In 2026, efficiency in study comes from precision: questions that target the syllabus and answers you can trust. DumpStillValid delivers that precision for the NISM Series VII - Securities Operations and Risk Management Certification exam with 334 verified practice questions.
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 |
| Passing Score: | 50% |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice Questions (MCQs), Negative marking: 25% per wrong answer |
| Real Exam Qty: | 100 |
| Certificate Validity Period: | 3 years |
| Available Languages: | English |
| Exam Price: | ₹1500 + GST |
| Recommended Training: | Official NISM Study Material & Workbook |
| Exam Registration: | NISM Certification Portal |
| Sample Questions: |  |
| 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:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Investor Protection | 7% | - Mechanisms for dispute resolution - Investor rights and grievances redressal - Investor education and awareness initiatives |
| Topic 2: Risk Management and Margining | 18% | - Margining systems and methodologies - Types of risks in securities operations - Risk monitoring and control measures |
| Topic 3: Technology in Securities Markets | 8% | - Data security and business continuity - Emerging technologies and their impact - Systems for trading, clearing and settlement |
| Topic 4: Regulatory Framework | 15% | - Code of conduct and ethical practices - SEBI Act, Rules and Regulations - Compliance requirements for intermediaries |
| Topic 5: Trading Operations | 15% | - Client onboarding and KYC norms - Front office functions and processes - Order management and trade execution |
| Topic 6: Securities Market Overview | 10% | - Market participants and their roles - Types of securities and products - Structure and segments of Indian securities market |
| Topic 7: Market Microstructure | 12% | - Market indices and their calculation - Trading mechanisms and order types - Price discovery and market efficiency |
| Topic 8: Clearing and Settlement | 15% | - Settlement cycle and mechanisms - Delivery versus payment and settlement guarantee - Clearing process and roles of clearing corporations |
NISM-Series-VII Study Material: Answers
The NISM Series VII - Securities Operations and Risk Management Certification exam requires a score of 50% to pass, and the official registration fee is ₹1500 + GST. Knowing these numbers in advance keeps your planning honest.
Each round of the NISM-Series-VII question bank starts from the official exam objectives: experts map the syllabus, draft questions to cover it with precision, and review the result before release. When new exam points appear, the bank is updated accordingly — deliberate coverage, not guesswork.
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The NISM Series VII - Securities Operations and Risk Management Certification exam contains 100 questions, and you will have 120 minutes minutes to complete them. Practicing under the same constraints makes exam-day pacing feel rehearsed.
No mandatory prerequisites; open to individuals aged 18 and above, regardless of educational background
You can confirm the current eligibility requirements on the official NISM-Series-VII exam page before you register.
Many candidates combine practice questions with official training. Recommended options include:
This package includes 334 practice questions for the NISM Series VII - Securities Operations and Risk Management Certification exam. Every answer is verified by an experienced team of experts, so you can trust what you study.
You can register for the NISM Series VII - Securities Operations and Risk Management Certification exam through the official channels:
The NISM Series VII - Securities Operations and Risk Management Certification practice questions are organized around the official exam objectives. Key topics include:
- Market Microstructure (12%)
- Investor Protection (7%)
- Risk Management and Margining (18%)
Syllabus-driven coverage means no wasted practice on irrelevant material.
NISM Series VII - Securities Operations and Risk Management Certification Sample Questions:
Which of the following statements accurately describe the features and conditions of the 'Net Settlement of Cash segment and Futures & Options (F&O) segment upon expiry of stock derivatives'? (Select all that apply)
- A. Netting of delivery obligations is strictly for the purpose of settlement.
- B. Investors whose Trading Member clears trades through different Clearing Corporations for Cash and F&O are eligible for netting.
- C. The benefit of netting is available to non-institutional Custodial Participants (CPs) clearing through the same entity registered both as a custodian in cash and as a CM in F&O.
- D. Clearing Corporations continue to maintain segment-wise default waterfalls.
- E. Securities Transaction Tax (STT) is computed on the final netted obligation to avoid double taxation.
Correct Answer: A,C,D 🗳️
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The Clearing Corporation performs three main functions: clearing, settlement, and risk management. Which of the following statements accurately defines the specific scope of the 'clearing' function?
- A. It involves the handling of exceptional situations like auction settlement and bad delivery.
- B. It is the process designed to work out what members are due to deliver and what members are due to receive on the settlement date.
- C. It is the two-way process which involves the actual transfer of funds and securities on the settlement date.
- D. It is the process of collecting margins and maintaining the Core Settlement Guarantee Fund.
- E. It is the mechanism of linking multiple depositories to facilitate inter-depository transfers.
Correct Answer: B 🗳️
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Distinguishing the roles of market segments is vital for understanding capital formation. Which statement correctly identifies the primary interaction dynamic in the Secondary Market compared to the Primary Market?
- A. The settlement is always done directly between the issuer and the clearing corporation.
- B. Dealings are strictly between two investors, and the issuer does not come into the picture.
- C. The issuer has direct contact with the investor to raise new capital.
- D. It is used primarily for Initial Public Offers (IPOs) and Rights Issues.
- E. It ensures availability of adequate capital at reasonable rates for expansion.
Correct Answer: B 🗳️
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When a company announces a Bonus Issue in the ratio of A:B, specific adjustments are made to the Strike Price, Market Lot, and Position of Equity F&O contracts. Which of the following formulas correctly represents the Adjustment Factor used for these calculations?
- A. (A + B) / B
- B. (A - B) / B
- C. A / (A + B)
- D. (A * B) / (A + B)
- E. B / (A + B)
Correct Answer: A 🗳️
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Regarding the facility provided by Clearing Corporations to Clearing Members for the pay-in of securities through NSDL/CDSL, which automated mechanism is available to streamline the process?
- A. Delivery-out instructions generated automatically by the Clearing Corporation based on the net delivery obligations of its Clearing Members.
- B. Automatic debit of the client's bank account for the value of securities short delivered.
- C. Auto-pledge of client securities directly to the Clearing Corporation without broker intervention.
- D. Auto-borrowing of securities from the Securities Lending and Borrowing (SLB) platform to meet shortfalls.
- E. Automatic conversion of physical shares to demat shares on the pay-in date.
Correct Answer: A 🗳️
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