SEBI grade A 2024 Exam

SEBI Grade A Recruitment 2023 : Securities and Exchange Board of India is a regulatory organisation for the Indian securities market whose head office is located in Mumbai. SEBI aims to protect the interests of investors in securities and to promote & regulate the development of the securities market. SEBI recruitment notification has been published for SEBI Grade A (Assistant Manager) in various streams inviting eligible graduates & post-graduates to be a part of their team. Interested candidates are invited to submit their applications from 22nd June 2023 and online registration is going to last till 09th July 2023.

SEBI Grade A Exam Date 2023 for Online Exam has been announced along with the notification released by the Securities and Exchange Board of India on https://www.sebi.gov.in/. The important dates for SEBI Grade A Recruitment 2023 has been updated here as announced with the SEBI Grade A notification 2023.
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It is very important to check one’s eligibility criteria before applying for any Examination. Here, the candidates can check their eligibility criteria before applying for any post of the SEBI Grade A Assistant Manager.

Candidates having Indian nationality can apply. Only a Maharashtra domicile can apply for SEBI Grade A Assistant Manager for General Stream.
 

There are six streams for SEBI Grade A Assistant Manager. The educational qualifications for each stream are different. The stream-wise educational qualification is provided here.

The candidate must fulfill the age criteria as per the releasing date of the official notification. Age criteria are as follows:

• The maximum age limit is 30 years, i.e. the candidate should not be born on or before 01st March 1991.
• Age relaxation is provided for the reserved categories as per the government norms. See the table below:-

SEBI has released SEBI Grade A Vacancy 2023 along with its notification pdf. For the year 2023, the Securities and Exchange Board of India had announced fresh 25 vacancies for SEBI Grade A (Assistant Manager) for various streams like General Stream, Legal Stream, Information Technology Stream, Engineering Stream, Research Stream, and Official Language Stream. Check the detailed vacancy distribution of SEBI Grade A Vacancy 2023 from here-
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The admit card link for SEBI Grade 2022 will be made available on the official website of SEBI. The candidates who have applied successfully can download the admit card from the official portal for SEBI Grade A 2022.
 

These are the steps the candidate needs to follow to download the admit card successfully.

Step 1: Visit the official website of SEBI- (Link is provided below)

Step 2: Find the SEBI Grade A Assistant Manager Admit Card Link and click on that link

Step 3: Log in to the portal using your Login credentials, i.e., registration ID and password.

Step 4: Your Admit card for SEBI Grade A Assistant Manager will appear on the screen. Download and keep that Admit Card for future reference.
 

The SEBI Grade A Admit Card may have the following details about the candidates:

• Name
• Date of Birth
• Photograph
• Registration number
• Name of Exam Center
• Date of Exam
• Reporting Time
• COVID protocols: Do-s and Don’t-s

One of the main attractions for various candidates to apply for the SEBI Grade A exam is the salary structure. The basic Officers Grade ‘A’ (Assistant Manager) salary is  28150-1550(4)-34350-1750(7)-46600-EB-1750(4)-53600-2000(1)-55600 (17 years). Other allowances such as House Allowance, House Cleaning Allowance, Medical Expense, Book Grant, Leave Fare Concession, Financial Dailies, Education Expenses, Briefcase, Conveyance Expenses, Staff Furnishing Scheme, Scheme for Purchasing Computers, Subsidized Lunch Facility, etc., will be as admissible as per the rules for Grade A officer in SEBI.

The selection process of SEBI Assistant Manager Grade A consists of 3 phases:

• Phase I: Preliminary Examination (Online Objective Test)
• Phase II: Main Examination (Online Objective & Descriptive Test)
• Phase III: Interview

Note: - SEBI reserves the right to modify the selection procedure if it deems fit.

