{"id":3405,"date":"2023-12-27T14:25:04","date_gmt":"2023-12-27T08:55:04","guid":{"rendered":"https:\/\/www.ixambee.com\/blog\/?p=3405"},"modified":"2024-10-01T17:06:07","modified_gmt":"2024-10-01T11:36:07","slug":"sebi-grade-a-preparation-strategy-for-phase-1-paper-1-and-paper-2","status":"publish","type":"post","link":"https:\/\/blog.ixambee.com\/sebi-grade-a-preparation-strategy-for-phase-1-paper-1-and-paper-2","title":{"rendered":"SEBI Grade A Preparation Strategy 2025 for Phase 1 (Paper 1 and Paper 2)"},"content":{"rendered":"\n<p class=\"has-vivid-red-color has-text-color\"><strong><em>Read here best preparation strategy for SEBI Grade A 2025 exam for Phase 1 for Paper 1 and Paper 2.<\/em><\/strong><\/p>\n\n\n\n<p>SEBI (Securities and Exchange Board of India) is the regulatory body that governs the Indian securities market. It was established on April 12, 1992, under the SEBI Act, 1992 to protect the interests of investors in securities and to promote the development and regulation of securities markets in India.<\/p>\n\n\n\n<p>One of the key roles of SEBI is to recruit talented professionals through its Grade A Officer (Assistant Manager) recruitment process, which is held every year. The recruitment process involves three phases &#8211; Phase 1 (Preliminary Examination), Phase 2 (Mains Examination), and an Interview round. To become a SEBI Grade A Officer, candidates need to clear all three phases of the recruitment process. The competition for SEBI Grade A Officer is high, and candidates need to have a strong and structured preparation strategy to clear the preliminary examination.<\/p>\n\n\n\n<p>Take this exam as an opportunity to fulfill your dream of becoming a <strong>SEBI Grade A officer<\/strong> in this esteemed organization. Do remember that how you strategize and prepare for the upcoming SEBI exam 2025 in the time available will make all the difference.<\/p>\n\n\n<figure class=\"wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/blog.ixambee.com\/wp-content\/uploads\/2023\/12\/5-1-1.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"SEBI Grade A\" style=\"object-fit:cover;\" srcset=\"https:\/\/blog.ixambee.com\/wp-content\/uploads\/2023\/12\/5-1-1.png 1200w, https:\/\/blog.ixambee.com\/wp-content\/uploads\/2023\/12\/5-1-1-300x169.png 300w, https:\/\/blog.ixambee.com\/wp-content\/uploads\/2023\/12\/5-1-1-1024x576.png 1024w, https:\/\/blog.ixambee.com\/wp-content\/uploads\/2023\/12\/5-1-1-768x432.png 768w, https:\/\/blog.ixambee.com\/wp-content\/uploads\/2023\/12\/5-1-1-696x392.png 696w, https:\/\/blog.ixambee.com\/wp-content\/uploads\/2023\/12\/5-1-1-1068x601.png 1068w, https:\/\/blog.ixambee.com\/wp-content\/uploads\/2023\/12\/5-1-1-747x420.png 747w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n<p>In today\u2019s article, we are going to share some valuable strategy &amp; preparation tips that will definitely help you to sail through <strong><a href=\"https:\/\/www.ixambee.com\/exams\/sebi-recruitment\" target=\"_blank\" rel=\"noreferrer noopener\">SEBI Grade A 2025 exam<\/a>. <\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>SEBI Grade A Exam Pattern<\/strong><\/h2>\n\n\n\n<p>The <strong><a href=\"https:\/\/www.ixambee.com\/exams\/sebi-exam-pattern\" target=\"_blank\" rel=\"noreferrer noopener\">SEBI Grade A exam pattern <\/a><\/strong>consists of a total of three phases; Phase 1, Phase 2 and Personal Interview. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.ixambee.com\/exams\/sebi-recruitment\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" width=\"742\" height=\"228\" src=\"https:\/\/www.ixambee.com\/blog\/wp-content\/uploads\/2020\/03\/picture.png\" alt=\"\" class=\"wp-image-3406\" srcset=\"https:\/\/blog.ixambee.com\/wp-content\/uploads\/2020\/03\/picture.png 742w, https:\/\/blog.ixambee.com\/wp-content\/uploads\/2020\/03\/picture-300x92.png 300w, https:\/\/blog.ixambee.com\/wp-content\/uploads\/2020\/03\/picture-696x214.png 696w\" sizes=\"auto, (max-width: 742px) 100vw, 742px\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Important Points for Phase 1 <\/strong><\/h2>\n\n\n\n<p><strong>Few Important points about SEBI Grade A Phase 1 recruitment procedure<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It consists of 100 marks multiple-choice questions that need to be answered within 60 minutes.