SEBI Complete Phase -2 Course

Phase II On-Line Examination

An on-line examination consisting of two papers of 100 marks each . The papers shall be as follows:

Note:- The details with respect to Paper – 2 of Phase II for Information Technology Stream shall be made available on SEBI website (www.sebi.gov.in) in due course.

Candidates shortlisted for Phase II will be issued new Hall Tickets. ii. For candidates who have applied in multiple streams, Paper II will be conducted in various shifts, the timings of which will be intimated in the Hall Ticket.

• There shall be negative marking (1/4th of marks assigned to the question) for Paper 2 in Phase II (except IT stream for which details shall be informed in due course).
• There shall be a cut-off of minimum 30% for Paper 1 and a cut-off of minimum 40% for Paper 2 in Phase II. 
• Candidates would need to secure separate cut-off in each paper as mentioned at (iv) above as well as aggregate cut-off marks of 40% in Phase II exam (weightage of 1/3rd for Paper 1 and 2/3rd for Paper 2) to be shortlisted for Phase III.
• Subject to the criteria mentioned at (v) above, candidates equaling 3 times the number of vacancies shall be shortlisted, in order of merit, for Phase III i.e. the Interview. List of candidates shortlisted for Interview will be made available on SEBI website.

Note: All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.

1. Costing 
2. Management 
3. Accounting
4. Company Law
5. Economics
6. Finance
7. Computer GK
8. English Descriptive

Syllabus For  Paper-1 :- English Writing Skills

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic including precis writing/ essay writing/ comprehension

Syllabus For General Stream(Paper 2)

Commerce & Accountancy:

• Accounting as a financial information system;
• Accounting Standards with specific reference to Accounting for Depreciation, Inventories, Revenue Recognition, Fixed Assets, Foreign Exchange Transactions, Investments.
• Cash Flow Statement, Fund flow statement, Financial statement analysis; Ratio analysis;
• Accounting for Share Capital Transactions including Bonus Shares, Right Shares.
• Employees Stock Option and Buy-Back of Securities.
• Preparation and Presentation of Company Final Accounts.

Management :

• Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and controlling; The Role of a Manager in an Organization.
• Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader.
• 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.
• 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.
• Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.
• Use Code P30 to avail 30% discount on SEBI Courses.

Finance :

(a) Financial System:

• Money Market, Capital Market
• Reserve Bank of India- functions, and conduct of monetary policy, Banking System in India, Financial Institutions – SIDBI, EXIM, NABARD, NHB, etc.
• SEBI – functions, and role
• Prevention of Money Laundering
• Know Your Client Framework
   

(b) Financial Markets:

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

(c) General Topics:

• Risk Management in Financial Sector
• Basics of Derivatives: Forward, Futures, and Swap
• Changing Landscape of the Financial sector
• Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments
• Financial Inclusion- use of technology
• Alternate source of finance, private and social cost-benefit, Public-Private Partnership
• Corporate Governance in the Financial Sector, the role of e-governance in addressing the issues of corruption and inefficiency in the government sector
• 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)
• Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components, and trends.

Costing :

• Overview of Cost and Management Accounting – Introduction to Cost and Management Accounting, Objectives and Scope of Cost and Management Accounting.
• Methods of Costing – Single Output/ Unit Costing, Job Costing, Batch Costing, Contract Costing, Process/ Operation Costing, Costing of Service Sectors.
• Basics of Cost Control and Analysis – (i) Standard Costing, (ii) Marginal Costing, (iii) Budget and Budgetary Control.
• Lean System and Innovation:-
  a) Introduction to Lean System
  b) Just-in-Time (JIT)
  c) Kaizen Costing
  d) 5 Ss
  e) Total Productive Maintenance (TPM)
  f) Cellular Manufacturing/ One-Piece Flow Production Systems
  g) Six Sigma (SS)
  h) Introduction to Process Innovation and Business Process Re-engineering (BPR).

Companies Act :

• The Companies Act, 2013 – Specific reference to Chapter III, Chapter IV, Chapter VIII, Chapter X, Chapter XI, Chapter XII, and Chapter XXVII.

Economics :

• Demand and Supply, Market Structures, National Income: Concepts and Measurement, Classical & Keynesian Approach Determination of output and employment, Consumption Function, Investment Function, Multiplier and Accelerator, Demand and Supply for Money, IS-LM, Inflation and Phillips Curve, Business Cycles
• Balance of Payments, Foreign Exchange Markets, Inflation, Monetary and Fiscal Policy, Non-banking Financial Institutions.