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GIC Scale 1 Assistant Manager (Finance) 2021: Exam Pattern & Syllabus

Published on Thursday, March 11, 2021

Dear Readers,

General Insurance Corporation of India (GIC of India) has released an official notification inviting eligible candidates for the post of Officer Scale I in the cadre of Assistant Manager (Finance) Scale I. We are sharing the Important information about the latest notification about the Exam date, Number of vacancies, Exam Pattern and Syllabus for GIC Scale 1: Assistant Manager (Finance) according to the latest pattern.
Official Notification

Number of Vacancies


Important Dates

On line, Registration commences from


Last Date for Online Registration


Payment of Application fees

From 11.03.2021 to 29.03.2021

Tentative Date of Online Examination

9th MAY 2021 (Afternoon Shift)

Downloading of call letters for examination commences from

Around 10 days prior to the date of examination

Online Pre-recruitment training for SC/ST/OBC/PWD candidates

26.04.2021 TO 29.04.2021

Eligibility Criteria

Educational Qualification

  • Graduation in any discipline with a minimum of 60% marks for General & OBC candidates (55% for SC/ST candidates) and candidates should have passed the Final examination of Institute of Chartered Accountants of India. Candidates should provide their membership number and the same will be verified with the Institute of Chartered Accountants of India.

Age Criteria

  • Minimum age: 21 years.
  • Maximum age: 30 years
  • The candidate should have been born not earlier than 02.02.1991 and not later than 01.02.2000 both days inclusive.

Relaxation in upper age limit

Schedule Caste / Scheduled Tribe

5 Years

Other Backward Class (eligible for reservation)

3 Years

Person with Disability

10 Years

Ex-Servicemen / Disabled Ex-Servicemen

Actual period of service rendered in the defence forces + 3 years (8 years for Disabled Ex-Servicemen belonging to SC/ST) subject to a maximum age limit of 45 years

Widows, Divorced women and women legally separated from their husbands who have not remarried

9 years

Existing Confirmed Employees of Public Sector General Insurance Companies (including GIC & Agriculture Insurance Company of India Ltd.)

8 years

Selection Process



Max. Marks

Number of Questions


Professional Knowledge








Test of Reasoning




Test of English Language




Test of General Awareness




Test of Numerical Ability & Computer Literacy



Part C (Descriptive)

Test in English Language – Essay, precise and Comprehension







  • Minimum qualifying marks in the online test – 60% for General & OBC and 50% for SC /ST. o
  • Minimum qualifying marks for the overall selection process (online test, GD and Interview) – 60% for General & OBC and 50% for SC /ST.

Syllabus for Part A

Finance & Accounts

  • Fundamentals of Accounting with a focus on data entry and basic accounting laws
  • Fundamentals of Business Law/ Corporate Law
  • Income Tax Act 1961 with a focus on the latest Budget Amendments
  • Indirect Taxation with focus on CGST Act, 2017
  • Investment Operations with a focus on Fundamentals, knowledge of workings of BSE, NSE commodities exchange
  • Fundamentals of Auditing with focus on Auditing and Assurance Standards as issued by ICAI
  • Fundamentals of Cost Accounting with a focus on Budgeting 
  • Banking services fundamentals with a focus on LC, bank operations

Syllabus for Part B

Reasoning Ability

  • Machine Input Output
  • Puzzles
  • Seating Arrangement
  • Order and Ranking
  • Inequalities
  • Statement and Assumptions
  • Statement and Conclusion
  • Coding-Decoding
  • Cause and Effect
  • Statement and Argument
  • Venn Diagram/Syllogism
  • Blood Relation
  • Direction and Distance

English Language

  • Reading Comprehension
  • Para-jumbles
  • Sentence-connectors
  • Double Fillers
  • Idioms and Phrases
  • Vocabulary based questions
  • Error Spotting
  • Match the sentences

General Awareness

  • Banking Reforms
  • Regulatory Bodies in India- NABARD, SEBI etc.
  • International Banking
  • Latest circulars of RBI and SEBI
  • Latest Updates in Financial & Capital Markets
  • Financial Terms
  • Banking Terms
  • Latest Acts related to Banking
  • Priority Sector Lending
  • NPA - latest news
  • RBI Monetary Policy
  • Capital & Money Market Instrument
  • Commercial Banks, NBFCs, HFC - Latest news
  • Mergers and Acquisitions in Banking Companies
  • Credit Rating and Agencies
  • Payment Options- NEFT, RTGS, Bharat Bill payment etc.
  • Complete List of Obituaries 2021
  • Recently Appointed Brand Ambassadors List
  • Monthly GK Digest
  • Ministry of Cabinet Ministers
  • Renamed Govt. Schemes, Cities, Airports & Railway Stations
  • Indian Financial System
  • Financial market instruments
  • International reports and indices
  • Important committees
  • Foreign investment and trade
  • Growth numbers by various organization
  • Union budget
  • Latest mergers and MOUs of banks and financial institutions
  • Heads of various financial organizations
  • Mutual Funds
  • Basel Norms
  • Regulatory organizations: SEBI/NABARD/RBI
  • Joint Military Exercises of India
  • List of Summits and Conferences
  • India's Rankings in Different Indices
  • List of Appointments in 2021
  • List of Important Days With Themes
  • List of MoUs signed by India in 2021
  • Upcoming Sports Event From 2017-2023
  • List of Sports Events & Winners – 2021
  • Awards and Honours 2021

Quantitative Aptitude

  • Data Interpretation
  • Boats and Streams
  • Time and Work
  • Time, Speed and Distance
  • Partnership
  • Mixtures and Alligation
  • Ages and Average
  • Profit and Loss
  • Percentage and Interest
  • Problems on Trains
  • Pipes and Cisterns
  • Area and Volume
  • Number Series

Computer Awareness

  • Hardware and Software
  • Operating System Ba
  • Internet Terms and Services
  • MS-Office (MS-Word, MS-Excel, MS-PowerPoint)
  • History of Computers
  • Networking and Communication
  • Database
  • Security Tools and Viruses.

Syllabus for Part C

English (Descriptive Test) 
  • Precise Writing
  • Essay Writing
  • Letter Writing
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ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

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