IFSCA Grade A 2024 Phase 1 is now behind you, and we hope you’re feeling confident about your performance. Now it’s time to shift your focus to IFSCA Grade A 2024 Phase 2. It’s crucial to maintain your momentum and start your IFSCA Grade A phase 2 preparation immediately.
To help you make the most of this time, we’ve designed a comprehensive strategy for IFSCA Grade A Phase 2 preparation. This includes everything from identifying the important topics and prioritizing the same to the best books & resources to refer to and a detailed study plan. Go through the strategy, implement it, and enhance your chances of clearing the IFSCA Grade A 2024 exam.
IFSCA Assistant Manager 2024 Preparation Strategy
Before getting started with the IFSCA Grade A preparation strategy, make sure to check the detailed syllabus. Here’s the link: IFSCA Assistant Manager 2024 Syllabus.
Most Important Topics of IFSCA Grade A Phase 2
The first step of your IFSCA Grade A preparation strategy is identifying the important topics for the Phase 2 exams. This is to allow you to focus on high-weightage topics.
Important Topics of Descriptive English for IFSCA Grade A
Generally, three questions are asked from the following topics:
- Essay
- Precis Writing
- Comprehension and Business/Office Correspondence
Important Topics of Banking and Capital Market for IFSCA Grade A
- Banking System in India – Structure and Developments
- Functions of RBI
- Non-Banking System
- Financial Institutions
- Recent Developments in the Global Financial Market and its Impact on India
- Role of Information Technology in Banking and Finance
- Developments in Digital Payments
- Time Value of Money
- Bonds
- Primary and Secondary Market – Equity, Debt, and Forex
- Derivatives – Futures Forwards and Swaps
- Derivatives – Options
- Spot and Derivative market of Precious Metal
- Bullion
Important Topics of Insurance for IFSCA Grade A
- Insurance History
- Principles of Insurance
- Risk and Uncertainty
- Legal Foundation of Insurance
- Types of Insurance Policies
- Intermediation in Insurance
- Functions of Insurer
- Emerging Concepts of Insurance
- Insurance Lines and Products:
- Specialist Insurance Lines in India
- GIC and Obligatory Cession of India
Important Topics of Pension Sector for IFSCA Grade A
- Status of Pension Sector
- Types of Retirement Schemes and their Features
- National Pension Scheme
- Atal Pension Yojana
- Annuity Plans
- Basics oF Investment
- Time Value of Money
- Bonds
- Primary and Secondary Markets – Equity & Debt Markets
- Mutual Funds
- Pension Fund Schemes
Important Topics of GIFT & IFSCA for IFSCA Grade A
- GIFT City
- IFSCA Act
- IFSCA Banking Regulations
- IFSCA Capital Market Intermediaries Regulations
- Global financial Centers
After getting familiar with the important topics of the IFSCA Grade A Phase 2 exam, it’s time to understand the relevant study material.
Important Books & Resources for IFSCA Grade A 2024 Preparation
| IFSCA Grade A Preparation – Phase 2 Best Books | |||
| Subject | Book | Author | Publisher |
| Descriptive English | We are not suggesting any book here and providing the most effective resources for descriptive English preparation. Press Information Bureau The Hindu Livemint The Economist Business India | ||
| Banking | Principles and Practice Of Banking | IIBF | Macmillan |
| Bank Financial Management | IIBF | Macmillan | |
| Indian Economy | Ramesh Singh | McGraw Hill | |
| Capital Market | Bank Financial Management | IIBF | Macmillan |
| Insurance | Introduction to Insurance | IFSCA | IFSCA |
Here are the recommended resources for the rest of the topics of the IFSCA Grade A Phase 2 Paper 2:
- Union Budget
- Economic Survey
- Bullion
- Pension Funds
- IFSCA Act (Read bare act)
- GIFT City
- GIFT IFSC
- IFSCA
- Global Financial Centers
Additional Resources
Here are some additional resources that can help you enhance your preparation for the IFSCA assistant manager exam:
Google is a crucial resource for IFSCA Grade A preparation. Simply take the topics from the syllabus and search the same on Google.
- YouTube
You can refer to EduTap’s official YouTube channel, where our expert educators have posted multiple high quality videos that’ll help you prepare for the IFSCA Grade A exam.
- PYQs (Previous Year Questions)
By analyzing the previous year question papers, you can understand the exam pattern and get familiar with the types of questions asked in the exam. This can help you refine your preparation strategy and attempt the exam with more confidence.
Here’s a direct link to download IFSCA Grade A 2023 PYQs : IFSCA PYQs Direct Download Link.
Study Plan for IFSCA Assistant Manager Preparation
The next step would be to make an easy-to-follow timetable to make your IFSCA Grade A Phase 2 preparation easy and more effective.
| IFSCA Grade A Phase 2 Preparation Time Table | ||
| Module | Days | Instructions |
| Descriptive English | 10 | Practice as many mock tests as you can. Avoid making grammatical mistakes. |
| IFSCA Act & Gift City | 7 | Cover the entire syllabus in sequence. Practice mock tests. Try to read as per exam demand. |
| Banking | 7 | Start with the basics. Focus on conceptual learning. Practice mock tests. |
| Capital Market | 7 | Cover all the domains (Forex, Equity, Debt) of the capital market. Practice as many MCQs as possible. |
| Insurance | 5 | Start with the basic understanding. Focus on concepts with relevant examples. Practice as many mock tests as you can. |
| Pension Sector | 5 | Read as per the syllabus. Refer to the FAQs sections of multiple authentic websites if doing self study. Practice as many mock tests as you can. |
| Union Budget | 2 | Basic clarity and knowledge of the static concepts. Schemes related to insurance, pension, retirement, agriculture etc are important. Focus on data and facts. |
| Total | 43 Days | |
Tips for IFSCA Grade A Phase 2 Preparation
The last step would be to keep the following tips in mind when preparing for the IFSCA Grade A Phase 2 exam:
- Allocate more time to weak areas while maintaining a balance with your strong subjects.
- Regularly practice mock tests for time management and exam simulation.
- Review your performance in mock tests, identify mistakes, and learn from them.
- Keep a separate notebook for important notes, examples, data, facts, and trends.
- Prioritize understanding over rote memorization.
- Stay physically active and maintain a healthy lifestyle for optimal performance.
Conclusion
There you have it: a detailed preparation strategy for Phase 2 to excel in the IFSCA assistant manager 2024 exam. Make sure you follow this strategy and start as early as possible to increase your chances of clearing the IFSCA Grade A exam.
