SEBI Grade A 2025 Exam Pattern: Phase I (Online Screening Test)

 The SEBI Officer Grade A 2025 selection process is a three-phase recruitment consisting of:

1. Phase I — Online Screening Examination
2. Phase II — Online Examination
3. Phase III — Interview

Here’s the complete breakdown of the Phase I Online Exam Pattern, based on SEBI’s latest format: Phase I: Online Examination Structure

Paper	Streams / Subjects	Maximum Marks	Duration	Minimum Cut-off
Paper 1	All Streams: Multiple-choice questions on General Awareness (including Financial Sector awareness), English Language, Quantitative Aptitude, and Reasoning Ability.	100	60 minutes	30%
Paper 2	General Stream: MCQs on Commerce, Accountancy, Management, Finance, Costing, Companies Act, and Economics.Legal, Research, Engineering (Electrical), Official Language, and IT Streams: MCQs based on specialized subjects of the respective stream.	100	40 minutes	40%

Aggregate Cut-off: Candidates must score a minimum 40% aggregate across both papers to qualify for Phase II.

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Important Rules for SEBI Grade A Phase I 2025 i. Negative Marking:
For every incorrect answer, ¼th (0.25) of the marks assigned to the question will be deducted in both Paper 1 and Paper 2. ii. Minimum Cut-offs:

• Paper 1 → 30% minimum cut-off (no sectional cut-off).
• Paper 2 → 40% minimum cut-off.
• Candidates must secure aggregate 40% to qualify for Phase II.

iii. Shortlisting for Phase II:
Marks obtained in Phase I are only for shortlisting. They are not counted for final selection. iv. Result Declaration:
Candidates meeting the cut-off in both papers and the aggregate will be shortlisted for Phase II. The list of shortlisted candidates will be published on SEBI’s official website.

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Key Takeaways

• Phase I is qualifying in nature.
• Focus on scoring above the aggregate 40% threshold.
• Paper 1 is aptitude-based; Paper 2 is domain-specific and critical for shortlisting.
• Manage time effectively: 60 minutes for Paper 1, 40 minutes for Paper 2.
• Negative marking applies equally across both papers.

The Phase II examination of SEBI Officer Grade A 2025 is a crucial merit-based stage comprising two papers of 100 marks each. Candidates shortlisted from Phase I will receive new Hall Tickets for Phase II. Structure of Phase II Exam

Paper	Streams / Subjects	Maximum Marks	Duration	Minimum Cut-off	Weightage
Paper 1	All Streams: English (Descriptive Test) to assess drafting and writing skills.	100	60 minutes	30%	1/3
Paper 2	General Stream: Multiple-choice questions on Commerce, Accountancy, Management, Finance, Costing, Companies Act, and Economics.	100	90 minutes	40%	2/3
	Legal Stream: 70 MCQs + 3 descriptive questions (10 marks each) on Law and Legal Subjects.	100	60 minutes (MCQs) + 60 minutes (Descriptive)	40%	2/3
	Information Technology Stream: Coding Test (Languages: C++, Java, Python).	100	210 minutes	40%	2/3
	Research Stream: Descriptive test on Economics, Financial Markets, and Statistics.	100	120 minutes	40%	2/3
	Official Language Stream: Translation and notings between English and Hindi, including technical/legal passages.	100	90 minutes	40%	2/3
	Engineering (Electrical) Stream: MCQs on specialized subjects in Electrical Engineering.	100	40 minutes	40%	2/3

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Key Points for Phase II i. Negative Marking: ¼th (0.25) of marks are deducted for each incorrect answer in multiple-choice questions.
ii. Minimum Cut-offs:

• Paper 1 → 30%

• Paper 2 → 40%

• Aggregate → 50% (combined Paper 1 & 2).

• iii. Weightage: Paper 1 carries 1/3rd weightage, and Paper 2 carries 2/3rd weightage in the Phase II total.

• iv. Shortlisting for Interview:

• Candidates must qualify both papers and secure 50% aggregate marks to be shortlisted for Phase III (Interview).

• v. Medium of Paper: All papers (except English Descriptive) are bilingual — English and Hindi.

• vi. Syllabus Availability: The detailed Phase II syllabus will be published in the official SEBI notification annexure.

Check out SEBI Officer Grade A (Assistant Manager) Exam 2025: Notification, Eligibility, Salary, and Selection Process

SEBI Grade A 2025 — Phase III (Interview) 

Only candidates shortlisted from Phase II will be called for Phase III: Interview. The interview assesses personality, communication, domain expertise, and overall suitability for the Assistant Manager role. Interview Details

• Candidates may opt to appear in English or Hindi.

• Marks weightage:

• Phase II marks: 85%

• Interview marks: 15%

• For the Legal and Engineering (Electrical) streams, candidates with relevant post-qualification experience are given additional weightage of up to 3.75 marks (25% of total 15 marks).

Component	Weightage	Maximum Marks
Interview Performance	75%	11.25
Relevant Post-Qualification Experience (Legal/Electrical only)	25%	3.75
Total	100%	15 Marks

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Important Guidelines

• Only shortlisted candidates from Phase II will be invited to the interview stage.

• Application fees are non-refundable for candidates not shortlisted for the next phase.

• The final merit list will be based on combined marks from Phase II and the Interview (85:15 ratio).

• The list of shortlisted candidates for the interview and final results will be made available on SEBI’s official website.

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Aggregate Cut-off for Phase II

• Candidates must secure 50% aggregate marks across both papers to qualify for the interview.

• Marks obtained in the descriptive papers will be combined with objective test scores for the final Phase II total.