SEBI Exam Syllabus

SEBI Officer Grade A Syllabus For Phase 1

SEBI is one of the top financial organizations to work in. Therefore, you need to work really hard to get a job into a top organization like SEBI. SEBI releases its recruitment notification for SEBI Grade 'A' every year to select eligible candidates. It conducts an online examination in two phases followed by Interview through which it selects one of the best candidates as its employees. To select the best employees, SEBI undoubtedly sets an exam pattern of a good level testing the candidates knowledge on various subjects. Before starting your preparation it is very important to acquaint yourself with the complete syllabus of SEBI Grade A Exam. The detailed syllabus is as follows:

SEBI Officer Grade A Syllabus For Phase 1

To start off with the preparation, you will first need the SEBI Officer Grade A syllabus so that you know what to study. Refer to the complete syllabus here:

General Awareness

Current Affairs – National & International
Budget
Awards and Honours
Important Financial & Economic News
Important Days
International & National Organizations
Sports
Books and Authors
Science – Inventions & Discoveries
Countries & Capitals etc

English Language

Error Spotting
Sentence Rearrangement
Reading Comprehension
Fill in the Blanks
Passages
Synonyms
Idioms & Phrases etc.

Quantitative Aptitude

Data Interpretation
Inequalities
Number Series
Approximation and Simplification
Data Sufficiency
HCF and LCM
Profit and Loss
SI & CI
Problem on Ages
Work and Time
Speed Distance and Time
Probability,Permutation and Combination
Mensuration
Average
Ratio and Proportion etc.

Reasoning

Puzzles
Seating Arrangements
Direction Sense
Blood Relations
Syllogisms
Order and Ranking
Coding-Decoding
Machine Input-Output
Inequalities
Alpha-Numeric-Symbol Series
Data Sufficiency
Number System and Conversions
Logical Reasoning etc.

Awareness of Securities Market: Securities Markets

Indian Financial system – introduction – structure – finance commission – financial administration – receipts of the Government – Expenditures of the Government.
Capital markets – primary market – instruments – legal issues and regulations – secondary market – stock exchanges – brokers – trading in stock exchanges – forward trading – stock index – depositories – regulations
Bond Market- Money market, G.sec Market, Corporate bond market, Bond valuation, Duration, sensitivity, risk
Foreign Exchange market – exchange control – fixation of exchange rate – exchange control in India – FEMA – foreign exchange transactions of commercial banks in India – currency convertibility – currency forwards, futures and options – trading in foreign exchange market – relationship between money market and foreign exchange market.
Commodity market, commodity trading and exchanges
International capital markets – instruments – Guidelines – foreign investment in India and its regulations.

Awareness of Securities Market: Securities Law

Relationship between Company Law and securities law
Basic concepts related to securities law, like capital, public offer and securities
Historical Background of securities law
SEBI as a Market regulator, Powers and Functions of SEBI, Quasi legislative powers, executive powers and quasi-judicial powers
Regulating the intermediaries and Stock exchanges, Meaning and Type of securities, Securities Contract, Corporatization, Demutualization and regulation of stock exchange, Listing Agreement, Dematerlisation and Rematerlisation
Rights and duties of Depository (NSDL AND CSDL), Depository Participant, Issuer and beneficiary Unpublished Price Sensitive Information (UPSI), Insider as connected person, Insider as the person having access to UPSI, Trading on the basis of UPSI
Mergers Amalgamation and takeovers, Types and legal processes during takeover, Substantial Acquisitions, Exemptions by law, Exemption BY SEBI
Public offer and disclosure requirements
Unfair Trade Practices in the securities market, Securities Market offences, Prohibition of Insider Trading
SEBI ICDR Regulations
Public Offer requirements
Role of SEBI as a Regulator
Securities Appellate Tribunal
Role of Courts in enforcing securities regulations

Syllabus for SEBI Officer Grade A – Phase II Exam: Paper I

AS SEBI Grade A Officer Phase II consists of three papers. Paper I and Paper II are different for different posts while Paper II remains the same for all candidates irrespective of the post for which he/she has applied for. Under general post Paper I is of Securities Markets for which the detailed syllabus is given below:

Syllabus for SEBI Officer Grade A – Phase II Exam: Paper I

To start off with the preparation, you will first need the SEBI Officer Grade A – Phase II syllabus so that you know what to study.

Securities Markets (General Stream)

