NPS Syllabus 2025 and Exam Pattern for Manager and Assistant Manager

The NPS (National Pension System) exam 2025 offers a great chance for those looking to work as Managers or Assistant Managers. Knowing the NPS Syllabus 2025 and Exam pattern is key to preparing well. This article gives all the information to the candidates about the topics covered in the exam and how the test is structured, helping candidates get ready for the Manager and Assistant Manager roles.

NPS Syllabus 2025 and Exam Pattern

The NPS Recruitment 2025 has been released for Officer Grade A (Assistant Manager) and Officer Grade B (Manager) posts. The selection process includes three phases: Phase I Exam, Phase II Exam, and Phase III (Interview). Below are the details of the syllabus and exam pattern.

NPS Exam Pattern 2025

NPS Exam pattern 2025 is important for candidates to understand. The syllabus and exam pattern is same for Manager and Assistant Manager posts. The exam is conducted in two phases, each with different sections. In this article, we  have shared simple tables for both Phase 1 and Phase 2 to help you prepare effectively.

NPS Exam Pattern 2025 for Phase 1

Below is a table for the NPS Exam pattern 2025 Covering the Phase 1 Exam. This phase includes streams like General, Risk Management and HR.

Note: 0.25 marks will be deducted for each incorrect answer. Candidates must secure individual and aggregate cut offs to qualify for Phase 2.

NPS Exam Pattern 2025 for Phase 2

NPS Phase 2 Exam has 2 papers which includes a descriptive test in paper 1 and Specialized Subject MCQs in Paper 2. Table Below provides the key details about the Exam pattern for phase 2.

Note: 0.25 marks will be deducted for incorrect answers in Paper 2. Candidates must secure individual and aggregate cut offs to qualify for Phase III.

Phase III: Interview

The Candidates who successfully clear phase 1 and 2 will be called for the interview. Below we have mentioned the weightage of phase 2 and interview in the Final merit List.

Weightage for Final Merit List:

• Phase 2: 50%
• Interview: 50%

Candidates may opt for the interview in Hindi or English.

NPS Syllabus 2025

Below we have provided the detailed NPS Syllabus 2025 for General studies and Specialized subjects like HR and Risk Management.

General Studies:

• Economic and Social Development
• Indian Economy (including Recent Trends, Fiscal and Monetary Policy, Banking, and Infrastructure Development)
• Data and Digital Economy (including Cyber Security and Digital Literacy)
• Innovation in India (pertaining to Startups and Entrepreneurship)
• Technology (including advancements in AI, Space Technology, and Biotechnology)
• Sustainable Development Goals (SDGs) and Global Initiatives
• Emerging Global Challenges (Energy Security, Water Scarcity, Urbanization, etc.)
• General Issues on Environment, Bio-diversity, and Climate Change
• Ethical Issues in Governance and Public Administration
• International Relations (India’s Foreign Policy, Bilateral and Multilateral Relations)
• Social Justice (Welfare Schemes, Inclusive Development, and Rights Movements)

Specialized Subjects:

Human Resource Stream:

1. Personnel Management: Functions, Job analysis, Job Description, Job Evaluation, Organization Structure, Manpower Planning, Recruitment & Selection, Placement and Induction, Talent Attraction, Selection & Retention.
2. Principles and Practices of Management.
3. HRM concepts and functions, Performance Management; Career progression, Succession Planning; Strategic HRM, Organisational Behaviour, Leadership, Team Building, Conflict Resolution.
4. Job Specification, Competency Development, Communication.
5. Learning & Development, Management Development.
6. Organizational Behavior: Concepts, Importance, Evolution, Group Dynamics, Motivation, Morale, Leadership, Job satisfaction, Organizational Change, Organizational Development, Organizational Climate.
7. Industrial Relations: Concept, scope, IR systems, Industrial disputes, Machinery for settlement of industrial disputes, workers participation in management, code of discipline, ILO, Grievance handling and Disciplinary Action.
8. Labour Legislation: Principles of labour legislation, Implementation machinery, Labour legislation and Indian constitution.
   • Factories Act, 1948
   • Industrial Disputes Act, 1947
   • Trade Union Act, 1926
   • Payment of Gratuity Act, 1972
   • Contract Labour (Abolition) / Regulation Act
   • Workmen’s Compensation Act, 1923
   • Payment of Wages Act, 1936
   • Minimum Wages Act, 1948
   • Industrial Employment Standing Orders Act
   • Maternity Benefit Act, 1961
   • Employees Provident Fund & Misc. Provisions Act
   • Employees State Insurance Act
   • NPS (National Pension Scheme)
9. Right to Information Act, 2005.
10. Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013.
11. The Rights of Persons with Disabilities Act, 2016.

Risk Management Stream:

• Economics: Demand and Supply, Macro Economics, National Income, Public Finance, Determination of output and employment, Investment Function, Multiplier and Accelerator, Demand and Supply for Money, Inflation, Business Cycles, Inflation, Monetary and Fiscal Policy, Banking Functions, Public Debt, and more.
• Financial Institutions and Markets: Money, Credit, Capital Markets, Mutual Funds, Derivatives, Stock Exchanges, Credit Rating Agencies, Pension and Insurance Markets, and role of regulators.
• Statistics and Econometrics: Central tendency, Correlation, Regression, Sampling, Probability, Hypothesis Testing, and Operational Research Models.
• Commerce & Accountancy: Revenue Recognition, Investments, Financial Statements, Accounting Standards, Cash Flow, and NAV Analysis.
• Finance: Ratio Analysis, Valuation, Market Models, CAPM, DCF, Sensitivity Analysis.
• Risk Management: Sources of Risk, VAR, Stress Testing, Operational and IT Risks.

General Stream:

• Commerce & Accountancy: Financial Information Systems, Accounting Standards, Financial Statements, Share Capital Transactions, and Final Accounts Preparation.
• Management: Leadership, Motivation, HR Development, Communication, and Managerial Roles.
• Finance: Financial Systems, Financial Markets, Derivatives, Taxation, GST, Fiscal Policies, and Inflation Trends.
• Data Analytics & Statistics: Measures of Dispersion, Data Visualization, Hypothesis Testing, and Predictive Analytics.
• Companies Act & Indian Trusts Act: Relevant chapters from Companies Act 2013 and Indian Trusts Act.
• Economics: Demand and Supply, Market Structures, IS-LM, Phillips Curve, and Balance of Payments.
• Pension Sector: Status in India, Retirement Schemes, NPS, Atal Pension Yojana, and Investment Decisions.