NISM Series XVI mock test
Commodity Derivatives 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 Commodity Derivatives certification — the commodity market and its value chain, futures with physical delivery, options that devolve into futures, hedging for producers and processors, the trading and clearing mechanism, and the framework SEBI has run since the Forward Markets Commission merged into it. A hundred questions, negative marking of a quarter mark and a pass at 60.
- Questions
- 100
- Duration
- 120 min
- Pass mark
- 60/100
- Negative marking
- −25%
The certificate is valid for 3 years. Clearing this examination is the certification requirement for approved users and sales personnel of a trading member in the commodity derivatives segment of a recognised stock exchange.
Syllabus and weightages
Eight units, weighted as NISM publishes them. Commodity Options alone is 25% of the paper — worth knowing before you decide where your week goes.
| Unit | Weight | Questions |
|---|---|---|
| 1. Introduction to Commodity Markets | 12% | 12 |
| 2. Commodity Futures | 13% | 13 |
| 3. Commodity Options | 25% | 25 |
| 4. Uses of Commodity Derivatives | 20% | 20 |
| 5. Trading Mechanism | 12% | 12 |
| 6. Clearing, Settlement and Risk Management | 10% | 10 |
| 7. Accounting and Taxation | 3% | 3 |
| 8. Legal and Regulatory Environment | 5% | 5 |
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.