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IFSCA Grade A Syllabus 2024
The International Financial Services Centres Authority (IFSCA) refers to a statutory regulatory body that was established for the development and regulation of the financial services market in the International Financial Services Centre in India. This is a recruitment opportunity that provides plenty of lucrative opportunities for aspirants. IFSCA hopefuls had been eagerly awaiting the IFSCA Grade A Notification for some time now and their prayers were answered when the notification was released on 27 March, 2024. The deadline for the online applications for the IFSCA Grade A Exam is from 28 March to 5 May, 2024. With the release of the notification, IFSCA hopefuls can begin their preparation for the exam. Once you have acquainted yourself with the IFSCA Grade A exam pattern 2024, the next step is to understand the IFSCA Grade A syllabus 2024. Going through the syllabus of IFSCA Grade A will let you highlight the important topics you need to cover from the exam point of view. This will help to ensure that you do not miss out on any topic while preparing for theIFSCA Grade A 2024 exam.
IFSCA Grade A: Phase 1 Exam Pattern
The mode of selection for the IFSCA Grade A exam will be a three-stage process. Phase 1 will be an online screening exam which consists of two papers of 100 marks each. On the other hand, the 2nd phase too will consist of an online exam of two papers of 100 marks each. The third phase, which will be held after candidates clear the first two stages will be the interview.
Phase 1 of the IFSCA Grade A exam which is expected to take place sometime in April comprises 2 papers, which will consist of multiple-choice questions. The two papers, as mentioned earlier, are 100 marks each. The exam pattern for the phase 1 is mentioned in the table below:
| Paper | Subject | No. of Questions | Maximum Marks | Duration | Cut 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 1 Syllabus
The IFSCA Grade A exam for phase 1, as mentioned below will have two papers. The first paper is common for all streams and will test candidates in subjects such as English Language, Quantitative Aptitude, Reasoning Ability and General Awareness. For the General awareness section, aspirants can refer toBeePediawhich is a one-stop source for all general awareness content requirements for exams conducted by regulatory bodies.
Paper 2 will contain multiple choice questions: General Knowledge and Current Events of National and International Importance, Economic and Social Development, Commerce, Accountancy, Management, Finance, etc. While candidates for legal stream will be asked to answer questions pertaining to specialized subjects
Take a look at the IFSCA Grade A exam Phase 1 syllabus given below.
| Subjects | Topics |
|---|---|
| Reasoning Aptitude | Commonsense Reasoning, Coding Decoding, Coded Inequalities, Syllogism, Seating Arrangement, Puzzles, Coded Blood Relationship, Input Output, Direction and Distance, Ranking, Analytical Reasoning, Section Test Reasoning |
| Quantitative Aptitude | No. System, Percentage, Profit and loss, Ratio and proportion, Partnership, Average, Alligation, Simple and compound interest, Time and distance, Trains, Permutation and combination, Probability, Quadratic equation, Series, Mensuration, DI, Age, HCF and LCM, Simplification, Approximation, Time and work and Pipe and Cisterns, Short Cut Tricks, Section Test Quant, Caselet DI, Venn diagram |
| English Language | Tense, Parts of Speech, Direct Indirect Speech, Active passive voice, Articles and Determiners, Cloze Passage, Fillers, Reading Comprehension, Sentence Rearrangement / Parajumbles, Spotting Errors, Idioms and Phrases, Sentence Improvement, Coherent paragraph, Vocabulary, Section Test English Language, Sentence Connectors, Match the column, Subject Verb Agreement, Word Swapping / Replacement, Word Usage, Phrasal Verbs, The Hindu Editorial Discussions |
