NISM AcademyNISM Series I Currency Derivatives: exam pattern, syllabus and mock tests
For people dealing in exchange-traded currency futures and options. NISM Series I covers currency markets, exchange rates, currency futures and options, hedging and the rules for the currency derivatives segment.
NISM Series I exam pattern at a glance
- Questions
- 100
- Duration
- 120 minutes
- Total marks
- 100
- Passing score
- 60% (60/100)
- Negative marking
- 25% per wrong answer
- Exam fee
- ₹1,500 + charges
- Certificate valid
- 3 years
100 multiple-choice questions, 1 mark each. Fees and pattern are set by NISM and can change, so confirm on the official NISM Series I page before you book.
Who should take NISM Series I?
Approved users and sales staff in the currency derivatives segment, and treasury staff who hedge forex exposure.
Why you need it: Required for associated persons in the currency derivatives segment of a recognised exchange.
NISM Series I syllabus: 10 chapters
- Introduction to Currency Markets
- Foreign Exchange Derivatives
- Exchange Traded Currency Futures
- Exchange Traded Currency Options
- Strategies using Exchange Traded Currency Derivatives
- Trading Mechanism in Exchange Traded Currency Derivatives
- Clearing, Settlement and Risk Management in Exchange Traded Currency Derivatives
- Regulatory Framework for Exchange Traded Currency Derivatives
- Accounting and Taxation
- Code of Conduct and Investor Protection Measures
How to prepare for NISM Series I
Get comfortable reading quotes and working through importer/exporter hedging examples.
Not sure where you stand?
Take the free NISM Series I level check. It takes about 30 minutes, needs no payment, and tells you which chapters to study first. Launch offer: free for our first 100 users. Log in and every mock test, note and flashcard is unlocked.
Start the level checkNISM Series I FAQs
What is NISM Series I?
NISM Series I is the Currency Derivatives Certification Examination conducted by the National Institute of Securities Markets. Required for associated persons in the currency derivatives segment of a recognised exchange.
How many questions are in NISM Series I?
The exam has 100 multiple-choice questions, 1 mark each, for a total of 100 marks. You get 120 minutes.
What is the passing score for NISM Series I?
You need 60%, which is 60 out of 100 marks.
Is there negative marking in NISM Series I?
Yes. 25% of a question’s marks are deducted for each wrong answer. Unattempted questions score zero.
How should I prepare for NISM Series I?
Get comfortable reading quotes and working through importer/exporter hedging examples.
How do I register for NISM Series I?
Create an account on NISM’s certification portal, choose the exam, pick a test centre or remote-proctored slot, and pay the fee online. NISM Academy can’t register you; we link you to the official portal.
How long is the NISM Series I certificate valid?
Three years from the date you pass.