International Financial Services Centres Authority (IFSCA) Exam Pattern 2024

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    IFSCA Assistant Manager Phase II Demo Course

    • Phase 2 - 5 Descriptive English Mock Test for Paper 1 and 10 Mock Tests for Paper 2.
    • 600+ Video Lesson Covering the entire syllabus of Phase 2.
    • 300+ Study Notes designed by expert faculty from the relevant fields.
    • 1000+ Practice questions from all parts of the syllabus for IFSCA Assistant Manager Phase 2.
    • Study Plan & 25 Live Classes according to that.

    IFSCA Grade A Exam Pattern 2024

    To do well in the IFSCA Assistant Manager exam, it is essential that you are well acquainted with the IFSCA Grade A exam pattern 2024. 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 2024 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 2024.

    PaperSubjectNo. of QuestionsMaximum MarksDurationCut Off
    Paper 1 General awareness (financial sector) 25 25 1 hour 30%
    English language 25 25
    Quantitative Aptitude 25 25
    Test of Reasoning 25 25
    Total 100 100    
    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.

    PaperSubjectNo. of QuestionsMaximum MarksDurationCut OffWeightage
    Paper 1 Precis Writing 35 100 1 hour 30% 1/3rd
    Essay Writing 30
    Comprehension 35
    Total 100 100  
    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 2024

    Marking SchemeConsidered Marks
    For correct answers
    • Phase 1 Paper 1 - 1 marks each question
    • Phase 1 Paper 2 & Phase 2 Paper 2 - 2 marks each quetion
    For wrong answers -0.25/ 1/4 of marks assigned to the question
    For not attempted 0 (no marks)

    Exam language

    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.

    IFSCA Gr A Exam - Free Mock Tests

    IFSCA Grade A Officer 2024 Paper 1 Mock Test 3

    IFSCA Grade A Officer 2024 Paper 1 Mock Test 3

    • 60 Minutes
    • 100 Questions
    • 100 Marks
    IFSCA Grade A Officer 2024 Paper 1 Mock Test 2

    IFSCA Grade A Officer 2024 Paper 1 Mock Test 2

    • 60 Minutes
    • 100 Questions
    • 100 Marks
    IFSCA Grade A Officer 2024 Paper 1 Mock Test 1

    IFSCA Grade A Officer 2024 Paper 1 Mock Test 1

    • 60 Minutes
    • 100 Questions
    • 100 Marks

    IFSCA Gr A Exam - Previous Year Question Paper

    IFSCA Grade A Officer 2023 Paper 1 Previous Year Paper Shift 2

    IFSCA Grade A Officer 2023 Paper 1 Previous Year Paper Shift 2

    • 60 Minutes
    • 100 Questions
    • 100 Marks
    IFSCA Grade A Officer 2022 Phase 1 Paper 2 Previous Year Paper

    IFSCA Grade A Officer 2022 Phase 1 Paper 2 Previous Year Paper

    • 60 Minutes
    • 50 Questions
    • 100 Marks
    IFSCA Grade A 2023 Paper 2 Previous Year Paper

    IFSCA Grade A 2023 Paper 2 Previous Year Paper

    • 60 Minutes
    • 50 Questions
    • 100 Marks
    IFSCA Grade A 2023 Paper 1 Previous Year Paper Shift 1

    IFSCA Grade A 2023 Paper 1 Previous Year Paper Shift 1

    • 60 Minutes
    • 100 Questions
    • 100 Marks

    Ifsca Assistant Manager Exam Pattern FAQs

    The IFSCA Grade A Exam will be conducted in 3 phases- Phase 1 (Online Exam), Phase 2 (Online Exam) and Phase 3 (Interview).
    The IFSCA Grade A exam will be in online mode.
    Yes, the IFSCA Grade A exam will carry a negative marking of 1/4th marks for wrong answers.
    No, there is no sectional timing in the IFSCA Assistant Manager exam. You will be given a composite time of 60 minutes to complete the exam.

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