IFSCA Grade A Syllabus
IFSCA Grade A Syllabus & IFSCA Grade A Exam Pattern are mentioned in the official notification. It is very important to know the syllabus and exam pattern well in advance so that the candidates can move their preparation in the right direction using the right strategies. In this blog, we have covered both the IFSCA Grade A Syllabus & IFSCA Grade A Exam Pattern in detail for both phases.
IFSCA Grade A Exam Pattern 2024
IFSCA Grade A Recruitment will be conducted in the following 3 phases-
- Phase 1: Online Exam (Preliminary)
- Phase 2: Online Exam (Mains)
- Phase 3: Interview
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IFSCA Grade A Exam Pattern 2024 - Phase 1
The Phase 1 exam is divided into two papers where paper 1 will be common for all the streams and paper 2 will be specific to the streams. Check the IFSCA Grade A Phase 1 detailed pattern below:
| Paper | Stream/Subjects | Maximum Marks | Duration | Cut Off |
|---|
| Paper 1 | Multiple choice questions:
(a) General Awareness (financial sector) -25 questions X 1 mark each
(b) English language –25 questions X 1 mark each
(c) Quantitative Aptitude –25 questions X 1 mark each
(d) Test of Reasoning-25 questions X 1 mark each | 100 | 60 minutes | 30% |
|---|
| Paper 2 | For General Stream
Multiple choice questions on 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 questions X 2 marks each) | 100 | 60 minutes | 40% |
|---|
| Paper 2 | Legal Stream
Multiple choice questions on Specialized subject related to stream | 100 | 60 minutes | 40% |
|---|
| Aggregate Cut-Off | - | - | - | 40% |
|---|
Download IFSCA Grade A Study Plan PDF
- There shall 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 a minimum of 40% for Paper 2 in Phase I.
- Candidates would need to secure a separate cut-off in each paper as mentioned as well as aggregate cut-off marks of 40% in the Phase I exam to be shortlisted for Phase II. Marks obtained in Phase I shall be used only for shortlisting the candidates for the Phase II examination process and will not be counted for the final selection of the candidates.
IFSCA Grade A Exam Pattern 2024 - Phase 2
IFSCA Grade A Phase 2 Exam Pattern is divided into two papers where Paper 1 will be of English and it will be descriptive in nature. Paper 2 will be MCQ relevant to the stream. The phase 2 exam pattern have been discussed in detail below:
| Paper | Streams/Subjects | Maximum Marks | Duration | Cut Off | Weightage |
|---|
| Paper 1 | English (Descriptive Test)
(a) Precis Writing – 35 marks
(b) Essay writing – 30 marks
(c) Comprehension- 35 marks | 100 | 60 minutes | 30% | 1/3rd |
|---|
| Paper 2 | General Stream
Multiple choice questions on subjects like IFSCA Act, Union Budget, Economic Survey, Banking, Capital Market, Insurance, Pension Funds, Bullion, GIFT City, GIFT IFSC, IFSCA, Global Financial Centres etc. (50 questions X 2 marks each) | 100 | 60 minutes | 40% | 2/3rd |
|---|
| Paper 2 | Legal Stream
Multiple choice questions on Specialized subject related to stream | 100 | 60 minutes | 40% | 2/3rd |
|---|
| Aggregate Cut-Off | - | - | - | 40% | - |
|---|
- There shall be a negative marking (1/4th of marks assigned to the question) for Paper 2 in Phase II
- Candidates would need to secure separate cut-offs in each paper as mentioned and aggregate cut-off marks of 40% in the Phase II exam (weightage of 1/3rd for Paper 1 and 2/3rd for Paper 2) to be shortlisted for Phase III.
- Subject to the criteria mentioned above, candidates equaling 3 times the number of vacancies shall be shortlisted, in order of merit, for Phase III i.e. the Interview. A list of candidates shortlisted for Interviews will be made available on the IFSCA website.
For the complete preparation of IFSCA, we have come up with IFSCA Grade A Online Courses 2024 where we have covered everything that an aspirant needs, so do not forget to check it out.
IFSCA Grade A Interview 2024
Only the shortlisted candidates will be called for the interview. The application fee shall not be refunded to the candidates not shortlisted for Phase II and Interview. The weightage of marks obtained in Phase II will be 85%, while marks obtained in the interview shall be given a weightage of 15%.
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IFSCA Grade A Syllabus 2024
The candidates can check out the detailed IFSCA Grade A Syllabus 2024 for both phases in the below subsections.
