Examination Overview – NISM Series VII: Securities Operations and Risk Management
The examination seeks to create a common minimum knowledge benchmark as the requisite standard for associated persons of a registered stock-broker / trading member / clearing member in recognized stock exchanges, involved in (a) assets or funds of investor or clients (b) redressal of investor grievances, (c) internal control or risk management and (d) activities having a bearing on operational risk.
Examination Objectives
On successful completion of the examination, the candidate should:
Know the basics of the Indian securities market, the different products traded, and the various market participants and the respective roles they play.
Understand the regulatory framework and the role of SEBI.
Know the functions of Front Office, Middle Office, and Back Office in a Securities Broking Firm.
Understand the trade life cycle and the role of the back office in the process.
Learn about risk management, clearing and settlement processes.
Understand the investor grievance redressal mechanism.
For more details, please visit the official website of
NISM.
Assessment Structure
| Component |
Details |
| Number of Questions |
100 |
| Marks per Question |
1 mark |
| Total Marks |
100 |
| Passing Criteria |
50% (50 correct answers) |
| Negative Marking |
25% of the marks assigned to a question |
| Exam Duration |
2 Hours |
Syllabus Outline
| Chapter |
Chapter Title |
| 1 | Introduction to the Securities Market |
| 2 | Market Participants in the Securities Market |
| 3 | Introduction to Securities Broking Operations |
| 4 | Risk Management |
| 5 | Clearing Process |
| 6 | Settlement Process |
| 7 | Investor Grievances and Arbitration |
| 8 | Other Services Provided by Brokers |
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Frequently Asked Questions - NISM Series VII: Securities Operations and Risk Management
Finding a high-quality NISM VII Securities Operations and Risk Management Mock Test is the most important step for your preparation. While some free tests are available, they often don't cover the full operational and risk management syllabus accurately. For a reliable and comprehensive practice experience, nismexams.in offers a dedicated package with over 600 exam-focused questions that are specifically designed to mirror the actual exam's complexity and structure.
The NISM Series VII 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 the certification, you must achieve a minimum score of 50%, which is lower than many other NISM exams, but the breadth of the syllabus makes it challenging.
Yes, trying a NISM VII 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 Securities Operations and Risk Management Practice Test.
While the official weightages are not provided on the page, the syllabus outline points to the core operational functions of a broking firm. Based on the objectives, you must have a deep understanding of:
Risk Management: This is a central theme of the certification.
Clearing Process & Settlement Process: These chapters cover the entire trade life cycle and are fundamental to the role.
Introduction to Securities Broking Operations: This chapter explains the functions of the Front, Middle, and Back Office, which is a frequently tested area.
Investor Grievances and Arbitration: Understanding the redressal mechanism is a key objective.
A NISM VII 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, 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 Securities Operations and Risk Management Mock Test is a very risky strategy. Free resources are often not updated for the latest regulations, may contain errors, and rarely provide the comprehensive coverage needed for a role-specific exam like this. 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.
The trade life cycle is the entire process from when a client places an order to when the securities and funds are settled. This is the core of securities operations. The exam heavily tests your understanding of each stage, including order execution (Front Office), trade confirmation (Middle Office), and clearing and settlement (Back Office). A strong grasp of this cycle is non-negotiable for passing.
To successfully pass the NISM Series VII: Securities Operations and Risk Management Certification Exam, you must score a minimum of 50%. This means you need to achieve a net score of at least 50 marks out of 100 after the 25% negative marking for any incorrect answers has been applied.
You can find a complete Securities Operations and Risk Management 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 VII 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 VII Practice Test helps you develop a strategy for when to answer and when to skip a question.
This certification is essential for employees of stockbroking and clearing firms working in operational and risk-related roles, including:
Staff handling client assets or funds.
Personnel in the investor grievance redressal department.
Internal control, compliance, and risk management teams.
Anyone working in the back office or middle office of a securities firm.
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 study materials (like concise notes, if available) to quickly cover the core concepts of the trade life cycle, risk management, and clearing/settlement.
Days 8-12: Dedicate this time to intensive practice with our 600+ 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.
This is a key concept in the syllabus. The Front Office deals directly with clients and executes trades. The Middle Office manages risk, confirms trades, and ensures compliance. The Back Office handles the post-trade activities like clearing, settlement, accounting, and record-keeping. The NISM VII exam requires a clear understanding of the distinct functions of each.
Risk Management is a standalone, critical chapter because it is a primary function of a securities broking firm. This chapter goes beyond just market risk and covers operational risks, counterparty risks, and regulatory risks. The exam tests your knowledge of risk management frameworks, internal controls, and the tools used to mitigate these risks, which is essential for anyone in a securities operations role.
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.
Yes, absolutely. Our content is always aligned with the latest NISM syllabus. The securities market and its regulations are constantly evolving, so using updated study material is crucial. We ensure our question bank and mock tests reflect the current curriculum and regulatory standards, so you are studying the most relevant information.
After you successfully pass the exam, the NISM Series VII: Securities Operations and Risk Management 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 VII Practice Test comprehensively covers the "Investor Grievances and Arbitration" chapter. Our question bank includes practical questions on the process of handling client complaints, the role of the stock exchange's grievance redressal mechanism, and the arbitration process, which is a key objective of the exam.
A Securities Operations and Risk Management 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.
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