SEBI Grade A 2023: Vacancies, Eligibility, Exam Pattern, Cutoffs and Syllabus

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

Criteria of Examination

Phase 1 - Online
Phase 2 - Online
Phase 3 - Interview

Phase I - Exams Pattern

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 the 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 of 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 - Exam Pattern

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 of Commerce, Accountancy, Management, Finance, Costing, Companies Act, and Economics.	100	40 minutes	40%	66.67%
Aggregate Cut off				50%

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%.

Eligibility - Age Limit < 30 Years

Age Limit (as on 31/12/2021):

A candidate must not have exceeded the age of 30 years as on December 31, 2021, i.e., the candidate must have been born on or after January 01, 1992.
The upper age limit prescribed above will be relaxable:

up to a maximum of five years for candidates belonging to a Scheduled Caste or a Scheduled Tribe if the posts are reserved for them;
up to a maximum of three years in the case of candidates belonging to Other Backward Classes who are eligible to avail of reservation applicable to such candidates if the posts are reserved for them;

A relaxation of 10 (ten) years for PwBD candidates shall be applicable whether the post is reserved or not. Relaxation of 13 (thirteen) years for PwBD (OBC) candidates where vacancies are reserved for OBC candidates. Relaxation of 15 (fifteen) years for PwBD (SC/ST) candidates where vacancies are reserved for SC/ST candidates.

Eligibility - Qualification

Master’s Degree in any discipline, Bachelor’s Degree in Law, Bachelor’s Degree in Engineering from a recognized university, CA / CFA / CS / CWA.

Note 1: A Post Graduate Diploma in any discipline from a recognized University / Institute 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.

Cut-offs

Phase 2 or 3	2020	2022
Paper 1	Gen - 66	Gen – 62.34
Paper 2	OBC - 60	OBC - 58
Interview	SC – 57.66	SC – 55.67
	ST – 51. 67	ST - 53

Syllabus - Phase I Paper 1

English Language

Reading Comprehension
Cloze Test
Error Spotting
Double Fillers
Sentence Rearrangement
Vocabulary Based Questions

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

Logical Reasoning Ability

Machine Input Output
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

Syllabus for Phase I - GA

Banking and Financial Awareness (4-5 Marks) Topics like RBI, SEBI, PFRDA, IRDAI, Finance Ministry News and Notifications

Government Schemes

Other Current Affairs (10-12 Marks)

General Awareness

Latest Updates in Financial & Capital Markets
Commercial Banks, NBFCs, HFC - Latest news
Mergers and Acquisitions in Banking Companies
Complete List of Obituaries 2022
Recently Appointed Brand Ambassadors List
Monthly GK Digest
Ministry of Cabinet Ministers
Renamed Govt. Schemes, Cities, Airports & Railway Stations
International reports and indices
Important committees
GDP Growth numbers by various organizations
Union Budget
Latest mergers and MOUs of banks and financial institutions
Heads of various financial organizations
Joint Military Exercises of India
List of Summits and Conferences
India's Rankings in Different Indices
List of Appointments in 2022
List of Important Days With Themes
List of MoUs signed by India in 2022
Upcoming Sports Event 2022
List of Sports Events & Winners – 2022
Awards and Honours 2022

Syllabus for Paper 2 of Phase I & II

A. Commerce and Accountancy

Accounting as a financial information system;
Accounting Standards with specific reference to Accounting for Depreciation, Inventories, Revenue Recognition, Fixed Assets, Foreign Exchange Transactions, and 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.

Topics not in Syllabus

Introduction to Accountancy

Theory base of Accountancy

Recording Transaction Part 1

Recording Transaction Part 2

Trial Balance

Bills of Exchange

B. 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.

C. Finance

Financial System

Role and Functions of Regulatory bodies in the Financial Sector.

Financial Markets

Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, and recent developments.

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

Overview of Cost and Management Accounting - Introduction to Cost and Management Accounting, Objectives and Scope of Cost and Management Accounting.
Methods of Costing - Single Output/ Unit Costing, Job Costing, Batch Costing, Contract Costing, Process/ Operation Costing, Costing of Service Sectors.
Basics of Cost Control and Analysis - (i) Standard Costing, (ii) Marginal Costing, (iii) Budget and Budgetary Control.
Lean System and Innovation:-

Introduction to Lean System
Just-in-Time (JIT) Page 20 of 26
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.

Topics not in Syllabus

Chapter IX – Companies Act – Accounts of Company

Chapter XIII - Companies Act - Remuneration of Managerial Personnel

Chapter I - Companies Act – Basics of Companies Act

F. 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, and Non-banking Financial Institutions.

Syllabus Paper 1 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.

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

Syllabus Paper 2 Phase II

Same Syllabus as discussed for Paper 2 Phase 1
But the Difficulty level is Higher in Paper 2 Phase 2

SEBI Grade A 2023 Course by Team BankExamsToday

Video classes for all the subjects
Complete coverage of Phase I & II Syllabus
Downloadable notes
Quizzes
Full-length test series
Descriptive paper evaluation

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