your knowledge of Union Budget.

3. Economic Survey

The Economic Survey is an annual report that provides an overview of India’s economic performance over the past year. It analyzes key trends and challenges facing the Indian economy and provides recommendations for policy reforms to promote sustainable growth. Take Mock Test to test your knowledge of the Economic Survey.

4. Banking

Banking is the backbone of the financial system and plays a pivotal role in the economy. It involves accepting deposits from customers and lending money to those who need it. It’s like a bridge that connects savers and borrowers. Take Mock Test to test your knowledge of the

5. Capital Market

The capital market is like a big financial playground where companies can raise funds for their operations and expansion by issuing stocks or bonds. It’s a place where long-term debt or equity-backed securities are bought and sold. This playground includes stock exchanges and over-the-counter markets. The capital market is an important part of the financial system as it provides a way for companies to raise funds for their operations and expansion. Take Mock Test to test your knowledge of the Capital Market.

6. Insurance

Insurance is like a safety net that protects individuals from unforeseen events such as accidents, illnesses, or natural disasters. It provides financial protection against losses incurred due to these events.

7. Pension Funds

Pension funds are like a savings account for retirement. They are investment funds that provide retirement income to individuals. They are managed by professional fund managers who invest in stocks, bonds, and other securities. Take Mock Test to test your knowledge of the Pension Funds.

8. Bullion

Bullion refers to gold or silver bars or coins that are traded as commodities on the international market. It’s like a safe haven for investors during times of economic uncertainty. Take Mock Test to test your knowledge of the Bullion.

9. GIFT City

GIFT City is India’s first operational smart city and international financial services center (IFSC) located in Gandhinagar, Gujarat. It’s like a hub for global financial services players to set up their base in India. Take Mock Test to test your knowledge of the GIFT City.

10. GIFT IFSC

The Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC) is a multi-services SEZ with a world-class infrastructure that provides a platform for global financial services players to set up their base in India. It’s like a one-stop shop for all financial services. Take Mock Test to test your knowledge of the GIFT IFSC

11. IFSCA

The International Financial Services Centres Authority (IFSCA) was established under the International Financial Services Centres Authority Act, 2019. It works as a unified authority for the development and regulation of financial products, financial services, and financial institutions in the International Financial Services Centre (IFSC) in India. It’s like a watchdog that ensures the smooth functioning of the IFSC. Take Mock Test to test your knowledge of the IFSCA.

12. Global Financial Centres

Global Financial Centres are cities that have a significant concentration of financial institutions and markets. They play an important role in global finance by providing access to capital markets, facilitating international trade, and promoting economic growth. Take Mock Test to test your knowledge of the Global Financial Centres.

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IFSCA Phase 2 2023 Exam-Best 20 Days Study Plan

Day	Mock Test
Day 1	-Cover IFSCA -Act Cover Union Budget   Take IFSCA Grade A Phase 2 Mock Test 1 + Analysis
Day 2	-Cover Economic Survey -Cover Banking   Take IFSCA Grade A Phase 2 Mock Test 2 + Analysis
Day 3	Cover Capital Market
Day 4	Cover Insurance
Day 5	Cover Pension Funds   Take IFSCA Grade A Phase 2 Mock Test 3 + Analysis
Day 6	Cover Bullion
Day 7	Cover GIFT City
Day 8	Cover Pension Funds   Take IFSCA Grade A Phase 2 Mock Test 4 + Analysis
Day 9	Cover IFSCA
Day 10	Cover Global Financial Centres   Take IFSCA Grade A Phase 2 Mock Test 5 + Analysis
Day 11	Cover IFSCA Act   Take IFSCA Grade A Phase 2 Mock Test 6 + Analysis
Day 12	Cover Pension Funds
Day 13	Cover Pension Funds   Take IFSCA Grade A Phase 2 Mock Test 7 + Analysis
Day 14	Cover Banking   Take IFSCA Grade A Phase 2 Mock Test 8 + Analysis
Day 15	Capital Market
Day 16	Cover Union Budget   Take IFSCA Grade A Phase 2 Mock Test 9 + Analysis
Day 17	Cover Economic Survey
Day 18	Cover IFSCA Act
Day 19	Revision
Day 20	Cover Pension Funds

Benefits of IFSCA Phase 2 Mock Tests 2023

Mock tests are an essential part of exam preparation. Here are some benefits of attempting IFSCA Phase 2 Mock Tests 2023:

1. Familiarity with the exam pattern: Attempting mock tests will help you get familiar with the exam pattern and the types of questions that will be asked in the actual exam.
2. Identifying weak areas: Attempting mock tests will help you identify your weak areas and work on them before the actual exam.
3. Time management: Mock tests will help you manage your time better during the actual exam. You can practice solving questions within the given time frame.
4. Improves accuracy: Attempting mock tests will help you improve your accuracy in solving questions.
5. Boosts confidence: Mock tests will help you build confidence and reduce anxiety before the actual exam.