NISM Series VIII: Equity Derivatives Certification — Free Online Mock Test
NISM Series VIII: Equity Derivatives Certification · MCQ. Reasoning, quantitative aptitude, English, general/financial awareness & computer knowledge. · Official language: English & Hindi.
NISM Series VIII exam at a glance
NISM Series VIII key facts & eligibility
| Conducting body | National Institute of Securities Markets (NISM) — a public trust established and owned by SEBI |
|---|---|
| Official website | nism.ac.in ↗ |
| Mode | The NISM Series VIII — Equity Derivatives Certification Examination — a computer-based certification that is a mandatory standard for approved users and sales personnel of trading members dealing in the equity derivatives segment of recognised stock exchanges. It is also open to any student or professional. |
| Frequency | Offered year-round by appointment at NISM-authorised test centres. |
| Scoring & marking | The exam has 100 multiple-choice questions for 100 marks (1 mark each) in 2 hours, with negative marking of 25% of the marks assigned to a question (0.25 deducted per wrong answer). The passing score is 60%. |
| Score validity | The certificate is valid for 3 years from the date of the exam, renewable by re-taking it or by completing the NISM Continuing Professional Education (CPE) programme for Equity Derivatives before expiry. |
| Language | English. |
Who is eligible for NISM Series VIII?
No specific educational or professional prerequisite to sit the exam (a PAN is required for the certificate).
Last verified July 2026 against NISM — Equity Derivatives certification. Always confirm current details on the official website before you register.
NISM Series VIII section breakdown
The NISM Series VIII 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.
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NISM Series VIII (50 Q)
NISM Series VIII scoring & marking scheme
Strategy: NISM Series VIII has no negative marking. Attempt every question — blank answers cost you potential marks but cannot pull your score down.
Scale: NISM Series VIII (pass 700/1000).
How NISM Series VIII is conducted
- Mode
- Test format
- Backtracking
- Mark for review
NISM Series VIII time strategy
With 50 questions in 90 minutes, you have about 108 seconds per question on average. Successful candidates aim for the following pacing on each section:
- NISM Series VIII (50 Q)
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 VIII topics covered
Across the 50 Wrexa Edge variants of NISM Series VIII, the following topics appear most often (sample distribution from one variant):
NISM Series VIII (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 VIII difficulty calibration
Advanced tier. Advanced-level: high-stakes exam with rigorous content depth. Expect 4-8 months of structured prep.
NISM Series VIII: Equity Derivatives Certification · MCQ. Reasoning, quantitative aptitude, English, general/financial awareness & computer knowledge. · Official language: English & Hindi.
Verified content — Wrexa Edge's NISM Series VIII bank has been deeply curated with real exam-aligned content (estimated 100% syllabus coverage).
How Wrexa Edge prepares you for NISM Series VIII
- Real test-day interface
- 50 distinct variants
- Detailed analytics
- Spaced repetition (Notebook)
- Optional proctoring
- Free to start
Expert take: what NISM Series VIII really tests
The NISM Series VIII Equity Derivatives Certification Examination, from the SEBI-owned National Institute of Securities Markets, is a mandatory certification for approved users and sales personnel dealing in the equity derivatives segment. It has 100 multiple-choice questions for 100 marks in 2 hours, with 25% negative marking (0.25 per wrong answer) and a 60% passing score; the certificate is valid for three years.
Preparation tips
- Study the official NISM Series VIII workbook thoroughly.
- Because of the 25% negative marking, avoid blind guessing.
- Renew before the 3-year validity lapses (re-exam or CPE programme).
⚠️ Common mistakes to avoid
- Guessing freely despite the negative marking.
- Letting the certificate lapse past its three-year validity.
NISM Series VIII study plan
A phase-by-phase roadmap from your first concept to test-ready. Stretch or compress each phase to fit the time you have before your attempt.
- 100 questions / 100 marks in 2 hours, 25% negative marking
- Passing score 60%
- Mandatory for those dealing in the equity derivatives segment
- Derivatives basics, futures and options
- Trading, clearing, settlement and risk management
- Regulatory framework and accounting/taxation
- Full NISM Series VIII mocks
- Avoid blind guessing (25% negative marking)
- Target the 60% passing score
Where NISM Series VIII can take you
A strong NISM Series VIII result opens up these careers and higher-study paths:
- Equity derivatives roles
- 3-year validity
Best books & official prep for NISM Series VIII
- NISM Series VIII workbook — NISM
- NISM Series VIII practice tests — Various
Official practice: Register and study from the official NISM Series VIII workbook on nism.ac.in; because of the 25% negative marking, avoid blind guessing, and target the 60% passing score.
