NISM Series-VII:Securities Operations and Risk Management Exam FAQs
What is the NISM Series-VII:Securities Operations and Risk Management exam ?
The NISM Series-VII:Securities Operations and Risk Management examination sets a minimum knowledge standard as requisite criteria for people in association with a registered stock-broker / trading member / clearing member in recognized stock exchanges, involved in the following:
(1) assets or funds of investor or clients
(2) redressal of investor grievances
(3) internal control or risk management
(4) activities having a bearing on operational risk.
What skills does NISM Series-VII:Securities Operations and Risk Management exam impart?
Passing this examination will enable you to-
- Understand the fundamentals of Indian securities market, the different products traded, different market participants and the respective roles which they play in the Indian securities market.
- Know about the regulatory framework and also the role of the Securities Exchange Board of India.
- Understand the process of investor grievances redressal.
- Gain knowledge of the various functions of the Front Office, Middle Office and Back Office in a Securities Broking Firm.
- Know the trade life cycle, the steps along with the participants involved in the trade life cycle and also the role of the back office in a securities broking firm.
- Understand how risk management is done in a securities broking firm, the clearing and settlement process.
Which professional groups are targeted in this exam?
This exam is basically intended for the following groups-
- People in association with registered stock-broker / trading member/clearing member in recognized stock exchanges
- Students
- Person involved in: assets or funds of investor or clients; internal control or risk management; redressal of investor grievances; activities having a bearing on operational risk.
- Industry professionals
- Interested individuals
What is the syllabus of this exam?
The syllabus of exam has been categorized in various sections and subsections. So, let’s look into the various domains of the exam as follows:
1: Introduction to the Securities Market
2: Market Participants in the Securities Market
3: Introduction to the Securities Broking Operations
4: Risk Management
5: Clearing Process
6: Clearing Process
7: Investor Grievances and Arbitration
8: Other Services Provided by Brokers
What is the duration for completion of NISM Series-VII:Securities Operations and Risk Management exam?
The time duration of the exam is 2 hours .
What kind of questions come in this exam?
Moreover, the questions asked in the exam are all multiple-choice type questions.
How can one schedule the NISM certification exam?
You can apply for the exam following the steps given below:
- Register with the NISM Portal
- Use your email address and password to login
- Check availability of seats
- Schedule the test or enroll online
- Make payment using Credit Card / Debit Card/ Net Banking
- Download the Admit Card
- Download the Study material
- Access Exam Results
How can one reschedule the NISM certification exam?
You can reschedule your scheduled exam on your own by logging into NISM portal four days prior to the date of a scheduled exam.
So, you may be offered rescheduling of the exam subject to availability of slots and that too only in certain cases such as:
1. Significant / prolonged disruption of internet / power at the test center
2. Non-availability of NISM’s examination application due to scheduled or unscheduled maintenance
3. Inability of NISM or test administrator to conduct examination/s because of circumstances like natural disasters, law and order situation etc.
How much do one need to score in order to pass the exam?
The passing score for the exam is 50%.
How can one apply for special accommodation at NISM ?
If you require special accommodation while appearing for NISM Series-VII:Securities Operations and Risk Management exam then you are required to inform NISM regarding the same. Therefore, you have to send the Special Accommodation form to NISM at least 30 days in advance in order to get assistance for special accommodations. So, you will be given the approval/denial for Special Accommodation by NISM after assessing its need at its sole discretion.
Where can one find the sample exams for NISM Series-VII:Securities Operations and Risk Management exam?
You can look for sample test papers at the official website of NISM. This will help you in getting familiar with the pattern of exam and would enable you to prepare for the exam better.
How many questions does this exam asks?
100 questions
How can one prepare for this exam?
In order to prepare for the exam, you can follow series of steps given below:
- Go through the topics of exam
- Review the basic details
- Make use of the following study resources
- NISM provides it’s workbooks for studying. You can order these workbooks online through Taxmann Publications Private Ltd.
- You can look for model test papers at NISM. This will help you in getting familiar with the pattern of exam and would enable you to prepare for the exam better.
- Alongside, you can also go for online trainings provided by different platforms. This will help you in learning the basics at at greater pace. Moreover, self-study can also do the needful.
- Join study groups
- Solve practice tests
What does Testpreptraining offer for this exam?
Well, Testpreptraining offers variety of professionally designed practice tests. These frame of these tests is in a way to provide you unique set of challenging questions that will help you not only in evaluating your level of preparation but also in boosting confidence. You can even create your own practice tests at the website. Thus, the actual exam seems like another practice test and it becomes easy to crack the exam in one go.
