Pension Fund Regulatory and Development Authority (PFRDA) will soon announce the PFRDA Grade A Notification for Assistant Manager on its official website. As per the previous notification, we have detailed the PFRDA Grade A (Assistant Manager) Syllabus 2025 in the article. Candidates who have completed their graduation and have not crossed 30 years of age must check the syllabus and understand the pattern of the examination. This syllabus helps candidates classify the subjects and topics according to the exam pattern. Scroll down the article to know the syllabus, selection process, and exam pattern.
PFRDA Grade A Syllabus and Exam Pattern 2025
The PFRDA Grade A (Assistant Manager) Syllabus is divided into phases, according to the exam pattern. Each phase has its own specific topics and subjects that candidates have to focus on. A basic understanding of topics is mandatory because it gives candidates clarity on what to expect in the examination. Let's have a look at the table to know the marking scheme for both phases.
PFRDA Grade A (Assistant Manager) Syllabus 2025: Overview | |
Conducting Body | Pension Fund Regulatory and Development Authority |
Post Name | Assistant Manager (Grade A) |
Category | Syllabus |
Exam Mode | Online |
Total Questions | Phase 1- 130 Phase 2- 53 |
Total Marks | 200 Marks Each Phase |
Negative Marking | ¼ |
Selection Process | Prelims, Mains and Interview |
Official Website | https://www.pfrda.org.in/ |
PFRDA Grade A Notification 2025 - Check Details
PFRDA Assistant Manager Selection Process 2025
The selection process for PFRDA Assistant Manager (Grade A) consists of three process
- Phase 1 (Qualifying)
- Phase 2 (MCQ+Descriptive)
- Phase 3 (Interview)
PFRDA Grade A Exam Pattern 2025
The Pension Fund Regulatory and Development Authority exam pattern for Assistant managers has been summarized below for both phases. Phase 1 tests the candidate's knowledge in mathematics and awareness while Phase 2 tests the descriptive and banking knowledge.
PFRDA Grade A Exam Pattern Phase 1
The PFRDA Grade A Phase 1 exam is qualifying and consists of two online papers, each of 100 marks. There is a 1/4th negative marking for incorrect answers. To move to Phase 2, you have to meet separate cut-offs for each paper and the overall cut-off.
PFRDA Grade A Exam Pattern Phase 1 for General Stream | ||||
Paper | Subjects | Questions | Marks | Time |
Paper 1 | English Language | 20 | 25 | 60 minutes |
Quantitative Aptitude | 20 | 25 | ||
Reasoning | 20 | 25 | ||
General Awareness (including some questions related to Financial Sector) | 20 | 25 | ||
Total | 80 | 100 | ||
Paper 2 | Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics and Pension Sector. | 50 | 100 | 40 minutes |
PFRDA Grade A Exam Pattern Phase 1 for Information Technology, Finance and Accounts, Research (Economics), Research (Statistics), Legal and Official Language (Rajbhasha) Streams | ||||
Paper | Subjects | Questions | Marks | Time |
Paper 1 | English Language | 20 | 25 | 60 minutes |
Quantitative Aptitude | 20 | 25 | ||
Reasoning | 20 | 25 | ||
General Awareness (including some questions related to Financial Sector) | 20 | 25 | ||
Total | 80 | 100 | ||
Paper 2 | Multiple choice questions on Specialised subject related to stream. | 50 | 100 | 40 minutes |
PFRDA Assistant Manager Exam Pattern Phase 2
The PFRDA Grade A Phase 2 exam has two online papers, each of 100 marks. There is a 1/4th negative marking in objective Paper 2 for wrong answers.
