IFSCA Grade A Syllabus 2024: Assistant Manager Syllabus and Exam Pattern
The International Financial Services Centres Authority (IFSCA) has released the detailed syllabus and exam pattern for the IFSCA Grade A Assistant Manager exam 2024. Candidates aiming to excel in this exam must familiarize themselves with the syllabus and exam pattern to ensure a thorough and effective preparation strategy. This article provides a comprehensive overview of the IFSCA Assistant Manager Syllabus 2024 for both Phase 1 and Phase 2 of the exam, along with insights into the selection process and other relevant details.
IFSCA Assistant Manager Syllabus 2024 Overview
The IFSCA Grade A syllabus is crucial for candidates preparing for the Assistant Manager exam as it outlines all the essential topics that will be covered in the examination. The IFSCA Grade A 2024 exam consists of two phases, followed by an interview. The tentative date for the exam is expected to be in July 2024, and candidates should start their preparation well in advance to cover the extensive syllabus.
IFSCA Assistant Manager Selection Process
The selection process for the IFSCA Assistant Manager post comprises three stages:
- Phase I: Written Exam - This is a computer-based online test consisting of two papers.
- Phase II: Written Exam - This phase also consists of two papers, one of which is descriptive.
- Interview - Candidates who qualify for both phases of the written exams are called for an interview.
IFSCA Assistant Manager Phase I Exam Pattern
The Phase I exam is divided into two papers, with each paper designed to test different skill sets of the candidates.
IFSCA Phase I Paper 1:
- General Awareness (Financial Sector): 25 questions, 25 marks
- English Language: 25 questions, 25 marks
- Quantitative Aptitude: 25 questions, 25 marks
- Reasoning: 25 questions, 25 marks
IFSCA Phase I Paper 2:
- For General Stream: Questions based on General Studies
- For Legal Stream: Specialized subjects
The total duration for each paper is 60 minutes. The aggregate marks required to qualify for Phase I is 40%.
IFSCA Assistant Manager Phase II Exam Pattern
The Phase II exam also consists of two papers:
IFSCA Phase II Paper 1:
- This paper is descriptive and includes questions on:
- Precise Writing: 35 marks
- Essay Writing: 30 marks
- Comprehension: 35 marks
IFSCA Phase II Paper 2:
- This paper includes multiple-choice questions:
- For General Stream: MCQs on General Studies
- For Legal Stream: MCQs on specialized subjects
The total duration for each paper in Phase II is 60 minutes. The cut-off for Paper 2 is 40%.
Detailed Syllabus for IFSCA Assistant Manager 2024
Phase 1 Syllabus
Paper 1:
- English Language: The syllabus includes Reading Comprehension, Vocabulary, Synonyms & Antonyms, Fillers, Error Detection, Sentence Rearrangement, Word Swap, Idioms & Phrases.
- Quantitative Aptitude: Topics include 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: This section covers 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: Candidates need to be aware of General Knowledge, Current Events of National and International Importance, Economic and Social Development, Commerce, Accountancy, Management, Finance and Costing, Indian Economy, Global Economy, Five-year Plans, and Central Government’s Initiatives/Schemes in the Financial Sector.
Paper 2:
- General Studies and Specialized Subjects: Topics include General Knowledge, Current Affairs, Economic and Social Development, Commerce, Accountancy, Management, Finance and Costing, Indian Economy, Global Economy, Government Initiatives in the Financial Sector.
Phase 2 Syllabus
Paper 1:
- Descriptive Writing: This includes Precise Writing, Essay Writing, and Comprehension based on given topics related to financial and economic themes.
Paper 2:
- MCQs on General and Specialized Subjects: Topics include IFSCA Act, Union Budget, Economic Survey, Banking, Capital Market, Insurance, Pension Funds, Bullion, GIFT City, GIFT IFSC, IFSCA, and Global Financial Centres.
IFSCA Grade A Interview 2024
Candidates who clear both Phase I and Phase II exams are called for the interview. The interview carries 15% weightage of the total score, while the marks obtained in Phase II carry 85% weightage. The interview is an essential part of the selection process, as it assesses the candidate's knowledge, personality, and suitability for the role.
Conclusion
The IFSCA Assistant Manager Syllabus 2024 is comprehensive, covering a wide range of topics from English Language and Quantitative Aptitude to specialized subjects related to the financial sector. Candidates must prepare diligently, focusing on each section of the syllabus to ensure a well-rounded understanding and ability to tackle the exam. By following the detailed syllabus and understanding the exam pattern, aspirants can enhance their chances of success in the IFSCA Grade A Assistant Manager exam.
For further preparation, candidates can refer to IFSCA's official website and utilize resources such as online coaching, mock tests, and study materials to aid their study plan.