Interest Rate Derivatives

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NISM Series-IV: Interest Rate Derivatives Mock Test


  • Master the NISM-Series IV: Interest Rate Derivatives Certification Exam with Ease!
    1. 500 Exam-Focused Questions:     Prepare with a robust and exhaustive question bank tailored to the most critical and commonly tested topics.
    2. Aligned with the Latest NISM Syllabus:     Stay updated and exam-ready with accurate, syllabus-aligned content.
    3. Concise Short Notes: Quick revision materials designed for clarity and retention.
    4. 15-Days Access:     Sufficient time to practice, revise, and master key concepts.
    5. 15 Test Attempts per Set:     Evaluate your performance and improve progressively.
    6. Affordable Pricing:     Get full access for just Rs.599 (inclusive of GST) – complete preparation at unmatched value!

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Examination Overview – NISM Series IV: Interest Rate Derivatives Certification



The exam builds a foundational understanding for professionals in the interest rate derivatives segment. It ensures clarity on fixed-income markets, derivative products, regulatory aspects, and the operational framework of clearing and settlement.

The exam also equips candidates with the skills required to participate in India’s interest rate derivatives market — including bond futures, options, trading strategies, and compliance with governing regulations.

Examination Objectives


After completing the exam, candidates will be able to:

    Understand fixed-income and interest rate derivatives markets.

    Apply strategies for bond futures and interest rate risk management.

    Comprehend clearing, settlement, and risk control processes.

    Familiarize with the Indian regulatory framework.

    For more details, please visit the official website of NISM.

    Assessment Structure


    The NISM-Series IV: Interest Rate Derivatives Certification Exam is structured as follows:


    Component Details
    Examination TypeMultiple Choice Questions (MCQs)
    Number of Questions100
    Maximum Marks100
    Passing Score60%
    Negative Marking25% per incorrect answer
    Exam Duration2 hours
    LanguageEnglish
    ModeOnline (Computer-Based)
    Certificate Validity3 Years
    Test CentersPAN India

    Syllabus Outline with Weightages


    Unit No. Unit Name Weightage (%)
    1Intro to Interest Rate, Instruments & Fixed Income Markets10
    2Interest Rate Derivatives5
    3Exchange Traded IR Futures20
    4Exchange Traded IR Options15
    5Strategies Using IR Derivatives15
    6Trading Mechanism10
    7Clearing, Settlement & Risk Management10
    8Regulatory Environment5
    9Accounting & Taxation5
    10Code of Conduct & Investor Protection5

What We Offer


    500+ Focused Questions: Designed to match exam-level difficulty.

    Aligned to the Latest Syllabus: Stay current and relevant.

    15-Day Full Access: Flexibility to learn at your pace.

    15 Test Attempts per Set: Track your improvement consistently.

    All-Inclusive Pricing: Just ₹599 (incl. GST) – unmatched value!

Frequently Asked Questions – NISM Series IV: Interest Rate Derivatives

Finding a high-quality NISM IV Interest Rate Derivatives mock test is a crucial first step in your preparation. While some free tests are available, they often don't cover the full depth of the syllabus or accurately reflect the exam's difficulty. For a reliable and comprehensive practice experience, nismexams.in offers a dedicated package with over 500 exam-focused questions, concise notes, and multiple test attempts, ensuring your practice is perfectly aligned with the official NISM exam.

The NISM Series IV exam is a 2-hour computer-based test consisting of 100 multiple-choice questions, with each question carrying one mark. A critical detail to remember is the 25% negative marking for every incorrect answer. To pass and earn the certification, you must achieve a minimum score of 60%. This structure demands a strong grasp of fixed-income concepts, along with excellent time management and accuracy.

Yes, trying a NISM IV Demo Test is a smart way to evaluate the quality of a preparation platform. A good demo test should give you a clear insight into the question style and the online interface you can expect. While our main offering at nismexams.in is a comprehensive premium package, a demo helps you understand the value you'll get from our full Interest Rate Derivatives Practice Test.

A strategic study plan must prioritize the chapters with the highest weightage. For the NISM Series IV exam, you must concentrate on:
Exchange Traded IR Futures (20%)
Exchange Traded IR Options (15%)
Strategies Using IR Derivatives (15%)
Intro to Interest Rate, Instruments & Fixed Income Markets (10%)
Trading Mechanism (10%)
Clearing, Settlement & Risk Management (10%)
Mastering these chapters is essential as they constitute 80% of the entire exam.