SEBI as a Market regulator, Powers and Functions of SEBI, Quasi legislative powers, executive powers and quasi-judicial powers
Regulating the intermediaries and Stock exchanges, Meaning and Type of securities, Securities Contract, Corporatization, Demutualization and regulation of stock exchange, Listing Agreement
SEBI regulated entities: Stock-broking, Depositories, Depository Participants, Registrars and Transfer Agents, Merchant Bankers, Custodians, Debenture Trustees, Stock Exchanges, Clearing Corporations, Credit Rating Agencies, Alternative Investment Funds, Bankers to Issues, Investment Advisors etc.
Stock Broking – equity, derivative, commodity
Merchant banking services – capital issue management – pricing of issue -marketing of issues
Mutual funds: Indian History, Role, legal structure, Types of schemes and main features, Real estate MFs and Reits, InVits, Distribution of financial products and investment advice: issues, concerns and regulatory requirements
Commodity market, commodity trading and commodity exchanges
International capital markets – instruments – Guidelines – foreign investment in India and its regulations
Historical Background of securities law
Basic concepts related to securities law, like capital, public offer and securities
Relationship between Company Law and securities law
Rights and duties of Depository (NSDL AND CSDL), Depository Participant, Issuer and beneficiary
Mergers Amalgamation and takeovers, Types and legal processes during takeover, Substantial Acquisitions, Exemptions by law, Exemption BY SEBI
Public offer and disclosure requirements, SEBI ICDR Regulations, LODR Regulations
Unfair Trade Practices in the securities market, Securities Market offences, Prohibition of Insider Trading, Unpublished Price Sensitive Information (UPSI), Insider as connected person, Insider as the person having access to UPSI, Trading on the basis of UPSI
Public Offer requirements
Foreign Portfolio Investors: Their role, nature of investments in Indian Market, their impact on Indian Markets
Collective Investment Schemes: regulatory framework, main issues/ concerns, role of SEBI and other agencies
Securities Appellate Tribunal: constitution, recent important cases
Role of Courts in enforcing securities regulations

Syllabus for SEBI Officer Grade A – Phase II Exam: Paper II

Paper II of SEBI Grade A Phase II for general post is of English writing skills. The paper is descriptive in nature. To get a hold in writing skills it is very necessary that a candidate is aware of the syllabus of English. The syllabus is given below:

Syllabus for SEBI Officer Grade A – Phase II Exam: Paper II

To start off with the preparation, you will first need the SEBI Officer Grade A – Phase II syllabus so that you know what to study.

English (Writing Skills)

Formal letter
Informal letter
Report writing
Notice writing
Email writing
Letter to the editor
Enquiry letter
Essay writing

Syllabus for SEBI Officer Grade A – Phase II Exam: Paper III

The paper III of SEBI Grade A Phase II is of Economic and Social Issues and Finance and Management. The detailed syllabus for Paper III is given below:

Syllabus for SEBI Officer Grade A – Phase II Exam: Paper III

To start off with the preparation, you will first need the SEBI Officer Grade A – Phase II syllabus so that you know what to study.

Economic & Social Issues and Finance & Management

Economic and social Issues
Growth and Development
Measurement of growth: National Income and per capita income
Poverty Alleviation and Employment Generation in India
Sustainable Development and Environmental issues. Economic Reforms in India
Industrial and Labour Policy
Monetary and Fiscal Policy
Privatization
Role of Economic Planning. Globalization
Opening up of the Indian Economy
Balance of Payments, Export-Import Policy
International Economic Institutions – IMF and World Bank
WTO
Regional Economic Co-operation.

Social Structure in India

Multiculturalism
Demographic Trends
Urbanization and Migration
Gender Issues
Social Justice : Positive Discrimination in favor of the under privileged
Social Movements
Indian Political System
Human Development
Social Sectors in India, Health and Education.

Finance and Management: Financial System

Money Market, Capital Market
Reserve Bank of India- functions and conduct of monetary policy, Banking System in India, Financial Institutions – SIDBI, EXIM, NABARD, NHB, etc.
SEBI – functions and role
Prevention of Money Laundering
Know Your Client Framework

Finance and Management: Financial Markets

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

Finance and Management: General Topics

Risk Management in Financial Sector Page 21 of 25
Basics of Derivatives: Forward, Futures and Swap
Changing Landscape of Financial sector
Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments
Financial Inclusion- use of technology
Alternate source of finance, private and social cost-benefit, Public-Private Partnership
Corporate Governance in Financial Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector
The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, GST, Thirteenth Finance Commission and 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.

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; Performance Appraisal – Potential appraisal and development – Feedback and Performance Counselling – Career Planning – Training and Development – Rewards – Employee Welfare. 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.
Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.

Phase 2: Legal / Information Technology / Engineering stream

Besides having some post in general stream SEBI Grade A Officer also has some post under other streams. These posts consist comes under Legal, IT and Engineering stream. Paper I under Phase II of SEBI Grade A Officer is given below:

Phase 2: Legal / Information Technology / Engineering stream

To start off with the preparation, you will first need the Phase 2: Legal / Information Technology / Engineering stream syllabus so that you know what to study. Refer to the complete syllabus here:

Financial Sector

Indian Financial system
Regulatory framework – RBI.
Non-banking financial companies
Monetary Policies, REPO, reverse REPO, Fiscal deficit
Lease financing, hire purchase finance, consumer credit
Pension Products, Ponzi Schemes.
Insurance services Life Insurance, General Insurance, Health Insurance. Lines of Business
Bond Market
Foreign Exchange market
Capital markets

Section 3: SEBI Officer Grade A Syllabus for Specialized Subject

The Paper III of SEBI Grade A Phase II consist of questions from the domain of respective field for which the candidate has applied. The detailed syllabus for each stream is given below. A candidate can have a look in the table given.

Phase 2: Legal / Information Technology / Engineering stream

To start off with the preparation, you will first need the Phase 2: Legal / Information Technology / Engineering stream syllabus so that you know what to study. Refer to the complete syllabus here: