National Pension System Trust (NPS Trust) Grade A (Assistant Manager) & Grade B ( Manager) Recruitment 2025

NPS has invited applications for -Grade A (Assistant Manager) & Grade B ( Manager). Today we are providing a syllabus and exam pattern for the exam.

Important Dates

Particulars	Date
Commencement date of on-line application	16.01.2025
Last Date for Online Registration	05.02.2025
Online Examination (Phase I & II)	25.02.2025
Interview (Phase III)	Information about this will be intimated (only for successful candidates in Phase II)

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Number of Vacancies

Grade A

Post / s (Grade A)	Minimum Age	Maximum Age (as on 31.12.2024)	Total Vacancies
General Assistant Manager	21	30	12
Risk Management	21	30	1

Grade B

Post / s (Grade A)	Minimum Age	Maximum Age (as on 31.12.2024)	Total Vacancies
General Assistant Manager	25	33	4
Human Resource	25	33	1
Risk Management	25	33	1

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Relaxation in Age Limit

Category		Age Relaxation
Scheduled Caste/ scheduled Tribe Candidates		5 years
Other Backward classes (OBC) Candidates (Non-Creamy layer)		3 years
Persons with Benchmark Disabilities (PwBD)	PwBD (SC/ST)	15 Years
	PwBD (OBC)	13 Years
	PwBD (GEN/EWS)	10 years
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

Qualification 

Grade A (As on 31.12.2024)

Posts	Qualifications	Experience
General	Full time Graduation/ Post-Graduation in any discipline / CA/ CFA/ CS/ FRM (or equivalent)/ CMA/ MBA / PGDBA /PGPM / PGDM/ from an Indian University/ Institute recognized by AICTE/UGC/Government.	Nil
Risk  Management	Full time Post Graduate Degree in Finance / Commerce / Economics / Statistics /Econometrics / Mathematics / Mathematical Statistics / CA/ CFA/ FRM (or equivalent)/ CMA/ MBA / PGDBA/ PGPM / PGDM/ from an Indian University/ Institute recognized by AICTE/UGC/Government. Desirable: Diploma in Data Science, Data Analytics or Data Statistics, Business Analytics.	Minimum 2 years of post-qualification experience in areas relating to pension/ financial sector, special knowledge/experience in Investment Management /Treasury Management /Risk Management.

 Grade B (As on 31.12.2024)

Posts	Qualifications	Experience
General	Full time Post-Graduation in any discipline / CA/ CFA/ CS/ FRM (or equivalent)/ CMA/ MBA / PGDBA /PGPM/ PGDM/ from an Indian University/ Institute recognized by AICTE/UGC/Government.	Minimum 4 years of post-qualification experience in officer cadre in areas relating to pension / financial sector/ special knowledge/ experience in law, finance, economics, accountancy, statistics, Administration or any other discipline considered useful to the Trust
Human  Resource	Full time MBA /Master's degree/ Post Graduate degree/ Diploma (at least for 02 years full time) in Personnel Management & Industrial Relations or Human Resource Management and equivalent. The educational qualifications shall be from Institutes recognized by AICTE/UGC/Government.	Candidates should possess minimum 4 years post qualification experience in officer cadre in handling various activities and functions of HR, preferably in Government/ Public Sector.
Risk  Management	Full time Post Graduate Degree in Finance / Commerce / Economics / Statistics /Econometrics / Mathematics / Mathematical Statistics / CA/ CFA/ FRM (or equivalent)/ CMA/ MBA / PGDBA /PGPM / PGDM/ from an Indian University/ Institute recognized by AICTE/UGC/Government. Desirable: Diploma in Data Science, Data Analytics or Data Statistics, Business Analytics.	Minimum 4 years of post-qualification experience in officer cadre in areas relating to pension/ financial sector, special knowledge/experience in Investment Management /Treasury Management /Risk Management.

Probation Period

Candidates recruited as Officer Grade B (Manager) and Officer Grade A (Assistant Manager) at NPS Trust will undergo a probation period as per NPS Trust Service Rules. This period can be extended for unsatisfactory performance. Confirmation of their services depends on satisfactory performance, credential verification, and reports from previous employers. During probation, their candidature remains provisional. Their services will be governed by NPS Trust Employees' Service Rules and any amendments made over time.

