NPS Grade A Recruitment 2023

National Pension System Trust has invited applications for Assistant Manager Grade A. Today we are providing a syllabus and exam pattern for the exam.

Important Dates

Particulars	Date
Commencement date of online application	25.11.2023
Last Date of the online application	24.12.2023
Online Examination (Phase I)	Information about this will be hosted on the website of NPS Trust at www.npstrust.org.in
Online Examination (Phase II)	Information about this will be hosted on the website of NPS Trust at www.npstrust.org.in
Interview (Phase III)	Information about this will be intimated (only for successful candidates in Phase II) by Email/Post and will be hosted on the website of NPS Trust at www.npstrust.org.in

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Number of Vacancies

Post / s ( Grade A)	Maximum Age as on (01.11.2023)	Total Vacancies
General	30 Years	1
Risk Management	30 Years	1
Investment & Research	30 Years	1

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Relaxation in Age Limit

Sr.	Category		Age relaxation (in years)
1	Scheduled Caste/ Scheduled Tribe		5 years
2	Other Backward Classes (Non-Creamy Layer)		3 years
3	Persons with Benchmark Disabilities (PwBD)	PwBD (SC/ST)	15 years
		PwBD (OBC)	13 years
		PwBD (GEN/EWS)	10 years
4	Ex-servicemen include Emergency Commissioned Officers/Short Service Commissioned Officers, who have rendered at least five years continuous Military Service and have been released a) on completion of assignment (including those whose assignment is due to be completed within one year from 01.11.2023 otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or b) on account of physical disability attributable to Military Service or c) on invalidment. Emergency Commissioned Officers/Short Service Commissioned Officers who have completed their initial period of assignment of five years of Military Service but whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues certificates that they would be released on selection within three months from the date of receipt of offer of appointment.		5 years

Note: A candidate must not have exceeded the age limit prescribed for the respective post as on 01.11.2023.

Qualification (As on )

Posts	Qualifications
General	Master’s Degree in any discipline, Bachelor’s Degree in Law, Bachelor’s Degree in Engineering from a recognized university, Associate Chartered Accountant (ACA) or Fellow Chartered Accountant (FCA) from ICAI (Institute of Chartered Accountants of India)/ Associate Cost and Management Accountant (ACMA) [erstwhile Associate of Institute of Cost & Works Accountant of India (AICWA)] or Fellow Cost and Management Accountant (FCMA) [erstwhile Fellow of Institute of Cost & Works Accountant of India (FICWA)] from Institute of Cost Accountants of India (ICMAI) [erstwhile Institute of Cost & Works Accountants of India(ICWAI)] / Associate Company Secretary (ACS) or Fellow Company Secretary (FCS) from Institute of Company Secretaries of India (ICSI) / Chartered Financial Analyst (CFA) from CFA Institute.
Risk Management	Full-time Master’s degree in Business administration or equivalent with specialization in Finance / Associate Chartered Accountant (ACA) or Fellow Chartered Accountant (FCA) from ICAI (Institute of Chartered Accountants of India)/ Chartered Financial Analyst (CFA) from CFA Institute.
Investment & Research	Full-time Master’s degree in Business administration or equivalent with specialization in Finance / Associate Chartered Accountant (ACA) or Fellow Chartered Accountant (FCA) from ICAI (Institute of Chartered Accountants of India)/ Chartered Financial Analyst (CFA) from CFA Institute.

Experience (As on )

Posts	Experience
General	Nil
Risk Management	Minimum 2 years of post-qualification experience in dealing with the problems relating to pension/ financial sectors, special knowledge in Risk Management and Investment Management.
Investment & Research	Minimum 2 years post qualification experience in the relevant field.

Probation Period & Pay Scale

Post	Probation Period	Pay Scale
General	1 year	Rs.44500/- p.m
Risk Management	1 year	Rs.44500/- p.m
Investment & Research	1 year	Rs.44500/- p.m

Note: The successful candidates recruited for the post of Officer Grade B(Manager) and Officer Grade A (Assistant Manager) shall undergo probation of 1 year from the date of joining. The probation period may be extended for unsatisfactory performances per the NPS Trust employee’s service rules. The candidates shall be considered for confirmation in the services of NPS Trust subject to satisfactory performance, verification of credentials and antecedents, verification of caste/tribe/class/disability (for reserved category candidates only) etc. and at the discretion of the Competent Authority at NPS Trust. The candidature of candidate shall remain provisional until his/her services are confirmed in NPS Trust.

Selection Procedure (Grade B)

Mode of selection shall be a three-stage process i.e. Phase I (on-line examination consisting of two papers of 100 marks each), Phase II (on-line examination consisting of two papers of 100 marks each) and Phase III (Interview). Full details are as below:

A. Phase I (On-Line Examination):

Paper	Stream	Subjects	Max. Marks	Duration (in minutes)
Paper 1	All Streams	Multiple choice questions on the subjects viz. General Awareness (including some questions related to Financial Sector of easy to moderate difficulty level), English Language, Quantitative Aptitude and Reasoning	100	60
Paper 2	Risk Management, Investment & Research Streams	Multiple choice questions on Specialized subject related to stream	100	40
Paper 2	General Stream.	Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics and Pension Sector	100	40

Online Examination (Exam pattern)

Name of section	No. of questions	Duration ( in minutes)
English Language	20	Composite time of 60 minutes
Reasoning	20
General Awareness (including some questions related to Financial Sector)	20
Quantitative Aptitude	20
Total	80

Notes:

Phase I On-Line examination will be conducted in a single shift. The test will be bilingual (Hindi & English) except the test for English Language which will be in English only.
Candidates would need to secure separate cut-off in each test as well as aggregate cut-off marks (as decided by NPS Trust) in Phase I exam to be shortlisted for Phase II. Shortlisted candidates will be intimated the date and time for Phase II by e-mail and/or call letter and list of such candidates also will be made available on NPS Trust website.
There shall be negative marking (1/4th of marks assigned to the question) for marking incorrect answers in the Paper 1 in Phase I.

