The NISM Series I Currency Derivatives mock test gives you 100 questions in 2 hours, matching the exact NISM certification exam pattern. Practice currency futures, options, hedging strategies and regulatory framework, then get your score and chapter wise analysis right after submission.
NISM Series I Currency Derivatives Mock Test Exam Pattern
The NISM Series I exam has 100 questions worth 100 marks, completed in 2 hours.
| Detail | Value |
|---|---|
| Total Questions | 100 |
| Total Marks | 100, 1 mark per question |
| Duration | 2 hours |
| Negative Marking | 25 percent of the question mark, so 0.25 per wrong answer |
| Passing Score | 60 percent |
| Certificate Validity | 3 years |
Since every wrong answer costs 0.25 marks, skip a question rather than guess unless you can eliminate at least 2 options.
NISM Series I Mock Test Chapter Wise Weightage
The exam draws questions from 6 chapters in the NISM workbook, and each chapter carries a fixed weightage. Focus your mock test practice according to this weightage for the best score gain per hour of study.
| Chapter | Weightage |
|---|---|
| Introduction to Currency Markets | 10% |
| Exchange Traded Currency Futures and Options | 20% |
| Strategies Using Currency Derivatives | 12% |
| Trading Mechanism | 10% |
| Clearing, Settlement and Risk Management | Included in remaining weightage |
| Regulatory Framework | 10% |
Exchange Traded Currency Futures and Options carries the highest weightage, so master pricing and contract specifications here before moving to other chapters.
NISM Series I Mock Test Topics by Chapter
Introduction to Currency Markets Mock Test
- Foreign exchange market structure and how spot, forward and derivative markets connect
- Interest Rate Parity and its formula linking interest rates to forward exchange rates
- Purchasing Power Parity and long run exchange rate adjustment theory
- The FBIL Reference Rate and its role in settlement pricing
Exchange Traded Currency Futures and Options Mock Test
- Contract specifications for USDINR, EURINR, GBPINR and JPYINR
- Futures pricing and cost of carry calculations
- Options pricing models and premium calculation
- Lot size differences, such as JPYINR at 100,000 units against 1,000 units for the other 3 pairs
Strategies Using Currency Derivatives Mock Test
- Hedging strategies for importers and exporters managing currency exposure
- Speculation and arbitrage strategies using futures and options
- Spread strategies across contract months
Trading Mechanism Mock Test
- Order types and trading system mechanics on exchanges
- Margin requirements and position limits
- Clearing and settlement procedures for currency derivatives
Regulatory Framework Mock Test
- SEBI regulations for exchange traded currency derivatives
- RBI’s role in overall foreign exchange policy
- Reporting obligations and compliance requirements for market participants
How to Start the NISM Series I Mock Test
Start your first NISM Series I Currency Derivatives mock test in under 2 minutes.
- Click the Start NISM Series I Currency Derivatives Mock Test Now button on this page.
- Choose a full length test or a chapter wise practice set.
- Attempt all questions within the 2 hour timer.
- Submit the test to see your score, accuracy and chapter wise breakdown at once.
The mock test works on mobile, tablet and desktop with no app download needed.
Negative Marking Strategy for the NISM Series I Mock Test
Every wrong answer deducts 0.25 marks, so accuracy matters more than attempt count. Build your exam strategy around this rule from your first mock test onward.
- Attempt a question only when you can rule out at least 2 of the 4 options.
- Prioritize formula based questions on Interest Rate Parity and futures pricing, since these appear consistently across practice sets.
- Track your net score, not just your raw attempt count, after every mock test.
Who Should Take This NISM Series I Mock Test
- Dealers and sales personnel at trading members of currency derivatives segments who need this certification to trade.
- Forex dealers and treasury professionals at banks who manage currency exposure.
- Students and finance professionals building a career in currency derivatives trading or risk management.
Frequently Asked Questions
How many questions are in the NISM Series I Currency Derivatives exam?
The exam has 100 questions worth 100 marks, completed in 2 hours.
Is there negative marking in the NISM Series I exam?
Yes, 25 percent of the question’s mark is deducted for each wrong answer, which works out to 0.25 marks per incorrect response.
What is the passing score for the NISM Series I Currency Derivatives exam?
Candidates need 60 percent to pass, which means scoring at least 60 marks out of 100 after negative marking deductions.
Which currency pairs does the NISM Series I exam cover?
The exam covers 4 currency pairs: USDINR, EURINR, GBPINR and JPYINR. USDINR carries the most weightage in contract specification and pricing questions.
Is the NISM Series I Currency Derivatives mock test free?
Yes, this mock test is free to attempt. Click Start NISM Series I Currency Derivatives Mock Test Now on this page to begin without payment.