<\/li>\n\n\n\n<li>Subjects included in the SEBI Grade A Phase 1, Paper 1 are; Quantitative Aptitude, Logical Reasoning, English Language, General Awareness, and a section related to the finance sector.<\/li>\n\n\n\n<li>Paper 2 of Phase 1 subjects like Cost Accountancy, Commerce, Micro &amp; Macro Economics, and Companies Act, etc will be tested.<\/li>\n<\/ul>\n\n\n\n<p>Please note that Phase 1 is qualifying in nature hence, the marks obtained in this section are not going to be counted while making the final merit list. <\/p>\n\n\n\n<p>The examination pattern of <strong>SEBI Grade A Phase 1<\/strong> is provided in the table below:<\/p>\n\n\n<table>\n<tbody>\n<tr>\n<td>\n<p><strong>Paper<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Name of Stream\/Subjects<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Time Limit<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Total Marks<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Minimum Cut off<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><strong>Paper 1<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Common for all streams<\/strong>: Multiple choice questions on Quantitative Aptitude, General Awareness (including questions related to Financial Sector from easy, moderate to difficult level), Reasoning and English Language.<\/p>\n<\/td>\n<td>\n<p>\u00a060 minutes<\/p>\n<\/td>\n<td>\n<p>\u00a0100<\/p>\n<\/td>\n<td>\n<p>\u00a0\u00a030%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"3\">\n<p><strong>Paper 2<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>General Stream<\/strong>: Multiple choice questions on Accountancy, Costing, Commerce, Finance Management, Economics and Companies Act<\/p>\n<\/td>\n<td>\n<p>40 minutes<\/p>\n<\/td>\n<td>\n<p>\u00a0\u00a0 100<\/p>\n<\/td>\n<td>\n<p>\u00a0\u00a0\u00a040%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><strong>Research Stream<\/strong>: Multiple choice questions on Statistics, Economics, Econometrics, Commerce and Finance<\/p>\n<\/td>\n<td rowspan=\"2\">\n<p>40 min<\/p>\n<\/td>\n<td rowspan=\"2\">\n<p>\u00a0\u00a0 100<\/p>\n<\/td>\n<td rowspan=\"2\">\n<p>\u00a0\u00a0\u00a040%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><strong>Specialized Stream<\/strong>: Legal, IT, Official Language, Engineering Stream (Civil and Electrical): Multiple choice questions related to respective subject.\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\">\n<p><strong>Minimum Aggregate Cut Off<\/strong><\/p>\n<\/td>\n<td>\u00a0<\/td>\n<td>\n<p><strong>40%<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n<h2 class=\"wp-block-heading\"><strong>Preparation Strategy for SEBI Grade A 2025 Phase 1 <\/strong><\/h2>\n\n\n\n<p>Let us now look at the <strong>SEBI Grade A Phase 1 preparation strategy <\/strong>in detail.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/www.ixambee.com\/blog\/wp-content\/uploads\/2022\/02\/pexels-photo-212286-1024x682.jpeg\" alt=\"SEBI Grade A preparation strategy \" class=\"wp-image-12063\" style=\"width:700px;height:466px\" srcset=\"https:\/\/blog.ixambee.com\/wp-content\/uploads\/2022\/02\/pexels-photo-212286-1024x682.jpeg 1024w, https:\/\/blog.ixambee.com\/wp-content\/uploads\/2022\/02\/pexels-photo-212286-300x200.jpeg 300w, https:\/\/blog.ixambee.com\/wp-content\/uploads\/2022\/02\/pexels-photo-212286-768x512.jpeg 768w, https:\/\/blog.ixambee.com\/wp-content\/uploads\/2022\/02\/pexels-photo-212286-1536x1024.jpeg 1536w, https:\/\/blog.ixambee.com\/wp-content\/uploads\/2022\/02\/pexels-photo-212286-696x464.jpeg 696w, https:\/\/blog.ixambee.com\/wp-content\/uploads\/2022\/02\/pexels-photo-212286-1068x712.jpeg 