Selection Procedure 

Grade A & Grade B

• Mode of selection shall be a three-stage process, i.e., Phase I (on-line examination consisting of one paper of 120 marks), Phase II (on-line examination consisting of two papers of 100 marks each) and Phase III (Interview). 

Phase I (On-Line Examination)

An on-line examination consisting of one paper of 120 marks will be conducted. The coverage of topics/ subjects for this paper is as follows:

Paper 1	Risk Management, Human Resource	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, Reasoning & Analytical Skills, Questions on specialized subject related to the stream	120	90
Paper 1	General  Stream	Multiple choice questions on the following subjects viz. General Awareness (including some questions related to Financial Sector related topics of easy to moderate difficulty level), English Language, Quantitative Aptitude, Reasoning & Analytical Skills, Commerce, Accountancy, Management, Finance, Data Analytics, Statistics, Companies Act 2013 and Indian Trusts Act, Economics and Pension Sector	120	90

Composition Of The Paper (On-line Examination)-Grade A & B

Stream	Subjects	No. of questions	Max. Marks	Duration (in minutes)
General Stream	English Language	25	25	90
	Test of Reasoning & Analytical Skills	25	25
	Commerce, Accountancy, Management, Finance, Data Analytics, Statistics, Companies Act, Indian Trusts Act, Economics and Pension Sector	25	25
	Quantitative Aptitude	25	25
	General Awareness (including some questions related to Financial Sector)	25	25
	Overall Total	120	120

Grade B

Stream	Subjects	No. of questions	Max. Marks	Duration (in minutes)
Risk  Management, Human  Resource	English Language	25	25	90
	Test of Reasoning & Analytical Skills	25	25
	Specialised subject related to the stream	25	25
	Quantitative Aptitude	25	25
	General Awareness (including some questions related to Financial Sector)	25	25
	Overall Total	120	120

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 shall be in English only.
• Phase I and Phase II examinations shall be conducted on the same day.
• Candidates would need to secure separate cut-off in each Section as well as aggregate cut-off marks (as decided by NPS Trust) in Phase I exam in order for their Phase II paper to be evaluated. 
• There shall be negative marking (1/4th of marks assigned to the relevant question) for marking incorrect answers in Phase I.

 Phase II (On-Line Examination)

An on-line examination consisting of two papers of 100 marks each will be conducted.
The papers shall be as follows:

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

Notes:

• There shall be negative marking (1/4th of marks assigned to the question) for marking incorrect answers in 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 (as decided by NPS Trust). The cut off marks for different streams for shortlisting candidates for Phase III (Interview) shall be in relation to the number of vacancies (as decided by NPS Trust); 
• 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. The 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 & General Studies) will be set bilingually in Hindi and English.

Phase III (Interview)

• Only the shortlisted candidates will be called for interview. Candidate may opt for interview either in Hindi or English. Candidates shall score minimum cut-off score in Phase III (Interview) to be considered for the Post. The cut-off in this regard will be decided by NPS Trust at its sole discretion. 

Important Notes:

The following weightage will be applied while preparing the final merit list for selection. (All Streams).

Particulars	Weightage (in %)
Marks obtained in Phase II on-line examination	50%
Marks obtained in Interview	50%

Syllabus

Reasoning

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

English Language

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

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

 General Stream

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.

 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.

Finance

• Financial System of India and World: Role and Functions of Regulatory bodies in Financial Sector. 
• Financial Markets of India and World: Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.
• General Topics: 

1. Basics of Derivatives: Forward, Futures and Swap
2. Recent Developments in the Financial Sector of India and World.
3. Financial Inclusion- use of technology d) Alternate source of finance, private and social cost-benefit, Public-Private Partnership 
4. Direct and Indirect taxes; Non-tax sources of Revenue, GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM)
5. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends. 

