The New India Assurance Company Ltd has invited applications for - Administrative Officers (Generalists & Specialists) (Scale-I) Recruitment 2024-2025. Today we are providing a syllabus and exam pattern for the exam.
Important Dates
|
Particulars |
Date |
|
Commencement date of on-line application |
10 September, 2024 |
|
Last Date of the online application |
29 September, 2024 |
|
Phase-I Online Examination (Objective) |
13th October 2024 (tentative) |
|
Phase-II Online Examination (Objective + Descriptive) |
17th November 2024 (tentative) |
Number of Vacancies
|
Post / s |
Minimum Age |
Maximum Age (as on 01.08.2024) |
Total Vacancies |
|
Generalists | 21 Years | 30 Years | 120 |
|
Accounts |
21 years |
30 years |
50 |
Relaxation in Age Limit
|
Sr. No. |
Category |
Age Relaxation |
|
1. |
Scheduled Caste/ scheduled Tribe Candidates |
5 years |
|
2. |
Other Backward classes (OBC) Candidates (Non-Creamy layer) |
3 years |
|
3. |
Persons with Benchmark Disabilities as defined under “The Rights of Persons with Disabilities Act, 2016” |
10 years |
|
4. |
Ex-Servicemen, Commissioned Officers including Emergency Commissioned Officers (ECOs)/ Short Service Commissioned Officers (SSCOs) who have rendered at least 5 years military service and have been released on completion of assignment (including those whose assignment is due to be completed within one year from the last date of receipt of application) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to military service or invalidment. |
5 years |
|
The ECOs/SSCOs who have completed an initial period of assignment of five years of Military Service as on 01.09.2024 and whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues a certificate that they can apply for civil employment and that they will be released on three months’ notice on selection from the date of receipt of offer of appointment |
||
|
5. |
Defence service personnel disabled in operation during the hostilities with any foreign country or in a disturbed area and released as consequence thereof |
3 years |
|
6. |
Existing Confirmed Employees of Public Sector General Insurance Companies (including GIC & Agriculture Insurance Company of India Ltd.) |
8 years |
Qualification (As on 01.09.2024)
|
Posts |
Qualifications |
|
Generalists | A candidate must possess the minimum qualification of a graduate/post graduate in any discipline from a recognised University or any equivalent qualification recognised as such by Central Government with at least 60% marks in either of the degree examination for General candidates and at least 55% marks for SC/ST/PwBD candidates |
|
Accounts |
Chartered Accountant (ICAI)/ Cost and Management Accountant (The Institute of Cost Accountants of India, earlier known as ICWAI) and Graduation/Postgraduation in any discipline with min 60% (55% for SC/ST/PwBD) Or MBA Finance/PGDM Finance/ M.Com with min 60% (55% for SC/ST/PwBD) |
- Educational qualifications should be from a University/ Institution/ Board recognised by Govt. Of India/ approved by Govt. Regulatory Bodies and the result should have been declared on or before 01.09.2024.
- Proper document from Board / University for having declared the result on or before 01.09.2024 has to be submitted at the time of interview.
- The candidate must possess valid Mark-sheet / Degree Certificate of the necessary qualification as on 01.09.2024. Candidates having Integrated Dual Degree (IDD) certificate should ensure that the date of passing the IDD is on or before 01.09.2024.
Probation Period
- A candidate appointed in the Officers’ cadre on regular pay rolls of the Company shall be on probation for a period of one year from the date of joining the duty. The probation period may be extended twice by a further period of six months at a time stretching up to one year.
- During the probation period the Officers would be required to pass the non-life Licentiate Examination conducted by Insurance Institute of India. Only after passing the said examination the Officer will be eligible for confirmation of his/her services in the Company. Failure to pass the said Examination within the extended probation period will render the officer liable to be terminated from service on expiry of the period so specified.
- The Company reserves the right to terminate the services of the candidate if found unsuitable at any time during the probation period or the extended probation period without any notice or assigning any reason thereof.
Guarantee Bond
- Before joining as probationer, the selected candidates will be required to give an undertaking to serve the Company for a minimum period of four years including probation period. In the event of their resigning from the Company before the expiry of the bond period, they will be liable to pay liquidated damages equivalent to one year’s gross salary paid to them during the year of probation which could be proportionately reduced depending on the length of service rendered. Besides, he/she will have to submit a stamped Indemnity Bond duly executed by two sureties (not blood relatives) of sound financial standing for an amount equivalent to one year’s gross salary.
- Candidates resigning from the Company during the probation period and candidates whose services are terminated by the Company during the probation period shall be liable to pay the gross salary received by them during their entire service in the Company in addition to an amount of Rs. 25,000/-towards partial cost of training. No lien/bond executed to retain a substantive post with present employer will be binding upon the Company and no Leave Salary or Pension Contribution will be made.
Selection Procedure
Phase-I: Preliminary Examination Preliminary Examination consisting of Objective Tests for 100 marks will be conducted online. This would consist of 3 sections (with separate timings for each section).
- Candidates have to qualify in each test/section by securing passing marks to be decided by the Company. Adequate number of candidates in each category as decided by the Company (approximately 15 times the numbers of vacancies subject to availability) will be shortlisted for the Main Examination.
Phase – II: Main Examination Main Examination will consist of Objective Tests for 200 marks and Descriptive Test for 30 marks. Both the Objective and Descriptive Tests will be online. Candidates will have to answer Descriptive Test by typing on the computer. Immediately after completion of Objective Test, Descriptive Test will be administered.