| General Awareness | Economy and Banking and Finance Static Concepts, Static GA, Budget and Economic Survey, Summary of Yojana Magazine and MCQ, Important Reports and Indices, Government Schemes, Monthly Quiz General Awareness, Beepedia, Economy and Banking and Finance Current Affairs, PIB Current Affairs |
| Economic and Sustainable Development | Growth and Sustainable development, Inclusion and Demographic |
| Finance | Financial Institutions, Basics of Derivatives, Financial Markets, Money Market, Capital Market, Financial Inclusion, Alternate Sources of Finance, Bonds and Bond Market, Mutual Funds, RBI and SEBI Circulars, Financial System |
| Management | The Management Basics, Leadership Concept, Human Resource Development, Motivation, Communication, Section Test Management |
| Indian and Global Economy | Indian Economy, Global Economy |
| Descriptive English | Precis Writing, Essay Writing, Descriptive English Mock Test, Reading Comprehension in English Writing |
| Banking and Capital Market | Financial Markets, Financial System, General Topics in Finance, Banking |
| Union Budget and Economic Survey | Union Budget and Economic Survey |
| Insurance and Pension Sector | Insurance Awareness, Pension |
| Commerce and Accounts | Accounting Standards, Accounting for Share capital Transactions, Other financial concepts, Accounting as financial info system, Financial Statements, Cash flow, fund flow - preparation and analysis, Taxation Related, Section test Accounts |
| Costing | Methods of costing, Basics of Cost control and analysis, Lean systems, Overview of Costing, Section Test Costing |
Please Note:
- There will be negative marking (1/4th of marks assigned to the question) for Paper 1 and Paper 2 in Phase I.
- There shall be a cut-off of a minimum of 30% for Paper 1 (no sectional cut-off shall be there) and a cut-off of minimum 40% for Paper 2 in Phase I.
- Candidates will have to secure separate cut-offs in each paper as mentioned above as well as aggregate cut-off marks of 40% in Phase I exam to be shortlisted for Phase II. Marks obtained in Phase I will be used for shortlisting the candidates for Phase II examination process only.
- Subject to the criteria mentioned at (iii) above, all the candidates who clear Phase I shall be shortlisted for Phase II. The list of candidates shortlisted for Phase II will be made available on IFSCA website.
IFSCA Grade A Phase 2: Exam Pattern
Like the case with Phase 1, Phase 2 of the IFSCA Assistant Manager Exam which might take place in Mayalso comprises 2 papers.
Paper 1 will consist of a Descriptive English Test, which will comprise of 3 questions: Precis Writing, Essay Writing and Comprehension. Note that you must type your answers on the computer.
On the other hand, Paper 2 will consist of multiple-choice questions on various subjects, such as t IFSCA Act, Union Budget, Economic Survey, Banking, Capital Market, Insurance, Pension Funds, Bullion, GIFT City, GIFT IFSC, IFSCA, Global Financial Centres etc..
For more details of the IFSCA Grade A syllabus for Phase 2, refer to the table below.
| Paper | Subject | No. of Questions | Maximum Marks | Duration | Cut Off | Weightage |
|---|---|---|---|---|---|---|
| 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 Phase 2: Syllabus
The IFSCA Grade A Phase 2 will focus on the Descriptive section for paper 1 and multiple-choice questions for paper 2 as mentioned in the exam pattern. Aspirants need to be prepared for the essay, precis and comprehension writing segment for paper 1. For the paper 2 syllabus, aspirants should focus on stream-based preparation. The syllabus for the same is given in the table below:
| Subjects | Topics |
|---|---|
| Reasoning Aptitude | Commonsense Reasoning, Coding Decoding, Coded Inequalities, Syllogism, Seating Arrangement, Puzzles, Coded Blood Relationship, Input Output, Direction and Distance, Ranking, Analytical Reasoning, Section Test Reasoning |