IFSCA Grade A Syllabus 2024 - Phase 1 Paper 1
English Language, Quantitative Aptitude, Reasoning, and General Awareness are the subjects that are included in Paper 1. Check IFSCA Assistant Manager Syllabus 2024 for Phase 1 Paper 1 below.
| Subjects | Syllabus |
| English Language | Reading Comprehension
Vocabulary
Synonyms & Antonyms
Fillers
Error Detection
Sentence Rearrangement
Word Swap
Idioms & Phrases |
| Quantitative Aptitude | HCF and LCM
Simplification
Approximation
Quadratic Equation
Percentage
Ratio & Proportion
Profit & Loss
Time & Distance
Average
Simple Interest
Compound Interest
Mensuration
Problems on Trains
Mixtures & Allegation
Probability
Permutation & Combination
Indices and Surds
Partnership
Boats & Streams |
| Reasoning | Arithmetical Reasoning
Puzzle
Direction Sense Test
Alpha-Numeric Series
Logical Reasoning
Data Sufficiency
Venn Diagrams
Analogy
Clocks & Calendars
Coding Decoding
Passage Based Deriving Conclusions
Statement – Conclusions
Coding-Decoding
Number, Ranking & Time Sequence
Statement – Arguments |
| General Awareness | 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 |
IFSCA Grade A General Stream Syllabus 2024 - Phase 1 Paper 2
This year, the vacancies have been released for both legal and general streams. Let's check out the IFSCA Grade A Syllabus for Paper 2 of Phase 1:
IFSCA Grade A General Stream Syllabus (Phase 1 Paper 2)
Topics | IFSCA Grade A Detailed Syllabus |
| General knowledge | Current events of national and international importance |
| Economic and social development (sustainable development, poverty, inclusion, and demographics) | (i) Growth and Development
a) Measurement of growth: National Income and per capita income
b) Poverty Alleviation and Employment Generation in India
c) Sustainable Development and Environmental issues.
(ii) Social Structure in India
a) Multiculturalism
b) Demographic Trends
c) Urbanisation and Migration
d) Gender Issues – Social Justice |
| Commerce and Accountancy | (i) Accounting as a financial information system;
(ii) Accounting Standards with specific reference to Accounting for Depreciation,
Inventories, Revenue Recognition, Fixed Assets, Foreign Exchange Transactions,
Investments.
(iii) Cash Flow Statement, Fund flow statement, Financial statement analysis; Ratio analysis;
(iv) Accounting for Share Capital Transactions including Bonus Shares, Right Shares.
(v) Employees Stock Option and Buy-Back of Securities.
(vi) Preparation and Presentation of Company Final Accounts |
| Management | (i) Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and Controlling;
(ii) The Role of a Manager in an Organization. Leadership: The Tasks of a Leader;
(iii) Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader.
(iv) Human Resource Development: Concept of HRD; Goals of HRD;
(v) Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale.
(vi) Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology.
(vii)Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance |
| Finance | (i) Financial System
a) Role and Functions of Regulatory bodies in Financial Sector
(ii) Financial Markets
a) Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.
(iii) General Topics
a) Basics of Derivatives: Forward, Futures and Swap
b) Recent Developments in the Financial Sector
c) Financial Inclusion- use of technology
d) Alternate source of finance, private and social cost-benefit, Public-Private Partnership
e) Direct and Indirect taxes; Non-tax sources of Revenue, GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM),
f) Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends.
g) Financial Risk Management |
| Costing | (i) Overview of Cost and Management Accounting - Introduction to Cost and Management Accounting, Objectives and Scope of Cost and Management Accounting.
(ii) Methods of Costing - Single Output/ Unit Costing, Job Costing, Batch Costing, Contract Costing, Process/ Operation Costing, Costing of Service Sectors.
(iii) Basics of Cost Control and Analysis - (i) Standard Costing, (ii) Marginal Costing, (iii) Budget and Budgetary Control. (iv) Lean System and Innovation:-
a) Introduction to Lean System
b) Just-in-Time (JIT)
c) Kaizen Costing
d) 5 Ss
e) Total Productive Maintenance (TPM)
f) Cellular Manufacturing/ One-Piece Flow Production Systems
g) Six Sigma (SS)
h) Introduction to Process Innovation and Business Process Re-engineering (BPR) |
| Indian Economy & Global Economy | (i) 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
(ii) Balance of Payments, Foreign Exchange Markets, Inflation, Monetary and Fiscal Policy, Non-banking Financial Institutions.
