The International Financial Services Centres Authority (IFSCA) is a statutory regulatory organization created by an Act of Parliament to develop and oversee the financial services sector in India’s IFCs. The IFSC Authority has been given the authority to exercise the functions of the RBI, SEBI, IRDAI, and PFRDA in relation to financial institutions, financial products, and financial services in the IFSC.
GET IFSCA Grade A Free Mock Test & Analyze Your Performance
Phase I Online Exam
| Paper | Streams/ Subjects | Maximum Marks | Duration | Cut off |
| Paper 1 | Multiple choice questions general awareness (financial sector) -25 questions X 1 mark each English language – 25 questions X 1 mark each Quantitative Aptitude – 25 questions X 1 mark each Test of Reasoning- 25 questions X 1 mark each | 100 | 60 minutes | 30% |
| Paper 2 | 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% |
| Aggregate Cut off | 40% |
Note:
- For Papers 1 and 2 in Phase I, there will be negative markings (1/4 of the total marks assigned to the question).
- In Phase I, there must be a cut-off of at least 30% for Paper 1 (there cannot be a sectional cut-off) and at least 40% for Paper 2.
- To be selected for Phase II, candidates must achieve distinct cut-offs for each paper, as specified in (ii) above, as well as an overall exam score of 40%. The shortlisting of candidates for the Phase II examination process will solely use their Phase I marks; they will not be taken into account for the final candidate selection.
- All of the candidates who pass Phase I will be shortlisted for Phase II, subject to the criteria indicated in Step 3 above. On the IFSCA website, a list of the applicants chosen for Phase II will be made public.
- All test questions, with the exception of the English portion, will be bilingually written in Hindi and English.
Phase II On-Line Examination:
| Paper | 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 | 60minutes | 30% | 1/3rd |
| Paper 2 | 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 | 60minutes | 40% | 2/3rd |
| Aggregate Cut off | 40% |
Note:
- New Hall Tickets will be distributed to candidates who have been selected for Phase II.
- For Paper 2 in Phase II, there will be a negative marking (1/4 of the total marks will be deducted from the question).
- In Phase II, there must be a least 30% cutoff for Paper 1 and a minimum 40% cutoff for Paper 2.
- To be shortlisted for Phase III, candidates would need to achieve separate cut-offs in each paper as previously specified as well as an overall cut-off mark of 40% in the Phase II exam (weightage of 1/3 for Paper 1 and 2/3 for Paper 2).
- In accordance with the aforementioned requirements, applicants who are equivalent to three times the number of openings will be shortlisted in order of merit for Phase III, or the interview. On the IFSCA website, a list of applicants who have been chosen for interviews will be made available.
- All test questions, with the exception of the English portion, will be bilingually written in Hindi and English.
Interview:
Only those who have made the shortlist will be contacted for an interview. Candidates who are not selected for Phase II and the interview will not receive their application fee back. The weighted average for Phase II scores will be 85%, while the weighted average for the interview will be 15%.
GET IFSCA Grade A Free Mock Test & Analyze Your Performance
SERVICE CONDITIONS/ PAY AND ALLOWANCES:
Probation: The successful applicants hired for the position of Officer Grade “A” will serve a two-year probationary period. Subject to the candidates’ acceptable performance throughout the probationary period, they will be confirmed in the IFSCA’s services.
Pay: The pay scale of officers in Grade A is Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)- 89150 (17 years). Presently, the gross emolument including IFSCA’s Contribution towards the National Pension Scheme (NPS), Grade Allowance, Special Allowance, Dearness Allowance, Family Allowance, Local Allowance, etc. at the minimum of this scale is approx. Rs. 1,43,000/- p.m..
Benefits: Other benefits include the Leave Fare Concession Program, Medical Expenses Program, Eye Refraction Program, Education Allowance, Financial Dailies Program, Book Grant Program, Briefcase Program, Conveyance Expenses Program, House Cleaning Allowance Program, Staff Furnishing Program, Computer Purchasing Program, Subsidized Lunch Program, and All Other Benefits As Admissible To An Officer In Grade A In IFSCA.
Posting: The incumbent may be posted and relocated to any location where IFSCA has offices, whether that location is in India or abroad. The hired police may be assigned to any IFSCA department.
Detailed Syllabus For IFSCA Grade A (Assistant Manager)
Economic and Social Issues
- Basics of Economy
- Economic Growth and Development
- Economic History of India
- Economic Planning
- Rural & Agrarian Economy of India
- Industrial and Services Sector
- Balance of Payments
- Economic Reforms and Economic Policies
- Taxes & Fiscal policy
- Inflation & Monetary Policy
- Public Finance and Political Economy
- Unemployment
- Poverty and Poverty Alleviation Programs
- Sustainable Development & Environment
- International Economic Institutions
- Regional Economic Cooperation
- Social Structure and Demography of India
- Gender Issues
- Social Justice
- Education
- Health
Management
- Introduction to Management
- Functions of Management
- Organizational Behaviour
- Organisational Change & Development
- Personality
- Motivation
- Leadership
- Communication
- Conflict
- Human Resource Development
- Ethics
- Corporate Governance
Finance
- Financial Management And System
- Indian Financial System and its Regulation
- Financial Markets: Capital Market, Money Market and Forex Market
- Capital Market
- Money Market
- Forex Market
- Indian Banking System and Global Standards
- Alternative Source of Finance
- Taxation: Direct, Indirect
- Inflation
- Recent Developments in Financial Sector
- Financial Inclusion
Costing
- Overview of Cost and Management Accounting
- Material Cost
- Labour Cost
- Overheads: Absorption Costing
- Activity Costing
- Cost Sheet
- Cost Accounting Systems
- Methods of Costing
- Cost Control and Analysis
- Lean System
Accounts
- Basics of Accounting
- Accounting As A Financial Information System
- Accounting Standards
- Cash Flow & Fund Flow Statements
- Financial Statement Analysis & Ratios
- Accounting for Share Capital Transactions
- Employees’ Stock Option and Buy-Back
GET IFSCA Grade A Free Mock Test & Analyze Your Performance
- Sign Up on Practicemock for Updated Current Affairs, Free Topic Tests and Free Mini Mocks
- Sign Up Here to Download Free Study Material
Free Mock Tests for the Upcoming Exams
- RRB PO 2024 Free Mock Test
- RRB Clerk 2024 Free Mock Test
- SSC MTS Free Mock Test
- SSC CHSL Free Mock Test
- SSC CGL Free Mock Test
- GATE Mechanical Free Mock Test
- GATE Civil Free Mock Test
- NABARD Gr. A Free Mock Test
- SBI Clerk Mains Free Mock Test
- SSC CPO Free Mock Test
- AFCAT Free Mock Test
- CAT Free Mock Test
- NIACL Assistant Free Mock Test
- UIIC AO Free Mock Test
- UIIC Assistant Free Mock Test
- GIC Assistant Manager Free Mock Test
- NICL AO Free Mock Test
- Free SSC Live Test
- UPSC CSAT Free Mock Test
- CDS-I Free Mock Test
- RRB ALP Free Mock Test