Mr. Jatin Ahuja | IFSCA Grade A 2023 Officer | Interview with Toppers of IFSCA Grade A

Summary

In this informative session, a top-scoring candidate shares his strategies and experiences in successfully clearing the IFSCA Assistant Manager exam. Despite a non-traditional background, he emphasizes the importance of interest and dedication in finance, detailing his preparation for the exam's three phases, including managing time effectively and focusing on key subjects. He advises aspirants to be persistent, believe in their abilities, and stay informed on financial matters, ultimately achieving success through hard work and determination.

Takeaways

• 🎓 The interviewee, Mr. Jatin Nahuja, is a B.Tech graduate from NIT Trichy who successfully cleared the IFSCA Assistant Manager exam despite having a non-commerce and finance background.
• 📈 Jatin's interest in finance began in 2020, sparked by market movements and a desire to invest, leading him to learn about financial markets and regulators like RBI and SEBI.
• 🚀 Motivated by the opportunity to contribute to the financial sector's development, Jatin decided to prepare for the IFSCA exam in January 2022, after the notification was released.
• 📝 The IFSCA exam consists of three phases: a screening phase one, a shortlisting phase two, and an interview. Phase one tests general awareness in the financial sector, English, quantitative aptitude, and reasoning.
• 🔍 For phase one preparation, Jatin relied on his existing knowledge from other competitive exams and daily reading of financial news for general awareness.
• 📚 Jatin emphasized the importance of understanding the syllabus and exam pattern, noting the differences between phase one and two, and the need to prepare for both.
• ⏰ Time management was crucial for Jatin, who started preparing for phase two before phase one results were out, giving him a head start.
• 📉 In phase two, the exam was data-driven and required knowledge of specific financial terms and recent developments in the financial sector, including IFSCA's role.
• 🗂 Jatin used multiple sources, including online courses and the IFSCA website, to prepare for phase two, focusing on topics that were directly related to the syllabus.
• 💡 He shared the strategy of ensuring no grammatical errors in descriptive sections and adhering to word limits, which was crucial for scoring well in the English section.
• 🤝 Jatin's interview preparation included knowing his biodata in detail, staying updated with financial news, understanding the IFSCA organization, and being prepared to answer technical questions.

Q & A

What is the significance of the International Financial Services Centers Authority (IFSCA) recruitment process discussed in the video?

The IFSCA recruitment process is significant as it selects Assistant Managers who will contribute to the financial sector development in the country. The video features a topper who has successfully cleared this process and shares his strategies and experiences.

What was the educational background of the topper featured in the video?

The topper, Mr. Jatin Nahuja, has a B.Tech degree from NIT Trichy, which is a background in engineering rather than commerce or finance, showing that candidates from diverse educational backgrounds can succeed in IFSCA exams.

How did Mr. Jatin Nahuja's interest in finance and markets develop?

Mr. Jatin Nahuja's interest in finance and markets began in 2020 when he noticed a lot of movements in the markets and wanted to learn more about them. His curiosity was piqued, and he started reading daily to understand the basics of finance.

What motivated Mr. Jatin Nahuja to prepare for the IFSCA examination?

Mr. Jatin Nahuja was motivated to prepare for the IFSCA examination after learning about the role of financial regulators and the opportunity to contribute to the financial sector's development by joining such a prestigious organization.

How did Mr. Jatin Nahuja approach the preparation for the IFSCA examination given his non-finance background?

He initiated his preparation by learning about the basics of finance and markets, focusing on understanding financial terminologies and concepts. He also leveraged his existing knowledge from other competitive exams like CB and PFRDA to tackle the syllabus.

Can you explain the structure of the IFSCA examination as discussed in the video?

The IFSCA examination consists of three phases. Phase one is a screening test with two papers, each focusing on different areas like General Awareness specific to the financial sector, English, Quantitative Aptitude, and Reasoning. Phase two is more detailed and includes subjects like Capital Markets, Banking, Insurance, Pension Funds, and Global Financial Centers. The final phase is an interview.

What was Mr. Jatin Nahuja's strategy for preparing for phase one of the IFSCA examination?

Mr. Jatin Nahuja focused on understanding the basics of the subjects required for phase one, such as General Awareness related to the financial sector, Quantitative Aptitude, and Reasoning. He utilized his knowledge from previous exams and daily reading to prepare for the test.

How did Mr. Jatin Nahuja manage his time for preparing for the IFSCA examination?

He started preparing for phase two before phase one, giving himself one month for phase two preparation. After phase one, there was a gap of 25 days before phase two, which he utilized for further preparation.

What was the nature of the questions in phase two of the IFSCA examination according to Mr. Jatin Nahuja?

Phase two of the IFSCA examination consisted of multiple-choice questions that were data-driven and required in-depth knowledge of the subjects. The questions were based on specific data from reports and financial documents.

How did Mr. Jatin Nahuja ensure that he did not exceed the word limit in the descriptive English section of the examination?

He made sure to complete the essays within the specified word limit and re-read them multiple times to ensure there were no grammatical errors. He also ensured that the content justified the requirements of the question.

What advice does Mr. Jatin Nahuja have for aspirants preparing for the IFSCA examination?

