NISM Series I: Currency Derivatives Exam Guide - Eligibility & More

The NISM-Series-I: Currency Derivatives Examination

The NISM-Series-I: Currency Derivatives examination is a vital qualification for professionals involved in the currency derivatives segment of the Indian securities market. This exam, developed by the National Institute of Securities Markets (NISM), is designed to ensure that individuals working in this field have the necessary knowledge and expertise to navigate currency markets and manage exchange-traded currency derivatives effectively.

Importance of the NISM-Series-I: Currency Derivatives

The NISM-Series-I: Currency Derivatives examination is essential for professionals aiming to excel in the currency derivatives market. By setting a common minimum knowledge benchmark, this certification ensures that market participants are well-versed in the intricacies of currency markets and the various products within exchange-traded currency derivatives. This knowledge is crucial for delivering high-quality investor services, enhancing operational efficiency, and maintaining robust risk controls.

Objectives of the NISM-Series-I: Currency Derivatives

The NISM-Series-I: Currency Derivatives examination is designed to equip candidates with comprehensive knowledge in several key areas:

• Understanding Currency Markets: A thorough exploration of the fundamentals of currency markets, with a particular focus on exchange-traded currency derivatives.
• Trading and Settlement Mechanisms: Mastery of the trading, clearing, and settlement processes associated with exchange-traded currency derivatives, including the strategic use of currency futures and options.
• Regulatory Environment: A solid understanding of the regulatory framework governing exchange-traded currency derivatives markets in India.

NISM Series I: Currency Derivatives Pattern and Marks

NISM Series I: Currency Derivatives Certification Exam: Syllabus Overview

Preparing for the NISM-Series-I: Currency Derivatives

Success in the NISM-Series-I: Currency Derivatives examination requires thorough preparation and familiarity with the core concepts covered in the syllabus. Candidates should ensure they are proficient in the use of tools like Microsoft Excel or Open Office Calc, as these may be required during the exam for computational tasks. Additionally, reviewing sample questions and understanding the regulatory and operational aspects of exchange-traded currency derivatives will be crucial for passing the examination.

The NISM-Series-I: Currency Derivatives examination not only enhances professional knowledge but also opens up structured career paths for individuals in the securities markets. By achieving this certification, professionals demonstrate their commitment to maintaining high standards of knowledge and ethical conduct, thereby contributing to the overall efficiency and integrity of the financial markets.

NISM-Series-I: Currency Derivatives: FAQs

Q1: How many questions are there in the NISM-Series-I: Currency Derivatives examination?
A1: The examination consists of 100 multiple-choice questions.

Q2: What is the total duration of the NISM-Series-I: Currency Derivatives exam?
A2: The exam duration is 2 hours.

Q3: What is the passing score for the NISM-Series-I: Currency Derivatives exam?
A3: Candidates need to score at least 60% to pass the examination.

Q4: Is there negative marking in the NISM-Series-I: Currency Derivatives exam?
A4: Yes, there is a 25% deduction for each incorrect answer.

Q5: What is the importance of accuracy in the NISM-Series-I: Currency Derivatives exam?
A5: Due to the negative marking system, accuracy is crucial to ensure a strong overall score and successful completion of the exam.