NISM Series VII - Securities Operations and Risk Management Certification - NISM-Series-VII

NISM NISM-Series-VII test insides dumps
  • Exam Code: NISM-Series-VII
  • Exam Name: NISM Series VII - Securities Operations and Risk Management Certification
  • Updated: Oct 07, 2026
  • Q & A: 334 Questions and Answers
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NISM NISM-Series-VII Exam Syllabus Topics:

SectionObjectives
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
Regulatory Framework- Role of the Securities and Exchange Board of India (SEBI)
  • 1. Regulatory oversight
  • 2. Investor protection
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
Indian Securities Market- Overview of the Indian securities market
  • 1. Various market participants and their roles
  • 2. Different products traded
Investor Grievance Redressal- Process of investor grievances redressal
  • 1. Procedures for handling complaints
  • 2. Regulatory requirements
Risk Management- Risk management in a securities broking firm
  • 1. Identifying and mitigating risks
  • 2. Compliance and control measures

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

Question #1

Regarding the limitation period for filing complaints, what is the maximum time period from the 'date of cause of action' within which an investor must lodge a complaint on SCORES, provided they have first approached the concerned entity and are unsatisfied with the response?

  • A. Six months
  • B. Five years
  • C. Three years
  • D. One year
  • E. Two years
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

In the context of the SEBI Complaints Redress System (SCORES), certain types of complaints are explicitly excluded from its purview Which of the following scenarios represents a complaint that is NOT dealt with through SCORES?

  • A. Complaint against a company where a moratorium order is passed in insolvency proceedings
  • B. Complaint regarding discrepancy in the demat account holding statement
  • C. Complaint regarding non-receipt of dividend from a listed company
  • D. Complaint regarding non-receipt of refund in an Initial Public Offer (IPO)
  • E. Complaint regarding unauthorized trading by a registered stock broker
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

Regarding the facility provided by Clearing Corporations to Clearing Members for the pay-in of securities through NSDL/CDSL, which automated mechanism is available to streamline the process?

  • A. Auto-pledge of client securities directly to the Clearing Corporation without broker intervention.
  • B. Auto-borrowing of securities from the Securities Lending and Borrowing (SLB) platform to meet shortfalls.
  • C. Automatic debit of the client's bank account for the value of securities short delivered.
  • D. Delivery-out instructions generated automatically by the Clearing Corporation based on the net delivery obligations of its Clearing Members.
  • E. Automatic conversion of physical shares to demat shares on the pay-in date.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

To facilitate members in meeting their pay-in obligations for a subsequent settlement on a day with multiple settlements due to holidays, what specific requirement is imposed on Depositories regarding inter-depository transfers?

  • A. Depositories must suspend inter-depository transfers until all settlements for the day are concluded.
  • B. Depositories are required to waive the transaction charges for inter-depository transfers executed on such days.
  • C. Depositories shall facilitate inter-depository transfers within one hour and before pay-in for the subsequent settlement begins.
  • D. Depositories must process transfers instantly using the API-based immediate transfer mechanism.
  • E. Depositories must allow transfers only after the pay-out of the subsequent settlement is complete.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

SEBI has mandated the Direct Pay-out of securities to client demat accounts. What is the specific operational consequence of this mandate regarding the revision of the securities pay-out timing in the T+1 settlement cycle?

  • A. The pay-out timing is synchronized with the funds pay-out at 10:30 AM.
  • B. The pay-out timing is revised from 1:30 PM to 3:30 PM.
  • C. The pay-out timing is advanced from 1:30 PM to 11 AM.
  • D. The pay-out timing is deferred to T+2 day at 9:00 AM.
  • E. The pay-out timing remains unchanged at 1 :30 PM.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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