NISM National Institute of Securities Markets NISM-Series-VII

Not sure a study set is what you need? Download the free NISM-Series-VII demo from Getcertkey and review a sample of the NISM Series VII - Securities Operations and Risk Management Certification practice questions before you spend anything — the 2026 edition is ready to try today.

NISM NISM-Series-VII Exam Overview:

Certification Vendor:	National Institute of Securities Markets (NISM)
Exam Name:	NISM-Series-VII: Securities Operations and Risk Management Certification Examination
Exam Number:	NISM-Series-VII
Real Exam Qty:	100
Available Languages:	English
Exam Price:	₹1500 + GST
Exam Format:	Multiple Choice Questions (MCQs), Negative marking: 25% per wrong answer
Certificate Validity Period:	3 years
Passing Score:	50%
Exam Duration:	120 minutes
Recommended Training:	Official NISM Study Material & Workbook
Exam Registration:	NISM Certification Portal
Sample Questions:
Exam Way:	Computer-Based Test (CBT), conducted at designated test centers across India
Pre Condition:	No mandatory prerequisites; open to individuals aged 18 and above, regardless of educational background
Official Syllabus URL:	https://www.nism.ac.in/securities-operations-and-risk-management/

NISM NISM-Series-VII Exam Syllabus Topics:

NISM-Series-VII Exam FAQs for 2026 Candidates

Which certification does the NISM-Series-VII exam lead to?

The NISM-Series-VII exam is the official National Institute of Securities Markets (NISM) exam behind the Securities Operations and Risk Management Certification certification, validating the skills measured by the NISM Series VII - Securities Operations and Risk Management Certification credential. It sits at the Associate level of the National Institute of Securities Markets (NISM) certification program.

How many questions are on the NISM-Series-VII exam, and how much time do I get?

The NISM-Series-VII exam contains 100 questions to be completed within 120 minutes. Before exam day, divide the available time by the question count to work out a comfortable per-question pace, and mark any item that eats into it so you can return later instead of getting stuck. Timed sessions in the Getcertkey test engines make that pacing automatic — run at least two full-length mock exams under the clock so time pressure never becomes the reason you drop points.

What score do I need to pass the NISM-Series-VII exam, and what does it cost?

The passing score for the NISM-Series-VII exam is 50%, and the official registration fee is ₹1500 + GST. Retakes are not discounted — every new attempt means paying the full fee again — so it pays to measure yourself before you book. Work through the 334 practice questions on Getcertkey, sit a timed practice test, and schedule your exam only when your scores are consistently comfortable. That simple habit is the cheapest exam strategy there is.

Are there any prerequisites for the NISM-Series-VII exam?

No mandatory prerequisites; open to individuals aged 18 and above, regardless of educational background Requirements can change when National Institute of Securities Markets (NISM) revises its certification program, so confirm the current eligibility rules on the official exam page before you register.

How do I register for the NISM-Series-VII exam?

You can book the NISM Series VII - Securities Operations and Risk Management Certification exam through the official registration channels below:

• NISM Certification Portal

As for delivery, the exam is offered in the following format: Computer-Based Test (CBT), conducted at designated test centers across India. Choose the option that suits you best when you book your seat.

What official training is recommended for the NISM-Series-VII exam?

National Institute of Securities Markets (NISM) recommends the following training resources for the NISM Series VII - Securities Operations and Risk Management Certification exam:

• Official NISM Study Material & Workbook

Official courses build the foundation; the 334 practice questions from Getcertkey then show you how that knowledge is examined, so the two work best together.

Can I try the NISM-Series-VII practice questions before I buy?

Yes. Getcertkey provides a free NISM-Series-VII PDF demo so you can review the question style and answer quality before purchasing. Every purchase also includes 365 days of free updates — if NISM revises the exam during that period, the updated material reaches you at no cost. Once the free-update year ends, you can extend your update service at a 50% discount.

What if I fail the NISM-Series-VII exam, and how is my order delivered?

Every NISM Series VII - Securities Operations and Risk Management Certification purchase on Getcertkey is covered by a 100% money-back guarantee with clear conditions: if you take the corresponding exam within 60 days of your purchase and do not pass, you can claim a full refund by submitting a scanned copy of your exam enrollment slip and your official score report as a PDF within two days of the exam date; claims are processed within seven days of submission. The guarantee does not apply to exams taken within three days of purchase, to material that was downloaded but never used in an exam attempt, or to free products and expired orders, and the candidate name must match the payer name. If you would rather not take a refund, you can instead exchange your purchase for two free exam preparation products of equal value and keep the update service on your original product.

Delivery is instant: your download is sent to your email within one minute of payment, with no limit on how many computers you may install the material on. If nothing arrives within two hours, check your spam folder and contact customer service for help.

What topics are covered in the NISM-Series-VII exam?

The NISM Series VII - Securities Operations and Risk Management Certification exam blueprint is organized into 8 domains. The first three are:

• Securities Market Overview — 10% of the exam
• Regulatory Framework — 15% of the exam
• Market Microstructure — 12% of the exam

For the complete domain-by-domain breakdown, scroll up to the full exam topics outline above and use it to plan how you distribute your study time.

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

Question 1

A claim against a defaulter trading member is received by the Stock Exchange after three years from the date of expiry of the specified period for lodging claims. How is such a claim categorized under the IPF guidelines?

A. It is referred to the SEBI Complaints Redressal System (SCORES) for arbitration.
B. It is automatically rejected and cannot be pursued in any forum.
C. It is treated as a priority claim but paid only after all timely claims are settled.
D. It may be dealt with as a civil dispute.
E. It is eligible for 50% of the compensation limit applicable to timely claims.

Question 2

In the General Clearing Process for the Cash Segment under the T+1 rolling settlement cycle, by what specific time must the custodial confirmation of trades be completed on the T+1 day?

A. By 11:00 AM on T+1 Day
B. By 1:30 PM on T+1 Day
C. By 9:00 AM on T+1 Day
D. By 4:15 PM on T Day
E. By 7:30 AM on T+1 Day

Question 3

Regarding the premium settlement for option contracts, at what level is the premium payable or receivable value computed by the Clearing Corporation?

A. Netting is done across all option contracts for a specific underlying security at the client level.
B. Netting at the Clearing Member level across all segments.
C. After netting the premium payable or receivable positions at the Trading Member/Custodial Participant level for each option contract.
D. Gross at the Trading Member level but netted at the Clearing Member level.
E. Gross at the individual client level without any netting.

Question 4

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

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

Question 5

If the Core SGF is utilized during a calendar month due to a default, specific rules apply to the replenishment of contributions by members. Which of the following is the correct restriction on such replenishment?

A. Members are liable to replenish the fund only if the default amount exceeds Rs. 100 Crore.
B. Members must replenish the fund immediately after every default without any limit on the number of times in a month.
C. Replenishment is voluntary and depends on the profitability of the non-defaulting members.
D. Contribution towards replenishment by members is restricted to only once during a period of 30 calendar days, regardless of the number of defaults during the period.
E. Replenishment is deferred to the next financial quarter to avoid liquidity stress on members.

Solutions: