What is the passing mark for NISM Series I?

You need 60% to pass NISM-Series-I: Currency Derivatives. On a 100-mark paper that is 60 marks.

How long is the NISM Series I exam?

The exam runs for 120 minutes and carries 100 marks in total.

How long is the NISM Series I certificate valid?

NISM certifications are generally valid for 3 years from the date of passing, after which they must be renewed. Confirm the current position on nism.ac.in before your certificate lapses.

NISM Series I

Currency Derivatives

For anyone dealing in currency futures and options on a recognised exchange. Covers how the rupee is traded against other currencies and how those contracts are settled.

Exam pattern

Duration: 120 min
Total marks: 100
Pass mark: 60% (60)
Negative marking: 25%

There is negative marking of 25% of the marks for that question, so a wrong answer costs you 0.25 marks on a 1-mark question. Guess only when you can eliminate at least two options.

Syllabus and chapter weightage

Weightages are taken from the official syllabus table published in the NISM workbook, so you can see exactly where the marks are.

1Introduction to Currency Markets10%
2Foreign Exchange Derivatives5%
3Exchange Traded Currency Futures20%
4Exchange Traded Currency Options20%
5Strategies using Exchange Traded Currency Derivatives10%
6Trading Mechanism in Exchange Traded Currency Derivatives10%
7Clearing, Settlement and Risk Management in ETCD10%
8Regulatory Framework for Exchange Traded Currency Derivatives5%
9Accounting and Taxation of ETCD5%
10Codes of Conduct and Investor Protection Measures5%

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Frequently asked questions

What is the passing mark for NISM Series I?: You need 60% to pass NISM-Series-I: Currency Derivatives. On a 100-mark paper that is 60 marks.
Is there negative marking in NISM Series I?: There is negative marking of 25% of the marks for that question, so a wrong answer costs you 0.25 marks on a 1-mark question. Guess only when you can eliminate at least two options.
How long is the NISM Series I exam?: The exam runs for 120 minutes and carries 100 marks in total.
How long is the NISM Series I certificate valid?: NISM certifications are generally valid for 3 years from the date of passing, after which they must be renewed. Confirm the current position on nism.ac.in before your certificate lapses.