1068w, https:\/\/blog.ixambee.com\/wp-content\/uploads\/2022\/02\/pexels-photo-212286-630x420.jpeg 630w, https:\/\/blog.ixambee.com\/wp-content\/uploads\/2022\/02\/pexels-photo-212286.jpeg 1880w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Paper 1<\/strong><\/h3>\n\n\n\n<p> If you are preparing for bank exams for some time now this may work as an advantage for you. You don\u2019t need to go through the basics as not much time is left for the <strong>SEBI Grade A Phase 1 exam<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Right now, all you need is to concentrate on attempting <strong><a href=\"https:\/\/www.ixambee.com\/free-mock-test\/sebi-grade-a\" target=\"_blank\" rel=\"noreferrer noopener\">Free Mock Test For SEBI Grade A Officer Phase 1 Exam<\/a><\/strong> as much as you can. <\/li>\n\n\n\n<li>Make it a ritual to attempt at least 1 mock test a day in order to improve your speed and score in the examination. <\/li>\n\n\n\n<li>However, taking practice tests is not enough, make sure you also analyze your performance in each mock you attempt. <\/li>\n\n\n\n<li>Note down your weak and strong areas and start working on them.<\/li>\n\n\n\n<li>To cover the General Awareness and Banking Awareness section you can refer to our <strong>weekly and monthly<a aria-label=\"Weekly and Monthly Compilation of BeePedia (opens in a new tab)\" href=\"https:\/\/www.ixambee.com\/beepedia-gk-updates-capsule\" target=\"_blank\" rel=\"noreferrer noopener\"> BeePedia<\/a><\/strong>&#8211; the General Awareness Digest for Regulatory Body Exams. These updates will help you prepare for other exams like <strong>NABARD Grade A and RBI Grade B<\/strong> as well.<\/li>\n\n\n\n<li>For Banking Awareness you can also refer to <strong><a href=\"https:\/\/www.ixambee.com\/blog\/indian-currency-issuing-policies-in-india-part-1-banking-awareness\" target=\"_blank\" rel=\"noreferrer noopener\">Banking Awareness <\/a><\/strong>articles in our blog, it will surely help you get that extra edge over others.<\/li>\n\n\n\n<li><strong>General knowledge articles<\/strong> can also be found in our blog section, this will help you boost your overall score in the general awareness section and assist you in scoring big in the overall examination.<\/li>\n\n\n\n<li>Go through the details of the <strong><a href=\"https:\/\/www.ixambee.com\/blog\/union-budget-2022-23-key-highlights\/\" target=\"_blank\" rel=\"noreferrer noopener\">Union Budget highlights<\/a><\/strong> as well. <\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Paper 2<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Paper 2 of Phase 1 consists of Commerce &amp; Accounting, Companies Act, Finance &amp; Management and Economics (For General Stream). <\/li>\n\n\n\n<li>The duration of the paper is 40 minutes. <\/li>\n\n\n\n<li>For Paper 2 of Phase 2, you don\u2019t need to master each and every section. Just go through the basics and get the concepts clear while preparing for this paper. <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"How to prepare for SEBI Grade A General 2023 in 5-6 months | By Vidhika Mam\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/mf1NMOScEPo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>As the time duration is 40 minutes for paper 2, you should focus more on the theoretical part and less concerned about the numerical questions (even if numerical are there, they will be of basic level). <\/li>\n\n\n\n<li>As the subjects in paper 2 consists of Commerce &amp; Accounting and Finance &amp; Management, Companies Act, questions can be asked from the current affairs related to Finance. <\/li>\n\n\n\n<li>You can once again refer to ixamBee&#8217;s weekly or monthly BeePedia for this.