SEBI Grade A Previous Year Question Papers: Download PDFs

If you’re even thinking about attempting SEBI Grade A, there’s one thing you need to see before anything else: the SEBI Grade A previous year questions paper. No mock test, no syllabus PDF, and no topper video will give you the kind of clarity that the actual SEBI exam question paper gives.

This article brings everything you need in one place: SEBI Grade A previous year questions paper, download links, topic-wise weightage, difficulty level, and how to use PYQs to study smart.

Where can you get SEBI Grade A Previous Year Questions Paper?

We at EduTap have created a free comprehensive book containing solved SEBI Grade A previous year questions paper.

SEBI Grade A Past 10 Years Papers

The Securities and Exchange Board of India, or SEBI Grade A exam pattern, underwent changes in 2018:

• The Securities Market subject was removed from Phase 1 and Phase 2.
• Paper 2 was introduced in Phase 1 containing multiple choice questions on Commerce, Accountancy, Management, Finance, Costing, Companies Act and Economics.
• Paper 2 was introduced in Phase 2 containing multiple choice questions on Commerce, Accountancy, Management, Finance, Costing, Companies Act and Economics.

Therefore, focusing on SEBI Grade A PYQs after 2018 instead of the past 10 years of papers will ensure your preparation aligns with the current exam format.

In the above sections, we have provided the subject-wise SEBI Grade A Phase 1 and 2 PYQs of the past 3 years (2024, 2022, and 2020). 

SEBI Grade A Previous Year Paper Analysis

• The SEBI Grade A syllabus looks vast at first glance.
• Once you check the SEBI Grade A previous year papers, the picture gets clearer.

Why PYQs matter:

• Show exactly what SEBI focuses on, and what it doesn’t.
• They reveal question types and topic weightage.

Based on these SEBI past year papers (2024 and 2022), here’s the subject-wise analysis. 

SEBI Grade A Quantitative Aptitude Past Year Paper Analysis

• Quantitative Aptitude isn’t the largest part of Phase 1, but it’s still important.
• It usually carries 25 marks, enough to decide whether you clear the cutoff or not.

Key points:

• One mistake here can pull your overall score down.
• Questions are manageable, not very tough.
• Time and accuracy matter most.

Here’s an idea of what the topic-wise distribution of questions has looked like in SEBI Grade A Previous year papers: 

SEBI Grade A Quant Difficulty Level

• Quant in SEBI Grade A has a balanced mix of questions.
• You’ll find a few easy ones, some moderate questions that test your basics, and one or two difficult ones that need deeper thinking.

Here is the year-wise distribution of easy, moderate, and difficult quant questions.

Based on our PYQ analysis, here is an image highlighting the most, moderately, and least important quant topics:

SEBI Grade A Reasoning Ability Past Year Paper Analysis

• Reasoning carries 25 marks in Phase 1 and is crucial for clearing the overall cutoff.
• The question mix changes every year, but puzzles, syllogisms, and inequalities appear frequently.
• Tests your ability to think quickly and stay calm under pressure. 

Here is the PYQ analysis of the reasoning section of the SEBI Grade A exam.

SEBI Grade A Reasoning Difficulty Level

• The mix of easy, moderate, and a few tricky questions has been fairly balanced across both years.

Here’s how the difficulty level of the Reasoning section looked in the last two SEBI Grade A exams. 

Based on our PYQ analysis, here is an image highlighting the most, moderately, and least important reasoning topics:

SEBI Grade A English Past Year Paper Analysis

• The English section in Phase 1 carries 25 marks.
• It’s usually less intense than reasoning or quant.
• Question types are similar to other competitive exams.
• Helps you push your overall score above the cutoff.

Here is the previous year’s questions analysis of the English section of the SEBI Grade A exam.

SEBI Grade A English Difficulty Level

• English in SEBI Grade A is generally lighter, but not to be taken lightly.
• A tricky comprehension or unfamiliar vocabulary can waste time and cause avoidable errors.

Here’s how the difficulty level has looked over the last two years.

Based on our previous year’s questions analysis, here is an image highlighting the most, moderately, and least important English topics:

SEBI Grade A General Awareness (GA) Past Year Paper Analysis

• General Awareness includes current affairs, static GK, financial awareness, and SEBI-specific topics.
• A slightly better score here can give you a strong edge in clearing the cutoff.