The first stage of the SEBI Grade A Recruitment exam was the Online Screening Test. It had 200 questions for a total of 200 marks. This test is divided into two sections. Section 1 had questions from General Awareness, Reasoning, Aptitude, English Language. Section 2 had questions from various streams namely: General, Legal, IT, Civil Engineer, Electrical Engineer, Research, and Official Language. The time allotted for this examination was 100 minutes in the 2022 year cycle. The details of the various topics asked are given below:
 

The Online Screening Test paper consists of two parts:

The following topics were  needed to be covered in the first part in the 2022 year cycle. We can expect the similar topics for 2023 exam cycle.

The expected topics for various subjects have been tabulated below. Go through these topics thoroughly and increase your chances of getting recruited as a SEBI Grade A officer exponentially.

Kindly note: topics in phase 1 of the rest of the streams are similar to topics in the Phase 2 examination, which is discussed later in this article. 

The second phase of the SEBI Grade A was the Online Examination. This examination had a total of 200 marks. The examination was  divided into two papers- PAPER 1 and PAPER 2. Paper 1 was a descriptive type of paper in English. Paper-II had questions from concerned subjects like General, Legal, IT, Civil Engineer, Electrical Engineer, Research, and Official Language in the 2022 year cycle. The details of the topics are given below:

The Online Examination paper consists of two parts:

1. The paper on English is framed in a manner that will assess the writing skills of the candidates including expression and understanding of the topic. It includes precis writing/essay writing/comprehension in the 2022 year cycle. 

The Paper II consists of 5 major streams like Legal, Information Technology, General, Research and Official Language. The syllabus for Legal and Information Technology streams was different for both the phases. However, the syllabus for General, Research and Official Language streams was similar for both the phasesin the 2022 year cycle.As notification of 2023 has not been released yet and we can expect the similar details as for 2023. Check out the Stream-wise syllabus for both the phases below.
 

Candidates can check the syllabus for the Legal stream for phase II below. The table contains the subjects and the marks  weightage for each in detail.

Given below is the syllabus for Paper II of Phase II for IT Stream as per  the 2022 year cycle.As notification of 2023 has not been released yet and we can expect the similar details as for 2023.. The table below shows the topics, sub-topics and weightage for the IT Stream in detail.

Kindly Note: The rest of the topics in this section as well as paper 2 of the first phase of the Screening Test are the same. The topic to be asked for various streams are discussed below: 

Syllabus for the General Stream is common for Phase I and Phase II in the 2022 year cycle. As notification of 2023 has not been released yet and we can expect the similar syllabus for 2023 Exam cycle. Candidates can check the syllabus for each subject of the General Stream below.

• 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.

• 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.

• 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, 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.

• 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 -
  • Standard Costing,
  • Marginal Costing,
  • Budget and Budgetary Control.
• Lean System and Innovation -
  • Introduction to Lean System
  • Just-in-Time (JIT) Page 20 of 26
  • Kaizen Costing 5S
  • Total Productive Maintenance (TPM)
  • Cellular Manufacturing/ One-Piece Flow Production Systems
  • Six Sigma (SS)
  • Introduction to Process Innovation and Business Process Re-engineering (BPR).

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

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

Candidates should note that the syllabus for the Research Stream is common for Phase 1 and Phase 2. Given below is the syllabus for each subject of the Research Stream.

• Demand and Supply, 
• Market Structures, 
• National Income, 
• Determination of output and employment, 
• Investment Function, 
• Multiplier and Accelerator, 
• Demand and Supply for Money , 
• IS – LM, Inflation and Phillips Curve, 
• Business Cycles, 
• Inflation, 
• Monetary and Fiscal Policy, 
• Non-banking Financial Institutions.

• Public Goods, 
• Tax & Non-Tax Revenue, 
• Direct & Indirect Taxes, 
• Progressive and non-Progressive Taxation, 
• Incidence and Effects of Taxation, 
• Public expenditure , 
• Public Debt, 
• Public Budget and Budget Multiplier. 

• Measures of Central tendency & dispersions, 
• Correlation, Sampling methods, 
• Sampling Distribution, 
• Statistical Inferences, 
• Hypothesis testing, 
• Regression Analysis.

