Professional Documents
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Communiqu/Press Release
NISM-Series-XII: Securities Markets Foundation Certification Examination
NISM/Certification/NMD/Series-XII: SMF/2013/01 dated March 01, 2013
National Institute of Securities Markets (NISM) announces the launch of NISM-SeriesXII: Securities Markets Foundation Certification Examination for entry level
professionals, who wish to make a career in the securities markets. This certification
examination will also be useful to all those individuals who are interested in acquiring a
basic knowledge of the Indian Securities markets, including:
Entry level professionals in the securities markets
Employees of intermediaries functioning in the securities industry
Professionals in other industries interested in gaining knowledge of the securities
markets
Students
Homemakers
Teachers
The examination will be available to all.
The NISM-Series-XII: Securities Markets Foundation Certification Examination, offered
by NISM, will be available from March 21, 2013.
Details of NISM-Series-XII: Securities Markets Foundation Certification Examination are
given in Annexure-I and Annexure-II attached to this communiqu/press release.
The text of these Annexures and the registration details are available at
www.nism.ac.in.
G. P. Garg
Registrar
Examination Specifications
This is a computer-based examination with multiple choice questions.
The examination consists of 100 questions of 1 mark each adding to 100 marks.
The examination should be completed in 2 hours.
There shall be no negative marking.
The passing score for the examination is 60 marks.
Chapter Name
Introduction to Indian Securities Markets
Securities: Types, Features and Concepts
Primary Markets
Secondary Markets
Mutual Funds
Derivatives Markets
Financial Planning and Securities Markets
Weightages
%
5
20
15
20
20
10
10
Annexure -II
Test Objectives for NISM-Series-XII: Securities Markets Foundation Certification
Examination
Chapter 1: Introduction to Indian Securities Markets
1.1. Understand the meaning of securities and securities markets
1.1.1. List the key functions of securities markets participants
1.2. Describe the structure of securities markets and role of its participants
1.2.1. Investors
1.2.2. Issuers
1.2.3. Intermediaries
1.2.4. Regulators
1.3. Understand the role of securities markets as allocators of capital