SEBI Grade A Syllabus 2026 & Exam Pattern: Complete Guide (Phase 1 & 2)

The Securities and Exchange Board of India (SEBI) has released 110 vacancies for the prestigious SEBI Grade A (Assistant Manager) position. Aspiring candidates aiming to secure a role in 2026 should initiate their preparation immediately. Success in this highly competitive exam requires a thorough understanding of the current SEBI Grade A syllabus and exam structure. To streamline your study plan, we have compiled the latest SEBI Grade A 2026 syllabus and exam pattern. Ensure you cover every topic outlined in this article to maximize your score.

SEBI Grade A Syllabus and Exam Pattern 2026

A deep understanding of the SEBI Grade A syllabus and exam pattern is the foundational step for every serious aspirant. Before diving into subject-specific topics, review the key highlights of the SEBI Grade A 2026 examination in the table provided below:

SEBI Grade A Syllabus and Exam Pattern 2026
Exam Conducting Body	Securities and Exchange Board of India
Exam Name	SEBI Grade A
Mode of Exam	Online
Category	Syllabus
Marking Scheme	1 Mark for each correct answer and ¼ will be deducted for each wrong answer
Total Marks	Phase I- 200 Marks Phase II- 200 Marks
Negative Marking	¼th mark
Selection Process	Phase-I Online Examination Phase-II Online Examination Phase-III Interview Round
Official website	https://www.sebi.gov.in/

SEBI Grade A Mains Exam Analysis 2026 - Click to Check

SEBI Grade A Selection Process 2026

The SEBI Grade A selection process consists of three rigorous stages: Phase 1 (Online Screening), Phase 2 (Online Exam), and Phase 3 (Interview).

Phase 1: This is an objective-type screening examination conducted online. It comprises two papers, each carrying 100 marks.

Phase 2: The Phase 2 online examination consists of two papers, each worth 100 marks, featuring a combination of both objective and descriptive-type questions.

Phase 3: The final stage is an interview designed to assess the candidate's personality and suitability. Candidates may opt for the interview in either English or Hindi.

SEBI Grade A Exam Pattern 2026

The final selection is based on performance in the Phase 2 exams and the interview. While Phase 1 serves as a qualifying screening test, its scores do not count toward the final merit list. The detailed exam pattern for the two online papers is as follows:

SEBI Grade A Exam Pattern [Phase 1]

• An online examination which has two papers each paper carries one hundred (100) marks
• Paper 1 will consist of 60 minutes (1 hours) duration and the same for all the streams.
• Paper 2 will consist of Multiple-Choice Questions, the duration of each section is 40 minutes.
• The Aggregate Cut-off to be scored is 40%.
• There shall be a negative marking of ¼th mark for both Paper 1 & 2.

SEBI Grade A Phase 1 Exam Pattern 2026
Papers	Streams	Subjects	Maximum Marks	Duration
Paper 1	All Streams	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
Paper 2	General Stream	Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act and Economics.	100	40 minutes
	Legal, Information Technology & Official Language stream	Multiple choice questions on Specialized subjects related to the stream.	100	40 minutes
	Research Stream	Multiple-choice questions on subjects of Economics, Econometrics, Statistics, Finance and Commerce	100	40 minutes

SEBI Grade A Phase-2 Exam Pattern

1. The online examination consists of two papers, with a combined total of 200 marks.

2. Paper 1 is descriptive in nature with a time duration of 60 minutes (1 hour).

3. Paper 2 consists of Multiple-Choice Questions (MCQs), with each section allotted 40 minutes.

4. Candidates must achieve a minimum aggregate cut-off of 50% to qualify.

5. A negative marking of 1/4th of the assigned marks applies to incorrect answers in Phase 2, Paper 2.

SEBI Grade A Exam Pattern 2026- Phase 2
Papers	Streams	Subjects	Maximum Marks	Duration
Paper 1	All Streams	English (Descriptive Test) to test the drafting skills	100	60 minutes
Paper 2	General Stream	Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act and Economics.	100	40 minutes
	Legal & Official Language stream	Multiple choice questions on Specialized subject related to stream	100	40 minutes
	Research Stream	Multiple choice questions on subjects Economics, Econometrics, Statistics, Finance and Commerce.	100	40 minutes
	Information Technology	Coding Test (Languages: C++/JAVA/Python)	100	180 minutes

SEBI Grade A Syllabus 2026 for Phase-1

The Phase 1, Paper 1 syllabus is common for all candidates. Those who successfully qualify for this screening stage proceed to Phase 2 and the interview. The detailed 2026 syllabus for Paper 1 is outlined further in this article.

SEBI Grade A Syllabus for Paper-1

Paper 1 covers four primary sections: English Language, Reasoning Ability, Numerical Ability, and General Awareness (Financial Awareness). Review the key topics for Phase 1 below.

English Language

The English Language section tests proficiency in Error Spotting, Fillers, Sentence Connectors, Paragraph Completion, Sentence Rearrangement, Reading Comprehension, Synonyms/Antonyms, Active/Passive Voice, Direct/Indirect Speech, and Idioms & Phrases.