He advises aspirants not to be afraid of failure and to believe in themselves. He emphasizes the importance of being honest during the interview process and not to fabricate information.

How did Mr. Jatin Nahuja feel when he saw his name on the merit list for the IFSCA examination?

He described it as a dream come true and one of the most joyous moments of his life. He was on a train when he found out about his success, which made the moment even more unexpected and exciting.

Outlines

00:00

🎓 Introduction to the Topper's Interview

The script opens with a warm welcome to an educational platform, Edit App, where a top-scoring candidate from the International Financial Services Centers Authority (IFSCA) recruitment for Assistant Manager in 2023 is invited to share insights. The candidate, Mr. Jatin Nahuja, is introduced as an inspiration for aspirants, having successfully cracked the exam with a background in B.Tech from NIT Trichy. The session aims to discuss his strategies, resources, and experiences, emphasizing the importance of preparation and the relevance of his Commerce and finance knowledge to the exam, despite being from a different academic background.

05:01

🚀 Motivation and Preparation Strategy for IFSCA

The candidate, Jatin, shares his journey of interest in finance and markets, sparked by market movements in 2020. Initially clueless about the share market, he developed an interest in investing and began learning finance basics daily. His fascination with the role of financial regulators led him to consider a career with such organizations. Jatin narrates his decision to prepare for the IFSCA exam in January 2022, his initial lack of expectation, and the strategy he adopted to clear the first phase, which included a general awareness test on financial sector-specific topics, English, and quantitative reasoning.

10:03

📚 Navigating the IFSCA Exam Phases

The script delves into the structure of the IFSCA exam, highlighting the three distinct phases: a screening phase one with two papers (general awareness, English, and quantitative reasoning), a phase two with more in-depth subject matter, and an interview. Jatin discusses his preparation strategy for phase one, emphasizing the importance of understanding the exam pattern and scoring criteria. He also touches upon the computer-based test format and the need to manage time effectively, given the vast syllabus and the short time he had for preparation.

15:05

📈 Focusing on Financial Terminology and Current Affairs

Jatin provides insights into his approach to the general awareness section of the exam, which focused on financial sector-specific news and static financial terms. He clarifies that the exam did not delve into general current affairs outside the financial sector. He also discusses the importance of understanding basic financial terminologies and staying updated with financial news, which he believes contributed to his success in this section.

20:06

📝 Balancing Preparation Time and Strategic Focus

The candidate talks about managing his preparation time for the IFSCA exam, emphasizing the importance of starting early and dedicating sufficient time to each phase. He mentions that he had very little time to prepare for phase one but managed to clear it by relying on his prior knowledge and quick revision. For phase two, he dedicated more time to understand the new and different syllabus, which included subjects like capital markets, banking, insurance, and global financial centers.

25:09

✍️ English Descriptive Paper and Grammatical Precision

In phase two, the candidate discusses the English descriptive paper, which included press report writing, essay, and comprehension. He shares his strategy of adhering to the word limit, avoiding grammatical errors, and ensuring that his writing justified the question requirements. Jatin also talks about the importance of practice and getting mock tests checked by experts to refine his writing skills.

30:11

📊 Data-Driven MCQs and Time Management

Jatin describes the MCQ-based paper two of phase two as data-driven, with questions rooted in financial data and reports. He emphasizes the importance of knowing the data well, as there was no room for guesswork. His strategy involved ensuring accuracy in the answers to avoid negative marking, managing time effectively, and trusting his subconscious knowledge of the data to answer questions even under pressure.

35:12

🏆 Interview Preparation and Handling Technical Questions

The candidate shares his experience of preparing for the interview, focusing on four key areas: detailed knowledge of one's biodata, basic financial awareness, understanding of the organization, and current financial news. He mentions that the interview was technical and data-driven, with questions based on the IFSCA's activities and financial regulations. Jatin advises aspirants to be honest and composed during the interview, even when faced with difficult questions.

40:13

🎉 Reflections on Success and Encouragement for Aspirants

In the concluding part of the script, Jatin reflects on his journey, the challenges he faced, and the ultimate joy of seeing his name on the merit list. He encourages aspirants not to be disheartened by failures and to believe in their abilities. Jatin's message is one of perseverance, self-belief, and the assurance that hard work and determination will lead to success.

Keywords

💡IFSCA

IFSCA stands for International Financial Services Centers Authority. It is an organization in India that regulates financial services in GIFT City, Ahmedabad. In the video, the theme revolves around the recruitment process for the position of Assistant Manager at IFSCA, and the strategies and preparation required to succeed in the examination for this role.

💡Assistant Manager

An Assistant Manager in the context of IFSCA is a managerial position that the recruitment process was held for in 2023. The role involves contributing to the financial sector development in the country, and the video discusses the journey of a topper who successfully secured this position.

💡Recruitment Process

The recruitment process refers to the series of steps taken by an organization to attract, screen, and hire suitable candidates for a job. In the video, the focus is on the recruitment process for the IFSCA Assistant Manager position, which includes various phases of examination and interviews.

