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Most NISM Series VII - Securities Operations and Risk Management Certification candidates are working IT professionals — people who can't sit in scheduled training classes. NewPassLeader was built for them: NISM-Series-VII practice questions in self-paced formats that fit around a job, not the other way around.

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
Certificate Validity Period:3 years
Related Certifications:NISM-Series-II: Registrars to an Issue and Share Transfer Agents - Corporate Certification Examination
NISM-Series-V-A: Mutual Fund Distributors Certification Examination
NISM-Series-XII: Securities Markets Foundation Certification Examination
NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination
NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination
NISM-Series-VIII: Equity Derivatives Certification Examination
NISM-Series-IX: Merchant Banking Certification Examination
NISM-Series-I: Currency Derivatives Certification Examination
NISM-Series-IV: Interest Rate Derivatives Certification Examination
NISM-Series-VI: Depository Operations Certification Examination
NISM-Series-III: Securities Intermediaries Compliance (Non-Fund) Certification Examination
NISM-Series-V-B: Mutual Fund Foundation Certification Examination
NISM-Series-XI: Equity Sales Certification Examination
Exam Price:₹1,500
Passing Score:50%
Exam Duration:120 minutes
Exam Format:Multiple Choice Questions
Real Exam Qty:100
Available Languages:English
Sample Questions: DOWNLOAD DEMO
Exam Way:Online (Computer-based) at NISM test centers
Pre Condition:Associated persons of a registered stock-broker / trading member/clearing member in recognized stock exchanges, involved in: assets or funds of investor or clients; redressal of investor grievances; internal control or risk management; activities having a bearing on operational risk. Also open to interested students/professionals and other individuals.
Official Syllabus URL:https://www.nism.ac.in/securities-operations-and-risk-management

NISM NISM-Series-VII Exam Syllabus Topics:

SectionObjectives
Risk Management- Risk management in a securities broking firm
  • 1. Compliance and control measures
  • 2. Identifying and mitigating risks
Securities Broking Operations- Front Office, Middle Office and Back Office functions in a Securities Broking Firm
  • 1. Settlement processing
  • 2. Trade execution
  • 3. Risk management
Investor Grievance Redressal- Process of investor grievances redressal
  • 1. Regulatory requirements
  • 2. Procedures for handling complaints
Trade Life Cycle- Steps and participants involved in the trade life cycle
  • 1. Role of the back office in a securities broking firm
  • 2. Clearing and settlement process
Indian Securities Market- Overview of the Indian securities market
  • 1. Different products traded
  • 2. Various market participants and their roles
Regulatory Framework- Role of the Securities and Exchange Board of India (SEBI)
  • 1. Investor protection
  • 2. Regulatory oversight

Everything About the NISM NISM-Series-VII Exam in One FAQ

Delivery takes seconds to minutes: payment clears, download links go live, and an email copy arrives almost immediately — install on as many computers as you need, and contact support if 2 hours pass with nothing. For the what-if: take the corresponding NISM-Series-VII exam within 60 days of purchase, and if you fail, apply for a full refund by submitting a scanned enrollment slip and your official Score Report PDF within 2 days of the exam — we process it within 7 days. Conditions: exams taken within 3 days of purchase don't qualify, the candidate's name must match the payer's, and free or expired products are excluded. Or exchange for two equal-value exam products free and keep the updates.

The NISM Series VII - Securities Operations and Risk Management Certification is the official NISM exam behind the National Institute of Securities Markets certification at the Professional Certification level. It's how the vendor verifies that your skills meet its standard — and how employers know they do. Related credentials include NISM-Series-I: Currency Derivatives Certification Examination, NISM-Series-II: Registrars to an Issue and Share Transfer Agents - Corporate Certification Examination, NISM-Series-III: Securities Intermediaries Compliance (Non-Fund) Certification Examination, NISM-Series-IV: Interest Rate Derivatives Certification Examination, NISM-Series-V-A: Mutual Fund Distributors Certification Examination, NISM-Series-V-B: Mutual Fund Foundation Certification Examination, NISM-Series-VI: Depository Operations Certification Examination, NISM-Series-VIII: Equity Derivatives Certification Examination, NISM-Series-IX: Merchant Banking Certification Examination, NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination, NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination, NISM-Series-XI: Equity Sales Certification Examination, NISM-Series-XII: Securities Markets Foundation Certification Examination, useful context if you're mapping a longer certification path.

100 questions, 120 minutes on the clock. That ratio is the real exam-within-the-exam: budget your time per question, learn to flag and move on, and rehearse in the NewPassLeader engine under real timing until finishing comfortably becomes your default.

