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NISM NISM-Series-VII Exam Overview:

Certification Vendor:National Institute of Securities Markets (NISM)
Exam Name:NISM-Series-VII: Securities Operations and Risk Management Certification Examination
Exam Number:NISM-Series-VII
Available Languages:English
Exam Format:Negative marking: 25% per wrong answer, Multiple Choice Questions (MCQs)
Exam Duration:120 minutes
Real Exam Qty:100
Exam Price:₹1500 + GST
Passing Score:50%
Certificate Validity Period:3 years
Recommended Training:Official NISM Study Material & Workbook
Exam Registration:NISM Certification Portal
Sample Questions: DOWNLOAD DEMO
Exam Way:Computer-Based Test (CBT), conducted at designated test centers across India
Pre Condition:No mandatory prerequisites; open to individuals aged 18 and above, regardless of educational background
Official Syllabus URL:https://www.nism.ac.in/securities-operations-and-risk-management/

NISM NISM-Series-VII Exam Syllabus Topics:

SectionWeightObjectives
Market Microstructure12%- Price discovery and market efficiency
- Trading mechanisms and order types
- Market indices and their calculation
Regulatory Framework15%- SEBI Act, Rules and Regulations
- Compliance requirements for intermediaries
- Code of conduct and ethical practices
Investor Protection7%- Mechanisms for dispute resolution
- Investor education and awareness initiatives
- Investor rights and grievances redressal
Technology in Securities Markets8%- Data security and business continuity
- Emerging technologies and their impact
- Systems for trading, clearing and settlement
Risk Management and Margining18%- Types of risks in securities operations
- Risk monitoring and control measures
- Margining systems and methodologies
Trading Operations15%- Client onboarding and KYC norms
- Front office functions and processes
- Order management and trade execution
Clearing and Settlement15%- Settlement cycle and mechanisms
- Delivery versus payment and settlement guarantee
- Clearing process and roles of clearing corporations
Securities Market Overview10%- Structure and segments of Indian securities market
- Types of securities and products
- Market participants and their roles

NISM-Series-VII Exam FAQ: Clear Answers

The official NISM Series VII - Securities Operations and Risk Management Certification outline splits the exam into 8 domains, led by Market Microstructure (12%), Regulatory Framework (15%), and Risk Management and Margining (18%). The complete breakdown is in the topics section above; Lead2PassExam's 334 practice questions cover every domain listed.

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The NISM Series VII - Securities Operations and Risk Management Certification exam includes 100 to answer within 120 minutes. Rehearsing that pace in the Lead2PassExam Desktop Test Engine turns time pressure into a familiar routine.

No mandatory prerequisites; open to individuals aged 18 and above, regardless of educational background Rules are updated occasionally, so confirm the current requirements on the official NISM exam page before you book.

Lead2PassExam issues a full refund if you take the NISM Series VII - Securities Operations and Risk Management Certification exam within 60 days of purchase and do not pass. The process is simple: submit a scan of your enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. The policy does not apply if the exam is taken within 3 days of purchase, if the exam was never actually taken, or to free materials or expired orders, and the candidate name must match the payer name. Prefer to keep studying? Exchange for two free exam products of equal value and keep your original update service. Orders arrive by email within 1 minute — contact support if nothing arrives within 2 hours.

The NISM-Series-VII exam is a NISM certification exam validating the knowledge in the NISM Series VII - Securities Operations and Risk Management Certification syllabus shown above. Candidates take it to prove their skills to employers in 2026's market, and Lead2PassExam prepares them with 334 practice questions in PDF, Desktop Test Engine, and Online Test Engine formats.

NISM recommends these training resources for the NISM Series VII - Securities Operations and Risk Management Certification exam:

Combine the official training with the 334 practice questions from Lead2PassExam — that pairing reveals what you have truly absorbed.

Computer-Based Test (CBT), conducted at designated test centers across India Register for the NISM Series VII - Securities Operations and Risk Management Certification exam through these official channels:

After booking, your Lead2PassExam practice questions arrive by email within 1 minute — preparation can begin immediately.

