IFSCA Grade A Phase 2 Memory Based Questions Free e-book

IFSCA Grade A Phase 2 Memory Based Questions

PAPER 1: ENGLISH

3 Essay topics: Word Limit 250 Words

1. Role of time management for working individual.

2. Role of urbanization in development on Indian Economy.
3. Not able to recall

Precise writing:
Topic: Synthetic identity fraud in banking and financial sector. Steps to prevent it.

Reading Comprehension:

Based on the theory of demographic transition of population theory and comparison

given with other theory of population.

5 questions:

1. What are the 3 stages of population given by theory of demographic transition?

2. What are other 5 stages given by other scholars?
3. Why transition theory is more good than optimum theory?
4. Why theory of demographic transition is superior than all the theories of
population?
5. Not able to recall

PAPER 2: Question were asked on following topics

1 . IFSCA (Rules and Regulation) 11 Questions

2. IFSCA Act 2 questions
3. Budget 7 questions (Current Based)
4. Economic Survey 7 questions (Current Based)
5. RBI (Rules and Regulations) 7 questions
6. SEBI (Capital Market + Rules and Regulations) 6 questions
7. Insurance: 4 ques
8. GFCI 1 Questions

IFSCA Grade A Phase 2 Memory Based Questions

1. What was the LIC IPO issue size?
Answer: Rs 21,000 crore or 2.7 billion dollars

2. As per IFSC term deposit, a single term deposit of ____________or

above and equivalent amount in any other freely convertible foreign
IFSCA Grade A Phase 2 Memory Based Questions Free e-book

currency shall be treated as “Bulk deposit”.

Answer: USD 500000

3.As per the Union Budget 2023-24, the States will be allowed a fiscal
deficit of ______________of GSDP of which _______________will be tied
to power sector reforms
Answer: 3.5 per cent, 0.5 per cent

4. As per the framework SSE issued by SEBI, NPOs may not raise funds
from______________.
Answer: NPOs can raise funds through zero-coupon zero principal bonds and mutual funds.
(Can’t recall the options)

5. What is the minimum lock in period of Long Term government deposit

under MLTGD scheme as per Gold Monetisation Scheme direction?
Answer:There is a minimum lock-in period of 3 years in MTGD and 5 years
in LTGD.

6. Which of the following is not a financial service as per the IFSCA?

Answer: Deposits

7. Multiple statements are given related to IBU. Which of the following

statement is correct
Answer: Not covered under Centralised Deposit Insurance scheme

8. How many Pension Funds are there in NPS other than the government
sector?
Answer: 10 but three are common for both government and non-
government sector so 7 is the answer

9. The Corpus of Social Impact Funds on SSE is ______________.

Answer: Rs 5 crores

10. Which of the following is not an appropriate regulator?

Answer: NFRA

11. What is the main objective of the Capital issue of a company?

Answer: To meet working capital requirements

12. As per the Swiss Re Institute World Insurance, India is expected to

emerge as one of the top six insurance markets by ________________.
Answer: 2032

13. What is the budget outlay for Phase 3 of the E-Courts project?
Answer: 7000 crores

14. As per IRDAI, Corporate Agent (Health) may have arrangements with
IFSCA Grade A Phase 2 Memory Based Questions Free e-book

a maximum of ______________ health insurers.

Answer: Three

15. According to Economic Survey

(i) Merger of Railway budget with General Budget
(ii) Discontinuation of Plan and Non Plan expenditure
(iii) Shifting date of Budget to 1st Feb
In which of the following years it has been done?
Answer: 2017-18

16. GST collection has gone up from _______________in FY 2017-18 to

Rs 1.49 lakh crores in FY23.
Answer: 0.9 lakh crore

17. Under the MLTGD scheme, each designated bank shall maintain gold
stock at least equivalent to gold redemption due in next _____________
months, out of gold mobilized.
Answer: 3

18. Under the MLTGD scheme, which of the following can participate in the
auction of gold?
Answer: Banks, RBI and NMTC (All can participate)

19. As per the Union Budget 2023-24, UIDF will be managed by

_____________ .
Answer: NHB in Tier 2 and Tier 3 cities

20. IFSCA assumed the power of RBI, SEBI, IRDAI, PFRDA from
______________.
Answer: October 1st, 2020

21. Which of the following is not one of the top 5 GFC as per the Global
Financial Index Report 33?
Answer: Shanghai

22. CRAs registered under NPS are _______________.

Answer: Computer Age Management Services Ltd (CAMS), Protean eGov
Technologies Ltd, KFin Technologies Limited

23. How many Clearing Corporation are there in India as on 31st March
2022?
Answer: 5
If question was how many are operational in IFSCA then answer will be 2

24. Which of the following is the biggest IPO in India issued in 2021-22?
Answer: Paytm
IFSCA Grade A Phase 2 Memory Based Questions Free e-book

25. Which of the following is not applicable in Bank Unit (BU) at GIFT IFSC?
Answer: Cash Reserve Ratio (CRR)

26. As per the IFSCA annual report, national turnover in RSE in 2021-22
was USD 2817 billion, showing an increase of around______________.
Answer: 45%

27. Which of the following is the 1st International University of the IFSCA?
Answer: Deakin University

28. Which of the following countries is the largest insurance market in the
world?
Answer: USA

29. KCC was extended to fisheries and animal husbandry in ____________

.
Answer: 2018-19

30. Mahila Samman Saving Certificate is available up to _____________

with a cap of _____________.
Answer: March 2025, Rs 2 lakh

31. In 202, India bought ____________ of gold jewelleries, second only

to____________.
Answer: 611 tonnes, China

32. Which of the following acts is administered by RBI?

Answer: Except insolvency and bankruptcy all other

33. In the Union Budget 2023-24, the fiscal deficit to GDP is pegged at
__________in FY24 and has a target to bring down the fiscal budget to
below 4.5 per cent by ____________.
Answer: 5.9%, 2025-26

34. NBFC factors deriving at least _______________ income from factoring

activity will be eligible for bank finance.
Answer: 50 Percent

35.RBI has decided that the minimum leverage ratio shall be

______________for domestic systemically important banks (D-SIBs).
Answer: 4%

36. Life insurance density in India increased from US$ 11.1 in 2001 to __________in 2021.
Answer: $91

37. Exposure of equity in Atal Pension Yojana?

IFSCA Grade A Phase 2 Memory Based Questions Free e-book

Answer: Less than 50 percent

38. Present ceiling of bank credit linked to the Net Owned Fund (NOF) of
NBFC is _________________.
Answer: 10 crores

39. India surpasses Japan and _______________ to become 3rd largest

automobile market in the world.
Answer: Germany

40. _____________ category I and II AIF, _______________ category III

AIF.
Answer: 10, 14

41. As per Economic Survey, which of the following is not a challenge for
the agriculture sector?
Answer: MSP that is inadequate to cover cost of production

42. IFSC enjoys ______________income tax exemption for

_______________ out of 15 years.
Answer: 100%, 10

43. Which of the following is not one of the five sectors for which 100 critical
transport infrastructure has been identified?
Answer: 100 critical transport infrastructure projects, for the connectivity
of ports, coal, steel, fertilizer and food grains sectors have been identified
(Option other than this five sectors were wrong)

44. IFSCA Act enacted in ________________.

Answer: 2019

45. Total Expenditure of CG is _______________

Answer: 45 lakh crore

46. Lock in period for anchor investors are ____________.

Answer: 30 days

47. What is the minimum issue size of an IPO in IFSC?

Answer: USD 15 million

48. Which of the following individuals invest under the RBI Retail Direct
Scheme?
Answer: All options were right

49. ____________ was the only city to issue municipal bonds in the year
2021-22.
Answer: Indore
IFSCA Grade A Phase 2 Memory Based Questions Free e-book

50. In IFSC, the parent bank provides a minimum capital of

___________________ to an IBU.
Answer: USD 20 million
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