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PFRDA Grade A Recruitment 2022 - Syllabus and Preparation Guide

Published on Wednesday, November 23, 2022
Pension Fund Regulatory and Development Authority (PFRDA) invites applications from Indian citizens for filling up the posts of Officer Grade ‘A’ (Assistant Manager) for the General, Finance and Accounts, Information Technology, Research (Economics), Legal and Official Language (Rajbhasha) Streams.

Number of Vacancies

  • General Stream: 15
  • Legal Stream: 2

Important Dates

Activity Important Dates (PFRDA reserves the right to make any changes)
On-Line Application and Payment of fee On-Line 15.09.2022 – 07.10.2022
Availability of Call Letters for Phase – I & Phase – II On-line Examinations on the PFRDA website 25th October 2022
Phase I On-Line Examination 5th November 2022
Phase II On-Line Examination 4th December 2022
Phase III Interview Will be intimated to candidates successful in Phase II by E-mail/SMS.

Eligibility Criteria:

Age Limit (as on 31/07/2022):

  • A candidate must not have exceeded the age of 30 years as on July 31, 2022, i.e., the candidate must have been born on or after August 01, 1992.
  • The upper age limit prescribed above will be relaxable:
    • up to a maximum of five years for candidates belonging to a Scheduled Caste or a Scheduled Tribe if the posts are reserved for them;
    • up to a maximum of three years in the case of candidates belonging to Other Backward Classes who are eligible to avail of reservation applicable to such candidates if the posts are reserved for them.

Educational Qualification:

  • General Stream: Master's Degree in any discipline or Bachelor's Degree in Law or Bachelor's Degree in Engineering from a recognized University or ACA/ FCA from ICAI
  • or
  • ACS/ FCS from ICSI
  • or
  • ACMA/ FCMA from ICMAI (erstwhile AICWA/ FICWA from ICWAI) or CFA from CFA Institute.
  • Legal Stream: Bachelor’s Degree in Law from a recognized University / Institute.

Exam Pattern of Phase I On-Line Examination

Paper Streams/ Subject Maximum Marks No. of Questions Duration
Paper 1 All Streams: Multiple choice questions on the subjects English Language 25 20 60 Minutes
Quantitative Aptitude 25 20
Test of Reasoning 25 20
General Awareness (including some questions related to Financial Sector) 25 20
Total 100 80
Paper 2 General Stream: Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics, and Pension Sector 100 50 40 Minutes
Information Technology, Finance, and Accounts, Research (Economics), Legal and Official Language (Rajbhasha) Streams: Multiple choice questions on Specialised subjects related to the stream. 100 50 40 Minutes

Exam Pattern of Phase II On-Line Examination

Paper Streams/ Subject Maximum Marks Duration No. of Questions
Paper 1 All Streams: English (Descriptive Test) to test the drafting skills 100 60 minutes 3
Paper 2 General Stream: Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act and Economics, and Pension Sector. 100 40 minutes 50
Information Technology, Finance and Accounts Research (Economics), Legal and Official Language (Rajbhasha) Streams: Multiple choice questions on Specialised subjects related to the stream. 100 40 minutes 50

Syllabus for Paper 1 of Phase 1

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
  • Linear equations
  • Quadratic equations
  • Data sufficiency

Reasoning

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

English

  • Reading Comprehension
  • Cloze Test
  • Error Spotting
  • Double Fillers
  • Sentence Rearrangement
  • Vocabulary Based Questions

General Awareness with Special Reference to Banking Industry      

  • 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
  • SARFAESI Act
  • 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 2022
  • 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 organizations
  • 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 2022
  • India's Rankings in Different Indices 2022
  • List of Appointments in 2022
  • List of Important Days With Themes
  • List of MoUs signed by India in 2022
  • List of Sports Events & Winners – 2022
  • List of Awards and Honours 2022

Syllabus for Paper 1 of Phase II English Writing Skills

English (Descriptive Test) 
  • Precise Writing
  • Essay Writing
  • Comprehension

Professional Knowledge Syllabus for General Stream Paper 2 (Common for both Phases)

A. Commerce & Accountancy 

  1. Accounting as a financial information system.
  2. Accounting Standards with specific reference to Accounting for Depreciation, Inventories, Revenue Recognition, Fixed Assets, Foreign Exchange Transactions, Investments.
  3. Cash Flow Statement, Fund flow statement, Financial statement analysis; Ratio analysis.
  4. Accounting for Share Capital Transactions including Bonus Shares, Right Shares. 
  5. Employees Stock Option and Buy-Back of Securities. 
  6. Preparation and Presentation of Company Final Accounts.