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-center\"><strong>Also read: <a style=\"font-weight: bold;\" href=\"https:\/\/www.ixambee.com\/blog\/3-realistic-tips-to-avoid-burnout-amid-sebi-grade-a-preparation\/\" target=\"_blank\" rel=\"noreferrer noopener\">3 Realistic Tips to Avoid Burnout amid SEBI Grade A Preparation<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">General SEBI Grade A Preparation Strategy for Phase 1 (Preliminary Examination)<\/h2>\n\n\n\n<p>The Phase 1 (Preliminary Examination) of SEBI Grade A Officer Recruitment demands structured preparation from the candidates. Here are the strategies for the preparation of Phase 1 (Preliminary Examination).<\/p>\n\n\n\n<p><strong>Understand the syllabus and pattern of SEBI Grade A Officer Recruitment<\/strong><br>The candidates must go through the <strong><a href=\"https:\/\/www.ixambee.com\/exams\/sebi-exam-syllabus\">SEBI Grade A syllabus and pattern<\/a><\/strong> for 2025 thoroughly and understand the weightage of each subject. It will help the candidates to allocate time and resources accordingly for the preparation.<\/p>\n\n\n\n<p><strong>Create a Study Plan<\/strong><br>The candidates need to create a study plan to effectively utilize the time during the preparation. They should allocate time for each subject based on its weightage and start preparing for each subject separately.<\/p>\n\n\n\n<p><strong>Focus on the basics<br><\/strong>The candidates should focus on the basic concepts of each subject and practice more and more questions based on the basics. It will increase their understanding of the subject and help them to solve questions easily.<\/p>\n\n\n\n<p><strong>Solve mock tests and previous year papers<br><\/strong>The SEBI Grade A mock tests and <strong>previous year papers<\/strong> give the candidates an idea about the exam pattern, the difficulty level of questions, and the time management during the examination. It also helps the candidates to identify their weak areas and work on them.<\/p>\n\n\n\n<p><strong>Strategize Time Management<br><\/strong>The candidates should strategize time management during the examination. They should allocate time to each section as per their strengths and weaknesses. It will help them to attempt maximum questions in the given time frame.<\/p>\n\n\n\n<p><strong>Revision<\/strong><br>Revision plays a significant role during the preparation. The candidates should revise each subject at regular intervals and prepare their own notes. It will help them to recapitulate the concepts and revise easily before the exam.<\/p>\n\n\n\n<p><strong>Stay updated<br><\/strong>The candidates should stay updated with the latest news and current affairs related to the Securities Market and relevant subjects. It will help them to score well in the General Awareness and Securities Market Awareness sections.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>SEBI Grade A Online Coaching<\/strong><\/h2>\n\n\n\n<p>If you are overwhelmed with the new examination pattern of SEBI Grade A exam and need assistance on the preparation part, we have got you covered. Take a look at <strong>ixamBee&#8217;s<\/strong> <strong><a href=\"https:\/\/www.ixambee.com\/online-course\/sebi-grade-a\" target=\"_blank\" rel=\"noreferrer noopener\">SEBI Grade A Online course<\/a><\/strong> for any preparation-related assistance. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/static.ixambee.com\/miscellaneous-images\/sebigradeaonlinenew.png\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p>The candidates aspiring to become SEBI Grade A Officer (Assistant Manager) should follow a structured preparation strategy to excel in the Phase 1 (Preliminary Examination). With proper planning, time management, and consistent practice, the candidates can achieve their dream of becoming a SEBI Grade A Officer.<\/p>\n\n\n\n<p><strong><em>We wish you the very best.