Previous-year papers: NISM provides sample/mock tests for Series VIII.
Frequently asked questions
- What is the NISM Series VIII exam pattern?
- NISM Series VIII: Equity Derivatives Certification contains 50 questions across 1 section: NISM Series VIII (50 Q). Total duration is 90 minutes (about 108 seconds per question).
- Does NISM Series VIII have negative marking?
- No — NISM Series VIII has no negative marking. Each correct answer is worth 1 mark, so attempt every question.
- How is NISM Series VIII scored?
- Scaled score range: 100 to 1000. NISM Series VIII (pass 700/1000).
- How can I practise NISM Series VIII online for free?
- Wrexa Edge gives you 10 free full-length NISM Series VIII mock tests — with instant scoring, detailed explanations and analytics — plus 40 more with Pro. Start practising in under a minute, no card required.
- What is the difficulty level of NISM Series VIII?
- NISM Series VIII 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 VIII: Equity Derivatives Certification · MCQ. Reasoning, quantitative aptitude, English, general/financial awareness & computer knowledge. · Official language: English & Hindi.
- How long is the NISM Series VIII exam?
- NISM Series VIII runs for 90 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 VIII?
- NISM Series VIII is split into: NISM Series VIII (50 Q). Each section is timed and weighted separately. NISM Series VIII: Equity Derivatives Certification · MCQ. Reasoning, quantitative aptitude, English, general/financial awareness & computer knowledge. · Official language: English & Hindi.
- What tools or aids are allowed during NISM Series VIII?
- 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 VIII test adaptive?
- No — NISM Series VIII is a fixed-form (linear) test. Every candidate sees the same number of questions per section.
- How many NISM Series VIII mock tests does Wrexa Edge offer?
- Wrexa Edge generates 50 distinct NISM Series VIII variants — each with different question content, not just shuffled options — the first 10 free for everyone and 40 more with Pro. That's 2500 unique practice questions in the real test-day interface.
- Is there a free NISM Series VIII test series 2026?
- Yes. The Wrexa Edge NISM Series VIII test series for 2026 gives you 10 free full-length mock tests (50 in total) plus subject-wise and topic-wise tests — instant scoring and detailed analysis, no card required.
- Are NISM Series VIII previous year question–style papers included?
- Every NISM Series VIII mock is modelled on the official exam pattern and the style of previous years' papers — the same 50-question structure, sections and marking — so your practice mirrors the real paper you'll sit.
- Which is the best free NISM Series VIII mock test online?
- Wrexa Edge's NISM Series VIII mock test replicates the real exam interface, timing and marking scheme, with instant score, section-wise analysis and 50 fresh variants — a strong free choice for 2026 preparation.
- Can I take the NISM Series VIII mock test on mobile?
- Yes. NISM Series VIII mock tests run in any browser on mobile, tablet or desktop — no app or download needed. Start on your phone and your progress and analytics sync when you sign in.
- What is the NISM Series VIII syllabus?
- The NISM Series VIII syllabus maps to its 1 section: NISM Series VIII (50 Q). Wrexa Edge's mock tests cover the complete syllabus topic by topic — see the topics-covered breakdown above — so you practise every area at real exam difficulty.
- What is the eligibility for NISM Series VIII?
- Eligibility for NISM Series VIII — age, qualification and number of attempts — is set by the official conducting body and can change each cycle, so always confirm the current official notification before applying. Wrexa Edge focuses on realistic NISM Series VIII practice: 10 free full-length mocks in the exact exam pattern, ready whenever you are.
- When is the NISM Series VIII exam and how should I prepare?
- Official NISM Series VIII exam dates are announced by the conducting body for each cycle — check the latest notification for the current schedule. To be ready, follow a phased study plan and take full-length timed mocks; Wrexa Edge gives you 10 free NISM Series VIII mocks with instant scoring so you can track your readiness week by week.
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