International Financial Services Centers Authority (IFSCA) Grade A 2024 exam is a great opportunity for candidates interested in pursuing a career in financial regulation. The Phase 2 examination, held on October 13, 2024, was the second phase of the candidates’ journey towards securing a coveted post as Assistant Manager. In this article, we are providing IFSCA Grade A Exam Analysis 2024, including exam pattern, section-wise review and difficulty level.
IFSCA Grade A Exam Analysis 2024
The IFSCA Grade A examination is conducted in several stages, Stage 2 is an online examination which acts as the main examination. This stage is important as it determines which candidates will proceed to the next stage of the selection process. As per the feedback from the candidates, the questions asked in the IFSCA Grade A exam were of moderate difficulty.
IFSCA Grade A Phase II Exam Analysis 2024, 13th October 2024: Difficulty Level
The overall difficulty level of the IFSCA Grade A 2024 Step 2 exam was moderate.
IFSCA Grade A Stage 2 Exam Analysis 2024, 13 October: Difficulty Level | ||
paper | section | difficulty level |
paper 1 | precise writing | medium |
essay writing | medium | |
Understanding | medium | |
paper 2 | general stream | medium |
Legal Stream: MCQs on specific topics | medium | |
overall | medium |
IFSCA Grade A Stage 2 Exam Analysis 2024: Section-wise Analysis
IFSCA Grade A 2024 Stage 2 exam was a well-balanced exam, challenging candidates from different sections.
IFSCA Grade A Step 2 Exam Analysis 2024: Essay Writing
Given below is the list of questions asked in the Essay Writing section of the IFSCA Grade A Stage 2 Exam 2024. The word limit for essay writing was 270 words.
- The government should consider formulating rules to regulate the content aired on various streaming channels.
- There has been a lot of change in the purchasing behavior of Indian customers. Discuss the positives and negatives.
- The role of family dynamics in providing mental well-being across generations.
Apart from essay writing, short writing and reading comprehension were also asked in Paper 1 of Phase II.
IFSCA Grade A Stage II Exam Analysis 2024, Paper II
Paper II exam review for IFSCA Grade A Stage II exam 2024 is discussed below.
- IFSCA member
- Fiscal deficit
- Atal Pension Yojana
- nps age enrollment
- sweat equity
- optional
- pf withdrawal limit
- on account derivative
- Contribution to EPF by employee
- Atal Pension Yojana Minimum Pension
- economic survey
- Integrated Pension Scheme
- Ubharate Stars
- IIBX full form
- gift city full form
- Maximum denomination notes printed by RBI
- locking period
- e-commerce unit
- municipal bond
- open market operations
- forward rate
- rbi act 1934
- NABFID
- grace period
- Budget
- sgx nifty
- settlement risk
- Insurance FDI Limit
- boaster
- budget planning
- nhb authorized capital
- compulsory insurance
- solvency ratio
- MMID
- SEBI
- ifsc tax exemption
- fund of funds
- ULI full form
- Maximum age for NPS contribution
- irdai circular
- basis of loss
- EDIS
- NBFC IFC
- first developmental organization
IFSCA Grade A Phase II Exam Pattern 2024
In the Phase II examination, there is a negative marking system, in which 1/4 mark is deducted for each question in Paper 2. To qualify for Phase III, candidates must meet and score a separate cut-off for each paper in Phase II. The overall cut-off is 40%, with Paper 1 contributing 1/3 of the total weightage and Paper 2 contributing 2/3. Based on these criteria, candidates equal to 3 times the number of vacancies, in order of merit, will be shortlisted for Stage III which is the interview round. The list of candidates selected for interview will be published on the IFSCA website. Candidates can check the IFSCA Phase II Exam Pattern below.
paper 1
IFSCA Phase II Paper 1 Exam Pattern 2024 | ||||
section | maximum marks | time period | Importance | cut off |
precise writing | 35 | 60 minutes | 1/3 | 30% |
essay writing | 30 | |||
Understanding | 35 | |||
Total | 100 |
paper 2
IFSCA Phase II Exam Pattern 2024 | |||||
paper | subjects | number of questions | Maximum. Mark | cut off | Duration |
Paper II |
General Stream: MCQs on IFSCA Act, Union Budget, Economic Survey, Banking, Capital Market, Insurance, Pension Fund, Bullion, Gifts City, GIFT IFSC, IFSCA, Global Financial Center etc. |
50 | 100 | 40% | 60 minutes |
Legal Section: MCQs on specific topics | 100 | ||||
overall cut off | 40% |