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NISM NISM-Series-VII Exam Overview:
| Certification Vendor: | National Institute of Securities Markets (NISM) |
| Exam Name: | NISM-Series-VII: Securities Operations and Risk Management Certification Examination |
| Exam Number: | NISM-Series-VII |
| Related Certifications: | NISM-Series-I: Currency Derivatives Certification Examination NISM-Series-II: Registrars to an Issue and Share Transfer Agents - Corporate Certification Examination NISM-Series-III: Securities Intermediaries Compliance (Non-Fund) Certification Examination NISM-Series-IV: Interest Rate Derivatives Certification Examination NISM-Series-V-A: Mutual Fund Distributors Certification Examination NISM-Series-V-B: Mutual Fund Foundation Certification Examination NISM-Series-VI: Depository Operations Certification Examination NISM-Series-VIII: Equity Derivatives Certification Examination NISM-Series-IX: Merchant Banking Certification Examination NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination NISM-Series-XI: Equity Sales Certification Examination NISM-Series-XII: Securities Markets Foundation Certification Examination |
| Exam Format: | Multiple Choice Questions |
| Available Languages: | English |
| Exam Price: | ₹1,500 |
| Passing Score: | 50% |
| Certificate Validity Period: | 3 years |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 100 |
| Sample Questions: | NISM NISM-Series-VII Sample Questions |
| Exam Way: | Online (Computer-based) at NISM test centers |
| Pre Condition: | Associated persons of a registered stock-broker / trading member/clearing member in recognized stock exchanges, involved in: assets or funds of investor or clients; redressal of investor grievances; internal control or risk management; activities having a bearing on operational risk. Also open to interested students/professionals and other individuals. |
| Official Syllabus URL: | https://www.nism.ac.in/securities-operations-and-risk-management |
NISM NISM-Series-VII Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Management | - Risk management in a securities broking firm
|
| Indian Securities Market | - Overview of the Indian securities market
|
| Trade Life Cycle | - Steps and participants involved in the trade life cycle
|
| Regulatory Framework | - Role of the Securities and Exchange Board of India (SEBI)
|
| Securities Broking Operations | - Front Office, Middle Office and Back Office functions in a Securities Broking Firm
|
| Investor Grievance Redressal | - Process of investor grievances redressal
|
NISM Series VII - Securities Operations and Risk Management Certification Sample Questions:
1. In the context of the Indian Money Market, issuers must adhere to specific credit rating requirements to issue Commercial Paper (CP).
What is the minimum credit rating required from a Credit Rating Agency (CRA) for the issuance of CPs?
A) AAA
B) A3
C) A2
D) BBB
E) A1
2. According to RBI guidelines for issuance, which of the following combinations correctly specifies the minimum denomination, maturity range, and minimum credit rating required for a Commercial Paper (CP)?
A) ?5 lakh and multiples thereof; 7 days to 1 year; Rating 'A3'
B) ? 1 lakh and multiples thereof; 15 days to 1 year; Rating 'A2'
C) ?5 lakh and multiples thereof; 15 days to 3 years; Rating 'A3'
D) ?25 lakh and multiples thereof; 30 days to 1 year; Rating 'A1'
E) ? 10 lakh and multiples thereof; 7 days to 1 year; Rating 'AA'
3. To calculate the Adjustment Factor for a **Rights Issue** in the Equity F&O segment, the 'Benefits per share (E)' must first be determined. Which formula correctly represents the calculation of 'E'?
A) 
B) 
C) 
D) 
E) 
4. To increase efficiency and reduce the time duration from issue closure to listing, a new timeline was introduced for public issues opening on or after December 1, 2023. What is this mandated timeline for listing?
A) T+5 days
B) T+6 days
C) T+1 days
D) T+3 days
E) T+2 days
5. When a stock broker's collateral utilization breaches the specific percentage (currently 90%), the 'Risk Reduction Mode' is triggered. Which of the following operational restrictions and conditions apply during this mode? (Select all that apply)
A) All unexecuted orders shall be cancelled immediately.
B) Fresh orders placed by the member to reduce the open position will be accepted.
C) Only orders with 'Immediate or Cancel' (IOC) attribute are permitted.
D) Client and Custodial Participant code modification is permitted to rectify errors.
E) Non-margined orders are accepted without restriction to maintain liquidity.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: A,B,C |
By Hale
