How competitive is the IRDAI AM exam compared to other Ministry of Finance exams?
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The IRDAI Assistant Manager (AM) exam is highly competitive, though its level of difficulty may vary compared to other Ministry of Finance exams such as SEBI Grade A, RBI Grade B, and PFRDA Grade A. While all these exams assess candidates on similar subjects like Quantitative Aptitude, Reasoning, English, General Awareness, and domain-specific knowledge, IRDAI AM has a more focused approach toward the insurance sector. The competition for IRDAI AM is intense due to the limited number of vacancies, making the selection ratio quite low. However, compared to RBI Grade B, which has a broader applicant base and a higher difficulty level in economics and finance, IRDAI AM may be slightly less challenging. SEBI and PFRDA exams also demand strong expertise in financial regulations and capital markets, whereas IRDAI focuses more on insurance laws and risk management. Overall, while IRDAI AM is a tough exam, its competition is relatively moderate compared to RBI and SEBI but remains highly demanding due to the specialized nature of the insurance sector.
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