💡Phase One

Phase One is the initial stage of the IFSCA recruitment examination, which is a screening test to shortlist candidates for the next phase. It includes General Awareness specific to the financial sector, English, Quantitative Aptitude, and Reasoning, with each section carrying 25 marks.

💡Phase Two

Phase Two is the subsequent stage of the IFSCA examination, which is more in-depth and carries more weightage in the final selection. It includes both descriptive and multiple-choice questions covering a wide range of topics related to finance and the economy.

💡General Awareness

General Awareness in the context of the IFSCA exam refers to the candidate's knowledge of current events, particularly those related to the financial sector. The script mentions that General Awareness in Phase One is specific to the financial sector, while in Phase Two, it is broader, covering national and worldwide news.

💡Computer-Based Test (CBT)

A Computer-Based Test is an examination conducted via computer, as opposed to the traditional pen-and-paper format. The script clarifies that both Phase One and Phase Two of the IFSCA examination are computer-based, meaning candidates must be comfortable with online testing environments.

💡Cut-off

A cut-off in an examination is the minimum score required to qualify for the next phase or to be considered for selection. The script discusses cut-offs for both Phase One and Phase Two, emphasizing the importance of achieving these minimum scores to progress in the recruitment process.

💡Strategy

In the context of the video, strategy refers to the approach and methods used by the topper to prepare for and succeed in the IFSCA examination. The script details the speaker's strategies for managing time, selecting study materials, and focusing on key subjects within the vast syllabus.

💡Current Affairs

Current Affairs is a term used to describe recent events and developments, especially in politics, economics, and society. In the video, the speaker mentions the importance of staying updated with financial news and current affairs for both Phase One and Phase Two of the IFSCA examination.

💡Economic Survey

The Economic Survey is an annual document in India that provides an overview of the country's economic situation and outlook. The script mentions that the Phase Two examination included detailed questions derived from the Economic Survey, indicating the need for candidates to be well-versed in this document.

Highlights

Introduction of a topper who has qualified for the IFSCA Assistant Manager position in 2023.

Discussion on strategies and resources for aspirants of IFSCA.

Mr. Jatin Nahuja's educational background in B.Tech from NIT Trichy and his interest in finance.

Jatin's initial lack of knowledge in the share market and his subsequent self-education journey.

Motivation to join regulatory bodies like RBI, SEBI due to interest in finance and markets.

Jatin's first attempt at the IFSCA exam in 2022 and his experience with the selection process.

Importance of having a clear motivation and interest in the field for aspirants.

Details of the IFSCA examination structure with three phases.

Phase one being a screening test with specific cut-offs for each paper.

Jatin's strategy for phase one preparation given his limited time.

The difference in syllabus and difficulty level between phase one and phase two.

Jatin's approach to managing time and ensuring no grammatical errors in the descriptive papers.

Use of online courses and websites as study materials for phase two preparation.

Challenges faced during the data-driven MCQs in phase two and Jatin's strategy to tackle them.

Importance of calmness and effective time management during the examination.

Jatin's preparation for the interview phase focusing on biodata, financial awareness, and organization knowledge.

His experience during the interview and the type of questions asked.

Jatin's reaction to seeing his name on the merit list and his advice to aspirants.

Transcripts

hello everyone welcome to edit app and

today we have one topper with us so see

recently the International Financial

Services centers for Authority has

completed its recruitment process for

assistant manager for the year 2023 and

these assistant manager would soon be

joining the authority and we have the

privilege to have one such topper Among

Us who has made it to ifsca organization

and today we are going to discuss all

the strategies that he followed and the

sources everything every question that

an aspirant of ebsco might have in his

mind I have everything we are going to

discuss with sir and uh I am one thing I

want to tell you that even before

starting I can guarantee it is going to

be a very helpful session because uh Mr

jathi nahuja he has done his b-tech from

nit uh trichy and the subjects that are

in ebsca are a little bit related to

Commerce and finance background so we

are going to discuss everything that how

from a separate background he has

initiated he has done everything he has

prepared everything and he made it to

the organization so first of all Mr

jatin I really want to welcome you all

on edutap uh you on edit app and we

Congo we want to congratulate you on the

big win

thank you thank you thank you so much

thank you for providing the

platforms yes sir so we try to give all

the sources that aspirin might need to

clear an uh examination and with the

same intention we have come up with

today's session so starting off uh let's

just talk about how you decided to

prepare for this examination like ifsca

uh means what get into your mind that no

I want to prepare for this examination

and in fact you cleared it even uh

having some separate background

so I think it started from 2020 so I had

completed my graduation at that time and

there was this poet game so suddenly

there was this lot of movements in the

markets and at that time I didn't know

anything about the share market Equity

that nothing right you know so and I had

joined my company uh after some few

months uh in the private company which I

bought from the campus placement and

after that I started earning money so I

would like to find the opportunity for

investing uh so at that moment I got

interested in learning about the finance

and markets and I would read one two

hours daily just to know the basics of

what is there and what is all these

things so suddenly I think it started

exciting me like all these things how

Finance can bring the change in people's

lives and how The Regulators are doing

this great job whether it's RBI CBF Rd

all these Regulators so then I came to

know that there is this opportunity that

we can actually join these Regulators

this prestigious organization as a

manager or assistant manager and then

contribute towards this financial sector

development in the country so the editor

all started that I should give I started

to think that I should do this

examination

and I think it was last year 2022

January when the saving notification

came for the previous year that time I

decided okay let's give it a try let's

try to prepare for the CBE exam and see

what happens and at that time I'm not

expecting that I use the interview stage

at that time so I just prepared for the

phase one and I cleared it and then

moved to the place phase two and then

also that go clear uh in the interview I

got one of the highest marks but still

could not make it to the final list and

missed by 0.3 just because I think there

was some last months in the phase two

which had 85 created

list

[Music]

