SEBI Grade A Mains Exam Analysis 2026, Difficulty Level Review and Good Attempts

The SEBI Grade A Mains Exam 2026 has been conducted successfully on 21st February 2026. This article on SEBI Grade A Mains Exam Analysis 2026 provides a complete breakdown based on feedback received from students across exam centres. Our expert team connected with aspirants who appeared for the exam and compiled a thorough analysis based on their feedback. Candidates who appeared for the SEBI Grade A Phase 2 examination can now check the detailed review of the paper, including difficulty level, section-wise analysis, and expected good attempts

SEBI Grade A Mains Exam Analysis 2026

The exam was conducted in online mode, and candidates were required to attempt both objective and descriptive sections, depending on the stream applied for. As per feedback from candidates who appeared in the first shift, the overall level of the SEBI Grade A Mains Exam ranged from moderate to difficult. The SEBI Grade A Phase 2 examination is conducted in two parts: Paper 1 (Descriptive) and Paper 2 (Objective/MCQ-based).

A detailed exam analysis helps candidates understand the overall paper pattern, the types of questions asked in each section, and the difficulty level of the exam. It also helps them estimate how many good attempts are needed for a safe score and predict the expected cut-off marks.SEBI Grade A Mains Exam Analysis 2026 – Paper 1

SEBI Grade A Mains Exam Difficulty Level and Good Attempts

Based on the feedback received from candidates, the difficulty level and good attempts for the NABARD Grade A Phase 2 exam are mentioned below:

SEBI Grade A Mains Exam Analysis (Paper-Wise)

Each paper, as per the SEBI Grade A Phase 2 exam pattern, carries significant weightage in the final selection process. Below, we have provided a detailed paper-wise analysis of SEBI Grade A Mains Exam 2026:

SEBI Grade A Mains Exam Analysis 2026 for Paper 1

In Paper 1, candidates were required to attempt descriptive questions. The essay section had a word limit of 250-300 words. The topics asked in the exam were:

• Essay on Social Media Influence: Political Discourse and Public Opinion
• Discussion on whether High-Speed Rail can replace Air Travel
• Commentary on the growing number of High Net Worth Individuals (HNIs) in India

SEBI Grade A Mains Exam Analysis 2026 for Paper 2

Paper 2 included questions from the following areas:

• Expense Ratio
• Real Inflation Rate
• Fiedler’s Contingency Model
• Money Multiplier
• Snob Effect
• Bandwagon Effect
• Planning Process and its Stages
• Maslow’s Theory of Motivation
• Accounts-related concepts
• Full Form of SMART
• BNF
• Herzberg’s Two-Factor Theory
• Umbrella Effect
• Accounting and Costing
• Current Affairs
• SEBI Circulars (statement-based questions)
• Key facts related to RBI

What’s Next After SEBI Grade A Mains?

Candidates who will clear the Main examination will be shortlisted for the next stage of the selection process, which is the Interview Round. The final selection for NABARD Grade A Recruitment 2026 is based on the marks scored in the Phase 2 exam, as well as the Interview Round.