PFRDA Grade A (Finance & Accounts)

Highlights

PFRDA Grade A Finance

PFRDA Grade A recruitment 2021 for the post of Assistant Manager is out. The PFRDA Grade A 2021 notification consists of various streams like General, Actuarial, Finance and Accounts, IT, Official Language (Rajbhasha) and Research (Economics and Statistics). There are 02 vacancies announced for Finance and Accounts stream.

The online process had started from August 13, 2021 and ended on September 16, 2021. You should fill the PFRDA Grade A exam 2021 application form as soon as possible to avoid any last-minute rush. Though the exam dates have not been announced yet but it will be intimated on the website soon. Let’s look at the important highlights of the exam.

PFRDA Grade A Phase 2 results have been announced!! It has released the list of roll numbers of the shortlisted candidates for PFRDA Grade A -Phase 3 (Interview) for all streams. The interview for PFRDA Grade A 2021 is scheduled to take place between January 24 - February 02, 2022.

PFRDA Grade A 2021 final result is out for all streams covered under PFRDA Grade A recruitment 2021.

PFRDA Officer Grade A (Finance & Accounts) 2021 Exam Highlights

Conducting BodyPFRDA
Exam Name PFRDA Officer Grade A (Finance and Accounts)
Official Website www.pfrda.org.in
Exam Type Central Level
Mode of Exam Online
Phases Three Stages-
  • Phase 1- Online Screening Examination
  • Phase 2-Online Examination
  • Phase 3- Interview
Number of Questions / Marks Phase 1 (Two Stages)-
  • Paper 1 (All Streams) - 80 MCQ's / 100 Marks
  • Paper 2 (Finance and Accounts) - 50 MCQ's / 100 Marks
Phase 2 (Two Stages)-
  • Paper 1 (All Stream) - 3 Descriptive questions
  • Paper 2 (Finance and Accounts) - 50 MCQ's / 100 Marks
Exam Duration Two Stages-
  • Phase 1 (All stream) - 60 Minutes
  • Phase 2 (All stream) - 40 Minutes
Online Examination and Payment of Fee August 13, 2021 to September 16 ,2021
Number of Vacancy 2 (More Detail)
Official Notification PDF Click Here
PFRDA Officer Grade A (Assistant Manager)
Phase 2 Online Examination
December 19, 2021 [CLICK HERE]
PFRDA Officer Grade A (Assistant Manager)
Final Result
Click Here

Exam Pattern

The PFRDA Grade A exam pattern comprises of the following three phases.

  • Phase 1
  • Phase 2
  • Phase 3

PFRDA Grade A Phase 1 Exam Pattern

PFRDA Grade A exam pattern for Finance Phase 1 will be a multiple-choice online exam. It consists of two papers - Paper 1 and Paper 2. PFRDA Grade A exam pattern for Finance Phase 1- Paper 1 consist of four sections and is common for all streams. Phase 1- Paper 2 will have questions related to the respective stream you have applied for. Detailed PFRDA Grade A exam pattern 2021 for Phase 1 - Paper 2 can be obtained from the table below.

PaperStream / SubjectMaximum MarksNumber of QuestionsTime Duration
Paper 1
All Stream: Multiple choice questions on the subjects
English Language 25 20 60 minutes
Quantitative Aptitude 25 20
Test of Reasoning 25 20
General Awareness (including some questions related to financial sector) 25 20
Total 100 80  
Finance & Accounts Stream: Multiple choice questions on Specialised subject related to stream. 100 50 40 minutes  

Phase 1 will be qualifying in nature and the marks scored by you will not be taken in account for preparing the final merit list. You will attract a penalty of 1/4th of marks for each wrong answer you attempt.

PFRDA Grade A Phase 2- Exam Pattern

PFRDA Grade A mains exam pattern or Phase 2 again consists of two papers Paper 1 and Paper 2. Paper 1 is of descriptive English and is common for all streams while Paper 2 is subject related. PFRDA Assistant Manager exam pattern for Finance Phase 2 - Paper 2 is a multiple-choice question. You have to secure separate cut-offs in each paper as well as overall cut-off marks in PFRDA Grade A Phase 2 to get into the next stage. Further details on PFRDA Grade A exam pattern 2021 is given in the table below.