Phase II (On-Line Examination):

Paper	Stream	Subjects	Max. Marks	Duration (in minutes)
Paper 1	All Streams	English (Descriptive Test)	100	60
Paper 2	Risk Management, Investment & Research Streams	Multiple choice questions on Specialized subject related to stream	100	40
Paper 2	General Stream.	Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics and Pension Sector	100	40

Notes:

Candidates shortlisted for Phase II exam will be issued new Call Letter
There shall be negative marking (1/4th of marks assigned to the question) for marking incorrect answers in the Paper 2 of Phase II.
There shall be a minimum cut-off for Paper 1 and Paper 2 of Phase II. Candidates would need to secure separate cut-off in each paper as well as aggregate cut-off marks in Phase II exam to be shortlisted for Phase III. The cut off marks for different streams for shortlisting candidates for Phase III shall be in relation to the number of vacancies.
Subject to the criteria mentioned above, candidates will be shortlisted in relation to the number of vacancies, in order of merit, for Phase III i.e. the interview. List of candidates shortlisted for interview will be made available on NPS Trust website.
All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.

B. Phase III (Interview):

Only the shortlisted candidates will be called for interview. Candidate may opt for interview
either in Hindi or English.

Particulars	Weightage (in %)
Marks obtained in Phase II online examination	50%
Work experience as mentioned in Section – III (Eligibility Criteria)	20%
Marks obtained in Interview	30%

Note: The above weightage will be applied while preparing the final merit list for

selection. (Streams: Risk Management, Investment & Research).

Particulars	Weightage (in %)
Marks obtained in Phase II online examination	50%
Marks obtained in Interview	50%

Note: The above weightage will be applied while preparing the final merit

list for selection. (Stream: General).

Syllabus

General Stream

A. Commerce & Accountancy

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

B. Management

Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and Controlling;
The Role of a Manager in an Organization. Leadership: The Tasks of a Leader;
Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader.
Human Resource Development: Concept of HRD; Goals of HRD;
Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale.
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 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. Methods of Costing - Single Output/ Unit Costing, Job Costing, Batch Costing, Contract Costing, Process/Operation Costing, Costing of Service Sectors.

2) Basics of Cost Control and Analysis -

Standard Costing,
Marginal Costing,
Budget and Budgetary Control.

3) 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) h) Introduction to Process Innovation and Business Process Re- engineering (BPR).

E. Companies Act

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

F. Economics

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
Balance of Payments, Foreign Exchange Markets, Inflation, Monetary and Fiscal Policy, Non- banking Financial Institutions.

G. Pension Sector

Status of Pension Sector in India
Types of retirement schemes in India and their features
National Pension System
Atal Pension Yojana
Annuity Plans
Basics of investment

Risk Management

Economics: Demand and Supply, Macro Economics, National Income, Public Finance, Determination of output and employment, Investment Function, Multiplier and Accelerator, Demand and Supply for Money, Inflation, Business Cycles, Inflation, Monetary and Fiscal Policy, restrictive v/s accommodating monetary policy, Banking Functions, Tax & Non-Tax Revenue, Direct & Indirect Taxes, Fiscal Balance, Public Debt, Public Budget and Foreign Trade and Balance of Payments, commercial and central banking, process of credit creation, role of central bank in economic development.

Financial Institutions and Markets: Market Model, Market Efficiency, Money/ Credit/Capital Markets, Primary Market, Secondary Market, Commodity Markets, Mutual Funds, Derivatives (types, uses and pricing of derivatives), Stock Exchanges, banking and non-banking institutions, Credit Rating Agencies, Pension and Insurance Markets, Foreign Exchange Markets, Role of International Financial Institutions, IMF & World Bank, Role of SEBI and IRDA in financial markets.

Statistics and Econometrics: Measures of Central tendency & dispersions, Correlation, Sampling methods, Sampling Distribution, Hypothesis testing, Regression Analysis, Operation research models, linear programming models in finance/manufacturing.

Commerce & Accountancy: Accounting as a financial information system, Revenue Recognition, Investments, Cash Flow Statement, Financial statement analysis.

Finance: Ratio analysis, WACC, Capital structure, NPV, IRR, CAPM, DCF, Market models, Investment ratios, valuation ratios, market efficiency, sensitivity analysis, scenario analysis.

Risk Management: Source and Evaluation of Risks, Risk Management Techniques, Risk Models (VAR, Stress Testing, Scenario Analysis), Credit Risk Management, Enterprise Risk Management, Operational Risk Management.

Investment & Research

Commerce & Accountancy: Accounting as a financial information system, Revenue Recognition, Investments, Cash Flow Statement, Financial statement analysis.

Finance: Ratio analysis, WACC, Capital structure, NPV, IRR, CAPM, DCF, Market models, Investment ratios, valuation ratios, market efficiency, sensitivity analysis, scenario analysis.

English Language

Reading Comprehensions
Para Jumbles
Para Completion
Vocabulary
Error Spotting
Sentence Improvement
Cloze test
Rearrangement of sentence

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

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

NPS Grade A Course by Team BankExamsToday

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Course features

Daily video classes
Study Material
Live sessions
Unit tests
Special attention to Professional knowledge section from Day 1
5 full-length mock tests
Interview preparation guide

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NPS Grade A Preparation Course.