SEBI GRADE A - RECRUITMENT 2018

security exchange board of india
Recruitment of Officer Grade A (Assistant Manager)

Phase I On-Line Examination November 17, 2018
Phase II On-Line Examination December 16, 2018
Phase III Interview Dates will be intimated

Phase I On-Line Examination:

Stream	Tests	Maximum Marks	Duration
General, Legal, Information Technology and Engineering	General Awareness	40	120 Minutes
	English Language	40
	Quantitative Aptitude	40
	Test of Reasoning	40
	Awareness about Securities Market	40

Candidates would have to secure minimum 40% cut-off marks separately for each test in order to qualify for Phase II. Marks obtained in Phase I shall be used only for shortlisting the candidates for Phase II examination process and will not be counted for final selection of the candidates.

Phase II On-Line Examination:
Candidates shortlisted in Phase I will appear for Phase II, which will also be an on-line examination consisting of three papers.

Stream	Paper	Maximum Marks	Duration
General	Paper I: Securities Market	100 Marks	40 minutes
	Paper II: English (Writing Skills)	100 Marks	60 minutes
	Paper III: Economic & Social Issues and Finance & Management	100 Marks	40 minutes
Legal / Information Technology / Engineering	Paper I: Financial Sector	100 Marks	40 minutes
	Paper II: English (Writing Skills)	100 Marks	60 minutes
	Paper III: Specialized subject related to stream	100 Marks	40 minutes

Candidates, who secure minimum 40% marks separately in each Paper, will be shortlisted for Phase
III- Interview of the recruitment process. Weightage of marks obtained in Phase II will be 85%, while marks obtained in interview shall be given a
weightage of 15%.

NO.VACENCIES

Stream	No. of Posts	Educational Qualification
General	84	1. Master’s Degree in any discipline OR 2. Bachelor’s Degree in Law OR 3. Bachelor’s Degree in Engineering OR 4. Chartered Accountant OR 5. Company Secretary OR 6. Chartered Financial Analyst OR 7. Cost & Work Accountant
Legal	18	Bachelor’s Degree in Law
Information Technology	8	1. Graduate in engineering (electrical/ electronics/ electronics and communication/ information technology/ computer science) OR 2. Masters in Computers Application OR 3. Graduate in any discipline with post graduate qualification (minimum 2 years duration) in computers/ information technology.
Engineering (Civil)	5	Bachelor’s Degree in Civil Engineering
Engineering (Electrical)	5	Bachelor’s Degree in Electrical Engineering

Interview: Only the shortlisted candidates will be called for interview. Application fee shall not be refunded to the candidates not shortlisted for the interview. Candidate may opt for interview either in Hindi or English. Weightage of marks obtained in Phase II will be 85%, while marks obtained in interview shall be given a weightage of 15%. 

SEBI reserves the right to modify the selection procedure, if deemed fit

a. Probation: The successful candidates recruited for the post of Officer Grade ‘A’ shall undergo probation of two years. The candidates shall be confirmed in the services of SEBI subject to their satisfactory performance during the probation period. 

b. Pay: The pay scale of officers in Grade A is Rs. 28150-1550(4)-34350-1750(7)-46600-EB-1750(4)-53600- 2000(1)-55600 (17 years). Presently, the gross emolument including SEBI’s Contribution towards National Pension Scheme (NPS), Grade Allowance, Special Allowance, Dearness Allowance, Family Allowance, Local Allowance etc. at Mumbai at the minimum of this scale is approx. Rs. 92,000/- p.m. without accommodation and Rs. 62,000/- p.m. with accommodation.

C.Benefits: Other benefits viz., Leave Fare Concession, Medical Expenses, Eye Refraction, Education Allowance, Financial Dailies, Book Grant, Briefcase, Conveyance Expenses, House Cleaning Allowance, Staff Furnishing Scheme, Scheme for Purchasing Computers, Subsidized Lunch Facility and all other benefits as admissible to an Officer in Grade A in SEBI.

SYLLABUS

Syllabus for test on ‘Awareness about Securities Market’ of Phase I Securities markets 

1. Indian Financial system - introduction - structure - finance commission - financial administration - receipts of the Government - Expenditures of the Government. 

2.Capital markets - primary market - instruments - legal issues and regulations - secondary market - stock exchanges - brokers - trading in stock exchanges - forward trading - stock index - depositories – regulations 

3.Bond Market- Money market, G.sec Market, Corporate bond market, Bond valuation, Duration, sensitivity, risk 

4.Foreign Exchange market - exchange control - fixation of exchange rate - exchange control in India - FEMA - foreign exchange transactions of commercial banks in India - currency convertibility - currency forwards, futures and options - trading in foreign exchange market - relationship between money market and foreign exchange market.. 

5.Commodity market, commodity trading and exchanges 

6.International capital markets - instruments - Guidelines - foreign investment in India and its regulations. 

