SEBI Grade A 2018 Examination – Complete Exam Analysis

Here we are sharing the SEBI Grade A Exam Analysis 2018. The Exam of SEBI Grade A is conducted in three phases, so now we are providing you with the analysis of the Preliminary phase. This will also give you an idea about SEBI Grade A Syllabus. Go through the below post to know about the difficulty level of the questions asked, section-wise analysis for SEBI Grade A Phase 1 Exam 2017. You can also get SEBI Pre & Mains Exam Analysis in this post.

SEBI Grade A 2018 Phase 1 Examination was held on 17th November 2018. This article with provide you the SEBI grade A 2018 question paper & SEBI grade A previous year paper. This will help you with the SEBI grade A paper analysis for SEBI Grade A 2019 paper.

The examination had 5 Sections of 40 Questions each:

  1. Quantitative Aptitude
  2. Reasoning
  3. General Awareness
  4. English
  5. Securities Market

SEBI Grade A Preliminary Examination Analysis

Quantitative Aptitude

This section was very easy. There were simple calculation questions. These types of questions can see in clerical level exams. There were two data interpretation sets which were fairly easy. Anybody who is quick at calculations and approximation can solve at least 40 questions within 35 minutes.

The level of quantitative aptitude was easy to moderate. There were 4 sets of DI. With good accuracy, candidates can easily secure good marks in this section. Following are the DI types asked in this exam:

  • Double Pie Chart
  • Bar Graph
  • Caselet
  • Tabular DI

The questions were:

Topic No. of Questions Level
 Approximation 5 Easy
Missing Number Series 5 Easy
Data Interpretation 20 Moderate
Miscellaneous 10 Easy-Moderate
Total 40 Easy-Moderate

 

Reasoning

This section was of moderate difficulty. The difficulty level of 25 questions was very easy. Few questions were very difficult. The candidates who left those questions saved a lot of time and will be able to score in the exam.

5 questions were asked from the roundtable and 5 questions were asked about the sitting arrangement.

The level of reasoning was easy to moderate. Following were the questions of puzzles and seating arrangement:

  • Floor Based Puzzle
  • Order & Ranking based Puzzle- Arrangement of 6 ropes of varying lengths and different colours
  • Circular Seating Arrangement + Blood Relation, 7 people to be arranged to sit in a circle facing towards the centre
  • Linear Seating Arrangement, single line, and 10 people

The questions were:

Topic No. of Questions Level
Blood Relation 1 Easy
Coding Decoding 5 Easy
Sitting Arrangement and Puzzles 17 Moderate
Direction Sense 3 Easy
Inequality 5 Moderate
Syllogism 5 Easy
Logical Reasoning 4 Moderate
Total 40 Easy-Moderate

 

General Awareness

This was the only tough section in the exam. Most of the questions were asked from core finance. For a chartered accountant, it was an easy section but for MBAs, it was really a difficult section. Many questions were asked about national government schemes, international organizations, financial terms, banking terms, RBI notifications, annual budget, etc.

English

The Paper was of easy to moderate level. There were two sets of reading comprehension with approximately 6 questions in each set. The set of questions with Reading Comprehension also include one or two questions based on vocabulary, i.e., identifying synonym and antonym. The passages of the reading comprehensions were based on

  1. Small, Large and Medium Enterprises
  2. The other RC was on an article related to Education.

Along with the conventional error detection questions, there were also a few questions of a new type of error detection wherein few sentences or a short paragraph was given with some parts of it marked as bold; the question stated that the bold part was error-free and the candidates had to identify the error from the part that was not highlighted as bold.

There were also questions of fillers but not the word filler, rather they were sentence-completion based fillers and along with this, there were also a few questions where candidates were given a set of sentences and had to identify which among those did not fit in a general context which other sentences in that question were catering to.

Topic No. of Questions Level
Reading Comprehension 12 Moderate
Cloze Test 5 Easy
Identifying odd one out – sentences 5 Easy- Moderate
Error Detection 8 Moderate
Word Usage 5 Moderate
Sentence Completion based Filler 5 Easy- Moderate
Total 40 Moderate

 

Overall Difficulty Level of Exam

Quantitative aptitude – Very easy
Reasoning – Moderate
English – Easy
General awareness – Difficult

Overall exam difficulty level – Moderate

You can also read the previous year’s SEBI Grade A cut off for a better idea of how much you need to score to get the required SEBI Grade A result.