Here is the previous year’s questions analysis of the general awareness section of the SEBI Grade A Phase 1 exam.

SEBI Grade A GA Difficulty Level

• The GA section in SEBI Grade A often surprises candidates.
• It combines current affairs, finance, and SEBI-related news, so generic material won’t help.
• Difficulty level depends on how well you’ve followed recent news. Varies based on the type of questions asked.

Here’s a quick look at how the level has varied in the last two exams.

Based on our PYQ analysis, here is an image highlighting the most, moderately, and least important general awareness topics:

SEBI Grade A Management Past Year Paper Analysis

• Management is a core subject in both Phases 1 and 2.
• Questions are mostly theory-based, focusing on foundational management functions and concepts.

Here is the previous year’s questions analysis of the management section of the SEBI Grade A Phase 1 and 2 exams.

SEBI Grade A Management Difficulty Level

• Management appears in both Phase 1 and Phase 2 of the SEBI Grade A exam.
• The weightage and depth differ between the two.

Phase 1:

• Questions are basic and fact-based.
• Easy to handle if you’ve covered the core concepts once.

Phase 2:

• Focus remains on standard theories, definitions, and models. The level is slightly deeper.

Here’s a quick look at how the difficulty has played out in recent years.

Based on our PYQ analysis, here is an image highlighting the most, moderately, and least important management  topics:

SEBI Grade A Finance Past Year Paper Analysis

• Finance appears in both Phase 1 and Phase 2 (Paper 2) of the SEBI Grade A exam.
• Questions are mainly conceptual, covering standard financial topics and recent financial news.
• There’s not much variation in topics, but the exact mix can change slightly year to year.

Here is the PYQ analysis of the finance section of the SEBI Grade A Phase 1 and 2 exams.

SEBI Grade A Finance Difficulty Level

• In both Phase 1 and Phase 2, the difficulty really comes down to how comfortable you are with the core concepts.

Here’s a quick look at how the level has varied in recent papers..

Based on our SEBI Grade A Phase 1 and 2 previous year question papers analysis, here is an image highlighting the most, moderately, and least important finance topics:

SEBI Grade A Commerce and Accountancy Past Year Paper Analysis

• Commerce and Accountancy questions are mostly theory-based and cover a wide range of topics.
• Practicing previous year questions (PYQs) helps you understand how the subject is tested in the exam.

Here is the PYQ analysis of the commerce and accountancy section of the SEBI Grade A Phase 1 and 2 exams.

SEBI Grade A Commerce and Accountancy Difficulty Level

• The difficulty level of Commerce and Accountancy in SEBI Grade A depends on your conceptual familiarity.
• Strong basics make the section manageable; weak fundamentals make it challenging.

Here is the year-wise distribution of easy, moderate, and difficult commerce and accountancy questions.

Based on our SEBI Grade A Phase 1 and 2 previous year question papers analysis, here is an image highlighting the most, moderately, and least important Commerce and Accountancy topics:

SEBI Grade A Costing Past Year Paper Analysis

• The Costing paper includes a mix of basic definitions and conceptual comparisons.
• Reviewing previous year questions is the best way to understand SEBI’s coverage and framing style for this subject.

Here is the SEBI Grade A Phase 1 and 2 previous year questions papers analysis of the costing section.

SEBI Grade A Costing Difficulty Level

• The difficulty level of the Costing section in SEBI Grade A varies each year.
• Studying previous year questions is the most reliable way to judge its level and pattern.

Here’s a quick look at how the difficulty level has been in recent years, based on memory-based papers:

Based on our SEBI Grade A Phase 1 and 2 previous year question papers analysis, here is an image highlighting the most, moderately, and least important Costing topics:

SEBI Grade A Company Law Past Year Paper Analysis

• Company Law questions are mostly theory-based, drawn from various parts of the Companies Act.
• The detail level varies, and there’s no fixed pattern for which chapters are asked.

Question types:

• Roles, responsibilities, and procedural aspects under specific sections.
• Basic definitions and compliance-related facts.

Here is the PYQ analysis of the company law section of the SEBI Grade A Phase 1 and 2 exams.

SEBI Grade A Company Law Difficulty Level

• The difficulty level of Company Law changes year to year.
• Questions come from different parts of the Companies Act.
• Some are easy if you’ve revised recently; others test your depth of understanding of specific provisions or sections.

