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NIACL AO 2018 Exam: Eligibility, Exam Pattern and Syllabus

Jan 15, 2019 11:50 IST
    NIACL AO Eligibility, Exam Pattern and Syllabus
    NIACL AO Eligibility, Exam Pattern and Syllabus

    NIACL AO notification for the 312 Administrative Officer Scale – I posts of Company Secretary, Legal, Finance & Accounts, and Generalists is out for which the online application process ended on 26 December 2018. The date of the phase I exam is 30 January 2019 while that of phase II is 2 March 2019. The candidates, who have applied as per the eligibility for the posts in NIACL AO 2018 exam, should know the exam pattern and syllabus.

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    NIACL AO 2018: Eligibility


    A candidate applying for recruitment in the Company must be either-

    (a) a citizen of India, or

    (b) a subject of Nepal, or

    (c) a subject of Bhutan, or

    (d) a Tibetan refugee who came over to India before 1st January, 1962 with the intention of permanently settling in India, or

    (e) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India. Provided that a candidate belonging to categories (b), (c), (d) and (e) shall be a person in whose favour a certificate of eligibility has been issued by the Government of India.

    Educational Qualification

    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.

    Specialists: A candidate must possess the minimum qualification as follows. The qualification should be from a recognised University or any equivalent qualification recognised as such by Central Government. Candidate should possess certificate in proof of passing the qualifying examination as on 01.12.2018.

    MBA/PGDM Finance candidates must furnish certificate from university confirming their specialization in finance at the time of interview, failing which they will not be allowed to appear for the interview.


    Minimum Qualification

    Company Secretary

    ACS/FCS from ICSI and Graduation/Post-graduation in any discipline with min 60%


    Graduate/Post-graduate in Law with min 60% (55% for SC/ST/PwBD)








    Finance & Accounts

    Chartered Accountant (ICAI) and Graduation/Post-graduation

    in any discipline with min 60% (55% for SC/ST/PwBD)


    Cost and Management Accountant (The Institute of Cost

    Accountants of India, earlier known as ICWAI) and

    Graduation/Post-graduation in any discipline with min 60%

    (55% for SC/ST/PwBD)


    MBA Finance/PGDM FINANCE* with min 60% (55% for



    M.COM with min 60% (55% for SC/ST/PwBD)

    Do Government Banks Share Profits with Employees


    (a) 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 01.12.2018.

    (b) Proper document from Board / University for having declared the result on or before 01.12.2018 has to be submitted at the time of interview.

    (c) The candidate must possess valid Mark-sheet / Degree Certificate of the necessary qualification as on 01.12.2018.

    (d) The percentage marks shall be arrived at by dividing the total marks obtained by the candidate in all the subjects in all semester(s)/year(s) by aggregate maximum marks in all the subjects irrespective of honours / optional / additional optional subject, if any. This will be applicable for those Universities also where Class / Grade is decided on basis of Honours marks only. The fraction of percentage so arrived will be ignored i.e. 59.99% will be treated as less than 60%.

    (e) Where CGPA / OGPA are awarded, the candidate will have to produce a certificate issued by the appropriate authority inter alia stating the norms of the University regarding conversion of grade into percentage and the percentage of marks scored by the candidate in terms of norms.

    NIACL AO 2018: Exam Pattern and Syllabus


    Minimum Age: 21 years Maximum Age: 30 years, as on 01.12.2018 i.e. a candidate must have been born not earlier than 2nd Dec 1988 and not later than 1st Dec 1997 (both dates inclusive).

    Relaxation in upper age limit shall be as follows:


    Age Relaxation

    Scheduled Caste/Scheduled Tribe

    5 Years

    Other Backward Classes (Non creamy layer)

    3 Years

    Persons with Benchmark Disabilities as defined under “The Rights of Persons with Disabilities Act, 2016”

    10 Years

    Ex-servicemen including Commissioned Officers and ECOs/SSCOs who have rendered at least five years Military Service as on 01.12.2018 and have been released; (a) on completion of assignment (including those whose assignment is due to be completed within one year from 01.12.2018) 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. The ECOs/SSCOs who have completed an initial period of assignment of five years of Military Service as on 01.12.2018 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 Years

    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

    Persons ordinarily domiciled in the State of Jammu & Kashmir during the period 1.1.1980 to 31.12.1989

    5 Years

    Existing Confirmed Employees of Public Sector General Insurance Companies (including GIC & Agriculture Insurance Company of India Ltd.)

