SEBI Grade A Syllabus: Paper 1 and Paper 2
Two papers per phase, and one of them does the selecting. Here is everything each paper covers.
The SEBI Grade A syllabus splits across two papers in each phase. Paper 1 is common to every stream and covers General Awareness (including the securities market), English Language, Quantitative Aptitude and Reasoning Ability. Paper 2 is stream-specific; for the General stream it spans Commerce, Accountancy, Management, Finance, Costing, Companies Act and Economics.
Weightage should shape how you read this list. In Phase 2, Paper 2 carries two-thirds of the weight against Paper 1's one-third, so the stream subjects below deserve most of your preparation hours. This page lists what each paper covers; the pattern page covers marks and merit.
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Paper 1 Syllabus: Common to All Streams
Four aptitude areas, tested objectively in Phase 1 and via descriptive English in Phase 2:
- check_circleReasoning Ability: puzzles and seating arrangement, syllogism and inequalities, coding-decoding, blood relations and direction, data sufficiency, logical and analytical reasoning, input-output
- check_circleEnglish Language: reading comprehension, cloze test, error detection, para jumbles, vocabulary and phrase replacement, plus descriptive essay and precis in Phase 2
- check_circleQuantitative Aptitude: data interpretation, number series, simplification and approximation, quadratic equations, arithmetic, probability and permutations-combinations
- check_circleGeneral Awareness and the securities market: current affairs, financial and banking awareness, SEBI, RBI and the regulatory framework, securities-market instruments, intermediaries and exchanges, economy and government schemes, static GK
Paper 2 Syllabus: Commerce, Accountancy and Costing
The accounting half of the General stream paper:
- check_circleAccounting standards and financial statements
- check_circlePartnership and company accounts
- check_circleAuditing basics
- check_circleCost concepts, marginal and standard costing
- check_circleBudgeting and variance analysis
Paper 2 Syllabus: Management, Finance and Companies Act
The finance and law half:
- check_circleManagement functions and organisational behaviour, leadership, governance
- check_circleFinancial system and markets
- check_circleFinancial instruments: equity, debt, derivatives
- check_circleRisk and return, portfolio basics, mutual funds and IPOs
- check_circleCompanies Act 2013 key provisions
- check_circleMicro and macroeconomics
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How the Same Syllabus Appears in Both Phases
Phase 1 and Phase 2 do not have separate topic lists; they test the same subjects at different depth and format. Phase 1's Paper 2 is a 50-question objective screen. Phase 2's Paper 2 goes deeper into the same subjects, and Phase 2's Paper 1 turns the English section descriptive: essay, precis and comprehension, typed. Prepare the subjects once, to Phase 2 depth, and Phase 1 largely takes care of itself.
Specialist Streams Have Their Own Paper 2
Legal, IT, Research, Official Language and Engineering candidates sit a Paper 2 in their own discipline instead of the General list above. The Paper 1 syllabus is identical for everyone. Stream-wise details are on the streams page and in SEBI's notification.
SEBI Grade A Syllabus FAQs
What subjects are in SEBI Grade A Paper 2 for the General stream?expand_more
Commerce, Accountancy, Management, Finance, Costing, Companies Act and Economics, tested objectively in Phase 1 and at greater depth in Phase 2.
Is the SEBI Grade A syllabus different for Phase 1 and Phase 2?expand_more
The subjects are the same; the depth and format differ. Phase 1 is an objective screen, while Phase 2 tests the same stream subjects harder and makes the English paper descriptive.
Does Paper 1 include the securities market?expand_more
Yes. The General Awareness section explicitly covers the securities market alongside financial and banking awareness, SEBI and RBI's regulatory framework, and current affairs.
Next steps
Take a full SEBI Grade A mock testFull Phase 1 mocks on this exact syllabus, scored instantly.