How to Prepare for Back Office Operations Module (Intermediate) Practice Exam?

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How to Prepare for Back Office Operations Module (Intermediate) Practice Exam_

NCFM certification is granted by the National Stock Exchange of India (NSE). The NCFM stands for NSE Academy Certification in Financial Markets. Though now, the NSE grants a broad range of Certifications, not restricted to Financial Markets.  However, right now, our focus is on the Back Office Operations Module (Intermediate) Practice Exam. 

Whereas, the NCFM modules currently comprises 11 Foundation, 21 Intermediate, and 15 Advanced certifications programs. However, the candidate needs to pass the appropriate exam, at any of NSE’s testing centres to obtain the certification. There are a lot of candidates out there watching for a sustainable profession in the security and financial market field. And, finding a good exam reference in this field is not that easy. In effect, there are professional exams, specifically designed for candidates who want to begin their career in the security market grant by NCFM. The Back Office Operations Module (Intermediate) Practice Exam provides a complete and in-depth knowledge about the back-office operations in the securities markets. And, in this article, the candidate will get to understand all the details about the Back Office Operations Module (Intermediate) Practice Exam.Also, how the candidate can start preparing for the Back Office Operations Module (Intermediate) Practice Exam.

Back Office Operations Module

Benefits of NCFM 

NSE Certifications like NCFM Backoffice Operations Module Certification Exam are suitable for a person watching for a career in finance and banking management. 

However, not only do the companies watch for better individuals, but they further value people with extra certifications and expertise. 

Comprehensive marketplace

NSE offers complete coverage of the Indian capital markets crosswise asset classes, including fixed income, equity and derivative securities.

Further, it has a fully-integrated market model including trading services, exchange listings, indices, clearing and settlement services, technology solutions, market data feeds and financial education offerings.

Scale of operations

The balance and breadth of NSE’s commodities and services, its continued leadership positions over multiple asset companies in India. 

Also, NSE’s trading technology and risk supervision framework offer a faster and automated performance of orders which delivers reduced impact costs for extensive trade orders.

Unparalleled reach

NSE has a pan-India, high-speed system operating more than 181,524 terminals by VSAT-based connectivity, used line terrestrial-based connectivity and multiprotocol label switching activities. 

Broadcast facility for corporate announcements

Corporate improvements such as book closure, financial results, announcements of bonus, takeover, rights, mergers etc. are scattered across the country thus minimizing range for price manipulation or misuse.

Trade statistics for listed companies

Registered companies are furnished with monthly trade statistics for all the securities of the company pitched on the Exchange.

Investor service centres

Twenty-Four investor-service midpoints introduced by NSE crosswise the country cater to the obligations of investors.

About Back Office Operations Module (Intermediate) Practice Exam

NCFM grants training modules to test the candidate’s skills and knowledge in the security market. 

Hence, with introducing the Back Office Operations Module (Intermediate) Exam, NCFM has provided individuals with a path to begin their career in the Security market.

Moreover, it is very important that if a candidate is giving their best in clearing the certification Back Office Operations Module (Intermediate) Practice Exam then it should be worth the knowledge and skills they receive. 

Also, one important thing about the Back Office Operations Module (Intermediate) Exam is that this certification course will help the candidate to provide the required knowledge and skills for getting a good job.

Additionally, below the candidate will get to know why they should take this exam:

  • Firstly, in this exam, they will get comprehensive and detailed knowledge about back-office operations.
  • Secondly, it will let them know about diverse types of activities and primary concerns that are driven in the primary market.
  • Moreover, the candidate will also get an overview of multiple operational activities and get knowledge on post-trade activities in the market.

Exam Details 

So, before the candidate moves on to prepare for the Back Office Operations Module (Intermediate) Practice Exam, it is very important to collect all the information relevant to the exam. 

Thus, lets first understand the Back Office Operations Module (Intermediate) Practice Exam format moving forwards

Clearly, it is an objective type exam with almost 60 questions that are needed to be completed in approximately 2 hours time. All the NCFM Backoffice Operations Module Exam Questions are in multiple choice format.

Also, remember this is an intermediate exam with the validity of 5 years. 

Back Office Operations Module

Once the candidate has got the clarity of the Back Office Operations Module (Intermediate) Practice Exam format, we shall then discuss the exam structure and course outline for a more reliable overview.

Who will benefit from this course?

  • First of all, Students
  • Also, Teachers
  • Further, Employees of brokers and sub-brokers
  • In addition, Employees of Mutual Funds
  • Moreover, Finance Professionals
  • Lastly, Anybody has an interest in this subject

NCFM Backoffice Operations Module Course Outline 

The classification of domains or objectives in the Back Office Operations Module (Intermediate) Practice Exam is rightly perfect for observing the technical skills and knowledge of applicants. 

Hence, we are making things right for you and listing down the course outline. 