• Error Spotting
• Column based Fillers and Sentence Connectors
• Paragraph Completion
• Sentence Rearrangement
• Comprehension
• Fill in the Blanks
• Passages
• Synonyms and Antonyms
• Active and Passive Voice
• Direct and Indirect Speech
• Idioms & Phrases etc.

Reasoning Ability

The Reasoning Ability section is designed to test logical and analytical skills. Prepare the topics listed in the detailed curriculum provided below.

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

Quantitative Aptitude

Candidates must thoroughly review the entire syllabus list provided for the Quantitative Aptitude (Numerical Ability) section.

• Data Interpretation
• Inequalities
• Number Series
• Approximation and Simplification
• Data Sufficiency
• HCF and LCM
• Inequality (Quadratic & Quantity based)
• Profit and Loss
• Time and work & Pipe and cistern
• Permutation, Combination & Probability
• Problem on Ages
• Work and Time
• Speed Distance and Time
• Mensuration
• Average, Ratio and Proportion, etc.

General Awareness

Stay updated with current affairs, financial trends, and general knowledge, as these areas are heavily tested in Paper 1.

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

SEBI Grade A Previous year's Cut Offs

SEBI Grade A Syllabus- Subject wise

Review the subject-wise topics for the 2026 exam thoroughly. Practice consistently until you feel fully prepared and confident in your knowledge.

SEBI Grade A Syllabus for Commerce & Accountancy

• 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

SEBI Grade A Syllabus for 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

SEBI Grade A Syllabus for 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

SEBI Grade A Syllabus for 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- (a) Standard Costing, (b) Marginal Costing, (c) Budget, and Budgetary Control.

SEBI Grade A Syllabus for Companies Act

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

SEBI Grade A Syllabus for Economics

• Demand and Supply, Market Structures, National Income:-Concepts and Measurement, Classical Vs 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, Non-banking Financial Institutions

SEBI Grade A Syllabus- Stream Wise

The syllabus for specialized streams—Legal, Information Technology, Engineering (Civil/Electrical), Research, and Official Language—is detailed below. Select your relevant stream to begin your targeted preparation.

SEBI Grade A Syllabus for Legal Stream

Candidates preparing for the Legal stream should consult the comprehensive Phase 1 and Phase 2 syllabus mentioned below.

Phase I

Phase II

Constitution of India Law of Contracts Criminal Law Law of Evidence Code of Civil Procedure Administrative Law and Principles of Natural Justice Jurisprudence and Interpretation of Statutes Important Latin terms and maxims Law of Torts and Consumer Protection Act Arbitration and Conciliation Act Transfer of Property Act Companies Act, 2013 Securities Laws – SEBI Act

Constitution of India Law of Contracts Criminal Law Law of Evidence Code of Civil Procedure Administrative Law and Principles of Natural Justice Jurisprudence and Interpretation of Statutes Important Latin terms and maxims Law of Torts and Consumer Protection Act Arbitration and Conciliation Act Transfer of Property Act,1882 Corporate Law- Companies Act, 2013, Ltd. Liability Partnership Act 2008, Insolvency & Bankruptcy code Securities Laws – SEBI Act Taxation

SEBI Grade A Syllabus for Information Technology

For complete details on the SEBI Grade A 2026 Information Technology syllabus, please refer to the section below.

Phase 1 IT Stream

• Database Concepts
• SQL Queries
• Programming Concepts (Java/C C++ )
• Data Analytics Languages (Python / R)
• Algorithms for problem-solving
• Networking Concepts
• Information & Cyber Security Concepts
• Data warehousing
• Shell Programming

Phase 2 IT Stream

Topic	Concept	Language to test concepts	Weightage
Algorithms	Sorting, Searching, Greedy Algorithms, Dynamic Programming, Backtracking, Divide and Conquer, Pattern Searching	C++/JAVA/Python	40
Data Structure	Array, Linked List, Stack, Queue, Binary Tree, Indexing, Binary Search Tree, Heap, Hashing, Matrix	C++/JAVA/Python	40
String Manipulation	Length, Substring, Regex, Search	C++/JAVA/Python	20
Total			100

SEBI Grade A Syllabus for Research Stream

Candidates targeting the Research stream must align their preparation with the official syllabus released by SEBI, as detailed below.

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
• 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

SEBI Grade A Syllabus for Official Language

The official syllabus for the Official Language stream is listed below.

• भारत सरकार की राजभाषा नीति से सम्बंधित प्रश्न  (Official Language Policy of the Govt. of India)
• हिन्दी से अंग्रेजी अनुवाद [शब्द / वाक्यांश/ वाक्य / Terms / Phrases / Sentences]
• अंग्रेजी से तिन्दी अनुवाद [शब्द / वाक्यांश / वाक्य / Terms / Phrases / Sentences]
• हिन्दी से अंग्रेजी – विधिक  शब्दावली (Legal Terminology)
• अंग्रेजी से हिन्दी – विधिक  शब्दावली (Legal Terminology)
• हिन्दी से अंग्रेजी – प्रशासनिक/ बैंकिंग/ पूंजी बाज़ार संबंधी शब्दावली (Administrative / Banking / Capital Market Terminology)
• अंग्रेजी से हिन्दी – प्रशासनिक/ बैंकिंग/ पूंजी बाज़ार संबंधी शब्दावली (Administrative / Banking / Capital Market Terminology)

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