Try and practice the latest NISM : NISM-Series-VII real questions & answers

Last Updated: Sep 13, 2026

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Failing the NISM-Series-VII exam means paying the full registration fee a second time, and in 2026 that is a cost few candidates want to repeat. Actual4Cert helps you walk in prepared, with 334 practice questions mapped to the current NISM Series VII - Securities Operations and Risk Management Certification objectives.

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-SORM
Certificate Validity Period:3 years
Exam Duration:120 minutes
Passing Score:60%
Real Exam Qty:100
Available Languages:English, Hindi
Exam Format:Computer-based Test (CBT), Multiple Choice Questions (MCQ)
Exam Price:INR 1500
Recommended Training:NISM Certification Study Resources
NISM Official Workbook - Series VII SORM
Exam Registration:NISM Certification Registration Portal
NISM Official Website
Sample Questions: DOWNLOAD DEMO
Exam Way:Computer-based test at designated test centers or proctored online mode depending on NISM scheduling
Pre Condition:No formal prerequisite required
Official Syllabus URL:https://www.nism.ac.in

NISM NISM-Series-VII Exam Syllabus Topics:

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

                                  Everything Candidates Want to Know About the NISM-Series-VII Exam

                                  The NISM Series VII - Securities Operations and Risk Management Certification exam is the official NISM assessment behind the Securities Operations and Risk Management Certification credential, which sits at the Associate level. Passing it confirms that your skills meet the vendor's current requirements rather than a textbook outline.

                                  According to the official exam information, the NISM Series VII - Securities Operations and Risk Management Certification exam includes 100 questions and gives you 120 minutes to complete them. Treat that as a pacing exercise, not just a knowledge check: bank the questions you know first, flag the ones that stall you, and circle back instead of burning minutes on a single item. Before test day, run at least one full timed session in the Actual4Cert desktop or online test engine, so the clock never feels unfamiliar when it counts.

                                  To pass the NISM Series VII - Securities Operations and Risk Management Certification exam you need 60%, and the official registration fee is INR 1500. Keep one thing in mind: a failed attempt is not discounted, so retaking the exam means paying INR 1500 again in full. A practical safeguard is to sit a complete Actual4Cert practice test a week or two before your exam date; if your timed scores are not sitting comfortably above the passing mark, consider pushing your booking back and drilling the weak domains first.

                                  The official prerequisites for the NISM Series VII - Securities Operations and Risk Management Certification exam are as follows: No formal prerequisite required. Requirements can change over time, so confirm the details on the official NISM exam page at https://www.nism.ac.in before you book your seat.

                                  You can register through the official channels listed below:

                                  Exam delivery: Computer-based test at designated test centers or proctored online mode depending on NISM scheduling.

                                  NISM points candidates toward the following official training options:

                                  Official training builds the theory; the 334 practice questions from Actual4Cert show you how that theory appears in exam-style items, which is where most study plans actually pay off.

                                  Yes. A free PDF demo of the NISM Series VII - Securities Operations and Risk Management Certification practice questions is available on the Actual4Cert samples page, so you can check the question style and difficulty before spending anything. Every purchase also includes 365 days of free updates, and if your product expires after that period, you can extend the update service from your member zone at 50% off.

                                  If you take the NISM-Series-VII exam within 60 days of your purchase and do not pass, Actual4Cert offers a 100% money-back guarantee: send a scanned copy of your exam enrollment slip together with the official Score Report PDF within two days of your exam date, and the refund is processed within seven days. The candidate name must match the payer name, and the guarantee does not apply to exams taken within three days of purchase, to material that was downloaded without the exam actually being taken, or to free materials and expired orders. Prefer to keep studying instead? You can exchange your purchase for two additional exam products of equal value, free of charge, while keeping the update service on your original product. Delivery itself is instant: the download link is emailed within one minute of payment, and if nothing arrives within two hours, our support team will sort it out. There is no limit on how many computers you install the material on.

