NISM Series VII - Securities Operations and Risk Management Certification : NISM-Series-VII exam dump

  • Exam Code: NISM-Series-VII
  • Exam Name: NISM Series VII - Securities Operations and Risk Management Certification
  • Updated: Sep 11, 2026
  • Q&As: 334 Questions and Answers

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NISM NISM-Series-VII Exam Syllabus Topics:

SectionWeightObjectives
Risk Management and Margining18%- Types of risks in securities operations
- Risk monitoring and control measures
- Margining systems and methodologies
Market Microstructure12%- Trading mechanisms and order types
- Market indices and their calculation
- Price discovery and market efficiency
Securities Market Overview10%- Market participants and their roles
- Structure and segments of Indian securities market
- Types of securities and products
Technology in Securities Markets8%- Emerging technologies and their impact
- Systems for trading, clearing and settlement
- Data security and business continuity
Regulatory Framework15%- Code of conduct and ethical practices
- Compliance requirements for intermediaries
- SEBI Act, Rules and Regulations
Clearing and Settlement15%- Settlement cycle and mechanisms
- Delivery versus payment and settlement guarantee
- Clearing process and roles of clearing corporations
Investor Protection7%- Investor rights and grievances redressal
- Mechanisms for dispute resolution
- Investor education and awareness initiatives
Trading Operations15%- Front office functions and processes
- Order management and trade execution
- Client onboarding and KYC norms

NISM Series VII - Securities Operations and Risk Management Certification Sample Questions:

Question #1

What is the mandatory mechanism for effecting the pay-in of securities for sell obligations in the T+0 settlement cycle?

  • A. Transfer from Client Beneficiary Account to CM Pool Account via standard market instruction.
  • B. Automatic sweeping of securities from the client's demat account at 1 PM.
  • C. Physical Delivery Instruction Slip submitted to the DP by 10:00 AM.
  • D. Only by way of early pay-in using block mechanism.
  • E. Inter-depository transfer from the client's account to the Clearing Corporation's account.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

To increase efficiency and reduce the time duration from issue closure to listing, a new timeline was introduced for public issues opening on or after December 1, 2023. What is this mandated timeline for listing?

  • A. T+5 days
  • B. T+2 days
  • C. T+3 days
  • D. T+6 days
  • E. T+1 days
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

To provide depository services to investors, a stock broker or trading member must register as a Depository Participant (DP). Under which specific legislative framework is this registration mandated and governed?

  • A. The Companies Act, 2013 and the Banking Regulation Act, 1949
  • B. The Securities Contracts (Regulation) Act, 1956 and the RBI Act, 1934
  • C. The SEBI Act, 1992 and the Depositories Act, 1996
  • D. The Information Technology Act, 2000 and the Indian Contract Act, 1872
  • E. The Prevention of Money Laundering Act, 2002 and SEBI (Intermediaries) Regulations, 2008
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

For Futures Contracts on Individual Securities, which price is used as the 'Final Settlement Price' on the last trading day?

  • A. The closing price of the futures contract on the expiry day.
  • B. The theoretical price calculated using the cost of carry model.
  • C. The last traded price (LTP) of the underlying security on the primary exchange.
  • D. The closing price of the relevant underlying security in the Capital Market Segment across exchanges.
  • E. The weighted average price of the underlying security during the last 30 minutes of trading.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

In the context of the 'Application Supported by Blocked Amount' (ASBA) facility processed by intermediaries in public issues, what is the critical pre-condition explicitly mandated by SEBI before the ASBA applications can be processed?

  • A. The syndicate member must issue a physical acknowledgement slip.
  • B. The physical form must be received by the Registrar.
  • C. The application monies must be blocked in the investor's bank account.
  • D. The application must be uploaded to the Exchange bidding platform.
  • E. The General Index Register (GIR) number must be verified.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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