NISM-Series-1: Currency Derivatives Mock Tests

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The NISM-Series-I: Currency Derivatives Certification Examination is designed to establish a minimum knowledge benchmark for individuals working in the currency derivatives segment.

Examination Objectives:

On successful completion of the examination, a candidate should:

  • Know the basics of currency markets and specifically Exchange Traded Currency Derivatives (ETCD) markets.
  • Understand the mechanisms related to trading, clearing, and settlement for ETCD markets, as well as basic investment strategies using currency futures and options.
  • Know the regulatory environment in which ETCD markets operate in India.

Assessment Structure:

The detailed structure of the assessment is as follows:

  • Total Marks: 100 marks.
  • Number of Questions: 100 questions (1 mark each).
  • Duration: 2 hours.
  • Negative Marking: 25% of the marks assigned to each question (i.e., 0.25 marks deducted for every wrong answer).
  • Passing Score: 60%.
  • Format: The workstations at test centres are equipped with Microsoft Excel or Open Office Calc for numerical computations.

Index Table Structure:

The following table outlines the chapters as listed in the workbook. Please note that the source material does not specify individual marks/weightage per chapter; however, it confirms the total marks for the entire examination.

Chapter No Chapter Name Weightage (marks)
1 Introduction to Currency Markets Not specified
2 Foreign Exchange Derivatives Not specified
3 Exchange Traded Currency Futures Not specified
4 Exchange Traded Currency Options Not specified
5 Strategies Using Exchange Traded Currency Derivatives Not specified
6 Trading Mechanism in Exchange Traded Currency Derivatives Not specified
7 Clearing, Settlement and Risk Management in Exchange Traded Currency Derivatives Not specified
8 Regulatory Framework for Exchange Traded Currency Derivatives Not specified
9 Accounting and Taxation Not specified
10 Code of Conduct and Investor Protection Measures Not specified
  Total Marks 100

Study Materials

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NISM-Series-1: Currency Derivatives Workbook
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