                                  The NISM Series VII - Securities Operations and Risk Management Certification syllabus is organized into 4 domains. The leading areas include Securities Market Operations, Clearing and Settlement, and Risk Management in Securities Markets. For the complete, topic-by-topic breakdown, scroll up to the Exam Topics section above.

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

                                  Question #1

                                  Regarding the contributions to the Core Settlement Guarantee Fund (Core SGF), which of the following statements accurately reflects the regulatory requirements for Clearing Members (CMS) and the Clearing Corporation (CC)?

                                  • A. CMS must contribute at least 50% of the MRC, and this contribution is eligible for margin exposure limits.
                                  • B. CC contribution shall be at least 50% of the MRC from its own funds, and CM primary contribution shall not exceed 25% of the MRC, with no exposure granted on such contribution.
                                  • C. CC contribution must be at least 25% of the MRC, and CM contribution is voluntary based on trading volume.
                                  • D. Stock Exchanges must contribute 50% of the MRC, while CC and CMS share the remaining 50% equally.
                                  • E. CMS are required to contribute 100% of the MRC in the form of bank guarantees, while CC manages the fund without financial contribution.
                                  Answer: B

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                                  Question #2

                                  Which of the following statements correctly describe the clearing and netting processes involving brokers and the Clearing Corporation?
                                  (Select all that apply)

                                  • A. Stock brokers are permitted to net client accounts within their firm at the end of the day.
                                  • B. Netting at the Clearing Corporation level is done on a bilateral basis between buying and selling brokers.
                                  • C. The final pay-in/pay-out of securities and funds is carried out through clearing banks and depository participants.
                                  • D. The Clearing Corporation performs multilateral netting to determine the net settlement obligations of members.
                                  • E. Every day, the Clearing Corporation sends the clearing member a list of all trading transactions made by him and his clients.
                                  Answer: A,C,D,E

                                  Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

                                  Question #3

                                  In the General Clearing Process for the Cash Segment under the T+1 rolling settlement cycle, by what specific time must the custodial confirmation of trades be completed on the T+1 day?

                                  • A. By 11:00 AM on T+1 Day
                                  • B. By 4:15 PM on T Day
                                  • C. By 1:30 PM on T+1 Day
                                  • D. By 9:00 AM on T+1 Day
                                  • E. By 7:30 AM on T+1 Day
                                  Answer: E

                                  Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

                                  Question #4

                                  Under the revised framework for redressal of investor grievances through SCORES 2.0, which of the following statements accurately describe the timelines and process flows? (Select all that apply)

                                  • A. Complaints are automatically forwarded to the Securities Appellate Tribunal if not resolved within 7 days.
                                  • B. The Designated Body must submit the revised ATR to the complainant on SCORES within 10 calendar days of the review sought.
                                  • C. Entities shall resolve the complaint and upload the Action Taken Report (ATR) on SCORES within 21 calendar days of receipt of the complaint.
                                  • D. The first level of review is conducted by SEBI officials immediately upon request by the investor.
                                  • E. If the complainant is not satisfied with the ATR, they may request a review within 15 calendar days from the date of the ATR.
                                  Answer: B,C,E

                                  Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

                                  Question #5

                                  Once a conciliator is appointed by the ODR Institution, what is the prescribed timeline for the disputing parties to reach an amicable resolution, and under what condition can this period be extended?

                                  • A. 30 calendar days, extendable by 15 days upon approval by the MI.
                                  • B. 45 calendar days, with no provision for extension to ensure speedy disposal.
                                  • C. 15 calendar days, extendable by 7 days if the conciliator deems it necessary.
                                  • D. 10 calendar days, extendable by 10 calendar days upon payment of late fees.
                                  • E. 21 calendar days, extendable for a maximum period of 10 calendar days by consent of the disputing parties.
                                  Answer: E

                                  Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

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