Table of Contents
The IFSCA Grade A Previous Year Question Paper is the most important study material for the candidates who are preparing for the upcoming Assistant Manager examination. Solving previous years papers gives the candidates an opportunity to understand the actual question format, topics asked and the level of preparation required for Phase I and Phase II.
IFSCA Grade A Previous Year Question Papers
The International Financial Services Centres Authority (IFSCA) will release the IFSCA Grade A Notification 2026 for Assistant Manager posts. To score the best, candidates need to understand the exam pattern and syllabus, and solve PYQs. The last step is of utmost importance as it helps in understanding the exam pattern, spotting important topics, and boosting time management.
The IFSCA Grade A PYQs are memory-based questions from previous recruitment phases of Phase I and Phase II papers. The candidates can use these PDFs along with the latest syllabus to make a focused preparation strategy.
IFSCA Grade A Previous Year Question Papers PDFs
IFSCA Grade A previous year question papers are of immense help in a candidate’s exam preparation. There are two phases in IFSCA Grade A.
- Paper 1 (Objective): Covers General Awareness, English, Quantitative Aptitude, and Reasoning.
- Paper 2 (Objective):
- Paper 1: Focuses on Finance, Commerce, Economics, and Current Affairs.
- Paper 2: Focuses on specialised subjects.
| Previous Year Paper | Download Link |
| IFSCA 2024 Phase 1 | Download PDF |
| IFSCA 2024 Phase 2 | Download PDF |
IFSCA Grade A Exam Pattern 2026
The Phase I Exam of IFSCA Grade A for Assistant Manager will include two papers. To qualify for the next stage, candidates must secure at least 40% marks in total. Both Paper 1 and Paper 2 will carry negative marking, with 1/4th of the marks for each question deducted for every wrong answer.
Candidates need to score a minimum of 30% in Paper 1 and there is no sectional cut off. The qualifying score for Paper 2 is set at 40%.
| IFSCA Grade A Phase 1 Pattern (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 | Time Duration | Weightage | Cut-off |
| Precis Writing | 35 |
60 Minutes
|
1/3rd
|
30%
|
| Essay Writing | 30 | |||
| Comprehension | 35 | |||
| Total | 100 | |||
To move forward to Phase II, aspirants must clear these individual paper cut-offs as well as the overall aggregate cut-off of 40%. Paper 1 is only qualifying in nature and does not count in the final merit.
| IFSCA Grade A Phase 2 Exam Pattern 2026 | |||||
| Paper | Subjects | No. of Questions | Max. Marks | Cut-off | Duration |
| Paper I(General Stream) | MCQs on General Studies (Financial awareness, Economics, Banking, Capital Markets, IFSCA Act, etc.) |
50
|
100
|
40%
|
60 Minutes
|
| Paper I (Legal Stream) | MCQs on Specialised Subjects | ||||
| Aggregate Cut-off | 40% | ||||
Why You Need To Solve Previous Year Papers
There are certain benefits to solving previous year question papers. These benefits have been explained below:
- Understand the Paper Pattern – PYQs reflect the exact type of questions, marking scheme, and difficulty level, helping you avoid surprises on exam day.
- Spot Important Topics: By analyzing recurring concepts, you’ll know which subjects deserve more attention during revision.
- Boost Time Management: Practicing within the exam’s time limits trains you to balance speed and accuracy effectively.
- Evaluate Your Readiness: Attempting PYQs gives you a clear picture of your preparation level, highlighting areas where you need improvement.
- Build Exam Confidence: Familiarity with real exam questions reduces anxiety and builds self-assurance before the actual test.









SBI Clerk Prelims Admit Card 2026 Out at...
RRB ALP CBT 2 Cut Off 2026 Out, Check Of...
UPCISB Exam Date 2026 Out for Phase 2 fo...



