Exam ki taiyari

Series XII Securities Markets Foundation exam: dhaancha aur padhai ka rasta.

NISM Series XII Securities Markets Foundation exam kis baare mein hai, paper kaisa hota hai, aur padhai kahan se shuru karein. Seedhi bhasha mein.

Sawaal aur jawaab English mein hain, kyunki NISM ka exam paper bhi English mein hota hai.

Practice questionSeries XII · 1. Understanding Securities Markets and Performance5 mein se sawaal 1

What does price discovery in a securities market mainly describe?

Prices rising whenever a company releases any informationPrices being fixed permanently by the original issuerPrices being equal for all securities of different companiesPrices emerging from interacting buy and sell interest

Series XII

Securities Markets Foundation

50 sawaalPass mark 60%Negative marking Nahi

Mock 1 Mock 2 Mock 3

Sawaal100har sawaal 1 mark ka

Samay120 min2 ghante

Pass mark60%100 mein se 60 marks

Negative markingNahikhaali aur galat answer ka nuksaan barabar

NISM Series XII Securities Markets Foundation

Exam ke niyam NISM ki site par 17 October 2026 ko padhe gaye. NISM ki site par aaj ke niyam dekho (naye tab mein khulta hai)

NISM Series XII ka poora naam Securities Markets Foundation hai. Yeh ek voluntary exam hai, un sab ke liye jo securities market mein shuruaat kar rahe hain. Paper 2 ghante ka hota hai aur 100 sawaal aate hain. Pass ke liye 100 mein se 60 number chahiye. Galat jawab par koi number nahi katta.

Yeh exam securities market ki buniyaad par hai.
100 sawaal, har sawaal 1 number ka. Pass ke liye 100 mein se 60 number.
Galat jawab par number nahi katta. Isliye koi sawaal khaali mat chhodo.
Certificate 3 saal tak valid rehta hai.

Series XII certification kis kaam ke liye hai

EXAM KYA HAI

Yeh paper poore bazaar ki buniyaad hai

Share, bond, mutual fund aur derivative, sab ka pehla parichay ek hi paper mein.

Series XII securities market ke kaam aur SEBI ki bhoomika se shuru hota hai. Phir securities ke prakaar, asset allocation aur investing ki buniyaad aati hai.

Uske baad primary market, secondary market, mutual funds aur derivatives aate hain. Yeh exam zaroori nahi, apni marzi ka hai. Bazaar mein naye logon ke liye yeh ek achhi neev hai.

Yeh kaun deta hai

Securities market mein shuruaat karne wala koi bhi, jaise students, market firms ka naya staff, aur woh investors jo pehle buniyaad samajhna chahte hain.

Yeh is site par kyun hai

Yeh paper us zameen ko cover karta hai jis par site ke baaki saare exams khade hain. Orders, settlement aur returns waise hi chalte hain jaise site ke lessons mein.

Exam format ek nazar mein

Sawaal100har sawaal 1 mark ka

Kul marks100100 × 1

Samay120 min2 ghante

Pass mark60%100 mein se 60 marks

Negative markingNahigalat answer par sirf woh mark nahi milta

Certificate validity3 saalexam ki date se

100 multiple-choice sawaal, har sawaal 1 mark ka, 120 minute mein. Pass ke liye 60% chahiye. Negative marking nahi hai, isliye is paper mein khaali chhodna kabhi behtar nahi hota.

Exam ki fees yahan jaan-boojh kar nahi likhi. NISM har certification ki fees khud publish karta hai aur badalta rehta hai. Aaj ki fees nism.ac.in par dekho.

Marking kaise hoti hai — aur yahan ka quiz use kaise lagata hai

Har sawaal 1 mark ka hai. Paper 100 marks ka hai, aur pass ke liye 60 marks chahiye. Is paper mein negative marking nahi hai. Galat answer aur khaali sawaal, dono par zero milta hai. Isliye khaali chhodna kabhi behtar nahi hota.

Yahan ka practice quiz inhi figures se marks deta hai. Timed practice yahi pass mark aur yahi katauti lagati hai. Clock bhi isi paper ki raftaar se chalta hai (100 sawaal ke liye 120 minute).

Syllabus units, aur har unit kitne marks ki

6 practice topics, usi kram mein jis mein humare sawaal likhe gaye. Har row us topic ke poore sawaalon aur answers par le jaati hai. Har answer batata hai ki baaki options galat kyun hain. Yahan marks column nahi hai. Is exam ka per-unit weightage nahi mila, isliye nahi dikhaya.

NISM Series XII ke syllabus units, practice questions ki ginti ke saath
Unit	Practice questions
Understanding Securities Markets and Performance	15
Securities: Types, Features and Concepts of Asset Allocation and Investing	30
Primary Markets	30
Secondary Markets	30
Mutual Funds	30
Derivative Markets	15

Saare units ki samajh, Hinglish mein

Saare units ka matlab, aam galtiyan aur padhne ka tareeka neeche hai. Unit ke naam par click karo, woh khul jaayega.

Series XII securities market ka foundation exam hai. Paper bazaar ke kaam aur SEBI se shuru hokar securities ke prakaar aur asset allocation tak jaata hai. Phir primary market, secondary market, mutual funds aur derivatives aate hain. Har ek unit mein kuch chhote hisaab bhi hain.

Equity malikana hai, debt udhaar.
Kisi product ka naam ya rating guarantee nahi hai.
Galat jawab par number nahi katta, isliye har sawaal ka jawab do.

Series XII: securities market ki pehli seedhi.

Poori series ke sawaal kholo

KAISE PADHEIN

Unit ke kram mein, ek ek karke

Pehle 2 units bhasha sikhate hain: issuer, investor, equity, bond, yield aur diversification. Aage ke units isi bhasha mein baat karte hain.

