IFSCA Grade A Exam Pattern 2023
To do well in the IFSCA Assistant Manager exam, it is essential that you are well acquainted with the IFSCA Grade A exam pattern 2023. The exam pattern IFSCA exam will consist of three phases:
- Phase 1- Online Exam
- Phase 2- Online Exam
- Phase 3- Interview
Let’s look at the IFSCA Grade A exam pattern 2023 in detail below.
IFSCA Grade A Phase 1 Exam Pattern
Phase 1 of the IFSCA Grade A exam comprises 2 papers, which will consist of multiple-choice questions. You are required to secure a minimum cut-off of 30% in Paper 1 and 40% in Paper 2. Apart from that, you also need to secure an aggregate cut-off of 40% in the Phase 1 exam to be shortlisted for the next phase, i.e Phase 2.
Furthermore, the IFSCA Grade A Phase 1 exam will be qualifying in nature and marks obtained by the candidates in Phase 1 will not be counted for final selection. Please refer to the table below for more details on the IFSCA Grade A Phase 1 exam pattern 2023.
|Paper||Subject||No. of Questions||Maximum Marks||Duration||Cut Off|
|Paper 1||General awareness (financial sector)||25||25||1 hour||30%|
|Test of Reasoning||25||25|
|Paper 2||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||100||1 hour||40%|
IFSCA Grade A Phase 2 Exam Pattern
Phase 2 of the IFSCA Assistant Manager also comprises 2 papers. Paper 1 will consist of a Descriptive English Test, while Paper 2 will consist of multiple-choice questions.
The minimum cut-off for Paper 1 is 30%, and for Paper 2 the minimum cut-off is 40%. Furthermore, you also need to secure an aggregate cut-off of 40% in Phase 2 to be shortlisted for the Interview. The details of the IFSCA Grade A Phase 2 exam pattern are given below.
|Paper||Subject||No. of Questions||Maximum Marks||Duration||Cut Off||Weightage|
|Paper 1||Precis Writing||35||100||1 hour||30%||1/3rd|
|Paper 2||IFSCA Act, Union Budget, Economic Survey, Banking, Capital Market, Insurance, Pension Funds, Bullion, GIFT City, GIFT IFSC, IFSCA, Global Financial Centres etc.||50||100||1 hour||40%||2/3rd|
IFSCA Grade A Interview
Candidates who qualify for the Phase 2 exam, will be called for the third and final round, i.e Interview. Candidates up to 3 times the number of vacancies will be called for an interview. The weightage of marks obtained in Phase 2 and Interview will be 85:15.
IFSCA Grade A Marking Scheme
The IFSCA Grade A Phase 1 exam will have objective-type questions in both papers, whereas, in the case of Phase 2, only Paper 2 will have objective-type questions. The IFSCA Grade A exam will carry a negative marking for every wrong answer. Refer to the table below for more information on the IFSCA Assistant Manager marking scheme.
IFSCA Officer Grade A (Assistant Manager) Marking Scheme 2023
|Marking Scheme||Considered Marks|
|For correct answers||
|For wrong answers||-0.25/ 1/4 of marks assigned to the question|
|For not attempted||0 (no marks)|
It is important to note that all questions in IFSCA Grade A exam, except the Test of English Language in Phase 1 & Descriptive Test of English in Phase 2, will be bilingual i.e. in English and Hindi.