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How to Prepare for the NaBFID Exam: Preparation Tips and Strategies

Are you eager to enhance your expertise in lending operations and increase your prospects of securing a promising career in the finance industry? Your quest for comprehensive preparation ends here with the NaBFID (National Board of Financial and Industrial Development) for Lending Operations, Risk Management, Accounts, and General Administration Online Course. This blog is your gateway to discovering the critical steps in preparing for the NaBFID exam and ensuring success in this pivotal endeavor.

For aspiring finance professionals, the NaBFID exam is a defining challenge, and adequate preparation is the cornerstone of triumph. To prepare for this crucial test, the ixamBee NaBFID Lending Operations, Risk Management, Accounts, and General Administration Online Course will be of great assistance to you. This comprehensive course offers a wealth of preparation materials designed to demystify the concepts and principles integral to the exam. Moreover, it provides invaluable mock tests and practice exams to bolster your confidence and familiarize you with the exam structure. With the support of the ixamBee course, you’ll be well-prepared to excel in the certification exam and secure your future in the dynamic realm of financial services. Read this blog to discover a treasure trove of tips and tricks that will help you prepare effectively for the NaBFID exam 2023 and pave the way for your successful career in the financial industry.

Eligibility Criteria for the NaBFID Exam

The eligibility criteria for NaBFID (National Board of Financial and Industrial Development) Recruitment are multifaceted. Candidates seeking roles in lending operations should meet an age requirement ranging from 21 to 32 years and hold educational qualifications like an MBA in Finance, ICWA, CFA, CMA, CA, or a Post-Graduate degree/Diploma in Finance Management.

For positions in Risk Management, the same age criteria apply, with preferred qualifications including an MBA in Finance, CA, ICWA, CFA, or a Post-Graduate degree/Diploma in Finance Management. Candidates aspiring to excel in risk management are encouraged to obtain certifications like FRM or PRM. 

Additionally, Indian citizenship is preferred. At ixambee, y For more detailed information, please refer to the table below.

Position Age Criteria Educational QualificationsNationality
Lending OperationsMinimum: 21 years, Maximum: 32 yearsMBA (Finance), ICWA, CFA, CMA, CA, Post-Graduation Degree/Diploma in Management with Specialization in FinancePreference for Indian Citizens
Risk ManagementMinimum: 21 years, Maximum: 32 yearsMBA (Finance), CA, ICWA, CFA, Post-Graduation Degree/Diploma in Management with Specialization in Finance
Preferred Qualifications: FRM, PRM
Preference for Indian Citizens

Structure for the NaBFID Exam 2023

The selection process for NaBFID Lending Operations and Risk Management officers in 2023 will consist of two phases: an Online Exam and a Personal Interview. Successful candidates in the Online Exam will be subsequently invited for the Interview stage. If you want to get into NaBFID’s  Lending Operations and Risk Management positions this year, you need to be aware of the structure for the online exam, which will take place first. Candidates must gain a comprehensive understanding of the specific topics within each section to navigate the selection process effectively. Acquainting oneself with the NaBFID Exam’s pattern and structure is paramount for thorough preparation. To gain a more detailed insight into the NaBFID Exam Pattern for 2023, please refer to the table provided below.

Name of the ExamNo. Of QuestionsMaximum MarksTime
Section (A) Objective Type
Reasoning and Quantitative Aptitude151530 Minutes
English Language1010
Data Analysis and Interpretation1515
Subtotal – (A)4040
Section (B) Objective
Professional Knowledge406030 Minutes
Subtotal (B)4060
Total (A) and (B)8010060 Minutes

Syllabus for the NaBFID Exam 2023

For NaBFID Officers in 2023, the exam syllabus is divided into four critical tests: (Part A) English Language, Reasoning Ability & Quantitative Aptitude, Data Analysis & Interpretation, and (Part B) Professional Knowledge. Understanding the complete NaBFID syllabus is vital for candidates to excel in the exam, with a particular focus on Reasoning Ability and Quantitative Aptitude, as it significantly influences the scoring. To achieve top marks and succeed in the exam, candidates must thoroughly grasp the syllabus, which provides insights into critical topics and their potential relevance in the examination. You can explore the NaBFID 2023 Exam Syllabus in the table below.

SectionTopics
Reasoning AptitudeCommon sense Reasoning,  Coding-Decoding, Coded Inequalities, Syllogism, Coded Blood Relationship, Input Output, Ranking, Section Test Reasoning
Quantitative AptitudeNo. System, Percentage, Profit and loss, Ratio and proportion, Partnership, Average, Alligation, Simple and compound interest, Time and distance, Trains, Boats and streams, Permutation and combination, Probability, Quadratic equation, Series, Mensuration, DI, Age, HCF and LCM, Simplification, Approximation, Time and work and Pipe and Cisterns, Short Cut Tricks, Section Test Quant, Caselet DI, Venn diagram
English LanguageTense, Parts of Speech, Direct Indirect Speech, Active passive voice, Articles and Determiners, Cloze Passage, Fillers, Reading Comprehension, Rearrangement, Spotting Errors, Idioms and Phrases, Sentence Improvement, Coherent paragraph, Vocabulary, Section Test English Language, Sentence Connectors, Match the column, Subject Verb Agreement, Word Swapping / Replacement, Word Usage, Phrasal Verbs, The Hindu Editorial Discussions
Data Analysis & InterpretationTabular Graph, Line Graph, Pie Chart, Bar Graph, Radar Graph Caselet, Missing case Data Interpretation (DI), Caselet DI, Data Sufficiency, Probability, Permutation and Combination, etc.
Risk ManagementRisk Management – Derivatives, RBI Circulars, Risk and its Types, Risk Management – Basel Norms and Exposure Norms
Lending OperationsProject Finance & Corporate Banking, Banking System, Risk Management, RBI and SEBI Circulars, Accounting, Financial Statement Analysis, General Management 1, General Management 2, General Management 3, Corporate Governance, Financial Institutions, Treasury

In the NaBFID (Analyst Grade) Exam 2023, candidates’ eligibility for the interview phase is based on their written test performance. For further details on the marking scheme for the NaBFID Exam 2023, you can check out ixambee’s detailed information. 

Strategies to Prepare for the NaBFID Exam 2023

Preparing for the NaBFID Exam 2023 is a significant undertaking for those aspiring to excel in the world of Indian banking and finance. This guide provides essential strategies to help you effectively navigate the exam and maximize your chances of success.

Subject-wise Preparation Strategies for NaBFID Exam 2023

Here are a few essential tips that will help you compartmentalize your exam preparation and make new strategies for each subject.

Tips for Reasoning and Quantitative Aptitude

Tips for English Language

Tips for Data Analysis & Interpretation

Tips for Risk Management

Tips for Lending Operations

These subject-wise strategies and tips should help you prepare effectively for the NaBFID Exam in 2023. Tailor your preparation plan to your strengths and weaknesses, and don’t forget to practice regularly and take mock tests to gauge your progress.

Summing Up

Preparing for the NaBFID Exam 2023 is less stressful than you would think. With a systematic preparation strategy, a calm mindset, and the proper guidelines, you can ace the exam easily. Ixambee’s carefully crafted online course and other resources will help you ace the exams easily.

To help you prepare 50% faster for competitive exams, ixamBee provides a free Mock Test Series and all the Current Affairs in English and Current Affairs in Hindi in the BeePedia capsules for GA Preparation. You can also get the latest updates for Bank PO, Bank Clerk, SSC, RBI Grade B, NABARD, and Other Government Jobs.

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