uh so then uh I think this this

notification came and like this right

right and so very important thing that

you have said that because you had

interest in this uh in these kind of uh

the work that these organization do so

of course that was a motivation in

itself uh because as we discussed before

also you're from different background

but just because of the interest you

push to yourself and you prepared for

the examination and it is very important

for the aspirants to have that Clarity

you know when you like something you

will work hard for it so that is very

important for the aspirants also just

don't give any Examination for sake of

giving give there are various

opportunities that are present uh

currently in India just focus on the

things that you would love to do right

and this and this also gives Clarity the

why you should know uh why you want to

join an organization and of course you

would work for that okay so so let's

talk about so basically what happens in

ifca exam ifsca examination there are

three phases phase one which is a just a

screening examination means it will help

you to just get through phase two it is

kind of you can say candidates they are

being shortlisted they have been cut

short we can say uh for the final

competition so we have phase one just a

screening phase and then we have phase

two and then we have interview but so

when I looked uh at the syllabus even

for phase one which is just a screening

it was very vast as well as it was very

different from phase two because uh

usually it happens at phase one phase

two or they are on similar lines in

other examination but here it was

completely different so we are going to

discuss everything one by one because uh

in detail we are going to understand so

that the aspirins they might not have

any doubt after this particular session

so we'll start some phase one and before

even starting yes one thing I want to

make clear to all the aspirants that

both phase one and phase two are

computer-based test everything is online

nothing is pen pen in paper mode so then

in phase one we have two paper paper one

and paper two right so certain Paper and

both are McQ based so sir in paper one

we we have General awareness specific to

financial sector English quants

reasoning uh so and each uh constitute

25 marks each and we have 60 Minutes to

attend those so sir what are the sources

did you refer for these or because you

had good hold on it so you just uh means

what was your strategy I'll just uh

shoot the question

so yeah as you mentioned like phase one

is a qualifying type of test where there

was a fixed cut off so you need to score

30 in paper one and forty percent in

paper two and overall forty percent so

then you will make it to the phase two

so my strategy was based on that

actually the notification came around

February but uh I didn't started

preparing for this exam or didn't even

fill the application form till the last

date of the configuration because I was

hoping for the PF RDA that uh I might

get and then I will decide what to do so

the result got delayed of pfrd and then

I had to mention this so I had very

little time for phase one and even the

phase two so what I uh I just started

when syllabus and in the phase one for

the paper one there are four subject

and English so I think it's the same

pattern as we have in say the MTF

Hardware so uh for the GK I think they

just are the basic Financial portion

which which is some SPM just go to the

basic financial news and basic terms

they will be able to handle uh second

was Quant uh I think I prepared for

plant uh for some of the books for the

CB exam and I didn't prepare

specifically for this exam for point you

bring in English because there was a

fixed 30 cut off and I believe that I

would be able to clear but right uh so

one thing I want to ask the level of

Quant and reasoning in ebsca was it like

other banking examination or what was uh

was it was like RBI or cat level because

in RBI also now they have level up the

types of questions

yeah it was similar to CB and PF audio

RBI there is a little bit higher level

but it's quite similar to say the

another examination

yeah so can we say it is like uh the

basic arithmetic that is asked correct

basic uh fixed on the Quant whether it's

profit and logs timings and everything

basic question not very difficult right

so when you were telling about finite

the general awareness for financial

sector you said that some of the

terminology so like these static

questions related to finance sector are

also asked

uh actually uh uh in other exams such as

they focus on General awareness which is

going on recently financial means

related to the current uh or maybe they

focus on all the news not under the

financial year and say the npf ideal in

if Scott they had specifically mentioned

that General awareness with focus on

financial

sector so yeah yeah so all the questions

were based on that only like they didn't

ask anything from sports or books or I

mean sir one is like in financial sector

whatever General uh things that are

going on like some news happened that

that is related to finance and another

thing is like Statics kind of things as

for example any banking term and all

these things like Financial term are

these things also asked yeah

out of 25 there are five to six

questions

all right all right and as phase one

just constitute the 30 percent you just

have to clear the 30 percent of it so

and there is no sectional cut off for it

right so so one can easily manage if

they focus on two three two subjects

even if they maximum focus on that they

can cross this 30 percent of Target all

right so sir after that paper two

happens in phase one only so one thing

before that one technical thing I want

to ask is do we get break between paper

one or paper two or is it consecutive

only no there's no break it's just one

when the paper one completes paper two

will start there's no it's automatically

will stop automatically will start all

right answer in uh paper one we do not

have any sectional cut off that we have

gotten the idea but is there sectional

timing or you can switch between the

sections

any of the section there's no section so

if someone has some two three uh like

they have some

um holding those subject they can focus

on that and they can easily clear the

face on the 30 percent right the paper

one or phase one right now now so let's

come to phase uh paper two or phase one

only this is also multiple choice

question based but here the syllabus it

is quite Dynamic and it is not

