The International Financial Services Centers Authority has announced 20 openings for the position of Officer Grade A (Assistant Manager) on their official website, https://www.ifsca.gov.in, with the release of the IFSCA Grade A Notification 2025. An essential component of your exam preparation should be IFSCA Grade A previous year question papers.
IFSCA Grade A Previous Year Question Papers
The IFSCA Grade A Notification 2025 for Assistant Manager positions has been formally released by the International Financial Services Centers Authority (IFSCA). Candidates must solve PYQs and comprehend the syllabus and exam pattern in order to receive the highest possible score. The final step is crucial because it improves time management, helps identify key topics, and helps comprehend the exam pattern.
IFSCA Grade A Past Year Exam Papers in PDF Format
When preparing for an exam, IFSCA Grade A past year question papers are incredibly beneficial. There are two stages to IFSCA Grade A:
Paper 1 (Objective): Covers General Awareness, English, Quantitative Aptitude, and Reasoning.
Paper 2 (Objective): Paper 1 highlights current affairs, finance, commerce, and economics. Paper 2: concentrates on specific topics.
| IFSCA Grade A Previous Year Question Paper PDF with Answers | Download PDF |
IFSCA Exam Pattern for Grade A
The IFSCA Grade A 2025 Assistant Manager Phase I Exam will consist of two papers. In order to advance to the next phase, candidates need to receive a minimum of 40% of the possible points. A quarter of the points for each question will be subtracted for each incorrect response on Papers 1 and 2.
In Paper 1, there is no sectional cut-off; candidates must receive a minimum score of 30%. A qualifying score of 40% is required for Paper 2.
| Phase 1 Pattern for IFSCA Grade A (Paper 1) | ||||
| Subjects | No. of Questions | Max Marks | Cut-off | Duration |
| General Awareness (Financial Sector) | 25 | 25 | 30% | 60 Minutes |
| English Language | 25 | 25 | ||
| Quantitative Aptitude | 25 | 25 | ||
| Reasoning | 25 | 25 | ||
| Total | 100 | 100 | 60 Minutes | |
| Phase 1 Paper 2: Descriptive | ||||
| Section | Maximum Marks | Duration in Time | Weight | Cut-off |
| Precis Writing | 35 | 60 Minutes | 1/3rd | 30% |
| Essay Writing | 30 | |||
| Comprehension | 35 | |||
| Total | 100 | |||
Candidates must pass both the 40% aggregate cut-off and these individual paper cut-offs in order to advance to Phase II. Paper 1 does not factor into the final merit and is merely qualifying in nature.
| Exam Pattern for IFSCA Grade A Phase 2 in 2025 | |||||
| The paper | Subjects | No. of Questions | Max. Marks | Cut-off | Duration |
| General Stream Paper I | MCQs on General Studies (IFSCA Act, Banking, Capital Markets, Economics, Financial Awareness, etc.) | 50 | 100 | 40% | 60 Minutes |
| Legal Stream Paper I | MCQs on Subjects of Special Interest | ||||
| Aggregate Cut-off | 40% | ||||
Why You Must Complete Last Year’s Papers
Know the Paper Pattern: PYQs help you avoid surprises on test day by accurately reflecting the questions, marking system, and degree of difficulty.
Identify Key Topics: You can determine which topics require more attention during revision by looking at recurrent themes.
Improve Time Management: You can learn to efficiently balance speed and accuracy by practicing within the exam’s time constraints.
Assess Your Readiness: Completing PYQs allows you to see how prepared you are and where you need to make improvements.
Develop Exam Confidence: Being familiar with actual exam questions helps students feel less nervous and more confident before the test.
Top 5 Important Questions from IFSCA Grade A Previous Year Papers
1. Finance & Economy
Q1. What is the primary objective of the International Financial Services Centres Authority (IFSCA)?
Answer: To develop and regulate financial services, financial products, and financial institutions in International Financial Services Centres in India.
2. Current Affairs / Regulatory Bodies
Q2. Which city in India houses the headquarters of IFSCA?
Answer: GIFT City, Gandhinagar, Gujarat.
3. Banking & Financial Markets
Q3. In the context of financial services, what does the term “FinTech” stand for?
Answer: Financial Technology—the use of technology to provide improved financial services.
4. International Relations/Economy
Q4. The International Financial Services Centre (IFSC) in India is modeled on which global financial hub?
Answer: Similar to hubs like Singapore, Dubai, and London.
5. Securities Market / Capital Market
Q5. Which of the following is the regulator of securities markets in India?
(a) RBI
(b) SEBI
(c) IRDAI
(d) IFSCA
Answer: (b) SEBI (Securities and Exchange Board of India).