A NISM IV Mock Test is a complete simulation of the actual exam, not just a list of questions. It is timed for 2 hours, contains 100 questions structured according to the official syllabus weightages, and, most importantly, it applies the 25% negative marking. This is fundamentally different from a simple question bank because it trains you to handle the time pressure and strategic decision-making required for the real test, a core feature of the preparation offered on nismexams.in.

Relying solely on a free Interest Rate Derivatives Mock Test is a very risky strategy for a professional certification. Free resources are often not updated for the latest market conventions or regulations, may contain errors, and rarely provide the comprehensive coverage needed. Investing in an affordable and expertly crafted package, like the one at nismexams.in, is a much more reliable way to ensure you pass on the first attempt.

This chapter carries the highest weightage at 20% because bond futures are the most widely used interest rate derivative product in India. The exam heavily tests your understanding of the contract specifications, pricing of bond futures, and various applications like hedging a bond portfolio. A deep understanding of this topic is non-negotiable for passing.

To successfully pass the NISM Series-IV: Interest Rate Derivatives Certification Exam, you must score a minimum of 60%. This means you need to achieve a net score of at least 60 marks out of 100 after the 25% negative marking for any incorrect answers has been applied.

You can find a complete Interest Rate Derivatives Model Test within the comprehensive preparation package at nismexams.in. Our platform is specifically designed to provide an authentic exam experience with multiple full-length mock tests. Each NISM IV Model Test is created by industry experts to accurately reflect the difficulty, question format, and topic distribution of the actual NISM exam.

The 25% negative marking means that for every incorrect answer, 0.25 marks will be deducted from your score. In simple terms, for every four questions you get wrong, you lose one full mark. This makes random guessing a poor strategy and highlights the importance of accuracy. Practicing with our NISM IV Practice Test helps you develop a strategy for when to answer and when to skip a question.

This certification is essential for professionals working in the interest rate derivatives segment, including:
Employees of stockbroking firms dealing in fixed-income derivatives.
Treasury and risk management teams in banks and corporations.
Traders and investors who want to understand and use interest rate derivatives.
Anyone aspiring to build a career in the fixed-income market.

The 15-day access plan at nismexams.in is perfectly designed for focused, short-term preparation. A successful 15-day strategy would be:
Days 1-7: Go through our Concise Short Notes to quickly grasp the core concepts of fixed-income markets, futures, and options.
Days 8-12: Dedicate this time to intensive practice with our 500+ Exam-Focused Questions, attempting chapter-wise tests.
Days 13-15: Take multiple full-length mock tests to master time management and get comfortable with the negative marking system.

Yes, the exam places very high importance on both. The chapters "Exchange Traded IR Futures" (20%) and "Exchange Traded IR Options" (15%) are two of the most heavily weighted topics. A deep understanding of the mechanics and applications of both is absolutely essential to pass.

This chapter carries a heavy 15% weightage because it covers the practical application of the products you learn about. It moves beyond theory to teach you how to use bond futures and options for real-world purposes like hedging against interest rate risk, speculation, and creating spreads. This practical knowledge is a key focus of the exam.

Our package is designed for thorough practice. We offer 15 test attempts per set, which allows you to retry the tests multiple times. This repetition is key to identifying your weak areas, learning from your mistakes, and tracking your improvement, ensuring you are fully confident on exam day.

Absolutely. Our concise notes are created specifically for quick and effective revision. They summarize the most critical concepts, formulas (like bond pricing), and regulatory points from the entire syllabus into an easy-to-digest format. This makes them the perfect tool for last-minute preparation.

After you successfully pass the exam, the NISM Series-IV: Interest Rate Derivatives Certification is valid for a period of three years. To maintain your certification beyond this period, you will need to either pass the exam again or complete a Continuing Professional Education (CPE) program as prescribed by NISM.

Yes, our NISM IV Practice Test includes a variety of numerical problems, as you can expect them in the actual exam. Our question bank features practical, calculation-based questions on topics like bond pricing, duration, futures contract pricing, and option payoffs to ensure you are well-prepared for the quantitative aspects of the test.

An Interest Rate Derivatives Demo Test is a short, free sample designed to give you a preview of our platform and the quality of our questions. In contrast, a full mock test is a complete simulation of the actual exam, with 100 questions, a 2-hour timer, and negative marking. A demo is for a quick look, but only the full mock tests can properly prepare you for the intensity of the real exam.

Our course provides exceptional value. For just Rs. 599, you receive a complete and expertly designed preparation toolkit, including over 500 practice questions, concise revision notes, and multiple test attempts. This affordable, all-in-one package offers a structured and reliable path to passing an important industry certification, saving you the potential cost and time of failing and needing to re-attempt the exam.

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