mainstream for example we have general

knowledge of nation and worldwide apart

from that we have economic and social

development we have uh Commerce accounts

management finance and costing Indian

economy we have global economy we have

uh five years plan we have central

government initiative schemes in the

financial sector so it's quite vast if

we say Commerce it's a quite vast uh

subject similarly if it's accounting

management it these all things are very

vast so sir what was your strategy

because it was just qualifying in nature

right so so please share

so yeah there are so there are so many

subjects and I as well I didn't mention

the subtopics in those subject so they

just mentioned Commerce and accountancy

they just mentioned final they didn't

mentioned what are the subtopics we have

to study in that so these subjects in

itself are very vast and as I mentioned

I filled up the form later so I had very

little time for prozone and phase two

was altogether different so I was like

what should we the strategy so I thought

like on these subject I had prepared for

CB and PF party many of these subject

including management Commerce and

accounts first things only subjects

but the phase two was totally different

so I thought like just uh give it a

revision on whatever whatever you have

studied

and hopefully they last similar kind of

questions from that and we just have to

get the 40 so I prove it to be

manageable so I just prepared it for two

three days just the revision of all the

subjects and there were some new

for that right so could you share some

sources like for even PF Rd or CB also

you must have referred to some sources

for accounts costing or uh some of the

subjects if you could remember the

sources and you could share with the

aspirants

yeah I had uh both course one one of the

course I bought for sale because

accountancy I had referred to edit that

material only because it was totally new

to me and I didn't know where from where

I can get the good material uh for I'm

costing also same thing for finance and

economics I had knowledge because of

like interest I used to study articles

and general Google Google I used to do

so I think that I had knowledge from

before and these two subjects even

management or Instagram

right uh so sir uh one thing I want to

ask to regarding paper two only so were

there did you feel like that this

particular subject had more weightage in

the paper to examination or were the

questions they were asked were equally

from all the sections yeah there was

some subject which had uh like too high

rated they had mentioned schemes related

to government sector but there was only

two questions on that and I didn't think

um from Commerce and accountancy as I

think there was 11 to 12 question out of

50 50. okay and in some finance office

in only 12 to 13 questions was there

from economics five to six questions so

these three four subjects was very

important and what they did they did uh

did the task in detail of any subject

they just focus on the basic terminology

basic terms so if you're just aware of

the things you you should be able to

manage that outside

right and so if we look at paper two in

that also we have Journal awareness and

paper one also constituted of General

awareness was specific to financial

sector so so for covering these current

affairs so uh did you refer to any

Source or because you have this habit of

being aware uh so it it was just helpful

for you

things because just been going aware of

the financial things that are going

through so that actually had perfect

right so sir in paper two in GK they

have mentioned National and World wise

news but still were the questions

related to financial sector only or

there were general questions also that

were asked in paper two actually there

was General question uh there was

questions on uh like there were some

award which was given recently so they

had asked what was the amount a price

amount for that award so there was only

Impressions

but uh your strategy was because it was

just only 40 percent you had to score so

your strategy was to uh get all the

marks from the theoretical subject that

you have already prepared for the

examination all right so uh sir in paper

two so there are 50 questions are asked

and these are of two marks each and your

aim was to get the 40 but apart from

this for example in paper one 30 person

needs to be scored and in paper to 40

percent but then there is an aggregate

cut off also that we have to clear that

is cumulative of 40 so did you make any

strategy that I will try to cover

maximum in paper one or in paper two or

you just at that time felt like okay

this section uh is fine I'll just go

with this section

yeah actually I had certainly that uh I

will try to maximize my story paper one

to have that aggregate of 14 because I

was very comfortable with points in

English and so out of the 75 marks from

pointing in English I was I wanted to

score at least 50 to 55s so that would

actually take my score over more than 30

percent and actually the paper was easy

so I could easily manage that right so

uh so that was uh in detail you have

told about paper phase one so now we'll

talk about phase two but even before

starting I want to ask you about the uh

the timings that you give for the

preparation I mean how did you manage

your time

so I started uh for phase one I just

came for three days because I had

already saved the subject right but for

phase two since I had realized it's

important I started it before the phase

one so I had given One V just for the

phase two before the phase one itself

and after that phase one to phase two

there is some gap of 25 days that was

not due to phase two right so so you had

prepared before also for the examination

now you have given and you have cleared

the examination right so on an average

and one thing I can understand and even

I want to say with the to the aspirant

that how many hours to study this

actually depends from person to person

uh that depends from aspirin to aspirin

but if you can give an idea that how

much you know on an average like what is

the level of paper and if somebody wants

to do because sometimes it happens as

you also give your example that from at

till the last moment you did not fill

the form so even if any aspirants who is

waiting and who might change his mind at

the last moment and then they fill the

form so can they year after that means

if they're starting from scratch and now

you have looked at the level of

questions if the starting from sketch

