NISM Series XIII

NISM Series XIII: Common Derivatives Certification Exam

If you’re planning to appear for the NISM Series XIII: Common Derivatives Certification Exam, you’re already on the path to deepening your understanding of India’s derivatives market—a key segment of the financial industry. This exam is not just a regulatory requirement for certain market roles; it’s also a crucial step for anyone looking to build serious expertise in equity and currency derivatives trading.

Whether you’re a student of finance, a working professional in capital markets, or an aspiring trader, preparing thoroughly for this certification can make a real difference. And the best part? You don’t have to do it alone or rely solely on heavy textbooks. With the right strategy and tools, you can streamline your preparation and walk into the exam room with confidence.

Why the NISM Series XIII Certification Matters

The NISM (National Institute of Securities Markets) Series XIII certification focuses on equity and currency derivatives—two instruments widely used for hedging, speculation, and arbitrage in India’s capital markets. The certification is mandatory for professionals working with members of stock exchanges dealing in derivatives segments, especially if they’re involved in trading, clearing, or settlement.

Passing this exam not only ensures regulatory compliance but also enhances your employability in stock broking firms, investment advisory services, trading desks, and financial institutions.

The syllabus includes a variety of critical topics:

  • Basics of derivatives
  • Trading strategies using futures and options
  • Clearing, settlement, and risk management
  • Legal and regulatory framework

It’s a comprehensive course that requires not just understanding the theory but also applying it in real-world scenarios. That’s where mock tests can help tremendously.

Take Your Prep to the Next Level with Our FREE Mock Test

To support your exam journey, we’re offering a FREE, high-quality Mock Test crafted specifically for the NISM Series XIII exam. Here’s what makes it a valuable addition to your preparation toolkit:

✅ Real Exam-Like Questions

The mock test includes questions modeled on the actual exam pattern and difficulty level. It covers a balanced mix of theory, calculations, and application-based problems, allowing you to get familiar with the kind of questions you’ll face.

⚡ Instant Results with Detailed Explanations

Once you complete the test, you’ll receive instant feedback on your score. Each question comes with a detailed explanation, so you’ll not only know whether you got it right or wrong—but why. This feature helps reinforce concepts and clear up common mistakes.

🎯 100% Free – No Registration Required

We believe that quality exam prep should be accessible to everyone. That’s why this mock test is completely free—no registration, no payment, no email signup. Just click, take the test, and start learning.

Who Should Take This Test?

Our free mock test is ideal for:

  • 📘 Finance students are preparing for internships or placements in trading, investment analysis, or risk management.
  • 💼 Market professionals need to pass the NISM exam as a compliance requirement.
  • 📈 Aspiring traders who want to gain practical knowledge of derivatives before entering the market.

Even if you’re just curious about how derivatives work in India’s financial system, this mock test can serve as a great self-assessment tool.

How to Maximize the Benefit of This Mock Test

  • Simulate real exam conditions: Time yourself while taking the test to practice completing it within the 2-hour window.
  • Review every explanation: Even if you answered correctly, read the explanation to reinforce your understanding.
  • Retake as needed: Use the test as a progress tracker by taking it again after additional study sessions.

Ready to Test Your Knowledge?

If you’re serious about clearing the NISM Series XIII exam on your first try, don’t miss this opportunity to practice with realistic, high-quality questions.

👉 Click here to take the FREE NISM Series XIII Mock Test

No cost. No registration. Just solid preparation.

NISM Series XIII Mock Test 1

Here are 50 sample MCQs to help you prepare for the NISM Series XIII: Common Derivatives Certification Examination.

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1. Which of the following is a bullish strategy?

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2. Which one is true about SEBI’s regulation on derivatives?

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3. A covered call strategy involves:

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4. Long straddle involves

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5. Which of these is NOT a characteristic of a forward contract?

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6. A put option becomes profitable when:

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7. Which one of the following statements is FALSE?

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8. Futures trading helps in:

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9. Put option is in-the-money when:

10 / 50

10. Option premium increases with:

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11. Exposure margin is collected for:

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12. Shorting in derivatives means:

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13. Which of the following is NOT an example of a derivative?

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14. If spot = ₹100 and futures = ₹110, arbitrageur will:

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15. A call option gives the holder the:

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16. A derivative derives its value from:

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17. The maximum loss in buying a call option is:

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18. Which of these best defines basis in futures trading?

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19. The counterparty risk in exchange-traded derivatives is borne by:

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20. Mark-to-market losses are settled:

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21. A long futures position means:

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22. A speculator aims to:

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23. Mark-to-market margin is calculated:

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24. Futures contracts are:

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25. Which of the following instruments is used for hedging index exposure?

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26. The term 'lot size' in derivatives refers to:

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27. Intrinsic value of a call option =

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28. Which group is NOT allowed to take speculative positions?

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29. Which of the following is true about put options?

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30. Maximum loss for a short straddle is:

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31. At-the-money option means:

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32. Protective put strategy includes:

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33. Which of these is true about a European option?

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34. In India, index derivatives are available on:

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35. Hedging using futures helps to:

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36. Which of the following is a derivative instrument?

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37. Which strategy benefits from both upward and downward movements?

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38. A trader sells a future and buys the same stock. He is:

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39. Index derivatives are based on:

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40. The expiry day for equity derivatives in India is:

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41. A speculator's aim in derivatives is to:

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42. Margin money in futures contracts is meant to:

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43. Option premium is:

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44. Profit for call option buyer =

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45. If a put is bought at ₹10 premium with a strike of ₹100 and spot is ₹85 at expiry, profit =

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46. The initial margin is collected to:

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47. Which strategy profits from low volatility?

48 / 50

48. If index is volatile, the SPAN margin will:

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49. Who is a hedger in the derivatives market?

50 / 50

50. Arbitrage means:

Your score is

The average score is 72%

0%

This mock test will help you familiarize yourself with the exam format, assess your knowledge, and identify areas that may need further study.

MOCK TEST – NISM Series XIII: Common Derivatives Certification Exam

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Good luck with your preparation for the NISM Series XIII Exam!

For the latest and most accurate information, please visit the NISM website at https://certifications.nism.ac.in/nismaol/.

List of NISM Certification Exams