NISM Series VI: Depository Operations

There will only be multiple-choice and multi-response questions covered in the exam.

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After the completion of your exam, the points you earned on each question are totaled and then compared with the cut score to determine whether the result is pass or fail.

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Yes testprep training offers free practice tests for the NISM Series VI: Depository Operations exam which can be used before the final purchase for complete test.

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Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Testprep Training and not the NISM Series VI: Depository Operations exam cost.

To renew your current certificate, you need to appear for NISM CPE for Depository Operations or successfully pass the NISM Depository Operations Certification Examination before the expiry of such certificate.

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The examination seeks to create a common minimum knowledge benchmark for associated persons engaged or employed by a registered depository participant in (a) dealing or interacting with clients, (b) dealing with securities of clients, (c) handling redressal of investor grievances, (d) internal control or risk management, (e) activities having a bearing on operational risk, or (f) maintenance of books and records pertaining to the above activities. The certification aims to enhance the quality of services as rendered by the Depository Participants.

The certificate will be valid for 3 years from the date of the examination.

There will be 100 questions in the exam.

On successful completion of the examination the candidate should: • Know the basics of the Indian securities market and the depository system, the need for depository and the key features of the depository system in India. • Understand the institutional structure of the depository system in India and the business partners of a depository. • Understand the regulatory framework in which the depositories and its DPs function, their eligibility criteria, registration procedure, rights and obligations etc. • Know the various functions of the Depository and its Depository Participants (DPs) such as dematerialisation, trading and settlement, pledging and hypothecation. • Understand how a demat account is opened, documents required to open an account and significance of Power of Attorney (POA).

The fees NISM Series VI: Depository Operations Exam is Rupees One Thousand Five Hundred only (Rs. 1500/-).

The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 60%. There shall be negative marking of 25% of the marks assigned to a question.

The candidate has to secure 60% in order to pass the exam.

There will be 100 questions which have to be completed in 120 minutes.

The following persons can take NISM-Series-VI: Depository Operations Certification Examination: 1. Associated persons engaged or employed by a registered depository participant in: dealing or interacting with clients; dealing with securities of clients; handling redressal of investor grievances; internal control or risk management; activities having a bearing on operational risk; or maintenance of books and records pertaining to the above activities. 2. Interested students/professionals 3. Any other individuals

There are no prerequisites required for NISM Series VI: Depository Operations Exam.