can they do it or they should just wait

for the next cycle

yes it depends on the current level of

rotation so if they are comfortable with

subject like quantities so they did not

did not need to focus on those so they

can manage the phase one uh because

phase two was totally different so

everyone had to prepare from the scratch

so if they had some idea of stage one

because of other exam or because of the

previous background they have studied

some Financial uh things in their

background in their education background

so then they could have managed uh but

otherwise I think we need two or two

months at least four thousand

interesting all right so so phase two I

think it was even completely new for you

as well uh like some of the subjects of

phase one were quite similar to of that

of CB and PF RDA but if I look at the

syllabus of phase two it is very

different if we talk about specifically

paper two correct right it was totally

different plus they didn't mention any

sub purpose they just said which side

they just said Capital markets so

Capital Market packaging itself is a

very used topic like there are so many

terms and technology so they didn't

mention what I want to study so that was

quite a hidden Mystery there and so I

just saw the slavers and I had two

things like uh what we can study from

this so let's create a good topics such

as Capital Market so I thought what they

can ask they can ask either the basics

in the Capital Market uh what all the

basic terms are they related to those

questions or either they can ask what is

happening in the ifsca ifsc related to

the Capital Market so they can ask

according to that

so Capital markets banking Insurance

pension all this I had a similar

strategory D6 plus what is happening in

the ifsc so I started I had knowledge of

capital markets thank you and pension

from the previous exam basics of that

insurance was talking to you so first I

completed the basics of insurance great

so we'll talk in detail about this but

let's just uh start with paper one uh

that happens in phase two and here also

we have paper one paper two so again we

don't get any gap between those or in

this scenario do we get it

okay so again there is no Gap it's

completely towards that you have to

focus on the examination all right so in

phase two of ifsca examination in paper

one we have English descriptive which

constitute of presses essay and

comprehension and they have in fact

mentioned the marks the sofa price is it

is 35 for S8 is 30 and comprehensional

it is 35 all right so I want to ask uh

you regarding the sources if you refer

to the right strategy that you think

that it worked for you adding to that I

also want to ask for pressy when you

will be describing about it that for

example here passive was 35 so was there

word limit mentioned or means did you

feel like that you have to reach to

certain word limit if you want to get 35

marks or person in essay 30 marks

okay so yeah as you mentioned for the

paper one there was three topics uh

first one is passy then I'd say then

reading comprehension and they had

mentioned the marks also but all about

their one thing they did is they

released the handout before the phase

two and in that reading comprehension

they had given the options for each like

it was like a multiple choice so many

students were confused whether it will

be multiple choice or whether it would

be descriptive as usual so if I like

this it came descriptive only in the

final exam so I think I had given this

admpf audio similar kind of pattern was

there in those two of grams also for the

previous exam and one thing I had

realized in those exam and after seeing

their Mass marks was that we should not

exceed the word limit so whatever they

had mentioned uh even 10 to 12 10 to 20

words we should not exceed like whatever

they have mentioned should try to

complete in that and second thing is

there should be no grammatical or they

should be no uh punctuation or any

mistake in that if you are not even

writing very good lines or very fancy

words that is fine but there should not

be any grammatical errors which you are

in for whatever your writing decision

will be on the error saying that and you

have to stick to that one moment so I

made sure so for Tracy they had

mentioned 135 words I have really sure

the completion 135 and there is no

grammatical error from my side uh plus

there was essay of around 200 words

similarly I had to completion 200 words

and uh

make sure that there's no grammatical

error and for reading comprehension they

didn't mention any one in it so I made

sure that whatever I'm writing in

whatever words it should justify the

requirement of the question so whatever

the question is actually that should be

justified later so as you said that this

was the mistake that you committed in

your previous examination and that is

why you focused on grammatical errors uh

there should not be any and also the

word limit so so word limit we can

understand that by practice or by

understanding okay I have to finish it

between uh you know below these words

you you'll be you are able to uh get

that but so specifically for grammatical

errors so how did you focus on that

because usually normal grammatical

errors are different things but as you

mentioned also punctuations the Articles

you know to uh how to use that most

people they are not much aware of it so

sir did you uh like there was some

strategy that you do for it or it was

just practice we can say yeah I think

resource practice I gave around five

months

so I I saw like what are the kinds of

Errors I am making and why I'm making

those basic grammatical mistake so in

the exam I made sure that uh I uh I

first complete my essay then I used to

read it two times so to make sure that

nothing was left out and since I had

decided that one limit should not exceed

so I had time left also because I was

not writing much then what is required

so I had time I used to read it two

times and make sure that nothing is left

on my side one two errors would be fine

like everyone will do this that should

be fine but there should only be many

errors I finished on we should make sure

that even you are not going to the word

minute if the Press C is 135 words and

you are doing it in 120 words that

should be fine but make sure that you

read it two three times and there is no

error but in whatever you are writing

true all right so uh you just mentioned

that you got your mock test checked by

by some expert so if uh if you could

share uh which swords did you refer to

for getting it checked or

[Music]

