NISM Series I — NISM Series I: Currency Derivatives Certification — Free Online Mock Test

NISM Series I exam at a glance

NISM Series I section breakdown

The NISM Series I mock test on Wrexa Edge replicates the real exam's section structure — same names, same question count per section, same time limits. No inter-section breaks — the timer runs continuously.

• NISM Series I (50 Q)
  50 questions · 120 minutes · ~144 sec/question

NISM Series I scoring & marking scheme

Strategy: NISM Series I has no negative marking. Attempt every question — blank answers cost you potential marks but cannot pull your score down.

Scale: NISM Series I (pass 700/1000).

How NISM Series I is conducted

• Mode
  Proctored — Wrexa Edge mirrors this with a webcam-based proctoring flow (face detection, room scan, fullscreen lock, tab-switch detection).
• Test format
  Linear / fixed-form — every candidate sees the same number of questions per section.
• Backtracking
  Allowed — you can revisit and change answers within a section.
• Mark for review
  Available — flag tough questions and return to them before submitting the section.

NISM Series I time strategy

With 50 questions in 120 minutes, you have about 144 seconds per question on average. Successful candidates aim for the following pacing on each section:

• NISM Series I (50 Q)
  Target ~144 sec/question. If a question takes more than 216 seconds, mark for review and move on.

Wrexa Edge's analytics show your actual time-per-question after every mock so you can spot which sections you're losing time on.

NISM Series I topics covered

Across the 50 Wrexa Edge variants of NISM Series I, the following topics appear most often (sample distribution from one variant):

NISM Series I (50 Q)

• Equity derivatives · 8
• Research · 6
• Technical analysis · 5
• Instruments · 4
• Mutual funds · 4
• Depository · 4
• Primary market · 3
• Interest-rate derivatives · 3

NISM Series I topic-wise test series

Drill the NISM Series I syllabus chapter by chapter. Each topic test is a focused set of questions you can practise on its own — ideal for fixing a weak area before a full mock.

NISM Series I difficulty calibration

Advanced tier. Advanced-level: high-stakes exam with rigorous content depth. Expect 4-8 months of structured prep.

NISM Series I: Currency Derivatives Certification · ~100 MCQ in 2h, pass 60%. Currency markets, USD/INR & cross-currency futures and options, trading, clearing, settlement, risk management & regulation. · Official language: English & Hindi.

Verified content — Wrexa Edge's NISM Series I bank has been deeply curated with real exam-aligned content (estimated 100% syllabus coverage).

How Wrexa Edge prepares you for NISM Series I

• Real test-day interface
  Our cert skin mirrors the actual NISM Series I testing software — same timer, palette, tools, and navigation.
• 50 distinct variants
  2500 unique practice questions, each variant a fresh test — not just shuffled options.
• Detailed analytics
  Scaled score, section accuracy, topic-wise heatmap, time-per-question — see where to focus after every attempt.
• Spaced repetition (Notebook)
  Wrong answers and flagged questions flow into an SM-2 spaced-repetition deck so you actually retain what you learn.
• Optional proctoring
  Browser-based face-api detection (no install) — turn it on to simulate real NISM Series I test-day conditions.
• Free to start
  No credit card. Sign up, pick a variant, and your first NISM Series I mock starts in under a minute.

Frequently asked questions

What is the NISM Series I exam pattern?

NISM Series I: Currency Derivatives Certification contains 50 questions across 1 section: NISM Series I (50 Q). Total duration is 120 minutes (about 144 seconds per question).

Does NISM Series I have negative marking?

No — NISM Series I has no negative marking. Each correct answer is worth 1 mark, so attempt every question.

How is NISM Series I scored?

Scaled score range: 100 to 1000. NISM Series I (pass 700/1000).

How can I practise NISM Series I online for free?

Wrexa Edge offers free full-length NISM Series I mock tests with instant scoring, detailed explanations, and 50 distinct variants. Sign up for free at Wrexa Edge and start practising in under a minute — no card required.

What is the difficulty level of NISM Series I?

NISM Series I is rated Advanced difficulty on Wrexa Edge. Advanced-level: high-stakes exam with rigorous content depth. Expect 4-8 months of structured prep. NISM Series I: Currency Derivatives Certification · ~100 MCQ in 2h, pass 60%. Currency markets, USD/INR & cross-currency futures and options, trading, clearing, settlement, risk management & regulation. · Official language: English & Hindi.

How long is the NISM Series I exam?

NISM Series I runs for 120 minutes total. On Wrexa Edge the timer is enforced exactly as on the real exam — including no inter-section breaks.

What topics are covered in NISM Series I?

NISM Series I is split into: NISM Series I (50 Q). Each section is timed and weighted separately. NISM Series I: Currency Derivatives Certification · ~100 MCQ in 2h, pass 60%. Currency markets, USD/INR & cross-currency futures and options, trading, clearing, settlement, risk management & regulation. · Official language: English & Hindi.

What tools or aids are allowed during NISM Series I?

No special tools are required. Note: real exam is proctored — Wrexa Edge mirrors this with a webcam-based proctoring flow you can enable.

Is the NISM Series I test adaptive?

No — NISM Series I is a fixed-form (linear) test. Every candidate sees the same number of questions per section.

How many NISM Series I mock tests does Wrexa Edge offer?

Wrexa Edge generates 50 distinct NISM Series I variants — each with different question content, not just shuffled options. That's 2500 unique practice questions you can attempt, all in the real test-day interface, free to start.

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