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The International Financial Services Centres Authority (IFSCA) Grade A 2024 exam is a great opportunity for aspirants seeking a career in financial regulation. The Phase 2 exam, held on 13 October 2024, was the second stage candidates had to clear in their journey towards securing a prestigious position as an Assistant Manager. In this article, we are providing the IFSCA Grade A Exam Analysis 2024, covering the exam pattern, section-wise review, and difficulty level.
IFSCA Grade A Exam Analysis 2024
The IFSCA Grade A exam is conducted in multiple phases, with Phase 2 being an online examination that serves as a mains test. This phase is crucial as it determines which candidates will advance to the next stage of the selection process. As per the candidates’ feedback, the questions asked in the IFSCA Grade A exam were of moderate difficulty.
IFSCA Grade A Phase II Exam Analysis 2024, 13 October 2024: Difficulty Level
The overall difficulty level of the IFSCA Grade A 2024 Phase 2 exam was Moderate.
IFSCA Grade A Phase 2 Exam Analysis 2024, 13 October: Difficulty Level | ||
Paper | Section | Difficulty Level |
Paper 1 | Precis Writing | Moderate |
Essay Writing | Moderate | |
Comprehension | Moderate | |
Paper 2 | General Stream | Moderate |
Legal Stream: MCQs on Specialised Subjects | Moderate | |
Overall | Moderate |
IFSCA Grade A Phase 2 Exam Analysis 2024: Section-wise Analysis
The IFSCA Grade A 2024 Phase 2 exam was a well-balanced test, challenging candidates across various sections.
IFSCA Grade A Phase 2 Exam Analysis 2024: Essay Writing
The list of questions asked in the Essay Writing section of the IFSCA Grade A Phase 2 Exam 2024 is mentioned below. The word limit for essay writing was of 270 words.
- The government should consider preparing rules to regulate the content being broadcasted over various streaming channels.
- The buying behaviour of Indian customers have changed significantly. Discuss positive and negative.
- Role of family dynamics in providing mental well being across generations.
Other than Essay Writing, precis writing and reading comprehension were also asked in Paper 1 of Phase II.
IFSCA Grade A Phase II Exam Analysis 2024, Paper II
The Paper II Exam Review for the IFSCA Grade A Phase II Exam 2024 has been discussed below.
- IFSCA Member
- Fiscal Deficit
- Atal Pension Yojana
- NPS Age Enrollment
- Sweat Equity
- Facultative
- PF Withdrawal Limit
- Over The Account Derivative
- Contribution To EPF By Employee
- Atal Pension Yojana Minimum Pension
- Economic Survey
- Unified Pension Scheme
- Ubharate Sitare
- IIBX Full Form
- GIFT City Full Form
- Maximum Denomination Note Printed By RBI
- Locking Period
- E-commerce Entity
- Municipal Bonds
- Open Market Operation
- Forward Rate
- RBI Act 1934
- NaBFID
- Grace Period
- Budget
- SGX NIFTY
- Settlement Risk
- Insurance FDI Limit
- FEDAI
- Budget Scheme
- NHB Authorized Capital
- Compulsory Insurance
- Solvency Ratio
- MMID
- SEBI
- IFSCA Tax Relaxation
- Fund Of Fund
- ULI Full Form
- NPS-Maximum Age For Contribution
- IRDAI Circular
- Basis Of Loss
- EDIS
- NBFC IFC
- First Developmental Institution
IFSCA Grade A Phase II Exam Pattern 2024
In the Phase II exam, there is a negative marking system, deducting 1/4th of the marks for each question in Paper 2. To qualify for Phase III, candidates need to meet separate cut-offs for each paper in Phase II and achieve an aggregate cut-off of 40%, with Paper 1 contributing 1/3rd of the total weightage and Paper 2 contributing 2/3rd. Based on these criteria, candidates equaling 3 times the number of vacancies shall be shortlisted, in order of merit, for Phase III which is the Interview round. The list of candidates selected for Interviews will be published on the IFSCA website. Aspirants can check the IFSCA Phase II Exam Pattern below.
Paper 1
IFSCA Phase II Paper 1 Exam Pattern 2024 | ||||
Section | Maximum Marks | Time Duration | Weightage | Cut-Off |
Precis Writing | 35 | 60 Minutes | 1/3rd | 30% |
Essay Writing | 30 | |||
Comprehension | 35 | |||
Total | 100 |
Paper 2
IFSCA Phase II Exam Pattern 2024 | |||||
Paper | Subjects | No. Of Qs. | Max. Marks | Cut Off | Duration |
Paper II |
General Stream: MCQs on IFSCA Act, Union Budget, Economic Survey, Banking, Capital Market, Insurance, Pension Funds, Bullion, GIFT City, GIFT IFSC, IFSCA, Global Financial Centres etc |
50 | 100 | 40% | 60 Minutes |
Legal Stream: MCQs on Specialised Subjects | 100 | ||||
Aggregate Cut Off | 40% |