all right so means even somebody wants

to evaluate they can just uh Google

about the online coachings that refer to

that can that cater to that service and

they can get it evaluated right so yes

sir so uh so that constituted 30 so uh

English and it weightage was only one

third so basically fast parents are

getting confused we have paper one and

paper two so there you can say there is

some sectional cut off that they have to

clear and there will be aggregate cutoff

also so talking about sectional cut off

or for the English descriptive so it was

30 of 100 so basically about 30 they had

to get but uh there was whether for the

aggregate uh the paper one constitute

only the one third of the weightage and

maximum which is two third it was from

paper two which is again McQ based so it

was not descriptive it was just ncq but

there were a lot of subjects that will

be new I think for everybody nobody can

and be prepared for this particular

section and it constituted two thirds

where 50 questions were asked of two

marks each and 100 marks and you were

you every aspirin will get one R to

complete it and here also you have to

score minimum of 40 percent and so

because last as you have said that uh

from your last examination attempts you

have uh you have understood that phase

two it plays a very major role in

examination and in this case also 85

percent was based on this and maximum

weightage offers paper 2 only so I'll

just uh iterate the subject so the

aspirants could know what are the things

they would have to study and one thing

again I would want to say please don't

get freak out looking at the syllabus we

have a live example in front of us who

was from completely different background

what he did for it because he wanted to

do it so you can if you want to so in uh

paper two we have ifscat act that we

have to study apart from that we have

banking uh Capital we have Market

Insurance Pension funds we have

Global Financial Centers all are some of

the things and at the end they have

mentioned Etc also so sir first of all

what did you get from this acceptor that

what can be the things in it

we are in ibps to management but they

actually mentioned this Etc to make they

need to freak out the experience like

they should go and study everything well

I think they generally don't ask

anything from this Etc they just focus

on what all the topics that are

mentioned right so sir did you refer to

like uh was into time consuming going

through different sources for ifsca or

all these things or did you put you

could find everything under a single

roof

so yeah this was like very lengthy plus

very new syllabus nobody would have

studied these things before so I think

as I mentioned I started this even

before the phase one because I knew that

this is important and it will take time

so for some of the things like Capital

markets and banking Plus Insurance I

just studied the basic things basic

terminology plus what is happening in

the ifsc related to this so what all the

regulation that ifs come out respect to

Capital Market with respect to bank to

with respect to insurance and for the

other topics such as ifsc act gift City

uh then ifsc Global Financial Center

iPhone these are just vague terms they

have given and they're not specifically

mentioned what we will ask so my main

sources uh the website and I had

purchased online courses not only one

item had purchased three courses and it

would look like it's a lot of things to

do but then I figure out okay what are

the things important from each of the

courses and then I refer to those

particular thing which I bought based on

my experience to agreement

and this is how this was the strategy

so could you share on what basis did you

decide that okay this topic is seems

more important than the other

so one of the basis was what is there in

the ifta website because the idps

generally used to follow the websites

and they use even used to follow the

admin report of the particular

Organization for this examination so I

went to the website and so what all the

things they are mentioning and what

could be the important things based on

that

um I used to find the material for that

and against them right so sir as in

phase one you said you told us that the

level of questions they were fine like

if somebody knows basic so they would be

able to clear phase one but so what

about phase two so does the mcqs there

also they were like fine or they were a

little bit in-depth in comparison to

phase one uh so in paper 2 there was uh

there was a dictionary but they were on

the other end of the spectrum of what we

have studied so we had studied about the

basic terms and everything but what they

asked was totally data driven so we

asked everything on flexual data like

all the 50 questions I think around 48

to 49 question was totally database so

if you know it you know it if you don't

know it you cannot do anything so that

was the thing they did so I think

everybody will have every data like that

is present in our websites as well as

the reports whatever that is yeah and

that also know the direct data they had

gone into too much that of the data

details of the data set they were asked

gave us some CB report in 2019 18 19 or

20 19 20 and there was one Municipal

bond which came out in that year

mentioned that name so it is two old

report plus this is very different data

that they are asking and many of the

questions were like impact even from the

economic survey and budget they had gone

into too much detail and asked the data

so I think everybody would have freaked

out after seeing that exam that what is

this and we didn't we didn't prepare for

this and this is the same story from you

but I think how you manage those uh one

hour I think 60 Minute exam was there

that will determine whether you will get

selected or not true because I think

many would have prepared uh very good

for this exam they are given their best

for this program but how you manage your

60 Minute that will determine whether

you increase the entry stage or not so

for my for me the strategy was I had the

time opportunity so in generally save me

and pfr did they just give 45 marks 45

minutes for the exam but this guy had

given 60 minutes and it was totally

database so whatever you know you could

do it in 10 to 15 minutes sure so we had

just left 45 months we had nothing to do

so what I did so I you know around 30 to

31 version

for sure so first I made sure that none

of these version should be wrong

so even if one of them is wrong that

means it is minus 2.5 and that will take

my marks down and again that will be a

problem so I made sure that whatever I

want nothing should do uh wrong from

that so I went two three times of those

questions

and then there was the remaining portion

which I had studied I have studied data

somewhere uh but I couldn't remember it

