NISM NISM-Series-VII dumps - in .pdf

NISM-Series-VII pdf
  • Exam Code: NISM-Series-VII
  • Exam Name: NISM Series VII - Securities Operations and Risk Management Certification
  • Updated: Aug 26, 2026
  • Q & A: 334 Questions and Answers
  • PDF Price: $59.99
  • Free Demo

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  • Exam Code: NISM-Series-VII
  • Exam Name: NISM Series VII - Securities Operations and Risk Management Certification
  • Updated: Aug 26, 2026
  • Q & A: 334 Questions and Answers
  • PDF Version + PC Test Engine + Online Test Engine
  • Value Pack Total: $119.98  $79.99
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NISM NISM-Series-VII dumps - Testing Engine

NISM-Series-VII Testing Engine
  • Exam Code: NISM-Series-VII
  • Exam Name: NISM Series VII - Securities Operations and Risk Management Certification
  • Updated: Aug 26, 2026
  • Q & A: 334 Questions and Answers
  • Software Price: $59.99
  • Testing Engine

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NISM NISM-Series-VII Exam Syllabus Topics:

SectionObjectives
Topic 1: Clearing and Settlement- Clearing mechanisms
  • 1. Netting and settlement obligations
    • 2. Clearing corporations and counterparties
      - Settlement systems
      • 1. T+1/T+2 settlement cycles
        • 2. Margining and risk adjustments
          Topic 2: Securities Market Operations- Trading process
          • 1. Trade confirmation and reporting
            • 2. Order execution and trade lifecycle
              - Market participants and structure
              • 1. Roles of brokers, exchanges, and investors
                • 2. Order types and trading mechanism basics
                  Topic 3: Risk Management in Securities Markets- Risk mitigation systems
                  • 1. Surveillance and compliance mechanisms
                    • 2. Margins and collateral systems
                      - Market and operational risk
                      • 1. Operational risk controls
                        • 2. Types of financial risks
                          Topic 4: Depository Operations- Corporate actions
                          • 1. Record dates and entitlement processing
                            • 2. Dividends, bonuses, splits
                              - Demat account framework
                              • 1. Account opening and maintenance
                                • 2. NSDL and CDSL roles

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

                                  1. Indian Depository Receipts (IDRs) allow foreign companies to raise funds from the Indian securities markets. Which of the following statements accurately reflects the rules regarding the redemption or conversion of IDRs into underlying equity shares?

                                  A) Redemption/Conversion is permitted after 1 year from the date of listing of the IDRs.
                                  B) Redemption is permitted immediately upon listing of the IDRs.
                                  C) Redemption is permitted only after 3 years from the date of listing.
                                  D) IDRs can only be converted into underlying shares if the issuer is a US-based company.
                                  E) Two-way fungibility is strictly prohibited for IDRs.


                                  2. In the context of the 'Trade to trade' or 'Gross obligations' method for determining settlement obligations, how are a member's funds obligations calculated?

                                  A) Funds pay-in and pay-out are both calculated on a netted basis across all clients.
                                  B) Funds pay-in is equivalent to the cumulative value of buy transactions, and funds pay-out is equivalent to the cumulative sell value.
                                  C) Funds obligations are determined solely based on the netted quantity of securities delivered.
                                  D) Funds pay-in is the cumulative buy value minus 20% margin, and pay-out is the cumulative sell value.
                                  E) Funds pay-in is the net of cumulative buy and sell values, while funds pay-out is zero.


                                  3. In the context of the clearing and settlement process within the depository system, SEBI vide its circular dated June 05, 2024, mandated a significant change regarding the pay-out of securities. Which of the following statements accurately describes this revised mechanism?

                                  A) The direct pay-out mechanism is mandatory for all clients, including those having arrangements with SEBI registered custodians.
                                  B) Securities are held in a temporary 'Transit Account' by the Depository until the client issues a Receipt Instruction.
                                  C) Securities for pay-out must be credited to the Clearing Member's Pool Account, who then has 24 hours to transfer them to the client.
                                  D) Securities for pay-out shall be credited directly to the respective client's demat account by the Clearing Corporations.
                                  E) The timing of the payout of securities remains 1 PM despite the direct credit mechanism.


                                  4. When a delivery shortage is identified before the auction is conducted, the Clearing Corporation debits the clearing member by an amount equivalent to the securities not delivered, valued at a specific price. What is this pre-auction debit transaction formally called?

                                  A) Auction Entry Fee
                                  B) Valuation Debit
                                  C) Provisional Margin Call
                                  D) Close-out Penalty
                                  E) Shortage Collateral Block


                                  5. With the implementation of direct pay-out of securities to client accounts by Clearing Corporations, what is the revised timing for the pay- out of securities in the T+1 rolling settlement cycle?

                                  A) 9:00 AM on T+2 day
                                  B) 10:30 AM on T+1 day
                                  C) End of Day (EOD) on T day
                                  D) 3:30 PM on T+1 day
                                  E) 1:30 PM on T+1 day


                                  Solutions:

                                  Question # 1
                                  Answer: A
                                  Question # 2
                                  Answer: B
                                  Question # 3
                                  Answer: D
                                  Question # 4
                                  Answer: B
                                  Question # 5
                                  Answer: D

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