The International Financial Services Centres Authority (IFSCA) successfully conducted the Grade A Phase 2 Exam 2025 today. This stage is crucial as it determines candidates’ eligibility for the interview round. Based on student feedback and review of the question paper, here is the detailed IFSCA Grade A Phase 2 Exam Analysis 2025, including section-wise review, difficulty level, and expected scoring benchmarks.
Lets’ take a look at the difficulty level of each section of the IFSCA Grade A Phase 2 exam 2025:
| Paper Section | Difficulty Level |
| Paper 1: Essay Writing | Moderate |
| Paper 1: Précis Writing | Easy to Moderate |
| Paper 1: Reading Comprehension | Moderate to Tough |
| Paper 2: Finance | Moderate |
| Paper 2: Insurance | Easy to Moderate |
| Paper 2: Pension & Schemes | Moderate |
| Paper 2: Budget & Economic Survey | Moderate |
| Overall | Moderate |
Overall Paper 1 Assessment:
Essay and précis were manageable, but RC raised the difficulty. A score above 60/100 is a good benchmark.
Overall Paper 2 Assessment:
Balanced and moderate. Scoring above 70/100 is advisable for interview shortlisting.
Candidates’ feedback shows that the IFSCA Grade A Phase 1 exam questions were of moderate difficulty. The exam is conducted in multiple phases. Phase 1 is an online test and acts as a screening stage. Only those who clear it can move to the next phase. So, clearing Phase 1 is very important.
The Reasoning and Quantitative Aptitude sections were challenging for some candidates, as they needed more time for calculations and thinking. The English section was easier. General Awareness was also manageable, especially for those who prepared financial updates well. Overall, the IFSCA Grade A 2025 Phase 1 exam was moderate.
Take a look at the table below for section-wise difficulty levels.
| Paper | Section | Difficulty Level |
| Paper 1 | General Awareness | Easy to Moderate |
| Paper 1 | English Language | Easy to Moderate |
| Paper 1 | Quantitative Aptitude | Moderate |
| Paper 1 | Reasoning | Moderate to High |
| Paper 2 | Economics | Moderate |
| Paper 2 | Finance | Easy to Moderate |
| Paper 2 | Management | Moderate |
| Paper 2 | Costing & Accounts | Moderate to Tough |
| Overall | All Sections | Moderate |
The IFSCA Grade A 2024 Phase 1 exam was a well-balanced test, challenging candidates across various sections. While the Reasoning and Quantitative Aptitude sections tested candidates’ problem-solving skills under time pressure, the English and General Awareness sections provided opportunities to score.
Below is the IFSCA Grade A Phase 1 Exam Analysis 2025 for the Reasoning Ability section. Check out the topics and the number of questions that were asked in the exam:
| Section | Key Topics | Difficulty Level |
| Reasoning Ability | Sitting arrangement, Complex puzzles, Inequalities, Analytical reasoning | Moderate to High |
Below is the IFSCA Grade A Phase 1 Exam Analysis 2025 for the General Awareness section. Check out the topics that attracted questions in the exam:
| Section | Topics | Difficulty Level |
| General Awareness / Current Affairs | Three months’ current affairs, Finance & regulatory headlines (NBFCs, G20, major reports) | Moderate |
Below is the IFSCA Grade A Phase 1 Exam Analysis 2025 for the English language. Check out the topics and the number of questions that become part of the exam:
| Section | Key Topics | Difficulty Level |
| English Language | Reading comprehension, Vocabulary-based fill-in-the-blanks, Double fillers | Moderate |
Below is the IFSCA Grade A Phase 1 Exam Analysis 2025 for the Quantitative Aptitude section. Given below are the topics that made their way to the exam:
| Section | Topics | Difficulty Level |
| Quantitative Aptitude | Number series, Missing numbers, Simple interest, Partnership, Averages, Income/Expenditure | Moderate |
Paper 2 goes deeper into specialized subjects, covering finance, economics, management, costing, and accounts. The paper had a mix of moderate and tough sections, requiring a deeper understanding and applied knowledge.
Questions focused on concepts like the LM curve, market demand, investment multiplier, and national income. Many themes were repeated from previous years, like sustainable development goals, highlighting the importance of PYQs. The questions were a mix of conceptual and straight factual ones, with moderate overall difficulty.
This section had one-liner questions on practical finance, including NPCI, IMPS, Inclusion Index, derivatives, risk management, and monetary policy tools. It was easier than economics, with mostly direct concepts and clear definitions. Regular revision of key finance topics and definitions helped a lot.
Covered motivation theories, leadership styles, HRD, planning, corporate governance, and ERP. Questions often had longer statements or slightly tweaked options, which made some items confusing. Many required differentiating between closely related management principles and practices.
This section leaned moderate to tough, testing candidates on capital gearing ratio, proprietary ratio, business process reengineering (BPR), and essential accounting calculations. It included both calculation-based and theory-based items, like full forms such as DMAIC. Conceptual clarity and familiarity with less common accounting and finance terms were required.
Pet care industry, inclusive education, and impact of inequality on urban areas.
Toughest part due to technical BMI passage; unpredictable questions.
Finance, banking, capital markets, insurance principles, pension schemes, Union Budget & Economic Survey.
A4: Above 60 in Paper One and above 70 in Paper Two.
The RC passage was unexpectedly technical. But otherwise, papers followed predictable trends.
The overall difficulty level of IFSCA Grade A Phase 1 Exam 2025 was moderate. Paper 1 was largely doable, while Paper 2 ranged from moderate to slightly tough.
Paper 1 included Quantitative Aptitude, Reasoning, English, and Current Affairs. It was largely manageable for prepared students, with Quant, English, and Current Affairs being easier, and Reasoning slightly lengthy.
Paper 2 covered Economics, Finance, Management, and Costing & Accounts. Economics and Finance were mostly moderate, Management was slightly confusing due to tweaked options, and Costing & Accounts ranged from moderate to tough.
Reasoning and Costing & Accounts required more time and consistent practice. Time management was key, and familiarity with calculations, concepts, and formulas helped improve accuracy and attempts.
The exam analysis, difficulty levels, and cut‑off predictions provided in this article are based on student feedback, expert insights, and previous exam trends. These figures are indicative and meant only for guidance. They should not be treated as official or final. The actual cut‑off marks, results, and official details will be released solely by IFSCA through its notifications. Candidates are strongly advised to rely on official updates for confirmed information.
NABARD Grade A 30‑day study plan with a 4‑week schedule. Build basics, practice descriptive, revise,…
Here we have provided the Weekly Current Affairs 2025 PDF. Candidates can download the free…
Arithmetic Important Questions for PNB LBO 2025 Exam. Boost your Quant score with high-quality practice…
Read The Hindu Editorial Vocabulary to know difficult words with its meanings. We provide monthly…
Smart newspaper reading for RBI Grade B 2026. Boost Phase 1 preparation for current affairs…
Download 500+ RRB Group D Current Affairs 2025 PDF. Boost your exam preparation with updated…