| Quantitative Aptitude | No. System, Percentage, Profit and loss, Ratio and proportion, Partnership, Average, Alligation, Simple and compound interest, Time and distance, Trains, Permutation and combination, Probability, Quadratic equation, Series, Mensuration, DI, Age, HCF and LCM, Simplification, Approximation, Time and work and Pipe and Cisterns, Short Cut Tricks, Section Test Quant, Caselet DI, Venn diagram |
| English Language | Tense, Parts of Speech, Direct Indirect Speech, Active passive voice, Articles and Determiners, Cloze Passage, Fillers, Reading Comprehension, Sentence Rearrangement / Parajumbles, Spotting Errors, Idioms and Phrases, Sentence Improvement, Coherent paragraph, Vocabulary, Section Test English Language, Sentence Connectors, Match the column, Subject Verb Agreement, Word Swapping / Replacement, Word Usage, Phrasal Verbs, The Hindu Editorial Discussions |
| General Awareness | Economy and Banking and Finance Static Concepts, Static GA, Budget and Economic Survey, Summary of Yojana Magazine and MCQ, Important Reports and Indices, Government Schemes, Monthly Quiz General Awareness, Beepedia, Economy and Banking and Finance Current Affairs, PIB Current Affairs |
| Economic and Sustainable Development | Growth and Sustainable development, Inclusion and Demographic |
| Finance | Financial Institutions, Basics of Derivatives, Financial Markets, Money Market, Capital Market, Financial Inclusion, Alternate Sources of Finance, Bonds and Bond Market, Mutual Funds, RBI and SEBI Circulars, Financial System |
| Management | The Management Basics, Leadership Concept, Human Resource Development, Motivation, Communication, Section Test Management |
| Indian and Global Economy | Indian Economy, Global Economy |
| Descriptive English | Precis Writing, Essay Writing, Descriptive English Mock Test, Reading Comprehension in English Writing |
| Banking and Capital Market | Financial Markets, Financial System, General Topics in Finance, Banking |
| Union Budget and Economic Survey | Union Budget and Economic Survey |
| Insurance and Pension Sector | Insurance Awareness, Pension |
| Commerce and Accounts | Accounting Standards, Accounting for Share capital Transactions, Other financial concepts, Accounting as financial info system, Financial Statements, Cash flow, fund flow - preparation and analysis, Taxation Related, Section test Accounts |
| Costing | Methods of costing, Basics of Cost control and analysis, Lean systems, Overview of Costing, Section Test Costing |
IFSCA Assistant Manager Books
After having a clear understanding of the IFSCA Assistant Manager syllabus 2024, the next step is to collect useful and relevant study material. To ensure that you do not waste your precious time, we have compiled a list of important books that will help you with your IFSCA Grade A exam preparation.
| Paper | Books | Author/Publisher |
|---|---|---|
| Economic and Social Issues | Indian Economy | Uma Kapila or Mishra Puri |
| Indian Economy | Ramesh Singh | |
| Sociology | CN Shankar Rao | |
| Finance & Management | Financial Management | Prasanna Chandra or IM Pandey |
| Indian Financial System | Bharti Pathak | |
| Principles & Practise of Management | LM Prasad / Sultan Chand & Sons | |
| Organisational Behaviour | SP Robins | |
| Principles of Management | Harold Kootz & Cyril J.O’Donnell / McGraw Hills | |
| Quantitative Aptitude | Quicker Mathematics | BSC Publications |
| Quantitative Aptitude | RS Agarwal | |
| Class Notes | SS Bharti | |
| Reasoning Ability | A modern approach to verbal & Non-verbal reasoning | R.S. Agarwal |
| Verbal & Non-Verbal Reasoning | S.Chand | |
| Verbal & Non-Verbal Reasoning | Arihant Publication | |
| English Language | English Grammar | Wren & Martin |
| Word power made easy | Norman Lewis | |
| Descriptive General English | SP Bakshi | |
| General Awareness | Lucent GK Knowledge | Lucent Publication |
| BeePedia | ixamBee | |
| English Descriptive | Descriptive English | S.P. BAKSHI |
| 151 Essays | S.C Gupta | |
| Letter writing | S.C Gupta | |
| Indian Economic Since Independence | Uma Kapila | Academic Foundation |
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