On May 13, 2023, the International Financial Services Centres Authority conducted the IFSCA Grade A Phase 2 exam. Aspirants who took the exam most likely searched online for an exam analysis. By reviewing the IFSCA Grade A Phase 2 Exam Analysis 2023, candidates can gain an understanding of the exam’s level of difficulty. The complete IFSCA Assistant Manager Phase 2 Exam Analysis 2023 is accessible for candidates to check here.

Why is the IFSCA Grade A Exam Analysis Important?

The IFSCA Grade A exam analysis 2023 is an important tool for candidates who have appeared for and wish to appear for the IFSCA Assistant Manager examination in the future. It helps them to evaluate their performance, identify their strengths and weaknesses, and make informed decisions about their preparation for future exams.

By reviewing the IFSCA AM exam analysis 2023, candidates can get an overview of the level of difficulty of the exam, the types of questions asked, the topics that were covered, and the expected cut-off marks. This information can help candidates understand where they stand among their peers and what areas they need to improve upon.

Additionally, exam analysis can provide insights into the exam pattern, which can help candidates prepare for similar exams in the future. They can learn from the mistakes they made and refine their strategies for time management, answering questions, and selecting the right options.

IFSCA Grade A Phase 2 Exam Pattern

The IFSCA Assistant Manager Phase 2 exam included two papers.

• The IFSCA Phase 2 Paper 1 consisted of a Descriptive English Test, with three questions: Precis Writing, Essay Writing, and Comprehension. It was important to note that candidates needed to type their responses on the computer.
• The second paper contained multiple-choice questions on various subjects, such as the IFSCA Act, Union Budget, Economic Survey, Banking, Capital Market, and more.

IFSCA Grade A Phase 2 Exam Analysis

Let us now make an analysis of the IFSCA Grade A 2023 exam by reviewing Paper 1 and Paper 2 separately.

Paper 1

The IFSCA AM Descriptive English paper assesses students via 3 questions, which are:

1. Precis Writing
2. Essay Writing
3. Comprehension

Let us now look at the questions that were asked for each.

Precis Writing– Cyber Security
Essay Writing- Candidates were given a choice to write an essay from among the two topics listed below:

Savings VS Spending: Which 1 is good for the economy?

Importance of Urban Infrastructure

Reading Comprehension– A passage on Demographic Transition on which questions were based. (ESI topic)

Paper 2

The IFSCA AM Phase 2 Paper 2 comprised MCQ-type questions. You can refer to the questions given below that will help you understand the type of questions asked in the exam and therefore, the type of questions you can expect in the future as well.

Some sample questions/the topics on which they were asked are presented below.

1. Minimum Bank credit linked to Net owned fund of NBFC?
2. How many Category 1,2 and how many Category 3 AIF are there in the IFSC?
3. Corporate agent(Health) can be associated with how many companies?
4. Insurance density has increased from 11.1 in 2001 to how much in 2021?
5. Deakin University
6. IFSC act year
7. IFSCA enacted the power of 4 regulators date
8. KCC has been Extended to animal husbandry in which year? 2018-19
9. Which of these Financial centers is not among the top 5 as per the latest GFCI released in March?
10. Railway budget merged in a year? (2018-19)
11. The leverage ratio for Domestic systematically important bank
12. How much amount in USD is considered a bulk deposit in IFSC
13. IPO minimum limit
14. 1st municipal bond. Which city ? – Only municipal bond in 2021-2022
15. One ques related to clearing corporations.
16. One ques related to the Block deal.

Overall IFSCA AM Phase 2 Exam Analysis

Overall, the IFSCA Grade A exam was of a moderate level. The questions asked in the exam were as expected and predicted by ixamBee experts.

Want to know more about the IFSCA AM Phase 2 exam and how it was conducted, be sure to watch Tushar sir’s exam analysis video below.

To help you prepare 50% faster for competitive exams, ixamBee provides 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  NABARD and Other Government Jobs.

Also Read

IIFCL 2023 Recruitment Notification

How Much Time is Required to Prepare for a Government Exam?

The post IFSCA Grade Phase 2 Exam Analysis- May 13, 2023 appeared first on ixambee.

For those unfamiliar with the IFSCA, it is a regulatory body that oversees and regulates financial services in International Financial Services Centres (IFSCs) across the country. This recruitment drive presents an incredible opportunity for individuals looking to join a dynamic and rapidly growing sector.

The IFSCA Grade A exam 2023 will test candidates on various aspects related to the financial sector, including financial markets, banking, insurance, and capital markets. The IFSCA Phase 2 exam is expected to be highly competitive and rigorous, so candidates are advised to start preparing early and stay updated with the latest developments and updates from the IFSCA.

This recruitment drive by the IFSCA presents a unique opportunity for candidates to not only join a growing sector but also to work towards building a strong and stable financial system. So, gear up, stay focused, and give it your best shot! The IFSCA Phase 2 exam is undoubtedly an excellent opportunity for candidates looking to establish a career in the financial sector. However, preparing for such a competitive exam can be overwhelming. Worry not, as we have some valuable preparation strategies to make your journey smoother and more effective.

