SEBI Grade A Exam Analysis 2020 – Phase-1 & Phase-2

Both the Papers (Paper-1 & Paper-2) of the SEBI Grade A 2020 Phase-2 exam for the Generalist post got conducted on the 27th of February 2021 and Phase-1 on the 17th of January 2021. The exam was conducted in a single shift. SEBI Grade A 2020 Notification was announced sometime in March 2020 and the exam got postponed due to the Coronavirus Pandemic. We have asked aspirants about their exam experience and here we share with you the detailed SEBI Grade A Exam Analysis 2020 for both the Papers of Phase-1 & Phase-2. 

SEBI Grade A Exam Analysis 2020 – Phase-2

Listen to what the expert has to say about the Phase-2 examination.

As per the reviews and feedback shared by students who took the SEBI Grade A Phase-2 exam on the 27th of Feb 2021, it was evident that the paper was different when we compare it with SEBI Grade A Phase-1 conducted on the 17th of Jan 2021. 

What was the overall difficulty level of the exam?

  • The paper was of moderate difficulty level. But if you do not have a grip on the fundamentals, you might find it more on the difficult side. 
  • As the students reported that Descriptive English Writing paper wherein students had to type the answers, was a little troublesome. 
  • The writing interface was a bit uncomfortable for the students. 


Essay Writing Topics (Word Limit = 200 Words):

  • Importance of teamwork
  • Fake News
  • Technology to detect financial crimes
  • Pros & cons of mergers and acquisitions of companies

Reading Comprehension (5 Questions)

  • Regarding the concept of money

Precis’Writing (170 Words)

  • Behavioural finance 

Decent Score in  Paper-1 – 65-75 Marks


There was a good mix of questions in paper-2 from all the sections. 

  • Numericals – 8-11 Questions (no calculator was provided)
  • Concept-Based – 25-29 Questions
  • Fact-Based – 10 Questions Approx

The options given were tricky. You could do it your concepts are clear. 

SEBI Grade A Exam Analysis 2020 – Phase-1

Listen to what the expert has to say about the Phase-1 examination.


Before starting the analysis part let us first have a look at the SEBI Grade A Exam Pattern that was released in the Information Handout released by SEBI. 

SEBI Grade A 2020 Exam Pattern

Paper Streams/Subjects No. of Questions Maximum Marks Cut Off Duration
Paper 1 for all Streams General Awareness 20 25 30% 60 minutes
English Language 20 25
Quantitative Aptitude 20 25
Test of Reasoning 20 25
Total 80 100
Paper 2 General Stream: Multiple choice questions on subjects Commerce, Accountancy, Management, Finance, Costing, Companies Act, and Economics. 50 100 40% 40 minutes
Legal, Information Technology, Engineering Stream (Civil & Electrical), Official Language stream: Multiple choice questions on Specialized subjects related to the stream. 50 100 40% 40 minutes
Research Stream: Multiple choice questions on subjects Economics, Econometrics, Statistics, Finance, and Commerce. 50 100 40% 40 minutes
Aggregate Cut-off 40%

 *As per the latest Handout by SEBI

SEBI Grade A Exam Analysis – Phase-1 – Paper-1


Topics Asked Difficulty Level

Good Attempt

Quantitative Aptitude 1.       2 DI – 8 to 10 Questions

2.       Wrong Number Series -5

3.       Arithmetic Questions on Mixtures & Allegations, Mensuration, Time Work & Distance, Ages

Easy to Moderate 10-12/ 20
English Language 1.       Reading Comprehension (Passage) – 7-8 Questions

2.       Find the Correct Statements – 3 Questions

3.       Jumbled Sentences – 4 Questions

4.       Error Detection – 3 Questions

5.       Fill in the Blanks – 3 Questions

Easy-Moderate 14-15/20
Reasoning Ability 1.       2 Puzzles – 11 Questions

2.       Inference Based Questions – 2

3.       Syllogisms – (5 easy)

4.       Miscellaneous Questions – 2

Moderate 10-11/20
General Awareness Most of the questions were from Nov-Dec Current Affairs

1.       Personalities in News

2.       Important Days

3.       Banking Related Ques.

4.       Factual Information from SEBI Notifications from the SEBI website

5.       Government Schemes

6.       Finance & Economy News

7.       Financial Awareness

Easy 13-14/20

SEBI Grade A Exam Analysis – Phase-1 – Paper-2



No. of Questions Asked

Management Leadership 2
Finance Financial Markets 12-13
Commerce & Accountancy Income Statement & Balance Sheet 7-8
Costing Just-in-time model 1
Companies Act No. of Schedule 3
Economics Very Basic Questions 3-4
Computer Very Basic Questions 3
Government Schemes Social Issues 2
Miscellaneous General Awareness 6-8

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