<\/em><\/strong><\/p>\n\n\n\n<p><strong>At ixamBee, we specialize in providing comprehensive online courses for government exams and <a href=\"https:\/\/www.ixambee.com\/all-exam-packages\">online courses for government jobs<\/a>. Our expertly designed courses for government jobs cater to a wide range of <a href=\"https:\/\/www.ixambee.com\/upcoming-government-exams\">upcoming government exams<\/a>. Whether you&#8217;re preparing for specific courses for government exams or seeking general guidance, ixamBee offers the resources like <a href=\"https:\/\/www.ixambee.com\/beepedia-current-affairs\">Beepedia<\/a>, <a href=\"https:\/\/www.ixambee.com\/previous-year-question-paper\">previous year papers<\/a>, <a href=\"https:\/\/www.ixambee.com\/free-mock-tests\/ssc-cgl\">SSC CGL<\/a>, <a href=\"https:\/\/www.ixambee.com\/free-mock-tests\/ssc-chsl\">SSC CHSL<\/a>, <a href=\"https:\/\/www.ixambee.com\/free-mock-tests\/ssc-mts\">SSC MTS<\/a> and other <a href=\"https:\/\/www.ixambee.com\/free-mock-tests\">mock tests<\/a> to succeed in exams like <a href=\"https:\/\/www.ixambee.com\/exams\/rbi-grade-b-exam\">RBI Gra<\/a><a href=\"https:\/\/www.ixambee.com\/previous-year-question-paper\">de B<\/a>, <a href=\"https:\/\/www.ixambee.com\/exams\/sebi-grade-a-exam\">SEBI Grade A<\/a>, <a href=\"https:\/\/www.ixambee.com\/exams\/nabard-grade-a-exam\">NABARD Grade A<\/a>, <a href=\"https:\/\/www.ixambee.com\/exams\/rrb-ntpc\">RRB NTPC<\/a>, <a href=\"https:\/\/www.ixambee.com\/exams\/ssc-mts\">SSC MTS<\/a>, <a href=\"https:\/\/www.ixambee.com\/exams\/niacl-recruitment\">NIACL Assistant<\/a>, and more.\u00a0\u00a0<\/strong><br><br><strong>Also Read<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.ixambee.com\/blog\/sebi-grade-a-2024-exam-syllabus-all-details\">Everything to Know About the SEBI Grade A 2025 Exam Syllabus<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.ixambee.com\/blog\/sebi-grade-a-2022-7-mistakes-to-avoid-in-your-exam-preparation\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>7 Mistakes to Avoid in Your Exam Preparation: SEBI Grade A 2024<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.ixambee.com\/blog\/sebi-grade-a-previous-year-papers-and-sample-questions\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>SEBI Grade A 2022: Previous Year Papers and Sample Questions<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.ixambee.com\/blog\/sebi-grade-a-quantitative-aptitude-sample-questions\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Quantitative Aptitude Sample Questions: SEBI Grade A <\/strong><\/a><\/p>\n\n\n<p><span style=\"position: absolute; visibility: collapse;\"><a href=\"https:\/\/credit-n.ru\/zaymyi-next.html\">\u0431\u044b\u0441\u0442\u0440\u044b\u0439 \u0437\u0430\u0439\u043c \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u0430 \u043d\u0430 \u043a\u0430\u0440\u0442\u0443<\/a><a href=\"https:\/\/credit-n.ru\">\u0437\u0430\u0439\u043c \u043f\u043e \u0441\u043c\u0441 \u043d\u0430 \u043a\u0430\u0440\u0442\u0443<\/a><a href=\"https:\/\/credit-n.ru\/zaymyi.html\">\u0437\u0430\u0439\u043c \u043f\u043e\u0434 0 \u043f\u0440\u043e\u0446\u0435\u043d\u0442\u043e\u0432 \u043d\u0430 \u043a\u0430\u0440\u0442\u0443<\/a><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Read here best preparation strategy for SEBI Grade A 2025 exam for Phase 1 for Paper 1 and Paper 2. SEBI (Securities and Exchange Board of India) is the regulatory body that governs the Indian securities market. It was established on April 12, 1992, under the SEBI Act, 1992 to protect the interests of investors [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,550,12],"tags":[134,678,135,679,485,680,681],"class_list":["post-3405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exams","category-sebi-grade-a-2022","category-study-plan","tag-sebi","tag-sebi-g","tag-sebi-grade-a","tag-sebi-grade-a-exam-phase-1","tag-sebi-grade-a-syllabus","tag-sebi-phase-1-exam","tag-sebi-study-plan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEBI Grade A 2025 Preparation Strategy for Phase 1<\/title>\n<meta name=\"description\" content=\"SEBI Grade A 2025 Preparation Strategy for Phase 1 (Paper 1 and Paper 2). 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