MCX Certified Commodity Professional (MCCP) Exam FAQs
What is MCCP Certification?
MCX Certified Commodity Professional (MCCP) is a certification program for candidates who want to develop an insight into trading commodity futures, for those who want to pursue a trade or hedge in commodities, and for the candidates who wanted to make a career as a dealer or trader in a broking company.
What advantages does one get from the MCCP Certificate?
- Understanding the market dynamics
- Getting an insight into the working of commodity derivates markets
- Learning how to trade in commodity markets
- Understanding the strategy of price risk management
- Understanding the market operations properly
Who should take this exam?
This exam is most suitable for the following candidates-
- Commodity Brokers
- Treasury Executives
- Investors
- Candidates who are Portfolio Managers
- Investment Analysts
- Importers
- Exporters
- Hedgers
- Regulatory Staff
- Arbitrageurs
- Back Office Software Development Executives
- Fund Managers
- Credit Risk Managers and Students.
What is the scoring pattern for the exam?
- 90% or more – Grade A+
- 80% to less than 90% – Grade A
- 70% to less than 80% – Grade B+
- 60% to less than 70% – Grade B
- 50% to less than 60% – Grade C
What is the Rescheduling Policy for the exam?
If a candidate needs to reschedule the MCCP exam, they can do it only once at least 30 days prior to the scheduled date of the exam by contacting the Certification Cell ([email protected])
How to renew the MCCP Certificate?
- If the candidate needs to renew the certification after the validity period of 3 years is over, here are some points to keep in mind
- Firstly, the candidate will need to register for the exam again and provide your existing MCX ID in the application form
- The candidate is supposed to answer 20 questions in a duration of 35 minutes.
- In this exam, the candidates will get 5 marks for each correct answer and there will be no negative marking for the incorrect answers.
- Exam questions are prepared randomly from a question bank.
- The passing score for this exam is 50.
What is the course outline?
- Module 1: Studying the commodity derivatives market
- Module 2: Understanding aspects of risk management in the derivatives market
- Module 3: Understanding the functions of the futures derivative exchange
- Module 4: Learning the concept of warehousing and innovative products.
What is the MCCP exam duration?
The candidates are supposed to complete the exam in a total of 90 minutes.
How many questions come in the exam?
The exam comprises 50 questions.
How is the scoring done for the exam?
All the incorrect answers get negative marking and no score for unattempted answers.
When does the certificate expire?
The MCCP Certification has a validity period of 3 years.
What is the exam format?
There are multiple-choice or multiple-response questions in this exam.
What is the passing score for this exam?
The candidates need to score 50% or more in order to pass the exam successfully.
In what languages is the exam conducted?
The exam is conducted in various languages such as English, Japanese, Chinese (Simplified), Korean.
