SEBI Officers Grade A 2023: Syllabus and Exam Pattern

Dear Readers, 

SEBI Grade A 2023 exam notification is expected to be released in the first quarter of 2023. As the syllabus is vast, it is recommended that the students should start their preparations at least 6 months before the exam.

Vacancies and Notification Dates

Year	Vacancies	Notification Dates	Phase  I Date	Phase II Date
2018	84	15th September 2018	17th November 2018	16th Dec 2018
2020	80	7th March 2022	17th January 2021	27th Feb 2021
2022	80	4th January 2022	20th February 2022	20th March 2022

Exam Pattern:

Phase I On-Line Examination

Paper	Streams/Subjects	Maximum Marks	Duration	Cut off
Paper 1	All Streams: 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, and Test of Reasoning.	100	60 minutes	30%
Paper 2	General Stream: Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, and Economics. Legal, Information Technology & Official Language stream: Multiple choice questions on Specialized subjects related to the stream. Research Stream: Multiple choice questions on subjects of Economics, Econometrics, Statistics, Finance, and Commerce.	100	40 minutes	40%
Aggregate Cut off				40%

• There shall be negative marking (1/4th of marks assigned to the question) for Paper 1 and Paper 2 in Phase I.
• There shall be a cut-off of a minimum of 30% for Paper 1 (no sectional cut-off shall be there) and a cut-off of a minimum of 40% for Paper 2 in Phase I.
• The candidate would need to secure separate cut-offs in each paper as mentioned in (ii) above as well as aggregate cut-off marks of 40% in the Phase I exam to be shortlisted for Phase II. Marks obtained in Phase I shall be used only for shortlisting the candidates for the Phase II examination process and will not be counted for the final selection of the candidates.
• Subject to the criteria mentioned in (iii) above, all the candidates who clear Phase I shall be shortlisted for Phase II. A list of candidates shortlisted for Phase II will be made available on the SEBI website.

Phase II On-Line Examination

Paper	Streams/Subjects	Maximum Marks	Duration	Cut off	Weightage
Paper 1	All Streams: English (Descriptive Test) to test the drafting skills	100	60 minutes	30%	33.33%
	General Stream: Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, and Economics.	100	40 minutes	40%	66.67%
Aggregate Cut off				40%

• There shall be a negative marking (1/4th of the marks assigned to the question) for Paper 2 in Phase II.

Interview

• Candidate may opt for an interview either in Hindi or English. The weightage of marks obtained in Phase II will be 85%, while marks obtained in the interview shall be given a weightage of 15%.

Note 1: A Post Graduate Diploma in any discipline will be accepted as an educational requirement for General stream.

Note 2: Candidates are permitted to apply for a maximum of 2 streams only for which he/she is eligible to apply, as per their educational qualifications. Separate on-line application for each stream will have to be submitted and requisite fees are to be paid for each application.

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Syllabus for Paper 1 of Phase I 

General Awareness	Reasoning	English	Quantitative Aptitude
Banking Reforms	Coding & Decoding	Reading Comprehensions	Data Interpretation
Regulatory Bodies in India- NABARD, SEBI etc.	Syllogism	Para Jumbles	Data Sufficiency
International Banking	Machine Input Output	Para Completion	Number Series
Important RBI Circulars	Puzzles	Vocabulary	Time and Work
Financial Terms	Seating Arrangements	Error Spotting	Time and Distance
Banking Terms	Direction Sense Test	Sentence Improvement	Simple and Compound Interest
Latest Acts related to Banking	Blood Relations	Cloze test	Ratio and Proportion
Priority Sector Lending	Problems based on Ages		Averages
NPA - latest news	Rankings		Mixture and Allegation
SARFAESI Act	Data Sufficiency		Pipes and Cisterns
RBI Monetary Policy	Statement and Conclusions		Problems based on trains
Capital & Money Market Instrument	Statement and Assumptions		Percentages
Commercial Banks, NBFCs, HFC - Latest news	Statement and Arguments		Partnership
Mergers and Acquisitions in Banking Companies			Clocks
Credit Rating and Agencies			Permutation and Combinations
Payment Options- NEFT, RTGS, Bharat Bill payment etc.			Probability
RBI’s circulars			Profit, Loss and Discount
			Elements of Algebra
			Quadratic Equations