B. Management 

  1. Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and Controlling. 
  2. The Role of a Manager in an Organization. Leadership: The Tasks of a Leader.
  3. Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. 
  4. Human Resource Development: Concept of HRD; Goals of HRD.
  5. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale. 
  6. Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology. 

C. Finance 

  1. Financial System- Role and Functions of Regulatory bodies in the Financial Sector. 
  2. Financial Markets- Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, and recent developments. 
  3. General Topics 
    • Basics of Derivatives: Forward, Futures, and Swap 
    • Recent Developments in the Financial Sector 
    • Financial Inclusion- use of technology 
    • Alternate source of finance, private and social cost-benefit, Public-Private Partnership 
    • Direct and Indirect taxes; Non-tax sources of Revenue, GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM), 
    • Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components, and trends.

D. Costing 

  1. Overview of Cost and Management Accounting - Introduction to Cost and Management Accounting, Objectives, and Scope of Cost and Management Accounting. 
  2. Methods of Costing - Single Output/ Unit Costing, Job Costing, Batch Costing, Contract Costing, Process/ Operation Costing, Costing of Service Sectors. 
  3. Basics of Cost Control and Analysis - (i) Standard Costing, (ii) Marginal Costing, (iii) Budget and Budgetary Control. 
  4. Lean System and Innovation:- 
    • Introduction to Lean System 
    • Just-in-Time (JIT)
    • Kaizen Costing 
    • 5 Ss 
    • Total Productive Maintenance (TPM) 
    • Cellular Manufacturing/ One-Piece Flow Production Systems 
    • Six Sigma (SS) 
    • Introduction to Process Innovation and Business Process Re-engineering (BPR)

E. Companies Act 

  1. The Companies Act, 2013 – Specific reference to Chapter III, Chapter IV, Chapter VIII, Chapter X, Chapter XI, Chapter XII, and Chapter XXVII.

F. Economics 

  1. Demand and Supply, Market Structures, National Income: Concepts and Measurement, Classical & Keynesian Approach Determination of output and employment, Consumption Function, Investment Function, Multiplier and Accelerator, Demand and Supply for Money, IS-LM, Inflation and Phillips Curve, Business Cycles 
  2. Balance of Payments, Foreign Exchange Markets, Inflation, Monetary and Fiscal Policy, Non-banking Financial Institutions.

G. Pension Sector

  • Status of the pension sector in India
  • Types of retirement schemes in India and their features
  • National Pension System
  • Atal Pension Yojana
  • Annuity Plans
  • Basics of investment

Professional Knowledge Syllabus for Legal Stream Paper 2 (Common for both Phases)

  • PFRDA Act, 2013,
  • IRDAI Act, 1999,
  • SEBI Act, 1992
  • Constitution of India –Preamble, Part I, Part III, Part IV, Part IVA, Part V, Part VI, Part VIII, Part IXA, Part IXB, Part XI, Part XII, Part XIII, Part XIV, Part XIVA, Part XX,
  • Law of Contracts –Indian Contract Act, 1872 (Chapters I to VI and VIII to X), Indian Partnership Act, 1932, Specific Relief Act, 1963,
  • Criminal Law –Indian Penal Code, 1860 (Chapters I, II, III, IV, V, VA, VI, IX, XVII, XXI, XXII, XXIII); Code of Criminal Procedure, 1973,
  • Law of Evidence –Indian Evidence Act, 1872,
  • Code of Civil Procedure, 1908 –Part I, Part II, Part III, Part IV, Part V, Part VII, Schedule-I,
  • Administrative Law and Principles of Natural Justice,
  • Jurisprudence and Interpretation of Statutes,
  • Important Latin terms and maxims,
  • Law of Torts and Consumer Protection Act, 2019,
  • Arbitration and Conciliation Act, 1996 –Part I, Part III, Part IV,
  • Transfer of Property Act, 1882 –Chapter III, Chapter IV, Chapter V,
  • Law of Trusts –Parties to a Trust Deed and Duties of Trustees,
  • Corporate Law –Companies Act, 2013 (Chapter I, Chapter II, Chapter III, Chapter IV, Chapter V, Chapter VII, Chapter VIII, Chapter IX, Chapter X, Chapter XI, Chapter XII, Chapter XIII, Chapter XV, Chapter XVI, Chapter XXVII, Chapter XXVIII, Chapter XXIX); Limited Liability Partnership Act, 2008; Insolvency and Bankruptcy Code, 2016 (Part I, Part II),
  • Taxation –General principles

PFRDA Officer Grade A (ASSISTANT MANAGER) 2022 Course by Ramandeep Singh

  • Video Lessons for Phase I and II
  • Based on the latest syllabus(2022)
  • Downloadable and Print-friendly Study material
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