International Financial Services Centres Authority (IFSCA) is recruiting candidates for Grade A posts, with Phase 1 exam scheduled on 01 September 2024. This rigorous selection process aims to identify and recruit talented individuals for various positions within the organization. Interested candidates should familiarize themselves with the syllabus and exam pattern to prepare effectively for this competitive exam. IFSCA Grade A recruitment offers professionals a unique opportunity to contribute to the development and regulation of international financial services in India. The given column gives us detailed information about IFSCA Grade A Syllabus 2024 and Exam Pattern.
IFSCA Grade A Exam Pattern 2024
IFSCA has released the exam pattern along with the official notification PDF. For the final selection, candidates have to qualify for Phase I, Phase II and Interview round. In each phase, candidates have to give 2 papers. There will be negative marking for Paper 1 and Paper 2 in Phase I and for Paper 2 in Phase II. All the questions in both the phases will be asked in both Hindi and English languages ​​except for the English test.
IFSCA Grade A Exam Pattern 2024: Phase 1
Phase I Exam IFSCA Grade A 2024 Assistant Manager will have 2 papers. To move to the next stage of the recruitment process, candidates must obtain a 40% overall score. Both Paper 1 and Paper 2 in Phase I will have negative marking, with 1/4th of the prescribed marks being deducted for each question. In Paper 1, candidates must obtain a minimum of 30% marks, with no specific sectional cut-off. For Paper 2, the minimum required score is 40%. Candidates must meet these individual cut-offs as well as the overall 40% overall cut-off to qualify for Phase II. However, the marks obtained in Phase I are only used to shortlist candidates for Phase II and are not counted in the final selection.
Paper 1
| IFSCA Grade A Phase 1 Exam Pattern 2024 | ||||
| Themes | Number of questions | Maximum Marks | cut off | Time Period |
| General Awareness (Financial Sector) | 25 | 25 | 30% | 60 minutes |
| English Language | 25 | 25 | ||
| Quantitative Aptitude | 25 | 25 | ||
| logic | 25 | 25 | ||
| Total | 100 | 100 | ||
Paper 2
| IFSCA Exam Pattern 2024 | |||||
| paper | Themes | Number of questions | Maximum Marks | cut off | Duration |
| Paper II |
General Stream: Multiple Choice Questions on General Studies | 50 | 100 | 40% | 60 minutes |
| Legal Section: Multiple choice questions on specific topics | 100 | ||||
| Total Cut Off | 40% | ||||
IFSCA Grade A Exam Pattern 2024: Phase II
In the Phase I exam for IFSCA Assistant Manager, candidates will have to appear for two papers. To move to the next stage of the recruitment process, they will have to secure at least 40% marks in aggregate. In the Phase II exam, there will be a negative marking system, with 1/4th marks being deducted for each question in Paper 2. To qualify for Phase III, candidates will have to meet separate cut-offs for each paper in Phase II and achieve an overall cut-off of 40%, with Paper 1 contributing 1/3 of the total weightage and Paper 2 contributing 2/3 of the weightage. Based on these criteria, candidates equal to 3 times the number of vacancies will be shortlisted, in order of merit, for Phase III, which is the interview round. The list of candidates selected for the 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 |
| Writing a Summary | 35 | 60 minutes | 1/3 | 30% |
| essay writing | 30 | |||
| Understanding | 35 | |||
| Total | 100 | |||
Paper 2
| IFSCA Phase II Exam Pattern 2024 | |||||
| paper | Themes | Number of questions | Maximum Marks | cut off | Duration |
| Paper II |
General Stream: MCQs on IFSCA Act, Union Budget, Economic Survey, Banking, Capital Market, Insurance, Pension Funds, Bullion, GIFT Citi, GIFT IFSC, IFSCA, Global Financial Centre etc |
50 | 100 | 40% | 60 minutes |
| Legal Section: Multiple choice questions on specific topics | 100 | ||||
| Total Cut Off | 40% | ||||
IFSCA Grade A Syllabus 2024: Phase I
The syllabus of Phase 1 is similar to other competitive exams as it includes subjects like English Language, Quantitative Aptitude, Reasoning, and General Awareness. In Paper 2, the topics will be related to economy and candidates can check the complete list below. Here, we have discussed the IFSCA Assistant Manager Phase 1 Syllabus 2024 section-wise.
| IFSCA Assistant Manager Syllabus 2024: Phase 1 | |
| English Language |
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| Quantitative Aptitude |
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| logic |
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IFSCA Phase I Paper 2 Syllabus 2024 |
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| general awareness |
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IFSCA Grade A Syllabus 2024: Phase II
Phase 2 will have descriptive and objective tests. Paper 1 will be descriptive in which candidates will have to attempt essay, comprehension and summary. In Paper 2, multiple choice questions will be asked from the topics discussed here.
- IFSCA Act
- Union Budget
- economic survey
- Banking, Capital Markets
- Insurance
- pension funds
- Bullion
- Gift City
- Gift IFSC
- IFSCA
- Global Financial Centre
