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NISM-Series IV: Interest Rate Derivatives Mock Test and Question Bank Details
The NISM-Series IV: Interest Rate Derivatives Certification Examination is designed to set a common minimum knowledge benchmark for professionals working in the Interest Rate Derivatives (IRD) market. It aims to foster a solid understanding of fixed-income securities, interest rate derivative products, associated regulations, risk considerations, and the mechanisms of clearing and settlement on Indian exchanges.
Examination Objectives
Upon successful completion of the examination, candidates will be able to:
- Understand the fundamentals of fixed-income securities and interest rate derivatives in both Indian and global contexts.
- Apply the analytical framework needed for trading and hedging in the Bond Futures market in India.
- Demonstrate knowledge of clearing, settlement, and risk management processes, along with a sound grasp of the operational mechanics of interest rate derivative markets.
- Be aware of the regulatory framework governing interest rate derivative markets in India.
Assessment Structure
The NISM-Series IV: Interest Rate Derivatives Certification Examination is structured to evaluate comprehensive knowledge and practical understanding:
● Total Marks: 100
● Number of Questions: 100 (Each carrying 1 mark)
● Question Format: Multiple Choice Questions (MCQs)
● Exam Duration: 2 hours (120 minutes)
● Negative Marking: 25% deduction (i.e., 0.25 mark) for each incorrect answer
● Passing Score: Minimum 60% (i.e., 60 marks out of 100) is required to pass the examination
Wish You All The Best for Your NISM Series-IV: Interest Rate Derivatives Mock Test & Certification Exam!