PFRDA Grade Exam Pattern and Syllabus 2026
Understanding the exam pattern and syllabus is crucial for effective preparation in any competitive examination. It provides insights into the structure, marking scheme, and topics to focus on.
Familiarity with the exam pattern enables candidates to strategize their study approach, allocate time efficiently, and practice effectively.
Now that the PFRDA Grade A notification for the 2026 recruitment cycle is released, screening the syllabus and exam pattern should be one of your initial steps, alongside focusing on the PFRDA Grade A eligibility criteria, exam dates, salary details, and other information.
Therefore, to make your work easier and faster, we are providing you with the complete PFRDA Grade A syllabus and pattern for the exam, here in this article. Please note, the syllabus varies according to the stream you are applying for.
Download the study material for free
PFRDA Grade A Exam Pattern 2026
After going through the PFRDA Assistant Manager exam notification, you will get important information regarding PFRDA Grade A exam pattern. The PFRDA Assistant Manager exam pattern comprises the following three phases.
- Phase 1 (Online screening consisting of two papers of 100 marks each)
- Phase 2 (Online examination consisting of two papers of 100 marks each)
- Phase 3 (Interview)
PFRDA Grade A What’s New?
| Notification | 2020 | 2021 |
|---|---|---|
| Stages of the exam | There were two stages in the exam
|
The exam pattern comprises three stages
|
| Written: Interview Ratio | 80:20 | 85:15 |
PFRDA Grade A 2026 Phase 1 Exam Pattern
PFRDA Grade A exam pattern for Phase 1 is a multiple-choice question-based exam. It will consist of two papers - Paper 1 and Paper 2. The PFRDA Grade A (Assistant Manager) Paper 1 exam is common for every stream. It carries 100 marks. Paper 2 is however different for different streams. Further details on the PFRDA Assistant Manager exam pattern can be obtained from the table below.
| Paper | Stream / Subject | Maximum Marks | Number of Questions | Time Duration |
|---|---|---|---|---|
| Paper 1 All Streams: Multiple choice questions on the subjects |
English Language | 25 | 20 | 60 minutes |
| Quantitative Aptitude | 25 | 20 | ||
| Test of Reasoning | 25 | 30 | ||
| General Awareness (including some questions related to Financial Sector) | 25 | 20 | ||
| Total | 100 | 90 | ||
| Paper 2 | General Stream: Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics, Pension Sector, Artificial Intelligence (AI), Media, Marketing & Communication. | 100 | 50 | 40 minutes |
Note: You have to secure separate cut-offs in each paper as well as overall cut-off marks in Phase 1.
The minimum overall cut-off marks for being shortlisted for Phase 2 will be decided by the Authority in relation to the number of vacancies.
Marks obtained in Phase 1 shall be used only for shortlisting candidates for Phase 2 and will not be counted for the final selection of the candidates.
PFRDA Grade A 2026 Phase 2 Exam Pattern
PFRDA Grade A Exam Pattern for Phase 2 consists of two papers as well, i.e., Paper 1 and Paper 2. Paper 1 is of the English language (common for all streams) and Paper 2 is subject-related.
Paper 1 will be descriptive in nature whereas, in Paper 2, multiple-choice questions will be asked. The time limit varies for each paper. Further details on the PFRDA Grade A Mains exam pattern as given in the table below.
| Paper | Stream / Subject | Maximum Marks | Number of Questions | Time Duration |
|---|---|---|---|---|
| Paper 1 | All Streams: English (Descriptive Test) to test the drafting skills | 100 | 3 | 60 minutes |
| Paper 2 | General Stream: Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics, Pension Sector, Artificial Intelligence (AI), Media, Marketing & Communication | 100 | 50 | 40 minutes |
| Research, Actuary and Official Language (Rajbhasha) Streams: Multiple choice questions on Specialised subject related to stream. | 100 | 50 | 40 minutes |
Note: A separate call letter will be issued to you if you qualify for PFRDA Grade A Phase 3- Interview
You have to secure separate cut-offs in each paper as well as overall cut-off marks in PFRDA Grade A Phase 2
Paper 2 will be conducted in several shifts. Hence, if you have applied to multiple streams the same shall be intimated to you in the call letter
Only if you qualify for the Paper 1 test, your Paper 2 will be evaluated
Phase 3- Personal Interview
You will be shortlisted for PFRDA Grade A Phase 3 i.e Interview, based on your performance in the Phase 2 exam. You can opt for an interview in Hindi or English at your convenience. The final merit for PFRDA Grade A Recruitment will be decided on the marks obtained by you in Phases 2 and 3.
The final merit consists of a weightage of 85% marks obtained in PFRDA Exam Phase 2 and a weightage of 15% marks obtained in PFRDA Grade A Phase 3 (Interview).