- Objective Test: The Objective Test of 2.5 hours’ duration will be as follows. There will be separate timing for every section.
- Descriptive Test: The Descriptive Test of 30 minutes’ duration with 30 marks will be a Test of English Language (Letter Writing-10marks & Essay-20 marks). The descriptive test will be in English and will be conducted through on-line mode. Each candidate will be required to obtain a minimum score for each section of objective test separately for short listing for the Descriptive test evaluation/Interview. Descriptive answer script would be evaluated only in respect of those candidates who qualify the objective test. Depending on the number of vacancies available, cut offs will be decided for Descriptive paper evaluation.
- Each candidate will be required to obtain a minimum total score (to be decided by the Company according to number of vacancies) in the objective test (main examination) and qualify in the descriptive test for short listing for the Interview. Qualifying marks in the descriptive test shall be as follows: 15/30 (13.5/30 for SC, ST and PwBD).
- A candidate shall be required to qualify in the descriptive test, but the marks in the descriptive test will not be counted towards short listing for interview or final selection.
- Penalty for Wrong Answers (Applicable to both – Preliminary and Main examination) There will be penalty for wrong answers marked in the Objective Tests. Each question for which a wrong answer has been given by the candidate, one-fourth of the marks assigned to that question will be deducted as penalty to arrive at corrected score. If a question is left blank, i.e. no answer is marked by the candidate, there will be no penalty for that question.
-
Phase – III: Interview
- Candidates who have been shortlisted at the end of Phase-II will subsequently be called for an Interview to be conducted by the Company. Interview will be conducted at select centres. The weightage (ratio) of online Examination andInterview will be 75:25 respectively.
-
Final selection:
- Final selection would be based on consolidated marks of main examination (objective test) & Interview. The final merit list shall be prepared in descending order of the consolidated marks secured by the candidates. Candidates who fall within the number of vacancies in the merit list shall be considered for appointment.
Online Examination (Preliminary Exam pattern)
Phase :I
|
Sr.No |
Name of section |
Type of test |
Maximum Marks |
Medium of Exam |
Time allotted |
|
1 |
English Language |
Objective |
30 |
English |
20 minutes |
|
2 |
Reasoning |
Objective |
35 |
English and Hindi |
20 minutes |
|
3 |
Quantitative Aptitude |
Objective |
35 |
English and Hindi |
20 minutes |
|
Total |
100 |
Phase : II Main Examination(Generalists)
|
Sr.No |
Name of section |
Type of test |
Maximum Marks |
Medium of Exam |
Time allotted |
|
1 |
Test of Reasoning |
Objective |
50 |
Eng/ Hindi |
40 min |
|
2 |
Test of English Language |
Objective |
50 |
English |
40 min |
|
3 |
Test of General Awareness |
Objective |
50 |
Eng/ Hindi |
30 min |
|
4 |
Test of Quantitative Aptitude |
Objective |
50 |
Eng/ Hindi |
40 min |
|
Total |
200 |
Phase : II Main Examination(Specialists)
|
Sr. No |
Name of section |
Type of test |
Maximum Marks |
Medium of Exam |
Time allotted |
|
1 |
Test of Reasoning |
Objective |
40 |
Eng/ Hindi |
30 min |
|
2 |
Test of English Language |
Objective |
40 |
English |
30 min |
|
3 |
Test of General Awareness |
Objective |
40 |
Eng/ Hindi |
25 min |
|
4 |
Test of Quantitative Aptitude |
Objective |
40 |
Eng/ Hindi |
30 min |
|
5 |
In Specialist stream, an additional test to assess technical & professional knowledge in the relevant discipline |
Objective |
40 |
Eng/ Hindi |
35 min |
|
Total (Aggregate) |
200 |
Syllabus
Reasoning
Quantitative Aptitude
English Language
- Reading Comprehensions
- Para Jumbles
- Para Completion
- Vocabulary
- Error Spotting
- Sentence Improvement
- Cloze test
- Rearrangement of sentences
Descriptive Test (Online)
- Letter writing
- Essay Writing (250 words on banking related topics)
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
- 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
- Recently Appointed Brand Ambassadors List
- Monthly GK Digests
- 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
- List of Important Days With Themes
- List of MoUs signed by India
- Upcoming Sports Event From
- List of Sports Events & Winners
- Awards and Honours
Professional Knowledge Manager (Accounts)
- Trial Balance
- Balance Sheet
- Cash flow statement
- Income Statement
- Marginal costing
- Cost volume profit analysis
- Cost sheet
- Forecasting
- Absolute costing
- Social accounting
- Cost of capital
- Capital structure
- Capital budgeting
- Sources of finance
- Dividend distribution in cooperative
- Share issues
- Negotiable instruments
- Contract act
- Partnership act
- Company law (Go through all these laws with amendments)
- Factories act
- Industrial disputes act
- Gratuity act
- Provident fund act
- Capital market
- Money market
- Micro and macro economics concepts
- Updates related to money market and RBI policies
- Banking Reforms
- Regulatory Bodies in India- NABARD, SEBI etc.
- International Banking
- Important RBI Circulars
- 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.
10. Income Tax Act
11. Banking Regulation Act
12. Knowledge of IT and Cooperative
13 . Knowledge of IT and Digital Transaction
14. Compliance of KYC Norms
The New India Assurance Company Ltd Administrative Officers (Generalists & Specialists) (Scale-I) Course by Team BankExamsToday
Course features
- Daily video classes
- Study Material
- Live sessions
- Special attention to General Awareness section from Day 1
- Mock Interviews
- Interview preparation guide
