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IFSCA Grade A Syllabus 2024

IFSCA Grade A Free Mock 2024


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IFSCA Grade A Syllabus 2024

IFSCA Grade A Syllabus for Paper 2 of Phase I in General Stream

1. General knowledge, Current events of national and international importance

2. Economic and social development (sustainable development, poverty, inclusion, and


(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

3. 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,


(iii) Cash Flow Statement, Fund flow statement, Financial statement analysis; Ratio


(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

4. 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


(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


(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

5. 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


e) Direct and Indirect taxes; Non-tax sources of Revenue, GST, Finance

Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act


f) Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI,

CPI - components and trends.

g) Financial Risk Management

6. Costing

(i) Overview of Cost and Management Accounting - Introduction to Cost and

Management Accounting, Objectives and Scope of Cost and Management


(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).

7. 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.

8. Central Government's initiatives/ Schemes in the financial sector.

IFSCA Grade A Syllabus for Paper 2 of Phase II in General Stream

1. IFSCA Act, IFSCA, IFSC, GIFT IFSC, GIFT City and Global Financial Centres

2. Union Budget — Concepts, approach and broad trends & Economic Survey

3. 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 –


(iv) Recent Developments in Global Financial System and its impact on Indian Financial


(v) Role of Information Technology in Banking and Finance

(vi) Non-Banking System

(vii)Developments in Digital Payments

4. 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

5. Insurance

(i) History of Indian Insurance, principles of Insurance;

(ii) Risk and uncertainty, pooling and diversification of risk, Indemnity and Insurable


(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


6. 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 Syllabus for Paper 2 of Phase I & II in Legal Stream

Phase I




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)

4The Limitation Act, 1963
5Transfer of Property Act, 1882 – Chapter III, Chapter IV, Chapter V.
6Arbitration and Conciliation Act, 1996 – Part I
7Administrative Law20%
8Jurisprudence and Interpretation of Statutes
9Important Latin terms and maxims
10Law of Torts and Consumer Protection Act, 201910%

*Weightages are indicative only

Phase II




Criminal Law – Indian Penal Code, 1860 (Chapters I, II, III, IV, V, VA, VI, IX, XVII, XXI, XXII, XXIII);

Code of Criminal Procedure, 1973.

2Law 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. The Reserve Bank of India Act,1934
  2. The Insurance Act, 1938
  3. The Banking Regulation Act, 1949
  4. The Securities Contracts (Regulation) Act,1956
  5. The Deposit Insurance and Credit Guarantee Corporation Act, 1961
  6. The General Insurance Business (Nationalisation) Act, 1972
  7. The Securities and Exchange Board of India Act, 1992
  8. The Depositories Act, 1996
  9. The Insurance Regulatory and Development Authority Act, 1999
  10. The Foreign Exchange Management Act, 1999

11.The Credit Information Companies (Regulation) Act, 2005
12.The Government Securities Act, 2006
13.The Payment and Settlement Systems Act, 2007
14.The Pension Fund Regulatory and Development Authority Act, 2013
The Factoring Regulation Act, 2011


*Weightages are indicative only


What is the maximum age limit for IFSCA Recruitment 2024? Is there any exemption?

The maximum age limit is 30 years. Exemptions of 5 years is for SC/ST candidates and 3 years is for OBC candidates.

How many vacancies are there for UR category? +

There are 15 vacancies out are there for the UR category.

I’m a CS. Can I apply? +

Yes! If you already have a Bachelor’s degree in commerce, you can apply.

How can I apply for IFSCA 2024 Recruitment? +

Candidates can apply for IFSCA Recruitment 2024 by following the step-wise procedure mentioned.

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