What is the passing mark for NISM Series IV?

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

How long is the NISM Series IV exam?

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

How long is the NISM Series IV 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 IV

Interest Rate Derivatives

For dealers in interest rate futures. Covers bond pricing, yield movements and how institutions hedge against rate changes.

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 Interest Rate, Interest Rate Instruments and Fixed Income Markets10%
2Interest Rate Derivatives5%
3Exchange Traded Interest Rate Futures20%
4Exchange Traded Interest Rate Options15%
5Strategies using Interest Rate Derivatives15%
6Trading Mechanism in Exchange Traded IRD10%
7Clearing, Settlement and Risk Management of IRD10%
8Regulatory Environment for Exchange Traded IRD5%
9Accounting and Taxation of IRD5%
10Code of Conduct and Investor Protection Measures5%

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Frequently asked questions

What is the passing mark for NISM Series IV?: You need 60% to pass NISM-Series-IV: Interest Rate Derivatives. On a 100-mark paper that is 60 marks.
Is there negative marking in NISM Series IV?: 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 IV exam?: The exam runs for 120 minutes and carries 100 marks in total.
How long is the NISM Series IV 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.