PFRDA Grade A Exam Pattern Phase 2 for General Stream | ||||
Papers | Subjects | Questions | Marks | Duration |
Paper 1 | English (Descriptive Test) to test the drafting skills | 3 | 100 | 60 minutes |
Paper 2 | General Stream: Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics and Pension Sector. | 50 | 100 | 40 minutes |
PFRDA Grade A Exam Pattern Phase 2 for Information Technology, Finance and Accounts, Research (Economics), Research (Statistics), Legal and Official Language (Rajbhasha) Streams | ||||
Papers | Subjects | Questions | Marks | Duration |
Paper 1 | English (Descriptive Test) to test the drafting skills | 3 | 100 | 60 minutes |
Paper 2 | Information Technology, Finance and Accounts, Research (Economics), Research (Statistics), Legal and Official Language (Rajbhasha) Streams: Multiple choice questions on Specialized subject related to stream. | 50 | 100 | 40 minutes |
PFRDA Grade A Syllabus 2025- Phase 1
The syllabus for Grade A consists of 5 subjects which include, English, Quantitative Aptitude, Reasoning, General Awareness and Professional knowledge. Check the topics and know the subjects which are going to be asked in the examintion.
English Language
- Cloze test
- Grammar
- Error Spotting
- Comprehension Ability
- Comprehension passage
- One-word Substitution
- Phrasal Verbs
- Rearrangement
- Para jumbles
- Double Fillers
- Sentence Improvement
- Synonyms
- Antonyms
- Idioms
Quantitative Aptitude
- Ratio and Proportion
- Percentage
- Profit and Loss
- Time and Distance
- Data Sufficiency
- Simple and Compound Interest
- Average and Ages
- Time and Work
- Pipes and Cistern
- Partnership
- Mixture and Alligation
- Series and Quadratic Equation
- Mathematical Inequalities
- Number Series
- Data Interpretation
- Simplification/ Approximation
- Quantity Comparisons
Reasoning
- Alphanumeric Series
- Seating Arrangement
- Input-Output
- Critical Reasoning
- Ranking and Order
- Coding and Decoding
- Syllogism
- Blood Relation
- Puzzles
- Direction Sense
- Inequality
- Questions Based on Data Sufficiency
General Awareness
- National News: MoUs, Summits, and Major Events in India
- Financial and Economics News
- Financial Awareness: RBI and SEBI Notification and Regulations
- Military Exercises
- Major events or days, along with its date and theme
- Summits and Conferences held abroad
- Persons in News: Obituaries, Appointments, and Retirements
- Sports: Major Tournaments and its Winners
- National Parks and Sanctuaries
- Airport Locations, Stadiums
- Organisations’ Headquarters
- Banks’ Headquarters and Taglines
- Power Plants in India
- Indian Dance Forms
- Chief Ministers and Cabinet Ministers
- Environment
- Banking and Economy-Related News
- Important Days
- Countries Capitals and their Currencies
- Science, Technology, and Space
- Awards and Honours
- Reports and Government Schemes
- Books and Authors
Paper 2- Subject Related
Commerce and Accountancy:
- Accounting as a Financial Information System
- Accounting Standards
- Cash Flow Statement
- Accounting for Share Capital Transactions
- Employee Stock Options and Buyback of Securities
- Preparation and Presentation of Company Final Accounts
Management:
- The Role of a Manager in an Organization
- Human Resource Development
- Motivation and Communication
- Leadership and Leadership Styles
Economics:
- Demand and Supply, Market Structures
- Foreign Exchange Markets, Inflation
- Monetary and Fiscal Policy
- Non-banking Financial Institutions
- National Income, Balance of Payments
Costing:
- Overview of Cost and Management Accounting
- Methods of Costing
- Basics of Cost Control and Analysis
- Lean System and Innovation
Pension Sector:
- Status of the Pension Sector in India
- Types of Retirement Schemes in India
- National Pension System
- Atal Pension Yojana
- Annuity Plans
- Basics of Investment
Finance:
- Financial System
- Financial Markets
- Company Act and The Companies Act, 2013
PFRDA Assistant Manager Syllabus 2025- Phase 2
The Phase 2 exam for the Assistant Manager consists of descriptive subjects which include, essays, precise writing, and reading comprehension and the second paper consist of various subjects related to the subject.