• Balance of Payments, 
• Foreign Exchange Markets, 
• Role of International Financial Institutions: BIS, IOSCO, IMF & World Bank.

• Asymmetric Information, 
• Market Model, 
• Market Efficiency, 
• Primary Market, 
• Secondary Market, 
• Commodity Markets, 
• Mutual Funds, 
• Stock Exchanges, 
• Depositories, 
• Clearing Corporations, 
• Credit Rating Agencies, 
• Corporate Debt Market
• Forwards, Futures, Options, Hedging, 
• Speculation and Arbitrage.

Official Language

1. भारत सरकार की राजभाषा नीतत (Official Language Policy of the Govt. of India) से संबंतित प्रश्न 
2. तिन्दी से अंग्रेजी अनुवाद [शब्द / वाक्ांश / वाक् / Terms / Phrases / Sentences]
3. अंग्रेजी से तिन्दी अनुवाद [शब्द / वाक्ांश / वाक् / Terms / Phrases / Sentences]
4. तिन्दी से अंग्रेजी - तवतिक शब्दावली (Legal Terminology) 
5. अंग्रेजी से तिन्दी - तवतिक शब्दावली (Legal Terminology) 
6. तिन्दी से अंग्रेजी – प्रशासतनक / बैंतकंग / प ंजी बाजार संबंिी शब्दावली (Administrative / Banking / Capital Market Terminology) 
7. अंग्रेजी से तिन्दी - प्रशासतनक / बैंतकंग / प ंजी बाजार संबंिी शब्दावली (Administrative / Banking / Capital Market Terminology)

The two phases of SEBI Grade A each had tested on two Papers. Paper 1 and Paper 2. The Online Screening Test consists of 200 questions, 100 questions from the paper 1 and 100 questions in paper 2. On the other hand in the second phase, the Online examination consists of questions from English Descriptive in Paper 1, and questions from Subject Concerned. It had 100 questions. Every question carries 1 mark in the 2022 year cycle.As notification of 2023 has not been released yet and we can expect the similar details as for 2023.The entire pattern and marking scheme is discussed further. 

For the Online Screening Test, the test had an Objective form. There are a total of 200 questions: 100 questions from General Awareness, Aptitude, Reasoning, English language and another 100 questions from the Subject concerned. The maximum marks for the is 200. The total time allotted for this test was  100 minutes in the 2022 year cycle.As notification of 2023 has not been released yet and we can expect the similar details as for 2023.

 Refer the table below for a detailed idea of the prelims exam pattern:

For the second phase of the Online exam, there had two papers on which the candidates had tested. The first paper was descriptive in nature and was of 100 marks. Paper-II will be Objective in nature and will carry 100 marks in the 2022 year cycle.As notification of 2023 has not been released yet and we can expect the similar details as for 2023. The complete pattern is listed below: 

The eligible candidates can apply for the respective stream of SEBI Grade A Assistant Manager 2022 Examination through online mode. Candidates need not submit the hard copy of the completely-filled Online application to SEBI’s office.

The following are the steps to be followed for applying to various streams of SEBI Grade A Assistant Manager:-

Step 1: Visit the official website of SEBI and open the “careers” tab

Step 2: Open the Recruitment Notification and click on the option "APPLY ONLINE” which will navigate to another window.

Step 3: Click on new registration and complete the registration process.

Step 4: You will receive the registration number and password on your email ID.

Step 5: Log in with your credential and click on apply now.

Step 6: Fill your application form and proceed with the document upload.

Step 7: Upload a scanned copy of all the essential documents with good quality and submit them.

Step 8: Complete the application fee payment process and pay your application fees online.

Step 9: After successful fee payment, save the completed application form along with the fee payment receipt either as a PDF soft copy or take a printout for future references.

Note: Before registration keep the scanned photograph, signature, left thumb impression, handwriting declaration of the candidates in required specifications as per the official guidelines.