What is the SEBI Grade A exam?
SEBI Grade A is the recruitment examination conducted by the Securities and Exchange Board of India to select Officers of Grade A, designated Assistant Managers. SEBI — the Securities and Exchange Board of India — was established in 1988 and became a statutory body under the SEBI Act, 1992; it is the regulator responsible for protecting investors and developing and regulating India's securities market. Grade A officers form the entry-level officer cadre that carries out this regulatory and developmental work across several specialised streams.
Recruitment is across streams — General, Legal, Information Technology, Research and Official Language — and the selection has three parts: Phase I, an online objective screening test with a general Paper 1 and a stream-specific Paper 2; Phase II, a main examination with objective and descriptive papers; and an Interview. The objective papers carry one-fourth (0.25) negative marking, so accuracy under time matters, and final merit is based on the Phase II and interview performance.