Here’s a look at how the difficulty level has varied in recent papers, based on memory-based analysis:

Based on our SEBI Grade A Phase 1 and 2 previous year questions paper analysis, here is an image highlighting the most, moderately, and least important Company Law topics:

SEBI Grade A Economics Past Year Paper Analysis

• Economics questions focus on conceptual understanding, not deep graphs or numerical solving.
• The number of questions and weightage vary each year.
• Topics cover multiple areas, so preparation should be broad, not selective.

Here is the previous year’s questions analysis of the economics section of the SEBI Grade A Phase 1 and 2 exams.

SEBI Grade A Economics Difficulty Level

• Economics questions in SEBI Grade A are mainly theory-based.
• Their depth and framing vary from year to year.

Here’s how the difficulty level has looked in recent years, based on memory-based papers:

Based on our SEBI Grade A Phase 1 and 2 previous year questions paper analysis, here is an image highlighting the most, moderately, and least important Economics topics:

SEBI Grade A Descriptive English Past Year Paper Analysis

Generally, 3 questions are asked, one each from essay, precis, and reading comprehension

Essay topics asked in the SEBI Grade A 2022 exam:

• Mental health and its impact
• Role of banks in providing financial literacy
• Techno stress – its impact on students and teachers working in education
• About ARCs and their functions

Essay topics asked in the SEBI Grade A 2020 exam:

• Importance of teamwork
• Fake news and how to identify them
• Pros and cons of mergers and acquisitions of companies
• How to prevent financial crime with help of technology

SEBI Grade A Descriptive English Difficulty Level

The overall difficulty level of essay, precis, and reading comprehension asked in the SEBI Grade A is easy to moderate. 

SEBI Grade A Descriptive English Important Topics

Here are the most important topics for the SEBI Grade A descriptive English paper.

1. Essay

• Economic & Social Issues (Women Empowerment, Global warming, Healthcare, etc.)
• Science & Technology (AI, Electric Cars, Web)
• Current affairs (G20 economy, Budget, etc.)
• Finance & Economy (Fin-tech, E Rupi, etc.)

2. Precis

• Topics range from day to day topics and are taken from articles/magazines

3. Reading Comprehension

• Topics range from day to day topics and are taken from articles/magazines

How to Use SEBI Grade A PYQs for Your Preparation?

• If you’re serious about SEBI Grade A, treat previous year question papers as a core study tool, not a one-time glance.
• Regular practice helps you understand trends, refine accuracy, and focus on high-weight topics.

Here’s how to use these SEBI Grade A PYQs the smart way, not just to see what came, but to actually guide your entire prep:

1. Start by solving full papers

Attempt one full SEBI Grade A previous year paper set in exam-like conditions. Don’t just read through. Solve it with a timer and track your performance honestly.

2. Analyse what went wrong

Check which questions you got wrong and why. Was it a concept issue, a silly mistake, or time pressure? This is where the real improvement starts.

3. Spot the important topics

Go through 2–3 years of papers and see which topics show up again and again. Focus your prep around them. They matter more than the rest.

4. Use them as mocks

Once you’ve studied a subject, try a past paper section as a mini mock. This helps you test concepts in exam format and improves recall under pressure.

5. Build your question log

Keep a simple log of PYQ questions you found tricky or got wrong. Revise these regularly.  This is better than going back to full notes every time.

6. Track your progress

Come back to the same PYQ set after 2–3 weeks. See what’s changed. If you’re getting more answers right now, you know your prep is working.

7. Boost your confidence

The more familiar you get with actual SEBI papers, the less fear you’ll feel before the real exam. PYQs help reduce uncertainty and give you control.

A Little Note Before You Begin

When you’re preparing for something as competitive as SEBI Grade A, it’s easy to get lost in endless PDFs, YouTube videos, and toppers’ strategies. But if there’s one thing that cuts through the noise and shows you exactly what SEBI actually expects, it’s the previous year questions paper.

They show you what to study, how deep to go, and what’s honestly not worth stressing over.

So before you run after 10 different resources, slow down and go back to the basics. Solve the SEBI Grade A previous year papers. Make mistakes. Analyse them. Learn. That’s how real preparation happens.