NISM-Series VI Depository Operations Certification Examination Frequently Asked Questions (FAQs)

25
Jan
2015

Free NISM Depository Operations Mock Test  Premium NISM Depository Operations Mock Test

The NISM Depository Operations Certification Examination is the NISM Series VI of NISM Certifications. The exam was launched on February 21, 2011. It is the only exam for professionals working in the area of depository operations including those working in a depository participant. This NISM exam is the mandatory exam and is replaced by the erstwhile NSDL Depository Operations Module. However, this NISM Depository Exam Mock Test can also be used as NSDL Depository Operations Module Mock Test.The examination is mandated for a wide gamut of people dealing with depositories, clients, securities, investor grievances, risk management, recording keeping, etc. The examination is mandated as per SEBI (CAPSM) Regulations, 2007. Our team has drafted a few FAQs about the examinations for the benefit of exam takers.

Whom is the NISM Depository Operations Certification Examination mandatory for?

The examination seeks to create a common minimum knowledge benchmark for associated persons engaged or employed by a registered depository participant in

  • activities having a bearing on operational risk, or
  • handling redressal of investor grievances,
  • dealing or interacting with clients,
  • dealing with securities of clients,
  • internal control or risk management,
  • maintenance of books and records pertaining to the above activities.

What topics are covered under the NISM Depository Operations Certification Examination?

The NISM Depository Operations Certification Examination covers the following topics:

  • Basics of the Indian securities market and the depository system, the need for depository and the key features of the depository system in India.
  • Institutional structure of the depository system in India and the business partners of a depository.
  • Regulatory framework in which the depositories and its DPs function, their eligibility criteria, registration procedure, rights and obligations etc.
  • Various functions of the Depository and its Depository Participants (DPs) such as dematerialisation, trading and settlement, pledging and hypothecation.
  • How a demat account is opened, documents required to open an account and significance of Power of Attorney (POA).

Where can I obtain the NISM Depository Operations Study Material?

Soft copy of the NISM Depository Operations Study Material can be downloaded free of cost from our website. If you wish to purchase a physical copy of NISM Depository Operations study material, you can purchase it online and the book will be delivered to your address. The books are also available at major bookstores across India.


Where can I find NISM mock test for NISM Depository Operations Exam?

Free NISM Series VI Depository Operations Mock Test for NISM Series VI Depository Operations Exam is available at our website. The mock test consists of 10 sample questions and can be accessed by logging into our website. Premium NISM Mock Test for NISM Depository Operations Exam consisting of 5 premium quality mock tests with 500 questions is also available at Rs. 399/- only. Each NISM mock test has a validity of 45 days and can be attempted 3 times during the subscription period.


How can I register and enroll for the NISM Depository Operations Exam?

Registration and Enrollment for all NISM Certification Examinations can be done online through NISM Certification Portal. For Registration to the NISM Certification portal, you should have your Permanent Account Number (PAN), Scanned Copy of your PAN Card, Soft Copy of your photograph, a valid email address and your basic details such as your Name, Date of Birth, Educational Details, Employment Details, etc. After successful submission of the online NISM Registration form, you will receive a NISM Registration Number and an activation link on your email. You will need to click on the activation link to activate your NISM Account. After activation, you will be able to login.

After login using your email and password, you need to goto "Enrolment" -> "Enroll for Examination" link and following the following steps:

Step 1: Selection of Examination: Here you need to select the NISM Series VI Depository Operations Certification Examination.

Step 2: Check Seat Availability: Select the Exam City, Test Centre of your choice and the Date Range during which you wish to take the exam.

Step 3: Select a Time Slot: You will shown the availability of Test Slots for the exam. Select one and click "Enroll for the Examination".

Step 4: Make Payment: Please accept the terms and conditions and proceed for online payment using credit card, debit card or internet banking.

After successful payment, your Admit Card will be generated. You should carry this admit card and an original identity card to the examination centre, 30 minutes before the actual exam time. Acceptable identity cards are PAN Card, Driving License, Passport, Aadhar Card only.


What is the assessment structure for NISM Series VI - Depository Operations Certification Examination?

DURATION

120 MINUTES

NO. OF QUESTIONS

100

MAXIMUM MARKS

100

PASS MARKS

60

NEGATIVE MARKS

25% FOR EACH WRONG ANSWER

CERTIFICATE VALIDITY

3 YEARS FROM DATE OF EXAM

EXAM FEES

Rs. 1500/-


What is the syllabus outline for NISM Series VI Depository Operations Certification Examination?

Chapter No.

Chapter Name

Weightages %

1

Introduction to Securities Market

5%

2

Introduction to Depository

10%

3

Depository and its Business Partners

11%

4

Functions of DP - Account Opening

11%

5

Functions of DP - Transmission & Nomination

5%

6

Functions of DP - Dematerialisation

8%

7

Functions of DP - Trading and Settlement

12%

8

Functions of DP - Pledge and Hypothecation

10%

9

Functions of DP - Corporate Action

5%

10

Functions of DP - Public Issues

5%

11

Functions of DP - Debt and Government Securities

10%

12

Additional Services - Warehouse Receipts

5%

13

Additional Services - Qualified Financial Institutions

1%

14

Additional Services – Rajiv Gandhi Equity Saving Schemes

1%

15

Additional Services - Basic Services Demat Account

1%

 

Total

100%

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