PaperStream / SubjectMaximum MarksNumber of QuestionsTime Duration
Paper 1 All Stream: English (Descriptive Test) to test the drafting skills 100 3 60 minutes
Paper 2 Finance & Accounts Stream: Multiple choice questions on Specialised subject related to stream. 100 50 40 minutes

Interview

You will be shortlisted for PFRDA Grade A 2021 Phase 3 i.e Interview based on your performance in the Phase 2 exam. The interview can be given in Hindi or English as per your convenience. The Phase 2 Online marks holds a weightage of 85%, while Interview has a weightage of 15%.

Syllabus

To make your work easier and faster we are providing you with the complete PFRDA Grade A syllabus for Finance Stream. The PFRDA Grade A syllabus 2021 for Finance is mentioned below in detail.

Phase 1 - Paper 1 Syllabus

PFRDA Grade A syllabus for Finance stream Phase 1-Paper 1 comprises English Language, Reasoning, General Awareness, and Quantitative Aptitude. The detailed PFRDA Grade A exam syllabus for Finance Phase 1- Paper 1 can be get from syllabus dedicated page.

SectionTopics
English Language Anonyms, Homonyms, Antonyms, Spelling, Word formation, Idioms and phrases, Fill in the suitable words, Grammar, Spotting errors, Sentence correction, Active/ passive voice, Phrases and idioms, Direct and indirect speech, Reading Comprehension, Passage completion, Theme detection, Deriving conclusion, Rearrangement of passage
Quantitative Aptitude Simplification and approximation, Number Series, Quadratic Equation, Number System / HCF & LCM, Ratio and Proportion, Average, Partnership, Ages, Percentage, Profit & Loss, Time, Speed & Distance, Problems on Trains, Boat and Stream, Time & Work / Pipes and Cisterns, Simple and Compound Interest, Mixture & Allegations, Permutation and Combination, Probability, Data Interpretation (DI), Caselet DI and Data Sufficiency
Reasoning Analogy, Classification, Word formation, Statement and conclusions, Syllogism, Statement and assumptions, Statement and arguments, Coding decoding, Blood relations, Passage and conclusions, Alphabet test, Series test, Number, ranking and time sequence, Direction sense test, Decision-making test, Figure series, Input/output, Assertion and reasoning, Sitting arrangement, Odd figure out, Analogy, Series test, Miscellaneous test
General Awareness Monetary Policies, Banking and Financial Awareness, Economic Terms, Current Affairs, Static GK, Financial and Economic News, Government Schemes. Agreement & Deals, Banking Terms- rates & processes, National Institutions

Phase 1- Paper 2 Syllabus

PFRDA Grade A 2021 syllabus for Finance stream Phase 1- Paper 2 consist of multiple choice questions from Finance related domain. The detailed syllabus is mentioned below.

Phase 2 - Paper 1 Syllabus

PFRDA Grade A 2021 syllabus for Finance stream Phase 2- Paper 2 consist of various types of letter format and easy writing skills. Details can be inferred from PFRDA Grade A exam syllabus page.

SectionTopics
English Writing Skills Precis Writing , Essay Writing , Comprehension

Phase 2 - Paper 2 Syllabus

The PFRDA Assistant Manager syllabus for Finance stream Phase 2- Paper 2 is again a multiple choice question paper just like Phase 1- Paper 2. The difference lie in the question difficulty level.

