IFSCA Grade A Phase 2 Exam Analysis 2024, 13 October Exam Review

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: 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.

1. IFSCA Member
2. Fiscal Deficit
3. Atal Pension Yojana
4. NPS Age Enrollment
5. Sweat Equity
6. Facultative reinsurance
7. PF Withdrawal Limit
8. Over The Account Derivative
9. Contribution To EPF By Employee
10. Atal Pension Yojana Minimum Pension
11. Economic Survey
12. Unified Pension Scheme
13. Ubharate Sitare
14. IIBX Full Form
15. GIFT City Full Form
16. Maximum Denomination Note Printed By RBI
17. Lock-in period for linked insurance – 5 years
18. E-commerce Entity
19. Municipal Bonds
20. Open Market Operation
21. Forward Rate
22. RBI Act 1934
23. NaBFID
24. Grace Period – monthly instalment -15 days
25. Budget
26. SGX NIFTY
27. – herstatt risk – counterparty risk
28. Insurance FDI Limit
29. FEDAI
30. Budget Scheme A -15000
31. NHB Authorized Capital
32. Compulsory Insurance
33. Solvency Ratio
34. MMID
35. SEBI does not regulate – Primary dealers
36. IFSCA Tax Relaxation
37. Fund Of Fund
38. ULI Full Form
39. NPS-Maximum Age For Contribution
40. IRDAI Circular
41. Basis Of Loss
42. EDIS
43. NBFC IFC
44. First Developmental Institution
45. Bank notes -10000
46. EDLI insurance -7 lakh
47. Futures for individual security -5 lakh
48. Insurance resolution -2 weeks
49. India market cap to GDP -5th
50. Not a money market instrument – Dated securities
51. FIMMDA
52. Free look period -30 days
53. EPS 95- Employee contribution – NIL
54. Not a budget theme – exports
55. Scheduled banks are those banks that are listed under Schedule II of the Reserve Bank of India Act, 1934.
56. Gold – forward
57. Statutory insurance – motor 3rd party
58. The Industrial Finance Corporation of India (IFCI) was the first Development Financial Institution (DFI) in India
59. Salvage value
60. Market place model
61. Currency swap
62. The withdrawal, which will be permitted only three times during the tenure, should not exceed 25 per cent of the total premiums paid as of the date of the partial withdrawal
63. Open market operations
64. NBFC – can not accept demand deposits
65. Fund of funds mutual funds
66. When the insured value is less than the value of property
67. Tax exemption -100%

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

Paper 2