General Stream
- Commerce & Accountancy
a) Accounting as a financial information system;
b) Accounting Standards with specific reference to Accounting for Depreciation, Inventories, Revenue Recognition, Fixed Assets, Foreign Exchange Transactions, Investments.
c) Cash Flow Statement, Fund flow statement, Financial statement analysis, Ratio analysis;
d) Accounting for Share Capital Transactions including Bonus Shares, Rights Shares.
e) Employee Stock Option and Buy-Back of Securities.
f) Preparation and Presentation of Company Final Accounts. - Management
a) Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and Controlling;
b) The Role of a Manager in an Organization. Leadership: The Tasks of a Leader;
c) Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader.
d) Human Resource Development: Concept of HRD; Goals of HRD;
e) Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale.
f) 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
1) Financial System: a) Role and Functions of Regulatory bodies in the Financial Sector.
2) Financial Markets: a) Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.
3) General Topics: a) Basics of Derivatives: Forward, Futures, and Swap
b) Recent Developments in the Financial Sector
c) Financial Inclusion- use of technology
d) Alternate source of finance, private and social cost-benefit, Public-Private Partnership
e) Direct and Indirect taxes; Non-tax sources of Revenue, GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM),
f) Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends. - Costing
1. Overview of Cost and Management Accounting - Introduction to Cost and Management Accounting, Pension Fund Regulatory and Development Authority Recruitment of Officer Grade ‘A’ (Assistant Manager) - 2025, Objectives and Scope of Cost and Management Accounting.
2. Methods of Costing - Single Output/ Unit Costing, Job Costing, Batch Costing, Contract Costing, Process/Operation Costing, Costing of Service Sectors.
3. Basics of Cost Control and Analysis - (i) Standard Costing, (ii) Marginal Costing, (iii) Budget and Budgetary Control.
4. Lean System and Innovation:-
a) Introduction to Lean System
b) Just-in-Time (JIT)
c) Kaizen Costing
d) 5 Ss
e) Total Productive Maintenance (TPM)
f) Cellular Manufacturing/ One-Piece Flow Production Systems
g) Six Sigma (SS)
h) Introduction to Process Innovation and Business Process Re-engineering (BPR). - Companies Act
The Companies Act, 2013 – Specific reference to Chapter III, Chapter IV, Chapter VIII, Chapter X, Chapter XI, Chapter XII, and Chapter XXVII. - Economics
a) 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
b) Balance of Payments, Foreign Exchange Markets, Inflation, Monetary and Fiscal Policy, Non-banking Financial Institutions. - Pension Sector
a) Status of the pension sector in India
b) Types of retirement schemes in India and their features
c) National Pension System
d) Atal Pension Yojana
e) Annuity Plans
f) Basics of investment
Information Technology Stream
- Database Concepts: ER-model, relational model, normal forms, file organization, indexing (B and B+ trees), relational algebra, tuple calculus, integrity constraints, transactions, and concurrency control.
- SQL Queries: Select, view, union, intersection, truncate, delete, update, alter, inner and outer joins, aggregate functions, except, in, and exists clauses, nested queries.
- Programming Concepts (Java/C/C++): Program control (iteration, recursion), constructors, exception handling, functional and logic programming, functions, scope of variables, binding of variables & functions, parameter passing, inheritance, classes, objects, OOPS concepts.
- Algorithms for Problem Solving: Tree and graph traversals, connected components, spanning trees, shortest paths, hashing, sorting, searching, and design techniques.
- Networking Concepts: ISO/OSI stack, IP, switches, gateways, routers, LAN technologies (Ethernet, Token ring), TCP/UDP, application layer protocols (DNS, SMTP, POP, FTP, HTTP), firewalls.
- Information & Cyber Security Concepts: Cyber attacks, software development security, network security, authentication, CIA (Confidentiality, Integrity, Availability), network audit, systems audit.
- Data Warehousing: Data extraction, data cube, data mart, cleaning, transformation, loading, metadata, data models.
- Shell Programming: Shell scripting basics, loops, shell variables, script arguments, if statements, return, and basic UNIX commands.