Securities Law: 

1.Relationship between Company Law and securities law 

2.Basic concepts related to securities law, like capital, public offer and securities 

3.Historical Background of securities law 

4.SEBI as a Market regulator, Powers and Functions of SEBI, Quasi legislative powers, executive powers and quasi-judicial powers

5.Regulating the intermediaries and Stock exchanges, Meaning and Type of securities, Securities Contract, Corporatization, Demutualization and regulation of stock exchange, Listing Agreement, Dematerlisation and Rematerlisation 

6.Rights and duties of Depository (NSDL AND CSDL) , Depository Participant, Issuer and beneficiary 

7.Unpublished Price Sensitive Information(UPSI) , Insider as connected person, Insider as the person having access to UPSI, Trading on the basis of UPSI 

8.Mergers Amalgamation and takeovers, Types and legal processes during takeover, Substantial Acquisitions, Exemptions by law, Exemption BY SEBI 

9.Public offer and disclosure requirements 

10. Unfair Trade Practices in the securities market, Securities Market offences, Prohibition of Insider Trading 

11. SEBI ICDR Regulations 

12. Public Offer requirements 

13. Role of SEBI as a Regulator 

14. Securities Appellate Tribunal 

15. Role of Courts in enforcing securities regulations

Syllabus for Paper I of Phase II Securities markets (General Stream) 

1) SEBI as a Market regulator, Powers and Functions of SEBI, Quasi legislative powers, executive powers and quasi-judicial powers 

2) Regulating the intermediaries and Stock exchanges, Meaning and Type of securities, Securities Contract, Corporatization, Demutualization and regulation of stock exchange, Listing Agreement. 

3) SEBI regulated entities: Stock-broking, Depositories, Depository Participants, Registrars and Transfer Agents, Merchant Bankers, Custodians, Debenture Trustees, Stock Exchanges, Clearing Corporations, Credit Rating Agencies, Alternative Investment Funds, Bankers to Issues, Investment Advisors etc. 

4) Stock Broking – equity, derivative, commodity 

5) Merchant banking services - capital issue management - pricing of issue -marketing of issues. 

6) Mutual funds: Indian History, Role, legal structure, Types of schemes and main features, Real estate MFs and Reits, InVits, Distribution of financial products and investment advice: issues, concerns and regulatory requirements 

7) Commodity market, commodity trading and commodity exchanges 

8) International capital markets - instruments - Guidelines - foreign investment in India and its regulations. 

9) Historical Background of securities law 

10) Basic concepts related to securities law, like capital, public offer and securities 

11) Relationship between Company Law and securities law 

12) Rights and duties of Depository (NSDL AND CSDL) , Depository Participant, Issuer and beneficiary 

13) Mergers Amalgamation and takeovers, Types and legal processes during takeover, Substantial Acquisitions, Exemptions by law, Exemption BY SEBI 

14) Public offer and disclosure requirements, SEBI ICDR Regulations, LODR Regulations 

15) Unfair Trade Practices in the securities market, Securities Market offences, Prohibition of Insider Trading, Unpublished Price Sensitive Information(UPSI) , Insider as connected person, Insider as the person having access to UPSI, Trading on the basis of UPSI 

16) Public Offer requirements 

17) Foreign Portfolio Investors: Their role, nature of investments in Indian Market, their impact on Indian Markets

18) Collective Investment Schemes: regulatory framework, main issues/ concerns, role of SEBI and other agencies 

19) Securities Appellate Tribunal : constitution, recent important cases 

20) Role of Courts in enforcing securities regulations 

Syllabus for Paper III of Phase II General Stream: Economic and social Issues: Growth and Development 

1. Measurement of growth: National Income and per capita income 

2. Poverty Alleviation and Employment Generation in India 

3. Sustainable Development and Environmental issues. Economic Reforms in India 

4. Industrial and Labour Policy 

5. Monetary and Fiscal Policy 

6. Privatization 

7. Role of Economic Planning. Globalization 

8. Opening up of the Indian Economy 

9. Balance of Payments, Export-Import Policy 

10. International Economic Institutions – IMF and World Bank 

11. WTO 

12. Regional Economic Co-operation. 

Social Structure in India 

1. Multiculturalism 

2. Demographic Trends 

3. Urbanization and Migration 

4. Gender Issues 

5. Social Justice : Positive Discrimination in favor of the under privileged 

6. Social Movements 

7. Indian Political System 

8. Human Development 

9. Social Sectors in India, Health and Education. 

Finance and Management: 

(I) Finance: 

(a) Financial System: 

1. Money Market, Capital Market 

2. Reserve Bank of India- functions and conduct of monetary policy, Banking System in India, Financial Institutions – SIDBI, EXIM, NABARD, NHB, etc. 

3. SEBI – functions and role 

4. Prevention of Money Laundering 

5. Know Your Client Framework 

(b) Financial Markets Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.

(c) General Topics: 

1. Risk Management in Financial Sector Page 21 of 25 

2. Basics of Derivatives: Forward, Futures and Swap 

3. Changing Landscape of Financial sector 

4. Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments 

5. Financial Inclusion- use of technology 

6. Alternate source of finance, private and social cost-benefit, Public-Private Partnership 

7.Corporate Governance in Financial Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector. 

8. The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, GST, Thirteenth Finance Commission and GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM), 

9. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends.

(II) Management: 

1. Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and controlling; The Role of a Manager in an Organization. 

2. Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. 

3. Human Resource Development: Concept of HRD; Goals of HRD; Performance Appraisal – Potential appraisal and development – Feedback and Performance Counselling – Career Planning – Training and Development – Rewards – Employee Welfare. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale. 

4. 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. 

5. Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.