at that very moment so I just gave two

minutes for each of these questions I

may have studied in some CB report

during the interview or somewhere in the

past in the news so I gave us somewhere

in your subconscious mind that you have

read this data somewhere yeah and it

could have Panic at that moment I think

that would not have come out true but if

you we mail your time and think okay

this is difficult for everyone not only

from you then you would have easily

figured out those subconscious mind

thing then you could have done five to

six percent more and that will make the

difference right right and that is what

the officer like qualities are also to

have that calmness during tough

situation and that is what any

organization would demand as an officer

right so sir as you said that uh and

this paper 2 was kind of a bouncer for

everybody not just for you but for

everybody so after when phase two

happened so so were you a little bit

disheartened because of the previous

experiences you might feel like that

maybe this will cause you uh one more

like one more year of wait maybe until

next examination comes right yeah

yeah I felt a starting so I calculated

my marks on the phase two and I was

getting around 68 to 70. so I felt like

okay interview I'll reached but then

again I'll be stuck because it will be

like many people will be getting you 385

and I'm getting 70. true so but then I

gave I talked to my friends another

Institute I saw the videos so everyone

was like it was too difficult and we're

getting very less 1665 so then I thought

okay then here's a chance yeah yeah so

so did you then uh in the next phase

that is for interview so like when did

you started preparing for it and what

are the things that you considered uh

like these these are the things that for

interview you have to be prepared

so I think I started after the phase two

result uh it came in just two weeks I

have started after that and I think our

interview was after 10 to 12 days so

there was no much of a time uh between

the result and the interview also uh but

I think that the patient which I did for

sale in pfrd interview that also had uh

I think there are four topics which one

should prepare for interview for name

first is your bio data so you should

know each and every detail of what you

are mentioning in your wire data so if

you are mentioning that you are from

this particular setting you should know

what is there in that particular City

what is the economics

who is the famous personality from that

City so whatever is mentioning in your

biodata you should know for all of that

it actually was the first thing to cover

in any interview which you can give time

for that and the next is the basic

Financial awareness so if you're going

for a regulatory body in the financial

sector you should know basic terms in

the capital markets ranking and that

will I think we study for phase two also

so that should not be a problem uh for

the interview so one should be very

thorough those terms out here the third

thing is the about the organization so

if you are going for some particular

organization you should know about that

uh if you're going to rishta I I studied

the website what are the circulars uh if

there is any some news related to ifsc

embarrassing what are the new activities

that are starting so you should know all

these details and the fourth thing is

the financial awareness so whatever is

happening in the financial uh

[Music]

articles daily for

getting the awareness right

right and uh did they ask you about your

previous job or maybe why do you want to

switch the career Prospect because as

you were from btech and you have done

that too from nit

so were there are there questions

related to that

yeah I think this is a very expected

kind of question and everyone put their

story but they didn't ask me in the

final interview like why you wanted all

the questions actually there was no

question for matcha itself all the

questions are technical technical only

all right and uh were there any

questions which you were not able to

answer

chairman uh former chairman of LIC so

very few panels very senior in itself so

there was question which I didn't know

and why I could not answer but the thing

was they they didn't there was no

checking whether you could answer it or

not they was checking that if you could

provide some hint if you provide him

help whether you will be able to come to

that answer or not

so I think the board was very cordial uh

they were helping at every message you

just have to be honest with them okay I

don't know uh and they will provide you

the hint even if then you don't know

they will be fine with it but don't lie

right don't try to make out the stuff

right so uh so lastly so what was your

reaction when you finally saw your name

on the Merit list and you felt like okay

now the first was worth it and you're

finally free with all this aspirin

struggling phase

yeah I think it was like a dream come

true so we didn't even reach the new bed

so we were in train when the result came

on the same day we had the interview and

the night the result soon

so it was totally unexpected we're not

expecting it that moment so I was in the

train and there was people and suddenly

someone posted that result soon so I

checked and there was name on the list

on the second number and then I asked

fellow can get okay just give me some

whether it is dream or this reality

suddenly it came

so I think that was one of the joyous

moment of my life so means you were air

too basically yeah yeah and you were

hiding for from us from this long

I think yeah I think that's that's

really good that finally you know uh

whenever from failures uh most people

they get disheartened but you push

yourself and you made it to the final

Merit list and that to it flying colors

you you came air too so uh yeah so at

the end so you have comprehensively uh

told everything about the phases and how

to prepare what are the best strategies

they can follow and which worked for you

so lastly so do you want to say anything

to the aspirants who are preparing for

this examination

we will say

your sites are don't be afraid of your

famous so there will be some time when

you have worked hard and things doesn't

go your way so don't be afraid of those

things so when something doesn't go your

way it goes according to God's ways and

there might be some better thing that is

waiting for you at the end of the time

so just believe in yourself and keep

trying right very beautiful have said

that better things are waiting for you

so never get this sudden just work and

everything will turn out to be best for

you so uh sir thank you so much for

joining with us for sharing your views

your experience and we want to wish you

all the very best for your future and we

hope that you achieve greater things in

your life

thank you