The NISM Series VII - Securities Operations and Risk Management Certification exam requires 50% to pass, and registration costs ₹1500 + GST. Retakes cost the same again, so a readiness check with the Lead2PassExam practice engines is a worthwhile step before booking.

NISM Series VII - Securities Operations and Risk Management Certification Sample Questions:

A Trading Member (TM) has the following positions in a specific stock futures contract at the end of a trading day:
Proprietary Account: Buy 2000, Sell 1500
Client A: Buy 1000, Sell 1200
Client B: Buy 500, Sell 100
Based on the methodology for determining the open positions of clearing members in the derivatives segment, what is the TM's 'Open Position' for this contract?

  • A. 500 contracts (Net Proprietary Position only)
  • B. 700 contracts (Net Proprietary + Net Client Position)
  • C. 6300 contracts (Gross Buy + Gross Sell of all accounts)
  • D. 900 contracts (Gross Proprietary + Net Client Position)
  • E. 1100 contracts (Net Proprietary + Absolute Net Client Long + Absolute Net Client Short)
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

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Clearing Corporations are required to conduct various tests to ensure the adequacy of the Core SGF. What is the specific purpose of the 'Reverse Stress Test' as defined in the risk management framework?

  • A. To determine the daily settlement price of illiquid futures contracts.
  • B. To calculate the historical volatility of the most liquid securities over the past 5 years.
  • C. To validate the accuracy of the software used for margin calculation.
  • D. To identify under which market conditions and scenarios the combination of margins, Core SGF, and other financial resources would prove insufficient.
  • E. To test the operational capability of the backup disaster recovery site.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Regarding the settlement timelines for Mutual Fund transactions executed on the Stock Exchange platform, which of the following statements accurately describes the funds pay-in requirement for subscription and the funds pay-out timeline for redemption?

  • A. Funds pay-in for subscription: T+2; Funds pay-out for redemption: T+3.
  • B. Funds pay-in for subscription: T+1 ; Funds pay-out for redemption: T+2.
  • C. Funds pay-in for subscription: T+1 ; Funds pay-out for redemption: T+1 for all schemes.
  • D. Funds pay-in for subscription: T+0; Funds pay-out for redemption: T+1 to T+7 depending on the scheme.
  • E. Funds pay-in for subscription: T+0; Funds pay-out for redemption: T+0 for Liquid funds and T+2 for Equity funds.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for Lead2PassExam members. You can sign-up / login (it's free).

In the context of adjustments for corporate actions such as Bonus, Rights, or Mergers in the Equity F&O segment, at what specific point in time is the adjustment carried out?

  • A. On the date of the Board Meeting where the corporate action was announced.
  • B. On the Ex-Date of the corporate action before the start of market hours.
  • C. On the last day on which a security is traded on a 'cum' basis in the underlying equities market after the close of trading hours.
  • D. On the payout date of the relevant settlement cycle.
  • E. On the Record Date fixed by the company for the corporate action.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for Lead2PassExam members. You can sign-up / login (it's free).

Select the correct statements regarding the 'Settlement of Funds' and 'Mode of Payment' compliance requirements for stock brokers.
(Select all that apply)

  • A. Authorization for maintaining a running account can be signed by the client's Power of Attorney (POA) holder.
  • B. Brokers are permitted to accept cash from clients for margin purposes up to Rs. 20,000.
  • C. For clients with outstanding obligations on the settlement date, the broker may retain the requisite funds towards such obligations.
  • D. Brokers must maintain an audit trail of funds received through electronic fund transfers to ensure they are from the client's own account.
  • E. All payments from/to clients must be strictly by account payee crossed cheques/demand drafts or direct credit into the bank account.
Reveal Solution  Discussion  0

Correct Answer: C,D,E  🗳️

Explanation: Only visible for Lead2PassExam members. You can sign-up / login (it's free).

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