Data Analytics, Statistics

• Measures of Central tendency & dispersions, Correlation, Sampling methods, Sampling Distribution, Statistical Inferences, Hypothesis testing, Regression Analysis. 
• Data Analytics Overview, Importance of Data Analytics, Types of Data Analytics, Descriptive Analytics, Diagnostic Analytics, Predictive Analytics, Prescriptive Analytics, Benefits of Data Analytics, Data Visualization for Decision Making, Data Types, Measure of central tendency, Measures of Dispersion, Graphical Techniques, Skewness & Kurtosis, Box Plot, Descriptive Stats, Sampling Funnel, Sampling Variation, Central Limit Theorem, Confidence interval.

Companies Act, Indian Trusts Act

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

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, Nonbanking Financial Institutions.

Pension Sector of India and World.

• Status of pension sector in India
• Different types of retirement schemes in India and their features 
• National Pension System 
• Atal Pension Yojana
• Annuity Plans
• Basics of investment decision making & portfolio management

 Risk Management Stream

• 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 regulator 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, Probability.
• Commerce & Accountancy: Accounting as a financial information system, Revenue Recognition, Investments, Cash Flow Statement, Financial statement analysis, Net Asset Value (NAV).
• Finance: Ratio analysis, WACC, Capital structure, NPV, IRR, XIRR, 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, Non- Investment Risk (Reputation, Regulatory, IT, Cyber security, Compliance Risk etc.).

 General Studies

• Economic and Social Development
• Indian Economy (including Recent Trends, Fiscal and Monetary Policy, Banking, and Infrastructure Development) 
• Data and Digital Economy (including Cyber Security and Digital Literacy) 
• Innovation in India pertaining to Startups and Entrepreneurship
• Technology (including advancements in AI, Space Technology, and Biotechnology) 
• Sustainable Development Goals (SDGs) and Global Initiatives
• Emerging Global Challenges (Energy Security, Water Scarcity, Urbanization, etc.)
• General Issues on Environment, Bio-diversity, and Climate Change
• Ethical Issues in Governance and Public Administration • International Relations (India's Foreign Policy, Bilateral and Multilateral Relations)
• Social Justice (Welfare Schemes, Inclusive Development, and Rights Movements)

 Human Resources Stream

• Personnel Management: Functions, Job analysis, Job Description, Job Evaluation, Organization Structure, Manpower Planning, Recruitment & Selection, Placement and Induction, Talent Attraction, Selection & Retention; 
• Principles and Practices of Management
• HRM concepts and functions, Performance Management; Career progression, Succession Planning; Strategic HRM, Organisational Behaviour, Leadership, Team Building, Conflict Resolution,
• Job Specification, Competency Development, Communication.
• Learning & Development, Management Development.
• Organizational Behaviour: Concepts, Importance, Evolution, Group Dynamics, Motivation, Morale, Leadership, Job satisfaction, Organizational Change, Organizational Development, Organizational Climate
• Industrial Relations: concept, scope, IR systems, Industrial disputes, Machinery for settlement of industrial disputes, workers participation in management, code of discipline, ILO, Grievance handling and Disciplinary Action.
• Labour Legislation: Principles of labour legislation, Implementation machinery, Labour legislation and Indian constitution. Factories Act, 1948, Industrial Disputes Act, 1947, Trade Union Act, 1926, Payment of Gratuity Act, 1972, Contract Labour (Abolition) / Regulation Act, Workmen’s Compensations Act, 1923, Payment of Wages Act, 1936, Minimum Wages Act, 1948, Industrial Employment Standing Orders Act, Maternity Benefit Act, 1961, Employees Provident Fund & Misc. Provisions Act, Employees State Insurance Act, NPS.
• Right to Information Act, 2005
• Sexual Harassment of Women at Work Place (Prevention, Prohibition of Redresses Act.) 2013 
• The Rights of Persons with Disabilities Act, 2016 

NPS Grade A & B Course by Team BankExamsToday

Team BankExamsToday is offering is a full-fledged, comprehensive and systematic course for the preparation of NPS exams.

Course features

• Daily video classes
• Study Material
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• Unit tests
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• 5 full-length mock tests 
• Interview preparation guide

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