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NISM NISM-Series-VII Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Market Microstructure | 12% | - Trading mechanisms and order types - Price discovery and market efficiency - Market indices and their calculation |
| Topic 2: Risk Management and Margining | 18% | - Types of risks in securities operations - Risk monitoring and control measures - Margining systems and methodologies |
| Topic 3: Trading Operations | 15% | - Order management and trade execution - Front office functions and processes - Client onboarding and KYC norms |
| Topic 4: Investor Protection | 7% | - Investor rights and grievances redressal - Mechanisms for dispute resolution - Investor education and awareness initiatives |
| Topic 5: Securities Market Overview | 10% | - Structure and segments of Indian securities market - Types of securities and products - Market participants and their roles |
| Topic 6: Regulatory Framework | 15% | - SEBI Act, Rules and Regulations - Code of conduct and ethical practices - Compliance requirements for intermediaries |
| Topic 7: Clearing and Settlement | 15% | - Clearing process and roles of clearing corporations - Delivery versus payment and settlement guarantee - Settlement cycle and mechanisms |
| Topic 8: Technology in Securities Markets | 8% | - Emerging technologies and their impact - Data security and business continuity - Systems for trading, clearing and settlement |
NISM NISM-Series-VII Exam: FAQ for Future Passers
NISM Series VII - Securities Operations and Risk Management Certification is an official National Institute of Securities Markets (NISM) certification exam, listed under the code NISM-Series-VII. Passing it earns the Securities Operations and Risk Management Certification certification at the Associate level. In an era of lifelong learning, this credential is one of the most efficient ways to prove your skills keep pace.
NISM Series VII - Securities Operations and Risk Management Certification gives you 100 questions across 120 minutes. The efficient approach: one to two hours of daily timed practice in the GetValidTest engine builds both the knowledge and the pacing, so exam day feels like simply another well-run session.
Passing NISM Series VII - Securities Operations and Risk Management Certification takes 50%, and the official registration fee is ₹1500 + GST. Retakes cost the full ₹1500 + GST again, so treat your GetValidTest practice scores as the decision-maker: book when the passing line sits below your everyday results, not your best ones.
The NISM Series VII - Securities Operations and Risk Management Certification syllabus is organized into 8 domains, led by Clearing and Settlement (15%), Investor Protection (7%), and Securities Market Overview (10%). The complete breakdown is above on this page; it is the fastest way to learn where your limited preparation hours belong.
No mandatory prerequisites; open to individuals aged 18 and above, regardless of educational background
Vendor policies are revised periodically, so verify the current requirements before registering via the official exam page.
Registration for NISM Series VII - Securities Operations and Risk Management Certification goes through the official channels below.
For planning: the exam is delivered Computer-Based Test (CBT), conducted at designated test centers across India.
National Institute of Securities Markets (NISM) recommends the following training for NISM Series VII - Securities Operations and Risk Management Certification candidates.
Follow any training with daily practice on the 334 questions in the GetValidTest NISM-Series-VII package; sorted by authorized expert groups, they turn course theory into exam-ready skill.
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NISM Series VII - Securities Operations and Risk Management Certification Sample Questions:
According to the eligibility criteria for 'Accredited Investors' in the Indian securities market, which of the following financial profiles satisfies the requirements for an Individual or HUF to obtain accreditation?
- A. Annual Income 2 INR 50 Lakhs AND Net Worth INR 5 Crore
- B. Net Worth 2 INR 7.5 Crore, out of which at least INR 3.75 Crore is in the form of financial assets
- C. Net Worth 2 INR 5 Crore, with no specific requirement for financial assets
- D. Annual Income INR 2 Crore, irrespective of Net Worth composition
- E. Annual Income 2 INR 1 Crore AND Net Worth 2 INR 3 Crore
Correct Answer: B 🗳️
Explanation: Only visible for GetValidTest members. You can sign-up / login (it's free).
In the General Clearing Process for the Cash Segment under the T+1 rolling settlement cycle, by what specific time must the custodial confirmation of trades be completed on the T+1 day?
- A. By 9:00 AM on T+1 Day
- B. By 1:30 PM on T+1 Day
- C. By 4:15 PM on T Day
- D. By 11:00 AM on T+1 Day
- E. By 7:30 AM on T+1 Day
Correct Answer: E 🗳️
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The Clearing Corporation (CC) provides the Early Pay-In (EPI) benefit to a client under the block mechanism based on specific matching criteri a. What data points does the CC match to grant this benefit?
- A. The CC matches the client level net obligations with the Block details provided by the depositories.
- B. The CC matches the client's available margin in the cash segment with the value of securities blocked.
- C. The CC matches the order time stamp with the block creation time stamp to ensure the block was created pre-trade.
- D. The CC matches the gross sell obligations of the Trading Member with the total quantity blocked in the depository system.
- E. The CC matches the trade ID provided by the Exchange with the execution date in the physical Delivery Instruction Slip.
Correct Answer: A 🗳️
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Which of the following instruments allows foreign companies to raise capital directly from the Indian securities market in Indian Rupees?
- A. Global Depository Receipts (GDRs)
- B. Indian Depository Receipts (IDRs)
- C. External Commercial Borrowings (ECBs)
- D. American Depository Receipts (ADRs)
- E. Foreign Currency Convertible Bonds (FCCBs)
Correct Answer: B 🗳️
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Regarding the 'Default Waterfall' in the context of the Net Settlement mechanism for Cash and F&O segments, which of the following statements is correct?
- A. Default losses are covered solely by the Investor Protection Fund (IPF) in the case of net settlement defaults.
- B. The Core Settlement Guarantee Fund (SGF) of the F&O segment is utilized first for any default arising from the net settlement obligation.
- C. Clearing Corporations continue to maintain segment-wise default waterfalls, and losses are computed on the basis of segment-wise obligations on a pro-rata basis.
- D. The default waterfall is triggered only after liquidating the defaulting member's proprietary assets across all exchanges.
- E. Clearing Corporations create a unified single default waterfall covering both segments to match the merged settlement.
Correct Answer: C 🗳️
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