- Data Analytics Languages (Python/R): Regex, slicing, data reshaping, dataframes, dictionaries, sets, file management, classes, functions, data mining, lists, importing/exporting data, charts, and graphs.
Research (Statistics) Stream
- Probability Theory
- Descriptive Statistics
- Probability Distributions
- Statistical Inference
- Sampling
- Techniques
- Testing of Hypothesis
- Economic Statistics
- Time Series Analysis
- Operations Research
- Statistical Quality Control
- Statistical computing.
Research (Economics) Stream (Common Syllabus for both phases)
- Statistics and Econometrics: Includes measures of central tendency, correlation, sampling methods, hypothesis testing, regression analysis, and time series analysis.
- Financial Institutions and Markets: Focuses on market models, money markets, stock exchanges, mutual funds, pension markets, and the role of international financial institutions like the IMF and World Bank.
- Economics: Covers topics like demand and supply, market structures, inflation, fiscal and monetary policies, banking, public debt, and foreign trade.
Legal Stream (Common Syllabus for Both Phases)
- Acts and Laws: PFRDA Act, 2013, IRDAI Act, 1999; SEBI Act, 1992. Constitution of India: Preamble, Fundamental Rights, Directive Principles.
- Criminal Law: Indian Penal Code, 1860; Code of Criminal Procedure, 1973.
- Evidence and Civil Procedure: Indian Evidence Act, 1872; Code of Civil Procedure, 1908.
- Corporate Law: Companies Act, 2013; Insolvency and Bankruptcy Code, 2016.
- Law of Contracts: Indian Contract Act, 1872; Partnership Act, 1932; Specific Relief Act, 1963.
Finance and Accounts Stream (Common for Both Phases)
- Financial Statements: Trial Balance, Balance Sheet, Cash Flow Statement, Income Statement.
- Taxation: Income Tax Act, GST, Direct and Indirect Taxes.
- Financial Markets: Primary and Secondary Markets, Derivatives, Financial Inclusion.
- Financial Analysis: Ratio Analysis, Break-Even Analysis, IND AS, Auditing Standards.
- Cost and Management Accounting: Marginal Costing, Cost Volume Profit Analysis, Capital Budgeting.
Official Language (Rajbhasha) Stream (Common for Both Phases)
- भारत सरकार की राजभाषा नीतत (Official Language Policy of the Govt. of India) सेसंबंधित प्रश्न
- हिन्दी सेअंग्रेजी – पेंशन / प्रशासतनक / बकैंकंग / प ंजी बाजार / अर्थशास्त्र/ सामाजजक सुरक्षा शब्दावली (Pension / Administrative / Banking / CapitalMarket / Economics / Social Security Terminology)
- हिन्दी सेअंग्रेजी अनुवाद [शब्द / वाक्ांश / वाक् / Terms / Phrases / Sentences]
- अंग्रेजी सेहिन्दी अनुवाद [शब्द / वाक्ांश / वाक् / Terms / Phrases / Sentences]
- हिन्दी सेअंग्रेजी – ववधिक शब्दावली (Legal Terminology)
- अंग्रेजी सेहिन्दी – ववधिक शब्दावली (Legal Terminology)
- अंग्रेजी सेहिन्दी – पेंशन / प्रशासतनक / बकैंकंग / प ंजी बाजार / अर्थशास्त्र / सामाजजक सुरक्षा शब्दावली (Pension / Administrative / Banking / Capital Market / Economics / Social Security Terminology)

Trending Articles:
- IOB LBO Admit Card 2025 Out for CBT Exam
- AAI ATC Admit Card 2025 Out
- Bank of Baroda LBO Recruitment 2025 Notification for 2500 Posts
- RRB NTPC Undergraduate Exam Date 2025 Out
- SSC CHSL 2025 Notification Out
- RRB Technician Notification 2025 Out (6180)
- SSC JE 2025 Notification 2025 Out for 1340 Vacancies
- SBI PO Notification 2025 Out for 541 Posts
- SSC MTS 2025 Notification Out (1075 vacancy)
Important Links