SEBI Grade A Syllabus 2023: Check Subject-wise Topics & Latest Exam Pattern

Conducting Body

Securities and Exchange Board of India

Exam Name

SEBI Grade A 2023

Post Name

Grade A (Assistant Manager)

Mode of Exam

Online

Marking Scheme

1 Mark for the correct answer and a negative marking for ¼th mark for the wrong answer

Selection Process 

Phase-I Online Examination, Phase-II Online Examination, and Phase-III Interview Round

Paper 2 of Phase I and Phase II (Common Syllabus for both Phases)

Commerce & Accountancy

a)      Accounting as a financial information system,

b)      Accounting Standards with specific reference to Accounting for Depreciation, Inventories, Revenue Recognition, Fixed Assets, Foreign Exchange Transactions, Investments.

c)       Cash Flow Statement, Fund flow statement, Financial statement analysis; Ratio analysis,

d)      Accounting for Share Capital Transactions including Bonus Shares, Right Shares.

e)      Employees Stock Option and Buy-Back of Securities.

f)        Preparation and Presentation of Company Final Accounts.

Management

a)      Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and Controlling;

b)      The Role of a Manager in an Organization. Leadership: The Tasks of a Leader;

c)       Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader.

d)      Human Resource Development: Concept of HRD; Goals of HRD;

e)      Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale.

f)        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.

Finance

1.       Financial System

a)       Role and Functions of Regulatory bodies in the Financial Sector.

2. Financial Markets

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

3.       General Topics

a)       Basics of Derivatives: Forward, Futures and Swap

b)       Recent Developments in the Financial Sector

c)       Financial Inclusion- use of technology

d)       Alternate source of finance, private and social cost-benefit, Public-Private Partnership

e)       Direct and Indirect taxes; Non-tax sources of Revenue, GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM),

f)         Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends.

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:

a)      Introduction to Lean System

b)      Just-in-Time (JIT)

c)       Kaizen Costing

d)      5 Ss

e)      Total Productive Maintenance (TPM)

f)        Cellular Manufacturing/ One-Piece Flow Production Systems

g)      Six Sigma (SS)

h)      Introduction to Process Innovation and Business Process Re-engineering (BPR).

Companies Act

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

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.

Paper 2 of Phase I

Sl.

No.

Subject

Weightage*

1.

Constitution of India – Preamble, Part I, Part III, Part IV, Part IVA, Part V, Part VI, Part VIII, Part IXA, Part IXB, Part XI.

10%

2.

Law of Contracts – Indian Contract Act, 1872 (Chapters I to VI), Specific Relief Act, 1963.

10%

3.

Criminal Law – Indian Penal Code, 1860 (Chapters I, II, III, IV, V, VA, VI, IX, XVII); Code of Criminal Procedure, 1973.

15%

4.

Law of Evidence – Indian Evidence Act, 1872.

5.

Code of Civil Procedure, 1908 – Part I, Part II.

6.

Administrative Law and Principles of Natural Justice

10%

7.

Jurisprudence and Interpretation of Statutes

10%

8.

Important Latin terms and maxims

9.

Law of Torts and Consumer Protection Act, 2019

5%

10.

Arbitration and Conciliation Act, 1996 – Part I

5%

11.

Transfer of Property Act, 1882 – Chapter III, Chapter IV, Chapter V.

5%

12.

Companies Act, 2013 – Chapter I, Chapter II, Chapter III, Chapter IV, Chapter V, Chapter VII, Chapter VIII, Chapter IX, Chapter X, Chapter XI, Chapter XII, Chapter XIII, Chapter XV, Chapter XVI.

15%

13.

Securities Laws – SEBI Act, 1992, SC(R) Act, 1956, Depositories Act, 1996

15%

Paper 2 of Phase II

Sl.

No.

Subject

Weightage*

1.

Constitution of India – Preamble, Part I, Part III, Part IV, Part IVA, Part V, Part VI, Part VIII, Part IXA, Part IXB, Part XI, Part XII, Part XIII, Part XIV,

Part XIVA, Part XX.

10%

2.

Law of Contracts – Indian Contract Act, 1872 (Chapters VIII to X), Indian Partnership Act, 1932, Specific Relief Act, 1963

10%

3.

Criminal Law – Indian Penal Code, 1860 (Chapters I, II, III, IV, V, VA, VI, IX, XVII, XXI, XXII, XXIII); Code of Criminal Procedure, 1973.

10%

4.

Law of Evidence – Indian Evidence Act, 1872.

5.

Code of Civil Procedure, 1908 – Part I, Part II, Part III, Part IV, Part V, Part VII, Schedule I.

6.

Administrative Law and Principles of Natural Justice

10%

7.

Jurisprudence and Interpretation of Statutes

8.

Important Latin terms and maxims

9.

Law of Torts and Consumer Protection Act, 2019

15%

10.

Arbitration and Conciliation Act, 1996 – Part I, Part III, Part IV.

11.

Transfer of Property Act, 1882 – Chapter III, Chapter IV, Chapter V.

