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    IWNPSL+537
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    Join 500+ candidates who cleared this exam

    Get the 1,030+ most important questions and answers to clear the NISM 1 Currency Derivatives certification easily

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    NISM 1
    What is the nickname for the British Pound (GBP)?

    How you’ll prepare

    01:24:36left
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    NISM 1

    What are the most traded currency pairs in the world called?

    • AMinors
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    Timed mock tests

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    Mock 1Mock 4

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    Introduction to Currency…48%
    Foreign Exchange Derivatives62%
    Exchange Traded Currency…76%
    Exchange Traded Currency…84%

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    NISM 1 Formula Sheet

    Introduction to Currency…

    Foreign Exchange…

    Exchange Traded Currency…

    NISM 1 Revision Notes

    Cable

    The British Pound is nicknamed the 'cable', a term originating from the time when exchange rates were transmitted via…

    Foreign Exchange…

    Exchange Traded Currency…

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    Mock tests10 tests
    • NISM 1 mock test 1
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    • NISM 1 mock test 2
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    • NISM 1 mock test 3
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    • NISM 1 mock test 4
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    • NISM 1 mock test 5
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    • NISM 1 mock test 6
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    • NISM 1 mock test 7
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    • NISM 1 mock test 8
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    • NISM 1 mock test 9
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    • NISM 1 mock test 10
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    Notes2 PDFs
    • NISM 1 Revision Notes
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    • NISM 1 Formula Sheet
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    Mock Test Series
    NISM 1
    Currency Derivatives
    Exam-level difficulty
    ₹499₹79938% off

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    This course includes:

    10 full-length mock tests
    Study notes & formula sheets (2 PDFs)
    Doubt solving on WhatsApp
    Performance analytics to identify weak areas
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    Syllabus covered

    10 sections · 68 topics · mock tests & practice

    Introduction to Currency Markets6 topics
    • Brief History of Foreign Exchange Markets
    • Major Currencies and Currency Pairs
    • Basics of Currency Markets and Peculiarities in India
    • Exchange Rate Arithmetic – Cross Rate
    • Impact of Economic Factors on Currency Prices
    • Economic Indicators
    Foreign Exchange Derivatives7 topics
    • Derivatives – Definition
    • Key Economic Functions of Derivatives
    • Derivative Products
    • Growth Drivers of Derivatives
    • Market Participants in Currency Derivatives Market
    • Exchange-Traded Derivatives vs. OTC Derivatives
    • Rationale for Introducing Exchange Traded Currency Derivatives in India
    Exchange Traded Currency Futures6 topics
    • Currency Futures – Definition
    • Pay Off Charts of Futures Contract
    • Contract Specification of Exchange Traded Currency Futures Contracts
    • Contract Value
    • Advantages and Limitations of Future Contracts in Comparison to Forward
    • Interest Rate Parity and Pricing of Currency Futures
    Exchange Traded Currency Options10 topics
    • Basics of Options
    • Difference between Futures and Options
    • Style of Options
    • Moneyness of an Option
    • Basics of Option Pricing and Options Greeks
    • Option Pricing Methodology
    • Implied Volatility (IV)
    • Pay off Diagrams for Options
    • Contract Specification of Exchange-Traded Currency Options
    • Comparison of Exchange-Traded Currency Options and OTC Currency Options
    Strategies Using Exchange Traded Currency Derivatives7 topics
    • Market Participants
    • Hedging Through Exchange-Traded Currency Derivatives
    • Option Trading Strategies
    • Use of Currency Derivatives by Speculators
    • Use of Currency Derivatives by Arbitragers
    • Trading Spreads Using ETCD
    • Limitations of Exchange-Traded Currency Derivatives for Hedgers
    Trading Mechanism in Exchange Traded Currency Derivatives6 topics
    • List of Entities in Trading System
    • Exchange Trading System
    • Order Management
    • Risk Management and Order Routing
    • Price Limit Circuit Filter
    • Trading Cost
    Clearing, Settlement and Risk Management in Exchange Traded Currency Derivatives11 topics
    • Clearing and Settlement Mechanism
    • List of Entities in Clearing and Settlement of ETCD
    • Interoperability of Clearing Corporation
    • Clearing Mechanism
    • Determination of Settlement Obligations
    • Position Limits
    • Settlement
    • Funds Settlement
    • Risk Management
    • Margin Collection by Clearing Corporation
    • Core Settlement Guarantee Fund
    Regulatory Framework for Exchange Traded Currency Derivatives7 topics
    • Securities Contracts (Regulation) Act, 1956 [SC(R)A]
    • RBI-SEBI Standing Technical Committee on Exchange Traded Currency and Interest Rate Derivatives
    • Foreign Exchange Management Act, 1999
    • SEBI Regulation and Guideline
    • RBI Regulation and Guideline
    • Regulatory Guidelines on Participation of Various Entities in ETCD
    • Eligibility Criteria for Members
    Accounting and Taxation2 topics
    • Accounting Guideline and Disclosure Requirements
    • Taxation of Exchange Traded Currency Derivatives
    Code of Conduct and Investor Protection Measures6 topics
    • SEBI's Code of Conduct for Brokers
    • Investor Grievance
    • Handling of Investor's claims / complaints in case of default of a Trading Member / Clearing Member (TM/CM)
    • Investor Protection Fund
    • Execution of Power of Attorney (PoA) by the Client in favour of the Stock Broker / Stock Broker and Depository Participant
    • Risk Disclosure to Client and KYC

    A few things before you start

    Choose the pack because it fits your preparation.

    How many mock tests do I get?

    You get 10 full-length mocks.

    Is this aligned with the official NISM Series I syllabus?

    Our content targets the NISM Series I: Currency Derivatives exam. Always verify against the latest NISM workbook and examination notice.

    How long is my access valid?

    Purchased access is valid for 60 days from the date of purchase unless a different period is shown at checkout.

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    You receive 2 months of full access.

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