NISM Series I: Currency Derivatives
NISM Series I: Currency Derivatives
NISM Series-I: Currency Derivatives
The examination seeks to create a common minimum knowledge benchmark for persons working in the Currency Derivatives market segment, in order to enable a better understanding of currency markets and exchange traded currency future products, better quality investor service, operational process efficiency and risk controls.
Target Audience
The following persons can take NISM-Series-I: Currency Derivatives Certification Examination:
- All approved users and sales personnel of trading members of currency derivatives segments of recognized stock exchanges
- Interested students/professionals
- Any other individuals
Prerequisite for the exam
There are no prerequisites required for NISM -I: Currency Derivatives Certification Examination.
Examination Objectives:
On successful completion of the examination the candidate should:
- Know the basics of currency markets and specifically Exchange Traded Currency Derivatives markets. This is the addition.
- Understand the trading, clearing and settlement mechanisms related to Currency Derivatives markets and basic investment strategies that use currency futures and options products.
- Know the regulatory environment in which the Currency Derivatives markets operate in India.
Course Outline
- Unit 1: Introduction to Currency Markets
- Unit 2: Foreign Exchange Derivatives
- Unit 3: Exchange Traded Currency Futures
- Unit 4: Strategies Using Currency Futures
- Unit 5: Trading in Currency Futures
- Unit 6: Clearing, Settlement and Risk Management in Currency Futures
- Unit 7: Exchange Traded Currency Options
- Unit 8: Accounting And Taxation
- Unit 9: Regulatory Framework for Currency Derivatives
- Unit 10: Codes of Conduct and Investor Protection Measures
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Exam Format and Information
Exam Name Currency Derivatives | Exam Code NISM Series-I |
| Exam Duration 120 mins | Exam Format Multiple Choice |
| Exam Type Biginners Level | Number of Questions 100 Questions |
| Validity 3 Years | Exam Fee Rs 1500 |
| Exam Language English, Hindi, Gujarati | Pass Score 60% and above |
NISM Series I: Currency Derivatives FAQs
What variety of questions appears in the exam?
There will only be multiple-choice and multi-response questions covered in the exam.
Does Testprep Training offer Money Back Guarantee for the Exam Simulator?
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 1: Currency Derivatives Certification exam cost.
For how long is the license valid after purchase?
Once purchased, the practice exams can be access for the lifetime.
Is there any assistance from Testprep Training in terms of exam preparation?
Yes, Testprep Training offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.
Can we try the free test before purchasing the practice exam?
Yes testprep training offers free practice tests for the NISM Series 1: Currency Derivatives Certification exam Exam which can be used before the final purchase for complete test.
What is NISM Series-I: Currency Derivatives Certification Exam?
The examination seeks to create a common minimum knowledge benchmark for persons working in the Currency Derivatives market segment, in order to enable a better understanding of currency markets and exchange traded currency future products, better quality investor service, operational process efficiency and risk controls.
How the exam scores are calculated?
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.
Who are the intended audience for the exam?
The following persons can take NISM-Series-I: Currency Derivatives Certification Examination:
1. All approved users and sales personnel of trading members of currency derivatives segments of recognized stock exchanges
2. Interested students/professionals
3. Any other individuals
What is the passing score of the exam?
The candidate has to secure 60% in order to pass the exam.
Is there any prerequisite for the exam?
There are no prerequisites required for NISM -I: Currency Derivatives Certification Examination.
Do you provide any preparation guidance for this certification exam?
Yes our experts frequently blog about the tips and tricks for exam preparation.
Examination Objectives:
On successful completion of the examination the candidate should:
• Know the basics of currency markets and specifically Exchange Traded Currency Derivatives markets. This is the addition.
• Understand the trading, clearing and settlement mechanisms related to Currency Derivatives markets and basic investment strategies that use currency futures and options products.
• Know the regulatory environment in which the Currency Derivatives markets operate in India.
What is the fee structure of the exam?
The fees for NISM Series-I: Currency Derivatives Certification Examination is Rupees One Thousand Five Hundred only (Rs. 1500/-).
How many questions will be there in the exam?
There will be 100 questions which have to be completed in 120 minutes.
What number of questions will there be in the exam?
There will be 100 questions in the exam.
What is the assessment structure?
The examination will be of 100 marks, will have 100 questions, and should be completed in 2 hours. There will be negative marking of 25% of the marks assigned to a question. The passing score for the examination is 60%.
What is the validity period of the certificate?
The certificate will be valid for 3 years from the date of the examination.
Do you offer any discount on the bulk purchase?
Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the testprep training Helpdesk for more details. The member of support staff will respond as soon as possible.
Do TestprepTraining provide practice set questions for NISM Series 1: Currency Derivatives Certification exam?
TestprepTraining provides unique sets of questions that will help you check your skills and knowledge in performing data analysis on Excel. These practice questions will help you increase your knowledge for better preparation of exam.
How do I renew my certificate?
To renew your current certificate, you need to appear for NISM CPE for Currency Derivatives or successfully pass the NISM Currency Derivatives Certification Examination before the expiry of such certificate.