SectionTopics
The Basic Financial Statement
  • Trial Balance
  • Balance Sheet,Cash Flow Statement,Income Statement
  • Analysis of Financial Statement Ratio,Break Even Analysis,IND AS,Standard on Auditing
  • Cost accounting concepts (basics)
  • Marginal costing,Cost volume profit analysis,Cost sheet,Forecasting
  • Managment accounting
  • Cost of capital,Capital structure,Capital budgeting,Sources of finance,Corporate accounting
  • Business Law
  • Negotiable instruments,Contract act,Partnership act,Company law (Go through all these laws with amendments)
  • Income Tax Act,GST,Knowledge of IT and Digital Transaction,Compliance of KYC Norms,Financial System : Role and Functions of Regulatory bodies in Financial Sector,Financial Markets: Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.
  • General Topics
  • Basics of Derivatives: Forward, Futures and Swap,Recent Developments in the Financial Sector,Financial Inclusion- use of technology,Alternate source of finance, private and social cost-benefit, Public-Private Partnership,Direct and Indirect taxes; Non-tax sources of Revenue, Finance Commission, Fiscal Policy, Fiscal ,Responsibility and Budget Management Act (FRBM),Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends,Economics: Capital market, Money market, Micro and macro economics concepts and Updates related to money market and RBI policies

Books

Books make or break your exam preparation. To assist you with the PFRDA Grade A exam 2021 preparation, some important PFRDA Grade A 2021 books are mentioned below.

PaperBooksAuthor/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 of Management LN Prasad
Organisational Behaviour SP Robins
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
English Descriptive Descriptive English S.P. BAKSHI
151 Essays S.C Gupta
Letter writing S.C Gupta
Computer Awareness Objective Computer Awareness S.N. Prasad/Kiran Publication
Objective Computer Awareness for General Competitive Exams Pillai/Arihant Publication

Exam Calendar

PFRDA Grade A exam notification contains all the important information like application link, exam dates, admit card, and other details. The PFRDA Grade A Phase 2 exam was held on December 19, 2022. Also if you belong to a reserved category, you can avail of pre-examination training whose dates will be announced in due course. 

PFRDA Grade A Phase 2 results have been announced on January 14, 2022!! PFRDA has released the list of roll numbers of the shortlisted candidates for PFRDA Grade A -Phase 3 (Interview) for all streams. The interview for PFRDA Grade A 2021 is scheduled to take place between January 24 - February 02, 2022.

For further details on PFRDA Grade A exam schedule 2021, refer to the table below.

PFRDA Officer Grade A (Assistant Manager) Exam Dates 2021

EventsExam Dates
PFRDA Officer Grade A Online Application and Payment of fee August 13, 2021 to September 16, 2021
PFRDA Officer Grade A Availability of Call Letters October 05 to 17, 2021 [CLICK HERE]
PFRDA Officer Grade A Online Examination (Phase I) October 17, 2021
PFRDA Officer Grade A (Assistant Manager) Phase 1 (Online Examination) Result November 24, 2021 [CLICK HERE]
PFRDA Officer Grade A (Assistant Manager) Phase 2 Online Examination December 19, 2021 [Click Here]
PFRDA Officer Grade A (Assistant Manager)
Phase 2 (Online Examination) Result
January 14, 2022 [CLICK HERE]
PFRDA Officer Grade A (Assistant Manager)
Phase 3 (Interview) Dates
January 24, 2022 to February 02, 2022
PFRDA Officer Grade A (Assistant Manager)
Final Result
Click Here

Eligibility

In order to be eligible for the PFRDA exam, you must satisfy the PFRDA Grade A eligibility criteria. You must possess a Graduate degree in the respective stream in order to apply for the exam. There is no minimum percentile criteria. Further details on the PFRDA Grade A qualification can be inferred from the table below.

StreamEducational Criteria
Finance and Accounts
  • Graduation from a recognized university Associate Chartered Accountant (ACA) or Fellow Chartered Accountant (FCA) from ICAI (Institute of Chartered Accountants of India).
  • Associate Cost and Management Accountant (ACMA) [while Associate of Institute of Cost & Works Accountant of India (AICWA)] or Fellow Cost and Management Accountant (FCMA) [ erstwhile Fellow of Institute of Cost & Works Accountant of India (FICWA)] from Institute of Cost Accountants of India (ICMAI) [while Institute of Cost & Works.
  • Accountants of India (ICWAI)] / Associate Company Secretary (ACS) or Fellow Company Secretary (FCS) from Institute of Company Secretaries of India (ICSI) / Chartered Financial Analyst (CFA) from CFA Institute.