IFSCA Phase 2 2023: An overview 

IFSCA Phase 2 Syllabus 

The IFSCA Phase 2 recruitment process is a multi-stage selection process for various positions in the IFSCA. The process consists of two written exams, Paper 1 and Paper 2, followed by an interview.

Paper 1 is a multiple-choice exam that tests the candidate’s knowledge of the English language. In contrast, Paper 2 is a descriptive exam that tests the candidate’s knowledge in the specific domain they have applied for, such as Law, Finance, Economics, or Management. Candidates who qualify for Paper 1 are eligible to appear for Paper 2. The marks obtained in Paper 1 are not considered for the final selection; however, a candidate needs to score a minimum of 50% marks in Paper 2 to qualify for the interview round. Take a look at the IFSCA Grade A syllabus below.

IFSCA Phase 2 Exam Pattern

The exam pattern for IFSCA Grade A Phase 2 is mentioned below: 

• Both Phase 1 and Phase 2 online exams will consist of two papers each.
• Phase 1 exam will have a negative marking of 0.25 marks for each wrong answer in papers 1 & 2. Whereas the Phase 2 exam will have a negative marking of 0.25 marks for each wrong answer in paper 2 only
• The exam will consist of multiple-choice questions

 IFSCA Phase 2 Preparation Strategy 

Tips for IFSCA Phase 2 Paper 1: Descriptive English 

• Practice writing: The best way to improve your writing skills is by practicing regularly. Write essays, articles, letters, and other types of written communication to enhance your writing skills.

• Read extensively: Read extensively to improve your vocabulary and grammar skills. Reading also helps you to understand the structure of sentences and how to organize your thoughts logically.

• Plan and organize: Before you start writing, plan your ideas and organize them into a structured outline. This will help you to write coherently and logically, making your essay easier to read and understand.

• Use simple language: Avoid using complex words and convoluted sentences that may confuse the reader. Instead, use simple language and write in a clear, concise and straightforward manner.

• Revise and edit: After completing your essay, revise and edit it to correct any grammatical errors, spelling mistakes, and punctuation errors. This will help you to present a polished and professional essay.

• Time management: Manage your time wisely, allocating sufficient time for planning, writing, revising, and editing your essay.

By following these tips, you can improve your writing skills and perform well in the Descriptive English section of the IFSCA Phase 2 Paper 1 exam. 

Tips for IFSCA Phase 2 Paper 2: MCQ

• Read the question carefully: Make sure to read the question thoroughly and understand what it’s asking before attempting to answer it. 

For example: Question: Which act regulates the operations of International Financial Services Centres in India?

• Focus on keywords: Look for keywords in the question that may help you identify the relevant information. Keywords can be specific terms, phrases, or concepts that are central to the topic being discussed.

For example: Question: Which act regulates the operations of International Financial Services Centres in India? “Keyword: International Financial Services Centres”

Answer: IFSCA Act

• Eliminate incorrect answers: Sometimes, you can eliminate one or more answer choices based on your knowledge of the subject.

 For example: Question: Which of the following is not a capital market instrument?

Answer choices: a) Equity shares b) Bonds c) Mutual funds d) Savings account

Eliminated answer: d) Savings account

• Guess intelligently: If you’re unsure about the answer, use your knowledge and logical thinking to make an educated guess. Eliminate answer choices that are obviously wrong and make an educated guess based on the remaining options.

For example: Question: Which city in India has the first International Financial Services Centre?

Answer choices: a) Mumbai b) Bangalore c) GIFT City d) Kolkata Keyword: International Financial Services Centre

Educated guess: c) GIFT City

By using these strategies, you can improve your chances of answering multiple-choice questions correctly and effectively.

Free Mock tests

With the IFSCA Phase 2 exam being a highly competitive and challenging exam, it is essential to prepare well in advance and equip yourself with the necessary skills and knowledge. One effective way to prepare for the exam is by using ixamBee’s IFSCA Grade A Phase 2 mock tests.

ixamBee is an excellent platform that offers a range of IFSCA Phase 2 mock tests and study material designed specifically for the IFSCA Phase 2 exam. The mock tests are created by experts in the field and are designed to simulate the actual exam experience. This can help you to build confidence, improve your accuracy, and increase your speed.

Summing Up

With the right strategies and mindset, you can set yourself up for success. By following the tips and strategies mentioned above, you can feel confident and well-prepared to ace the IFSCA Phase 2 exam.

So, as you embark on this journey to ace the IFSCA Phase 2 exam, we wish you the best of luck! Believe in yourself, stay motivated, and stay focused on your goals. With your determination and these effective preparation strategies, you’re sure to excel in the exam and achieve your dreams.

To help you prepare 50% faster for competitive exams, ixamBee provides 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  NABARD and Other Government Jobs.

