NISM Series I Currency Derivatives Certification Exam: Complete Guide to NISM Derivatives Exam Preparation
The NISM Series I: Currency Derivatives Certification Examination is a crucial benchmark for professionals entering the NISM currency derivatives space. This NISM derivatives exam focuses on building expertise in currency markets, exchange-traded currency derivatives, and their trading, operational, and regulatory aspects. Whether you’re aiming for the NISM Series 1 certification or preparing via NISM currency derivatives mock test resources, it equips you with skills to boost investor services, streamline operations, and strengthen risk management in India’s dynamic forex landscape.
Key Examination Objectives for NISM Certification
- Develop a strong foundation in currency markets, with emphasis on exchange-traded currency derivatives.
- Grasp the intricacies of trading, clearing, and settlement in NISM currency derivatives markets.
- Explore effective investment strategies leveraging currency futures and options.
- Navigate the regulatory environment shaping India’s exchange-traded currency derivatives sector. For in-depth details, check the official NISM portal via NISM certification login or NISM login after completing NISM registration.
Assessment Structure for the NISM Derivatives Exam
| Exam Component | Details |
|---|---|
| Total Marks | 100 |
| Number of Questions | 100 (1 mark each) |
| Exam Duration | 2 hours |
| Negative Marking | 25% per incorrect answer |
| Passing Score | 60% |
Additional Notes: Secure your NISM certificate download only after linking your Income Tax Permanent Account Number (PAN) during NISM registration. Stay updated on the latest NISM exam date through the official site.
Syllabus Outline with Weightages for NISM Series 1
| Unit No. | Unit Name | Weightage (%) |
|---|---|---|
| 1 | Introduction to Currency Markets | 10 |
| 2 | Foreign Exchange Derivatives | 8 |
| 3 | Exchange Traded Currency Futures | 10 |
| 4 | Exchange Traded Currency Options | 10 |
| 5 | Strategies Using Currency Derivatives | 12 |
| 6 | Trading Mechanism | 10 |
| 7 | Clearing, Settlement & Risk Management | 10 |
| 8 | Regulatory Framework | 10 |
| 9 | Accounting and Taxation | 5 |
| 10 | Code of Conduct and Investor Protection | 5 |
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FAQs for NISM Series I: Currency Derivatives Certification Exam
The NISM Series I exam is designed to establish a minimum knowledge standard for professionals working in the currency derivatives market, focusing on exchange-traded currency derivatives, trading mechanisms, and regulatory frameworks in India.
This exam is ideal for individuals involved in trading, clearing, or settlement of currency derivatives, including brokers, dealers, and those seeking to enhance their understanding of currency markets.
The exam consists of 100 questions, each carrying 1 mark, with a duration of 2 hours. It has a 25% negative marking for incorrect answers, and a passing score of 60% is required.
The syllabus includes Introduction to Currency Markets (10%), Exchange Traded Currency Futures and Options (20%), Strategies Using Currency Derivatives (12%), Trading Mechanism (10%), Regulatory Framework (10%), and more. Refer to the syllabus outline for detailed weightages.
Yes, candidates must provide or update their Income Tax Permanent Account Number (PAN) in their registration details to receive the passing certificate.
Use resources like nismmocktests.in, which offers 800+ realistic practice questions, HD video lectures, concise revision notes, and 15 retakes per set to build confidence and mastery.
The comprehensive preparation toolkit, including mock tests, video lectures, and revision notes, is available for just FREE for now.
The preparation package is valid for 15 days, making it ideal for focused and time-bound exam preparation.
For every incorrect answer, 25% of the question’s marks (0.25 marks) are deducted, so accuracy is crucial while attempting the exam.
For official details, visit the NISM website (https://www.nism.ac.in/). For preparation resources, explore nismmocktests.in to access mock tests and study materials.