PFRDA Grade A Marking Scheme
In the PFRDA Grade A exam, a wrong answer will attract a penalty of 1/4th of the mark assigned to that question. The detailed PFRDA Grade A Marking Scheme is provided in the table below.
| Paper | Stream / Subject | Maximum Marks | Number of Questions | Time Duration |
|---|---|---|---|---|
| Paper 1 | All Streams: English (Descriptive Test) to test the drafting skills | 100 | 3 | 60 minutes |
| Paper 2 | General Stream: Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics, Pension Sector, Artificial Intelligence (AI), Media, Marketing & Communication | 100 | 50 | 40 minutes |
| Research, Actuary and Official Language (Rajbhasha) Streams: Multiple choice questions on Specialised subject related to stream. | 100 | 50 | 40 minutes |
PFRDA Phase 1 Paper 1 Syllabus (Common for all Streams)
The PFRDA Grade A syllabus for Phase 1-Paper 1 consists of various subjects - English Language, Reasoning, General Awareness, and Quantitative Aptitude. This paper is common for all the streams. The detailed PFRDA Grade A syllabus for Phase 1 is listed below.
PFRDA Phase 2 Paper 1 Syllabus (Common for all Streams)
PFRDA Grade A Paper 1 of Phase 2 is descriptive English Language (common for all streams). The detailed PFRDA Grade A syllabus for Phase 2- Paper 1 for all streams is given below.
| Section | Topics |
|---|---|
| English Language | Reading Comprehension, Cloze Test, Grammar, Vocabulary, Sentence Correction, Error Detection, Fill in the Blanks, Para Jumbles, Sentence Rearrangement, Synonyms and Antonyms, Idioms and Phrases, Word Usage and other English Language topics |
| Quantitative Aptitude | Simplification and Approximation, Number Series, Quadratic Equations, Number System, HCF and LCM, Ratio and Proportion, Average, Percentage, Profit and Loss, Time and Work, Pipes and Cisterns, Time, Speed and Distance, Simple and Compound Interest, Mixture and Allegation, Permutation and Combination, Probability, Data Interpretation and Data Sufficiency |
| Reasoning | Analogy, Classification, Coding-Decoding, Blood Relations, Syllogism, Statement and Conclusions, Statement and Assumptions, Statement and Arguments, Alphabet Test, Series, Ranking and Time Sequence, Direction Sense, Decision Making, Input-Output, Assertion and Reasoning, Seating Arrangement, Puzzles and Miscellaneous Reasoning topics |
| General Awareness | Current Affairs, Indian Economy, Financial System, Banking and Financial Awareness, Monetary Policies, Economic and Financial Terms, Financial and Economic News, Government Schemes, National Institutions, Banking Terms, Rates and Processes, Agreements and Deals, and other General Awareness topics including financial sector awareness |
PFRDA Paper 2 Syllabus (Common for Both phases)
The PFRDA Assistant Manager exam syllabus for Phase 2- Paper 2 for General, Actuarial, Finance & Accounts, Information Technology, Official Language (Rajbhasha), Research (Economics) and Research (Statistics) is provided in the table below.
| Section | Topics |
|---|---|
| English Writing Skills | Precis Writing, Essay Writing, Comprehension |
PFRDA Syllabus Paper 2 for General Stream
| Section | Topics |
|---|---|
| PFRDA Act | PFRDA Act, 2013 and amendments thereto |
| Union Budget & Economic Survey | Union Budget - Concepts, approach and broad trends; Economic Survey |
| Commerce & Accountancy |
|
| Management |
|
| Finance | Financial System
|
| Costing |
|
| Companies Act |
|
| Economics |
|
| Pension Sector |
|
| Artificial Intelligence (AI) / Machine Learning (ML) |
|
| Media |
|
| Marketing & Communication |
|
PFRDA Syllabus Paper 2 for Information Technology Stream
| PFRDA Grade A (Assistant Manager) IT Stream Syllabus 2026 | |
|---|---|
| The Information Technology (IT) stream is not included in the PFRDA Officer Grade A (Assistant Manager) Recruitment 2026. The 2026 recruitment is conducted for the General, Research, Actuary and Official Language (Rajbhasha) Streams. |
PFRDA Syllabus Paper 2 for Research (Economics) Stream
| Section | Topics |
|---|---|
| Economics | Demand and Supply, Market Structures, National Income: Concepts and Measurement, Classical & Keynesian Approach, Determination of Output and Employment, Consumption Function, Investment Function, Multiplier and Accelerator, Demand and Supply for Money, IS – LM, Inflation and Phillips Curve, Business Cycles, Balance of Payments, Foreign Exchange Markets, Monetary and Fiscal Policy, Non-Banking Financial Institutions. |
| Statistics and Econometrics | Probability Theory, Descriptive Statistics, Probability Distributions, Statistical Inference, Sampling Techniques, Testing of Hypothesis, Economic Statistics, Time Series Analysis, Operations Research, Statistical Quality Control, Statistical Computing. |