You need to lie within the prescribed PFRDA Grade A 2021 age limit. The PFRDA Grade A notification also state the PFRDA Grade A 2021 age relaxation for the reserved categories and PwBD candidates.

Vacancy

There are a total of 02 PFRDA Grade A vacancies for the Finance and Account stream. Vacancy are further divided between general and reserved categories. To know detailed PFRDA Grade A vacancies in Finance stream, check the table below.

StreamNumber of PostsOut of which PwBDTotal Posts
SCSTOBCEWS UR/ GEN
Finance & Accounts - - 01 - 01 - 02

Salary

The PFRDA Grade A salary pay scale is Rs. 28150-1550(4)-34350-1750(7)-46600- EB1750(4)-53600- 2000(1)-55600 (17 years). Besides this, various allowances such as Leave Fare Concession, Medical Expenses, Personal Accident Insurance, Education Allowance, Staff Furnishing Scheme and other benefits are given. The current CTC of PFRDA Grade A Officer at present is approximately Rs 18 lacs per annum. You will be on a probation of one year from the date of your joining.

PostSalary
PFRDA Grade A (Assistant Manager)
  • Pay Scale- Rs. 28150-1550(4)-34350-1750(7)-46600- EB1750(4)-53600- 2000(1)-55600 (17 years)
  • Annual Income - 18 lacs per annum approximately

Besides this, a qualification allowance will be paid to you as per your qualification. As per the official notification, you will be eligible for Rs 3500 per month in case you have completed ACA / ACMA (erstwhile AICWA) / ACS/ CFA.

Courses for you


PFRDA Grade A (Finance & Accounts) Free Mock Tests

PFRDA Grade A (Assistant Manager) 2021 Phase I Paper 1 Mock Test 5

PFRDA Grade A (Assistant Manager) 2021 Phase I Paper 1 Mock Test 5

  • 60 Minutes
  • 80 Questions
  • 100 Marks
PFRDA Grade A (Assistant Manager) 2021 Phase I Paper 1 Mock Test 4

PFRDA Grade A (Assistant Manager) 2021 Phase I Paper 1 Mock Test 4

  • 60 Minutes
  • 80 Questions
  • 100 Marks
PFRDA Grade A (Assistant Manager) 2021 Phase I Paper 1 Mock Test 3

PFRDA Grade A (Assistant Manager) 2021 Phase I Paper 1 Mock Test 3

  • 60 Minutes
  • 80 Questions
  • 100 Marks
PFRDA Grade A (Assistant Manager) 2021 Phase I Paper 1 Mock Test 2

PFRDA Grade A (Assistant Manager) 2021 Phase I Paper 1 Mock Test 2

  • 60 Minutes
  • 80 Questions
  • 100 Marks

PFRDA Grade A (Finance & Accounts) Previous Year Paper

PFRDA Assistant Manager Grade A 2020 Previous Year Paper

PFRDA Assistant Manager Grade A 2020 Previous Year Paper

  • 150 Minutes
  • 190 Questions
  • 200 Marks
PFRDA Assistant Manager Grade A 2017 Previous Year Paper Phase 1

PFRDA Assistant Manager Grade A 2017 Previous Year Paper Phase 1

  • 120 Minutes
  • 200 Questions
  • 200 Marks

FAQs

There is no restriction on the number of attempts in the PFRDA Grade A 2021 Exam.
Yes, the PFRDA Grade A 2021 Exam is bilingual i.e, Hindi & English except in the English Language section where question will be available only in English.
The final merit list will be prepared taking into account the marks scored by an individual in PFRDA Grade A Phase 2 and Interview. Phase 2 will have a weightage of 85% and Interview will hold 15% weightage.
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