NISM Series VI mock test
Depository Operations Certification Examination
The practice paper
Before you start
- 100 questions, 120 minutes. 1 mark each, and 25% off for a wrong answer — the same rules the real paper uses, so a question you cannot narrow down is better left blank.
- Questions are drawn to the syllabus weightages NISM publishes, so the mix matches the real paper.
- You can flag a question and come back to it. The clock does not stop.
- Nothing is saved. Close the tab and the attempt is gone.
The real examination
A practice paper for the Depository Operations certification — account opening, dematerialisation, settlement, pledge, transmission and corporate actions. It deducts a quarter mark for a wrong answer and passes at 60, exactly as the examination does.
- Questions
- 100
- Duration
- 120 min
- Pass mark
- 60/100
- Negative marking
- −25%
The certificate is valid for 3 years. Clearing this examination is a requirement for associated persons of a registered depository participant who deal with clients, handle clients’ securities, redress grievances, work in internal control or risk management, or maintain the books and records for those activities.
Syllabus and weightages
Thirteen units, weighted as NISM publishes them. Functions of DP — Trading and Settlement alone is 13% of the paper — worth knowing before you decide where your week goes.
| Unit | Weight | Questions |
|---|---|---|
| 1. Introduction to Securities Market | 5% | 5 |
| 2. Introduction to Depository | 10% | 10 |
| 3. Depository and its Business Partners | 12% | 12 |
| 4. Functions of DP — Account Opening | 12% | 12 |
| 5. Functions of DP — Account Operations | 3% | 3 |
| 6. Functions of DP — Transmission and Nomination | 5% | 5 |
| 7. Functions of DP — Dematerialisation | 9% | 9 |
| 8. Functions of DP — Trading and Settlement | 13% | 13 |
| 9. Functions of DP — Pledge and Hypothecation | 10% | 10 |
| 10. Functions of DP — Corporate Action and Public Issues | 7% | 7 |
| 11. Functions of DP — Debt and Government Securities | 10% | 10 |
| 12. Additional Services — Foreign Portfolio Investor | 2% | 2 |
| 13. Investor Services | 2% | 2 |
Common questions
Is this the actual NISM examination?
No. It is a practice paper written by CAPITA1 from the syllabus NISM publishes. The real examination is conducted by NISM and can only be taken through them.
Does passing this get me certified?
No. Only NISM certifies, through its own examination. This tells you where you stand before you book it.
What score do I need in the real exam?
60 out of 100, which is 60%. A wrong answer costs 25% of the marks for that question, and an unanswered one costs nothing — so a guess you have no basis for is worse than leaving it.
Do I get the same questions each time?
No. A fresh paper is drawn from the bank each attempt, weighted to the same syllabus split.