11.

Law of Trusts – Parties to a Trust Deed and Duties of Trustees.

12.

Corporate Law – Companies Act, 2013 (Chapter I, Chapter II, Chapter III, Chapter IV, Chapter V, Chapter VII, Chapter VIII, Chapter IX, Chapter X, Chapter XI, Chapter XII, Chapter XIII, Chapter XV, Chapter XVI, Chapter XXVII, Chapter XXVIII, Chapter XXIX);

Limited Liability Partnership Act, 2008; Insolvency and Bankruptcy Code, 2016 (Part I, Part II)

20%

13.

Taxation – General principles, Capital Gains Tax, Securities Transaction Tax

5%

14.

Securities Laws – SEBI Act, 1992, SC(R) Act, 1956, Depositories Act, 1996

20%

Paper 2 of Phase I

Sr. No.

Topic

Details

Weightage*

1.

Database Concepts

ER‐model. Relational model: relational algebra, tuple calculus, Integrity constraints, normal forms. File organization, indexing (e.g., B and B+ trees),

Transactions and concurrency control.

10

2.

SQL Queries

Select, view, truncate, delete, update, alter, Inner join, different types of outer joins,, use of aggregate

functions, Union, intersection, except, in and exist clauses, nested queries

10

3.

Programming Concepts (Java

/C C++ )

Program control (iteration, recursion, Functions), Scope of variables, Binding of variables & functions, Parameter passing, Functional and Logic Programming, OOPS Concepts, Inheritance, Class and object, Constructors, Functions, Exception Handling

30

4.

Data Analytics Languages (Python / R)

Regex, Slicing, Data reshaping, Dataframes, Dictionaries and Sets, File Management, Classes and Functions, Data Mining, Lists, Importing and exporting

data, charts and graphs

10

5.

Algorithms for problem solving

Tree and graph traversals, Connected components, Spanning trees, Shortest paths; hashing, Sorting, Searching; Design techniques (Greedy, Dynamic Programming, Divide-and-conquer)

10

6.

Networking Concepts

ISO/OSI stack, LAN Technologies (Ethernet, Token ring), TCP/UDP, IP, Basic concepts of switches, gateways, and routers, Application layer protocols

(DNS, SMTP, POP, FTP, HTTP), Firewalls

10

7.

Information    & Cyber Security

Concepts

Cyber    Attacks,   Software    Development   Security, Network security, Authentication, CIA – Confidentiality,

Integrity and Availability, Network Audit, Systems Audit

10

8.

Data warehousing

Data Extraction, Data Cleaning, Data Transformation,

Data Loading, Metadata, Data Cube, Data Mart, Data Models,

5

9.

Shell Programming

Shell Scripting Basics, Shell Variables, Shell Script Arguments, If Statement, Loop, Return, Basic UNIX commands

5

Total

100

Paper 2 of Phase II

SN

Topic

Concept

Language used to test the concepts

Weightage*

1

Algorithms

Sorting,        Searching,         Greedy Algorithms, Dynamic Programming,

Backtracking, Divide and Conquer, Pattern Searching

C++/JAVA/Python

40

2

Data Structure

Array, Linked List, Stack, Queue,

Binary Tree, Indexing, Binary Search Tree, Heap, Hashing, Matrix

C++/JAVA/Python

40

3

String Manipulation

Length, Substring, Regex, Search

C++/JAVA/Python

20

Total

100

Paper 2 of Phase I and Phase II (Common Syllabus for both Phases)

Economics

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 Economics

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.

Statistics and Econometrics

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

International Economics

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

Financial Markets

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.

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 Commerce, Accountancy, Management, Finance, Costing, Companies Act, and Economics. 

100

40 minutes

40%

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%

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%

1/3rd

Paper 2

General Stream: Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act and Economics. 

100

40 minutes

40%

2/3rd

Legal, and Official Language stream: Multiple choice questions on Specialized subject related to the stream.

100

40 minutes

40%

2/3rd

Research Stream: Multiple choice questions on subjects Economics, Econometrics, Statistics, Finance, and Commerce. Information Technology Stream: Coding Test (Languages: C++/JAVA/Python)

100

180 minutes

40%

2/3rd

Aggregate cut off

50%

Paper

Subject

Book Name

Author

Paper I

General Awareness

General Knowledge

Manohar Pandey

English Language

Objective General English

SP Bakshi

Quantitative Aptitude

Quantitative Aptitude for Competitive exams

Abhijit Guha

Reasoning Ability

A modern approach to verbal Reasoning

RS Aggarwal

Paper II

English Writing and Comprehension

Selected Contemporary Essays

Saumitra Mohan

Economics

Indian Economy

Ramesh Singh, Uma Kapila, Mishra & Puri, Datta & Sundaram

Finance and Management

Indian Financial System

Bharti V Pathak

Accounting

Corporate Accounting

Naseem Ahmed

Cost Accounting

Principles and Practice of Cost Accounting

Ashish K. Bhattacharyya

Information Technology

DBMS and SQL

Korth