| Financial Institutions and Markets | Financial Institutions and Markets, Money, Credit and Capital Markets, Primary Market, Secondary Market, Commodity Markets, Mutual Funds, Stock Exchanges, Credit Rating Agencies, Pension and Insurance Markets, Foreign Exchange Markets, Role of International Financial Institutions, IMF & World Bank. |
PFRDA Syllabus Paper 2 for Finance and Accounts Stream
| Section | Topics |
|---|---|
| The Basic Financial Statement |
|
PFRDA Syllabus Paper 2 for Official Language (Rajbhasa) Stream
| Section | Topics |
|---|---|
| Rajbhasha |
|
PFRDA Syllabus Paper 2 for Legal Stream
| Topics |
|---|
| PFRDA Act, 2013 |
| IRDAI Act, 1999, |
| SEBI Act, 1992 |
| Constitution of India –Preamble, Part I, Part III, Part IV, Part IVA, Part V, Part VI, Part VIII, Part IXA, Part IXB, Part XI, Part XII, Part XIII, Part XIV, Part XIVA, Part XX |
| Law of Contracts –Indian Contract Act, 1872 (Chapters I to VI and VIII to X), Indian Partnership Act, 1932, Specific Relief Act, 1963 |
| Criminal Law –Indian Penal Code, 1860 (Chapters I, II, III, IV, V, VA, VI, IX, XVII, XXI, XXII, XXIII); Code of Criminal Procedure, 1973 |
| Law of Evidence –Indian Evidence Act, 1872 |
| Code of Civil Procedure, 1908 –Part I, Part II, Part III, Part IV, Part V, Part VII, Schedule-I |
| Administrative Law and Principles of Natural Justice |
| Jurisprudence and Interpretation of Statutes |
| Important Latin terms and maxims |
| Law of Torts and Consumer Protection Act, 2019 |
| Arbitration and Conciliation Act, 1996 –Part I, Part III, Part IV |
| Transfer of Property Act, 1882 –Chapter III, Chapter IV, Chapter V |
| Law of Trusts –Parties to a Trust Deed and Duties of Trustees |
| Corporate Law –Companies Act, 2013 (Chapter I, Chapter II, Chapter III, Chapter IV, Chapter V, Chapter VII, Chapter VIII, Chapter IX, Chapter X, Chapter XI, Chapter XII, Chapter XIII, Chapter XV, Chapter XVI, Chapter XXVII, Chapter XXVIII, Chapter XXIX); Limited Liability Partnership Act, 2008; Insolvency and Bankruptcy Code, 2016 (Part I, Part II) |
| Taxation –General principles |
PFRDA Exam Language
The PFRDA Assistant Manager exam is bilingual in nature i.e. Hindi/ English except for the test for English Language and the Descriptive Test. Besides this, you can also opt for an interview in either Hindi or English.
PFRDA Grade A Important Books 2026
Any preparation is incomplete without relevant and good study material. Therefore, before starting your preparation, you must know which books to go for so that you do not waste your precious time reading irrelevant books.
To assist you with the preparation, some important PFRDA Grade A books are mentioned below which can be useful in your preparation journey. Also, for all current affairs-related content, you can refer to ixamBee's BeePedia capsules.
| Paper | Books | Author/Publisher |
|---|---|---|
| Securities Markets | Capital Markets & Securities Laws | N.S.Zad |
| 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 |
| Business Law Including Company Law | SS Gulshan | New Age International Publishers |
PFRDA Grade A Free Mock Tests
Make sure that you leave no stone unturned while preparing for PFRDA Grade A 2026. To evaluate your preparation level, the best way is to attempt mock tests as much as possible. It not only increases your speed but also improves your overall score in the exam.
Thus, we at ixamBee are providing practice tests for PFRDA Grade A exam absolutely free of cost. You can attempt PFRDA Grade A exam mock tests 2026 by just logging in to the website. You will also find the stream-specific PFRDA Grade A mock tests on our website.
PFRDA Grade A Online Coaching 2026
To assist you with the PFRDA Grade A exam, ixamBee has come up with a comprehensive and well-curated PFRDA Grade ‘A’ Online Course 2026 that has all the essential components needed to ace the exam. You will find every important detail that is necessary to excel in the PFRDA Grade A examination. Some features of the Online Course have been provided below.
- 400+ Video Lessons covering the entire Syllabus for all Papers of PFRDA Grade A Phase 1
- Study Notes designed by expert faculty covering the PFRDA Grade A syllabus for Phase 1
- 10 Full-length Mock Tests for PFRDA Grade A Phase 1, adhering to PFRDA Grade A exam pattern
- Practice questions apart from mock tests covering all the new subjects/topics
- Daily Live Online Classes for doubt clarification with the subject experts
- PFRDA Phase 3 (Group Discussion and Interview) guidance