(iii) Role of International Financial Institutions: BIS, IOSCO, IMF & World Bank. |
| Central Government's initiatives/ Schemes in the financial sector | - |
IFSCA Grade A Legal Stream Syllabus 2024 - Phase 1 Paper 2
This year the vacancies have been released for Legal Stream as well, check out the detailed syllabus below:
| IFSCA Grade A Legal Stream Syllabus (Phase 1 Paper 2) |
| Constitution of India – Preamble, Part I, Part III, Part IV, Part IVA, Part V, Part VI, Part VIII, Part IXA, Part IXB, Part XI. |
| Contract Law – Indian Contract Act, 1872; Sale of Goods Act, 1930; Indian Partnership Act, 1932; Specific Relief Act, 1963. |
| Code of Civil Procedure, 1908 – (Part I, Part II, Part III, Part IV, Part V, Part VII, Schedule 1) |
| The Limitation Act, 1963 |
| Transfer of Property Act, 1882 – Chapter III, Chapter IV, Chapter V. |
| Arbitration and Conciliation Act, 1996 – Part I |
| Administrative Law |
| Jurisprudence and Interpretation of Statutes |
| Important Latin terms and maxims |
| Law of Torts and Consumer Protection Act, 2019 |
IFSCA Grade A Syllabus 2024 - Phase 2 Paper 1
Phase 2 will be descriptive as well as objective tests. Paper 1 will be descriptive in nature. Candidates will have to attempt essays, comprehension, and precis.
IFSCA Grade A General Stream Syllabus 2024 - Phase 2 Paper 2
The paper 2 of IFSCA Phase 2 will have MCQs. The detailed IFSCA Grade A General Stream Syllabus for Phase 2 Paper 2 is below:
| IFSCA Grade A General Stream Syllabus 2024 - Phase 2 Paper 2 |
| IFSCA Act, IFSCA, IFSC, GIFT IFSC, GIFT City and Global Financial Centres |
| Union Budget — Concepts, approach and broad trends & Economic Survey |
Banking
(i) Structure and Functions of Financial Institutions
(ii) Functions of Reserve Bank of India
(iii) Banking System in India – Structure and Developments, Financial Institutions –
SIDBI, EXIM Bank, NABARD, NHB, NaBFID etc.
(iv) Recent Developments in Global Financial System and its impact on Indian Financial
System
(v) Role of Information Technology in Banking and Finance
(vi) Non-Banking System
(vii)Developments in Digital Payments |
Capital Market
(i) Role and Functions of Regulatory bodies in Financial Sector.
(ii) Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions,
instruments, recent developments
(iii) Basics of Derivatives: Forward, Futures and Swap
(iv) Spot and Derivative market of Precious Metals |
Insurance
(i) History of Indian Insurance, principles of Insurance;
(ii) Risk and uncertainty, pooling and diversification of risk, Indemnity and Insurable
interest;
(iii) Legal foundations of Insurance, basics in Group/Health Insurance/Pensions;
Intermediation: role in mobilising savings, evolution of various types and Bancassurance in India;
(iv) Functions performed by Insurers: Product design, pricing, distribution, underwriting,
claims, Investment and Reinsurance;
(v) Insurance lines and products: Property-Liability, Life Insurance and Annuities and
Health Insurance; Liability risks and Insurance, valuation and Solvency requirements,
Specialist Insurance lines in India - Agricultural and Export Credit Guarantee; Reinsurance, GIC of India, obligator sessions and retention of risk within the Country. |
Pension Sector
(i) Status of pension sector in India
(ii) Types of retirement schemes in India and their features
(iii) National Pension System
(iv) Atal Pension Yojana
(v) Annuity Plans
(vi) Basics of investment |
IFSCA Grade A Legal Stream Syllabus 2024 - Phase 2 Paper 2
The paper 2 of IFSCA Phase 2 will have MCQs. The detailed IFSCA Grade A Legal Stream Syllabus for Phase 2 Paper 2 is below:
| IFSCA Grade A Legal Stream Syllabus 2024 - Phase 2 Paper 2 |
| 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 |
| Corporate Law – Companies Act, 2013; Limited Liability Partnership Act, 2008; Insolvency and Bankruptcy Code, 2016 (Part I, Part II) |
IFSCA Act and the following Acts:
1. Reserve Bank of India Act,1934
2. Insurance Act, 1938
3. Banking Regulation Act, 1949
4. Securities Contracts (Regulation) Act,1956
5. Deposit Insurance and Credit Guarantee Corporation Act, 1961
6. General Insurance Business (Nationalisation) Act, 1972
7.Securities and Exchange Board of India Act, 1992
8. Depositories Act, 1996
9. Insurance Regulatory and Development Authority Act, 1999
10. Foreign Exchange Management Act, 1999
11. Credit Information Companies (Regulation) Act, 2005
12. Government Securities Act, 2006
13. Payment and Settlement Systems Act, 2007
14. Pension Fund Regulatory and Development Authority Act, 2013
15. Factoring Regulation Act, 2011 |
IFSCA Grade A Syllabus PDF
The IFSCA Grade A syllabus PDF outlines the comprehensive curriculum for the Grade A officer exam conducted by the International Financial Services Centres Authority (IFSCA). e. Aspiring candidates can utilize this document to prepare effectively for the exam, ensuring a solid understanding of the IFSCA Grade A Detailed Syllabus.
Download IFSCA Grade A Syllabus PDF
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