Also Read

IIFCL 2023 Recruitment Notification

How Much Time is Required to Prepare for a Government Exam?

IRDAI Assistant Manager Notification 2023

The post IFSCA Grade A 2023: Phase 2 Preparation Strategy  appeared first on ixambee.

What is IFSCA: Overview

The IFSCA was founded as a unified regulator with a holistic goal to promote ease of doing business in IFSCs and provide a world-class regulatory environment since the dynamic nature of business in the IFSCs necessitates a high degree of inter-regulatory cooperation within the financial sector. 

The IFSCA’s key goals are to forge close ties across the globe, concentrating on the requirements of the Indian economy, and act as an international financial platform for both the entire region and the entire world economy.

Role of IFSCA Officers

• the high degree of inter-regulatory coordination within the financial sector
• serve as an international financial platform for the entire economy
• regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC) in India
• promote ease of doing business across sectors

IFSCA EXAM: UNCHARTERED TERRITORY

While the IFSCA might be a new exam and might seem a little daunting to some of you, Ixambee’s panel of experts has got your back in terms of 

• The right study materials
• Preparation strategy
• Exam-specific  expertise

So if you can diligently follow our experts’ notes and videos, nothing can stop you from conquering this exam with flying colors.

IFSCA Grade A Recruitment 2023

Aspirants will get a summary of IFSCA Recruitment 2023 in the following table including all of the key information regarding the examination.

Dates to Remember: IFSCA Recruitment

The table enlists the important dates for IFSCA Assistant Manager Recruitment 2023.

Steps For IFSCA Grade A Recruitment 2023 Online Application

Here’s the link: https://ibpsonline.ibps.in/ifscaojan23/

• Visit IFSCA’s official website or use the link provided above.
• Enter the requested information, including your name, email address, and mobile number.
• To the registered Email ID and Mobile number will be provided a provisional registration number and password.
• Log in after you have your registration number and password to finish the application process.
• Carefully complete the personal, academic, and communication details.
• Submit your picture, signature, left thumb impression, and any other necessary information.
• Before paying the application fee, check the information you submitted on the form.
• After verification, pay the IFSCA Recruitment 2023 application fees.
• After you pay your application fees for the IFSCA Recruitment 2023, it will be provisionally accepted

IFSCA Grade A Vacancy 2023

Please take a look at the table below to check the category-wise vacancy for IFSCA Recruitment 2023.

IFSCA Recruitment 2023 Eligibility Criteria

The International Financial Services Centres Authority has released both the official announcement and the eligibility requirements. Candidates should ensure that they meet the IFSCA Grade A Recruitment 2023 Eligibility Requirements prior to enrolling for the notice.

• Educational Qualification:

• Age limit: You can verify the maximum age requirement for the IFSCA Assistant Manager Recruitment 2023 as of February 1st here. The maximum age for the exam’s eligibility is 30 years as on 01.02.2023.

IFSCA Grade A Recruitment 2023: Application Fees    

Candidates can see the IFSCA Recruitment 2023 application fees below, broken down by category. Only after paying the application fees will the application form be sent in its entirety.

IFSCA Recruitment 2023 Selection Process

The IFSCA Recruitment 2023 Selection Process consists of three steps below:

• Stage I (online screening examination consisting of two papers of 100 marks each)
• Stage II (online examination consisting of two papers of 100 marks each)
• Stage III(Interview)

IFSCA Grade A Recruitment 2023: Exam Pattern

Two papers will be included in the Phase 1 Test for IFSCA Recruitment 2023. 40% is the overall cut-off needed to pass the first stage of the online exam. The table below contains the IFSCA Grade A (Assistant Manager) Exam Pattern for the phase 1 online examination for both examinations for all interested candidates to review.

Paper I Exam Pattern:

Paper II Exam Pattern

IFSCA Recruitment 2023: Salary

All chosen candidates will serve a two-year probationary term before being hired as Grade A Officers by the International Financial Services Centers Authority. Subject to the candidates’ acceptable performance throughout the probationary period, they will be confirmed in the IFSCA’s services. Officers in Grade A are paid in the following increments: 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)-89150 (17 years).

FAQs: IFSCA RECRUITMENT 2023

Q. Is IFSCA Recruitment 2023 Out?

Ans. Yes, IFSCA Recruitment 2023 is out.

Q. What is the starting date to apply for IFSCA Recruitment 2023?

Ans. The starting date to apply for IFSCA Recruitment 2023 is on 11 February 2023.

Q. How many vacancies are declared for IFSCA Recruitment 2023?

Ans. A total of 20 vacancies are announced for IFSCA Recruitment 2023.

Q. What is the maximum age limit for IFSCA Recruitment 2023?

Ans. The maximum age limit for IFSCA Recruitment 2023 is 30 Years.

Q. How can I apply for IFSCA Recruitment 2023?

Ans. Candidates can apply for IFSCA Recruitment 2023 from the link mentioned above in the post.

Read also

IFSCA DETAILED SYLLABUS

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