Syllabus for Paper 2 of Phase I 

A. Commerce & Accountancy 

1. Accounting as a financial information system.
2. Accounting Standards with specific reference to Accounting for Depreciation, Inventories, Revenue Recognition, Fixed Assets, Foreign Exchange Transactions, Investments.
3. Cash Flow Statement, Fund flow statement, Financial statement analysis; Ratio analysis.
4. Accounting for Share Capital Transactions including Bonus Shares, Right Shares. 
5. Employees Stock Option and Buy-Back of Securities. 
6. Preparation and Presentation of Company Final Accounts.

B. Management 

1. Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and Controlling. 
2. The Role of a Manager in an Organization. Leadership: The Tasks of a Leader.
3. Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. 
4. Human Resource Development: Concept of HRD; Goals of HRD.
5. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale. 
6. 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. 

C. Finance 

1. Financial System- Role and Functions of Regulatory bodies in the Financial Sector. 
2. Financial Markets- Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments. 
3. General Topics 

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

D. Costing 

1. Overview of Cost and Management Accounting - Introduction to Cost and Management Accounting, 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:- 

• Introduction to Lean System 
• Just-in-Time (JIT)
• Kaizen Costing 
• 5 Ss 
• Total Productive Maintenance (TPM) 
• Cellular Manufacturing/ One-Piece Flow Production Systems 
• Six Sigma (SS) 
• Introduction to Process Innovation and Business Process Re-engineering (BPR)

E. Companies Act 

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

F. Economics 

1. 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 
2. Balance of Payments, Foreign Exchange Markets, Inflation, Monetary and Fiscal Policy, Non-banking Financial Institutions.

Syllabus for Paper 1 of Phase II

Paper II – English (Writings Skills):

• The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic including precis writing/ essay writing/ comprehension.

1. Essay – (1. Economy /Finance, 2. Technology / Internet, 3. Abstract, 4. Social Issues)
2. Precis - (From the leading Newspaper)
3. Reading Comprehension (5 Questions based on the paragraph)

Syllabus for Paper 2 of Phase II in General Stream (Common Syllabus for both phases)

A. 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.

B. Management 

1. Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and Controlling; 
2. The Role of a Manager in an Organization. Leadership: The Tasks of a Leader; 
3. Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. 
4. Human Resource Development: Concept of HRD; Goals of HRD; 
5. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale. 
6. 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. 

C. Finance 

1. Financial System 
• Role and Functions of Regulatory bodies in the Financial Sector. 
2. Financial Markets 
• Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments. 
3. General Topics 
1. Basics of Derivatives: Forward, Futures, and Swap 
2. Recent Developments in the Financial Sector 
3. Financial Inclusion- use of technology 
4. Alternate source of finance, private and social cost-benefit, Public-Private Partnership 
5. Direct and Indirect taxes; Non-tax sources of Revenue, GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM), 
6. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components, and trends.

D. Costing 

1. Overview of Cost and Management Accounting - Introduction to Cost and Management Accounting, 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:- 
1. Introduction to Lean System 
2. Just-in-Time (JIT) Page 20 of 26 
3. Kaizen Costing 
4. 5 Ss 
5. Total Productive Maintenance (TPM) 
6. Cellular Manufacturing/ One-Piece Flow Production Systems 
7. Six Sigma (SS) 
8. Introduction to Process Innovation and Business Process Re-engineering (BPR)

E. Companies Act 

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

F. Economics 

1. 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 
2. Balance of Payments, Foreign Exchange Markets, Inflation, Monetary and Fiscal Policy, Non-banking Financial Institutions.

SEBI Officers Grade A 2023 Course by Team BankExamsToday

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Course Features

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• Unit tests
• 10 for Phase I & 5 for Phase II full-length mock tests
• Interview preparation guide

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