SECURITIES MARKET (Easy-Moderate)

This section had questions from the Capital Market related to shares and debentures, mutual funds, SEBI and its function etc. The level of questions asked was very basic thus easy. Most of the questions were directly from the definition of terms related to the security market. Few of the topics were- Regulation Acts, Committee, Commercial Papers, Depository Acts. Contracts. Foreign Commercial Bond, Firm Contract Cost Proposal, Securities Appellate Tribunal etc.

I am providing here with the total 40 Questions of Securities Market Section.

Q.1) Prospectus allotment of securities rules 2014 relates to-

Answer- Private Placement

Q.2) SEBI act 1992 sec4(1) how many members excluding chairman?

Answer- 8 members

Q.3) Foreign currency exchangeable bond – Which one is FALSE?

Answer- Exchangeable into equity shares (FALSE)

Q.4) Authority to investigate intermediary under which section of SEBI act 1992-

Answer- 11C

Q.5) Which of the following are incorrect with regard to Preference Shares-

The investor is creditor (false) 

Q.6) Anchor investor minimum application of the value of-

Answer- 10 crores

Q.7) Recognised stock exchange refuses to list a security, appeal to be made to-

Answer- SAT

Q.8) Which of the following is not a common issuer of securities-

Answer- SEBI (banks, mutual funds, CG)

 Q.9) What is an FCCB (Foreign Currency Convertible Bonds)-

Answer- Hybrid Instruments

Q.10) Identify the false statement of the SAT:

Answer- SAT cannot review its own decision (FALSE)

Q.11) Which act is not covered under Securities laws-

Answer- Indian Contract Act 1872 

Q.12) Keeping Securities in D-mat Form is covered under-

Answer- SEBI Act 1992

Q.13) Segregation of ownership and Management is-

Answer- Demutualization

Q.14) w.r.t Bonds, identify the incorrect statement-

Answer- Bonds price falls, yield goes down. (FALSE)

Q.15) Finance Commission-

Answer- A 280

Q.16) Frequently traded shares have a turnover of-

Answer- 12Months;  10%

Q.17) ADR’s Listed in-

Answer- America(US)

Q.18) Commercial paper-

Answer- Debt Instrument (Money market) 

Q.19) Mode of borrowing by CG-

Answer- T-bills

Q.20) Depository-

Answer- Provides facility for conversion of securities in electronic mode.

Q.21) Commercial Paper- Duration-

Answer- 1 year 

Q.22) Listing Agreement between-

Answer- listed entity and Stock exchange

Q.23) Parliament Act for securities trading and running of Stock Exchange-

Answer- SEBI Act 1992

Q.24) Minimum Maturity of FCCB-

Answer- 3 years

 Q.25) Meaning of Contract under SCRA Act-

Answer- Purchase and sale of securities

Q.26) Sweat equity Shares-

Answer- Equity shares to directors and employees at a discount for intellectual property rights.

Q.27) Retail Individual Investor has a maximum limit of-

Answer- 2 lakhs

Q.28) Unpublished Price Sensitive Information-

Answer- Recruitment of Officers (FALSE)

Q.29) Government Securities managed by-

Answer- RBI

Q.30) SEBI ICDR regulations will come into force when-

Answer- 16th day from 9th Nov (publication in official gazette)

 Q.31) Service Sector contribution to GDP-

Answer- 53% (More than 50%)

Q.32) 15th Finance commission Chairman-

Answer- N.K Singh

Q.33) Securities derive meaning from Sec 2 of –

Answer- SCRA 1956

Q.34) The total return anticipated on a bond if the bond is held until it matures is called as

Answer- Yield to Maturity

Q.35) Not a revenue Receipt-

Answer- Money received through the Small saving scheme in a post office (LOAN)

Q.36) Which of the following is not a money market security

Answer- shares of government in public sector enterprises

Q.37) Call risk?

Answer- Risk faced by a holder that issuer would call the bond before maturity.

Q.38) Foreign Currency Exchangeable bond notified by-

Answer- RBI

Q.39) Commercial Deposits Issued by-

Answer- Commercial banks

Q.40) Committee on Insider Trading-

Answer- Sodhi Committee

SEBI Grade A Courses

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    • Economic & Social Issues
    • English Descriptive
    • Securities Market
    • General Awareness
    • Interview Preparation

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