    8 Years


    i. In case of a candidate who is eligible for relaxation under more than one of the above categories, the age relaxation will be available on a cumulative basis based on Govt. guidelines & Company Rules.

    ii. Candidates seeking age relaxation will be required to submit copies of necessary certificate(s) and produce the original certificate(s) for verification at the time of interview and /or any subsequent stage of recruitment process.

    iii. If a person with disability is entitled to age concession by virtue of being an Existing Confirmed Employee of Public Sector General Insurance Companies (including GIC & Agriculture Insurance Company of India Ltd.), concession to him/her will be admissible either as a ‘person with disability’ or as a ‘Existing Confirmed Employee of Public Sector General Insurance Companies (including GIC & Agriculture Insurance Company of India Ltd.)’ whichever may be more beneficial to him/her.

    iv. In case of an Ex-serviceman who has once joined in a Govt. job on the civil side after availing the benefits given to him as an Ex-serviceman for his reemployment, his Ex-servicemen status for the purpose of re-employment in Government ceases. However he/she will be eligible for age relaxation as applicable to ex-servicemen.

    v. An Ex- serviceman, who applies for various vacancies before joining any civil employment, can avail the benefit of reservation as ex-serviceman for any subsequent employment. However, to avail of this benefit, an ex-serviceman, as soon as he/she joins any civil employment, should give self declaration/undertaking to the concerned employer about the date-wise details of application for various vacancies for which he/she had applied for before joining the initial civil employment. Further, this benefit would be available only in respect of vacancies which are filled on direct recruitment and wherever reservation is applicable to the ex-servicemen.

    vi. There is no reservation for Ex-servicemen in Officers’ Cadre.

    NIACL AO 2018: Exam Pattern

    The NIACL AO Exam has three stages:

    1. Prelims Exam

    2. Mains Exam

    3. Interview

    All the candidates have to appear separately in these stages to get qualified finally.

    NIACL AO Prelims Exam Pattern (Generalists & Specialists Officers)

    There is a major change in the NIACL AO 2018 Exam Pattern. NIACL has introduced the new concept of Sectional Timings in the Prelims Exam as done by the IBPS & SBI. The Prelims Exam is of Objective Type. It will be conducted online and total marks will be 100. The duration of this test will be of 1hour and there will be three sections which are as follows:




    Quantitative Aptitude


    20 min

    Reasoning Ability


    20 min

    English Language


    20 min



    1 Hour


    • The questions will be in bilingual except English Language.
    • 20 minutes is allowed for each section.
    • The candidates have to secure passing marks in each section.
    • Prelims Exam is qualifying in nature.
    • For the wrong answer given by the candidates, one-fourth marks will be deducted as penalty. There will be no penalty for the unanswered questions.

    NIACL AO Mains Exam Pattern

    Mains Exam is of Objective and Descriptive type. There are 200 marks for the Objective test and 30 marks for the Descriptive Test. Both the tests will be online and Descriptive Test is to be typed on the computer. Here is the pattern of the exams:

    Mains Exam Objective Test (for Generalists):

    The duration of the Objective Test is 2 hours. There will be 4 sections. Total marks will be 200.




    Quantitative Aptitude



    2 Hours

    Reasoning Ability


    English Language


    General Awareness




    Mains Exam Objective Test (for Specialists):

    The duration of the Objective Test is 2 hours. There will be 5 sections. Total marks will be 200.




    Quantitative Aptitude



    2 Hours 

    Reasoning Ability


    English Language


    General Awareness


    Test for the Specific Discipline





    • The mode of question paper will be bilingual except English language.
    • The candidates need to qualify in each section to get shortlisted for the Interview and to get their Descriptive test evaluated.