The NISM Series VII - Securities Operations and Risk Management Certification blueprint divides into 6 domains, with Indian Securities Market, Investor Grievance Redressal, Securities Broking Operations among the headline areas. Let the weightings steer your hours — they tell you where the questions concentrate. The full outline above shows every subtopic.

Registration costs ₹1,500, and passing requires 50%. Credit card is the standard, secure way to pay — and note the fee applies per attempt, so a retake costs full price again. Practicing with the 334 questions from NewPassLeader until your mock scores clear the bar comfortably is the cheaper insurance.

Associated persons of a registered stock-broker / trading member/clearing member in recognized stock exchanges, involved in: assets or funds of investor or clients; redressal of investor grievances; internal control or risk management; activities having a bearing on operational risk. Also open to interested students/professionals and other individuals. Vendor policies evolve, so before booking, confirm the latest eligibility details on the official exam page (official NISM-Series-VII exam information).

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

SEBI has issued guidelines regarding the discontinuation of usage of pool accounts for transactions in units of Mutual Funds on Stock Exchange Platforms. Under this framework, which of the following practices is explicitly **PERMITTED** as an exception to the general rule against routing units through pool accounts?

  • A. Pooling of redemption proceeds in the broker's settlement account for deduction of statutory levies before payout to the client.
  • B. Holding non-demat units in a 'Client Unpaid Securities Account' if the client defaults on the subscription payment.
  • C. Issuance of Delivery Instruction Slip (DIS) to the Depository Participant to debit units held in dematerialized mode for delivery to the Clearing Corporation during redemption.
  • D. Crediting subscription units to the broker's pool account for reconciliation before transferring to the client.
  • E. Routing funds for subscription through the broker's clearing bank account for clients availing margin trading facilities.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for NewPassLeader members. You can sign-up / login (it's free).

In the event of a failure by a selling broker to deliver securities in the normal T+1 rolling settlement, the Clearing Corporation initiates a
'Close Out' procedure if the auction fails or is not applicable. Consider a scenario where a trade was executed on Monday (T) at Rs. 500.
The auction was scheduled for Tuesday (T+1 ) but no shares were offered. The highest price prevailing across the Exchange from Monday to Tuesday was Rs. 540. The official closing price on Tuesday (Close-out day) was Rs. 550. At what price will the transaction be closed out?

  • A. Rs. 660 (20% above the official closing price on the close out day)
  • B. Rs. 540 (Highest price from T to Close-out day)
  • C. Rs. 648 (20% above the highest prevailing price)
  • D. Rs. 550 (Official closing price on Close-out day)
  • E. Rs. 600 (Highest price + 20% penalty)
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for NewPassLeader members. You can sign-up / login (it's free).

A transferee (buyer) in the depository system wishes to receive securities into their demat account. What is the operational requirement regarding 'Standing Instructions' (SI) for this process?

  • A. If 'Standing Instructions' are not given, the transferee must give separate Receipt Instructions each time to the DP to receive securities.
  • B. Standing Instructions allow the DP to debit the account without a Delivery Instruction Slip (DIS).
  • C. Standing Instructions are valid only for off-market transfers and not for market trades.
  • D. The SI functionality has been replaced entirely by the Demat Debit and Pledge Instruction (DDPI).
  • E. Standing Instructions are mandatory for all accounts; without them, the account remains inactive.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for NewPassLeader members. You can sign-up / login (it's free).

If an auction seller, who participated to fulfill a short delivery, fails to deliver the securities on the auction pay-in day, the deal is closed out. What is the specific pricing formula used to charge the defaulting auction seller in this instance?

  • A. Highest price prevailing on the Exchange on the auction day only.
  • B. The price at which the auction offer was originally accepted plus a 5% penalty.
  • C. The maximum price of the security recorded during the entire settlement cycle.
  • D. Official closing price on the close out day plus the auction premium.
  • E. Highest price from trade day to close out day OR 20% over official closing price on the close out day, whichever is higher.
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

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Regarding the utilization of interest or income received out of investments made from the Investor Protection Fund (IPF), which of the following statements accurately reflects the regulatory mandate for ploughing back funds into the corpus?

  • A. At least 70% of interest or income from IPF received every year shall be ploughed back to IPF.
  • B. 100% of the interest or income received every year must be strictly used for settling claims and cannot be reinvested.
  • C. Only the interest earned on the security deposit of the issuer companies is ploughed back; other income is free for use.
  • D. The entire interest income must be transferred to the Investor Services Fund (ISF) annually.
  • E. At least 50% of the interest or income must be ploughed back, while the remaining 50% can be used for administrative expenses.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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