Back Office Operations Module

Know Your Client, Anti-Money Laundering & Combating Financing of Terrorism

  • Principles
  • Also, client Due Diligence
  • Further, customer Policy
  • Moreover, clients of Acceptance Special Category (CSC)
  • Then, client Identification Procedure (CIP)
  • In addition, client Registration
  • As well as, changes in Client Information
  • Together with, KYC Registration Agencies (KRA)
  • Equally, suspicious Transactions Reporting (STR)
  • Furthermore, designated Individuals & Entities
  • Additionally, record Keeping

Primary Market

  • Types of Issues
  • And, time-line for Public Issue
  • Also, public Issue Process
  • Further, buy-Back of Securities
  • Moreover, common Bid-cum-Application Form
  • In addition, ASBA

Secondary Market (Trading in Shares)

  • Trading Members & Clearing Members
  • Authorised Persons & Sub-brokers
  • National Stock Exchange
  • Uniform Documentation for Opening Trading Account
  • Screen-based Trading System (SBTS)
  • Trade Management
  • Exchange Margins
  • Market Types
  • Trading Member’s Responsibilities for Trades
  • Margin Trading
  • Settlement

Depository Operations

  • Depository and Issuer
  • Likewise, depository Participant
  • Also, transactions

Registrar & Transfer Agent

  • Firstly, role & Responsibilities
  • Secondly, voting Rights in Companies
  • Also, dividend Payments in Companies
  • And, physical Shares

Mutual Fund: AMC Operations

  • Legal Structure
  • Also, expenses
  • Dividend Options
  • Load
  • Further, offer Documents
  • Investor Transactions (NSE MFSS Channel)
  • In addition, dividend Mechanics
  • Net Asset Value (NAV)
  • Together with, Income Distribution Tax
  • RTA Role
  • Identically, Investor Transactions (Normal Physical Mode)
  • Cut-off Time Regulations
  • Moreover, Official Points of Acceptance (PoA)
  • Time Stamping
  • Furthermore, the Distributors’ Commission
  • Securities Transaction Tax (STT)
  • Bank Accounts
  • And, other Back-Office Activities

Mutual Fund Transactions through NSE

  • Listed Schemes
  • Exchange-Traded Funds (ETFs)
  • Mutual Fund Service System (MFSS)

Qualified Foreign Investors – Equity Shares

  • Background
  • Then, permitted Transactions
  • Also, investment Restrictions
  • Further, administration of Investment Limit
  • In addition, other Conditions
  • Moreover, transaction Flow

Qualified Foreign Investors – Mutual Funds

  • Background
  • Investment Limit
  • Transaction Flow
  • Other Conditions

Steps for Preparing the Back Office Operations Module Exam

Before starting, planning is the most essential thing that is needed is a clear and aimed mindset. 

After that, reach on to the next step that is building a good study plan for the Back Office Operations Module (Intermediate) Practice Exam. 

Meanwhile, the candidate can use different websites for absorbing as much information as they can. 

Further, the easiest way of receiving study resources is online. This description explains it all.

Together with, the candidate can use the internet to hunt for Online Training programs for preparing better certification assistance.

Back Office Operations Module

Get a better understanding of Objectives 

The candidate should do some research on the related topics of Back Office Operations Module (Intermediate) Practice Exam so that while preparing at least they have an idea. 

Most importantly, doing this will provide the candidate benefits in identifying exactly what is happening in that particular topic.

Meanwhile, they can use various websites for devouring as much information as they can.

For making it easy, we are listing the objectives of the Back Office Operations Module (Intermediate) Practice Exam here:

  • Know Your Client, Anti-Money Laundering & Combating Financing of Terrorism
  • Primary Market
  • Secondary Market (Trading in Shares)
  • Depository Operations
  • Registrar & Transfer Agent
  • Mutual Fund: AMC Operations
  • Mutual Fund Transactions through NSE
  • Qualified Foreign Investors – Equity Shares
  • Qualified Foreign Investors – Mutual Funds

Visit the NCFM official page

The official site is the main source of information. The candidate should visit the NCFM office page in order to successfully pass the Back Office Operations Module (Intermediate) Practice Exam. 

Also, they can find basic exam knowledge, skills and knowledge assessed in the exam, exam requirements, examination study groups, etc. 

Training Program 

The trend of getting certified as developed so much in the past few years. 

As a result, many websites and vendors have started providing certification training to pass the Back Office Operations Module (Intermediate) Practice Exam in which the candidate gets sets of practice questions and expert assistance, etc. 

As a result, the candidate can opt for any of the training programs which they want. 

In addition, NCFM provides online life and recorded classes, so that the applicant doesn’t need to go somewhere else to prepare. 

Try Practise test

Practise test is the most important step while preparing for such an exam like the Back Office Operations Module (Intermediate) Practice Exam. 

Also, this will not only help the candidate to understand the concepts but also improve their question-answering skills.

Subsequently, side by side creates a plan for practising problems because this will help the candidate to know their weak and strong area. 

Further, after that work on updating those weak areas so that it does not produce any difficulty in the NCFM Backoffice Operations Module Mock Test

In addition, there are several free practise tests available on the internet today, the c. andidate can opt any of them upon their preference. 

Stay Focused and Practise Daily 

The statement is all about how serious the candidate is for passing the certification. Also, they need to study and focus on the concepts they are learning. If the candidates are able to surmise the things then it will automatically become accessible to prepare. As you know, self-study is all that matters. 

So, the candidate can start slowly by providing 2-3 hours a day to study and then increasing it respectively.

Final Words 

NCFM program is an online testing, examination and certification program that examines the practical knowledge and skills needed to operate in the financial markets. Also, the NCFM program works on our intranet and is managed through the designated test centres located over India. So, let’s get started and practise as much you can. CLICK HERE FOR free NCFM Backoffice Operations Module Practice Tests! 

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Learn and enhance your Back Office Operations Module (Intermediate) Practice Exam skills. Become a Certified professional from NCFM Now!

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