    Mains Exam Descriptive Test (for Generalist and Specialist):

    The Descriptive Test will be of 30 minutes and for 30 marks. The test will be of Letter & Essay writing. The test will be in English and in online mode. 10 marks will be for letter writing and 20 marks will be for essay writing. The candidates need to qualify the descriptive test; but the marks in the descriptive test will not be considered for interview and final selection.

    NIACL AO Interview

    The weightage of online Exam and Interview will be 80:20. Final selection of the candidates is based on total marks obtained in the Main Exam & Interview.

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    NIACL AO 2018: Syllabus

    The NIACL has not provided any specific syllabus for the AO exam but on the basis of the analysis of previous exams, some important topics are as below:

    Syllabus of Quantitative Aptitude

    Data Interpretation

    Number Series

    Quadratic Equations


    Ratio and Proportion

    Simple & Compound Interest


    Number System



    Mixture and Allegations

    Time and Work

    Permutation & Combination

    Data Sufficiency

    HCF and LCM

    Problems based on Age

    Pipe and Cistern

    Speed, Distance and Time


    Profit, Loss and Discount


    Syllabus of Reasoning Ability

    Seating Arrangement

    Data Sufficiency

    Alphanumeric Series

    Direction and Sense





    Input - Output

    Blood Relation


    Syllabus of English Language

    Reading Comprehension (including questions on vocabulary)

    Cloze Test

    Sentence Improvement

    Para Jumbles/ Sentence rearrangements

    Double Fillers (Sentence Completion)

    Phrase Replacement

    Picking out Irrelevant Statements

    Theme of the Passage

    Spotting Errors

    Syllabus of General Awareness

    Current Affairs (last 6 months)

    Banking Awareness Topics (Banking in India, Banking Terminology, Bank Headquarters, Slogans of Banks)

    Books & Authors

    Important Places

    Ports in India

    Superlatives in India and the World

    Awards & Honours

    Headquarters of Important Organisations

    Schemes of Government

    Important Days

    Countries, their Capitals and Currencies

    Airports around the World

    Abbreviations and Economic Terminologies

    Syllabus for Professional Knowledge: Company Secretary

    Advanced Company Law and Practice

    Secretarial Audit, Compliance Management and Due Diligence

    Corporate Restructuring, Valuation and Insolvency

    Information Technology and Systems Audit

    Financial, Treasury and Forex Management

    Ethics, Governance and Sustainability

    Advanced Tax Laws and Practice

    Drafting, Appearances and Pleadings

    Banking Law and Practice

    Capital, Commodity and Money Market

    Insurance Law and Practice

    Intellectual Property Rights

    International Business Laws

    Syllabus for Professional Knowledge: Legal

    Consumer Protection Act

    Banking Regulations

    Compliance and Legal Aspects


    Negotiable Instruments, Securities, Foreign Exchange (Laws and Orders)

    Prevention of Money Laundering

    Bankers Book Evidence Act

    DRT Act

    Banking Ombudsman Scheme

    Offenses and Penalties

    Contract Acts, Partnerships, Companies and Firm

    Limitation Act

    Syllabus for Professional Knowledge: Finance & Accounts

    Accounting for Business Decisions

    Accounting Theory and Standards

    Advanced Corporate Accounting

    Advanced Financial Accounting

    Applied Cost Accounting

    Business Research Methods

    Management of Financial Services

    Managerial Finance

    Modern Banking

    Principles of Accounting

    Quantitative Techniques for Finance

    Computerised Accounting (Tally)

    Communicative Skills

    Cost Control Techniques

    Costing Methods

    Direct Taxes


    Enterprise Resource Planning

    Financial Accounting

    Financial Markets and Institutions

    Principles of Insurance Management

    Principles of Modern Banking

    Principles of Personal Finance

    Project Management

    Financial Management

    Financial Services

    Human Resource Management

    Indirect Taxation

    Insurance and Risk Management

    International Financial Management

    Investment & Portfolio Management

    Management Accounting

    Management Information Systems

    Security Analysis and Portfolio Management

    Considering the exam pattern and syllabus, the candidates should prepare for the exams. The syllabus is exhaustive and should be studied well so that the chance of success becomes more in the exam.

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