NISM AcademyNISM Series VII Securities Operations and Risk Management: exam pattern, syllabus and mock tests
For operations, back-office and risk staff at brokers and clearing members. NISM Series VII covers the trade lifecycle from order to settlement: trading, clearing, margins, risk management, depositories and investor grievance handling.
NISM Series VII exam pattern at a glance
- Questions
- 100
- Duration
- 120 minutes
- Total marks
- 100
- Passing score
- 50% (50/100)
- 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 VII page before you book.
Who should take NISM Series VII?
People working in operations, risk, clearing and settlement at stock brokers and clearing members.
Why you need it: Required for associated persons doing operations and risk functions at trading members.
NISM Series VII syllabus: 8 chapters
- Introduction to the Securities Market
- Market Participants in the Securities Market
- Introduction to Securities Broking Operations
- Risk Management
- Clearing Process
- Settlement Process
- Investor Grievances and Arbitration
- Other Services Provided by Brokers
How to prepare for NISM Series VII
Learn the trade lifecycle in order. Settlement timelines and margin types come up again and again.
Not sure where you stand?
Take the free NISM Series VII 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 VII FAQs
What is NISM Series VII?
NISM Series VII is the Securities Operations and Risk Management Certification Examination conducted by the National Institute of Securities Markets. Required for associated persons doing operations and risk functions at trading members.
How many questions are in NISM Series VII?
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 VII?
You need 50%, which is 50 out of 100 marks.
Is there negative marking in NISM Series VII?
Yes. 25% of a question’s marks are deducted for each wrong answer. Unattempted questions score zero.
How should I prepare for NISM Series VII?
Learn the trade lifecycle in order. Settlement timelines and margin types come up again and again.
How do I register for NISM Series VII?
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 VII certificate valid?
Three years from the date you pass.