Free practice set
NISM VIII practice questions with answers
This is a free set of 20 original practice questions on topics that overlap with NISM Series VIII: Equity Derivatives. It is the certification usually needed by people who deal in or sell equity derivatives (futures and options) at a broker.
PaisaTrade is not affiliated with NISM, NSE Academy or SEBI. These are our own practice questions, not official exam questions, and they do not cover the full syllabus. Check the official website for the current syllabus, test pattern and fees.
Topic areas covered here
From the course
F&O Concepts
- Futures and options basics
- Option pricing and Greeks
- Margins, settlement and risk management
From the course
F&O Reality Check
- Risk management and margins
- Costs and regulatory framework
Practice questions
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Question 1
What does a futures contract create?
Question 2
Stock at ₹500. The 450 call is…
Question 3
SEBI's FY22–24 study: share of individual F&O traders who lost money?
Question 4
An ATM call's delta is about…
Question 5
A protective put is…
Question 6
What virtual capital should you use?
Question 7
In SEBI's FY22–24 study, what share of individual F&O traders lost money?
Question 8
Lot size 25, price ₹60,000. Contract value?
Question 9
Strike 500 call bought at ₹12. Breakeven at expiry?
Question 10
Which cost is invisible on the contract note but often large?
Question 11
Which money should never fund F&O trading?
Question 12
An option buyer's maximum loss is…
Question 13
Stock at ₹500. The 550 put is…
Question 14
Average loss per trader in that period?
Question 15
Theta measures…
Question 16
Why use a spread instead of selling a naked option?
Question 17
Which metric matters most?
Question 18
The average loss per trader over three years was about…
Question 19
What does leverage do?
Question 20
Time decay helps…