Ek unit padhne ke baad usi ke sawaal kijiye. Har galat answer ke baad ek line likhiye: galti vichaar mein thi ya hisaab mein.

Kya is paper mein ganit aata hai?

Haan, par chhota. Coupon, current yield, dividend yield, EPS, P/E, NAV aur ownership ka hissa, sab seedhe hisaab hain. Har hisaab se pehle dekhiye ki base kya hai: face value, bazaar ka daam ya kul portfolio.

Galat jawab par number katta hai kya?

Nahi. Is paper mein negative marking nahi hai. Isliye koi sawaal khaali mat chhodiye. Jawab pata na ho, tab bhi sabse sahi lagne wala option chuniye.

Unit 1: securities market aur uska kaam
Bazaar kyun hai aur usme kaun kya karta hai, yeh pehle baithna chahiye.

Understanding Securities Markets and Performance

Unit 1: securities market aur uska kaam.

Yeh unit batata hai ki securities market kyun hota hai. Woh logon ki bachat ko un issuers tak le jaata hai jinhe paisa chahiye. Yahan SEBI ki bhoomika, issuer aur investor, broker, depository aur custodian aate hain. Saath mein price discovery aur cyber suraksha bhi hai.

SEBI investors ki raksha karta hai aur securities market ko regulate karta hai.
Sarkar aur municipality bhi securities issue karti hain.
Secondary market mein bechne ka raasta naye issue ko bhi sahara deta hai.
Cyber suraksha mein bachaav aur wapas chaalu hona, dono aate hain.

Is unit ke sawaal kholo

IS UNIT MEIN

Bachat se funding tak

Issuer security bech kar paisa uthaata hai. Investor paisa deta hai aur badle mein security paata hai. Municipality bond beche, toh woh bhi issuer hai. Equity share malikana hai, bond udhaar. Baad mein bechne ka raasta ho, toh investor naye issue mein paisa lagane ko zyada taiyaar hota hai.

Broker exchange par order chalata hai. Depository system electronic holdings ka record rakhta hai. Custodian assets sambhalta hai, portfolio nahi chunta. Price discovery mein khareedne aur bechne walon ke milan se daam banta hai. Regulatory sandbox naye idea ko niyantrit maahaul mein test karne deta hai.

DHYAN

3 aam galtiyaan

Pehli: paise aur security ki disha ulat dena. Bond ka paisa household se company ki taraf jaata hai. Security ulti disha mein jaati hai.

Doosri: investor ke exit ko company ki wapsi samajhna. Investor apne shares doosre investor ko bechta hai. Company ka paisa company mein hi rehta hai.

Teesri: sirf password ko poori suraksha maan lena. Ek aur authentication factor chahiye. Firm ko hamle rokna aur service wapas chaalu karna, dono test karne hote hain. Sandbox mein aana poori manzoori nahi hai.

Unit 2: securities ke prakaar aur asset allocation
Bazaar ka kaam samajh aa gaya. Ab dekhna hai ki usme kaunse instruments milte hain aur unhe kaise milaya jaata hai.

Securities: Types, Features and Concepts of Asset Allocation and Investing

Unit 2: securities ke prakaar aur asset allocation.

Yeh unit bazaar ke bade instruments dikhata hai. Equity, preference share, bond, zero-coupon bond, convertible debenture, warrant aur depository receipt yahin aate hain. Phir diversification, jokhim ke prakaar, valuation aur asset allocation. Saath mein yield, EPS, P/E aur compounding ka hisaab bhi hai.

Equity par dividend tay byaaj nahi hai.
Zero-coupon bond beech mein byaaj nahi deta, par return de sakta hai.
Diversification jokhim ghatata hai, khatam nahi karta.
Paise ki zaroorat kab hai, yeh product chunne mein bahut maayne rakhta hai.

Is unit ke sawaal kholo

IS UNIT MEIN

Instrument aur unka mel

Fixed-rate bond ka coupon face value par lagta hai. Yield badhe toh uska daam girta hai. Preference share ko dividend aur capital wapsi mein ordinary equity se pehle haq milta hai, karz se pehle nahi. Convertible debenture tay sharton par equity ban sakta hai. Warrant tay daam par shares lene ka haq hai. Copper jaisa maal commodity hai.

Liquidity risk tab hai jab aap theek daam par samay se bech na sakein. Intrinsic value ek andaaza hai, bazaar ka daam asli sauda. Fundamental analysis financial statements padhta hai, technical analysis daam aur volume ke pattern. Asset allocation mein har hissa kul portfolio se baant kar nikalta hai. Rebalancing portfolio ko wapas tay weight par laata hai.

Liquidity Bazaar mein aasani se sauda ho jaana kis cheez par tika hai.

DHYAN

Return ke 3 jaal

Pehli: current yield ko poora return samajhna. Yield to maturity mein redemption ka fayda aur cash flow ka samay bhi aata hai.

Doosri: compounding mein doosre saal bhi sirf mool par byaaj lagana. Doosre saal ka byaaj pehle saal ke badhe hue balance par lagta hai. Present value nikalne ke liye dar ko seedha ghataiye nahi, growth factor se baantiye.

Teesri: return mein dividend bhoolna, ya rebalancing mein galat base lena. Tay hissa poore portfolio par lagta hai, sirf equity wale hisse par nahi. Sasta dikhne wala distressed bond saste saude ka saboot nahi hai.

Unit 3: primary market
Instruments samajh aa gaye. Ab dekhna hai ki naye securities pehli baar bazaar mein kaise aate hain.

Primary Markets

Unit 3: primary market, jahan naye shares aate hain.

Yeh unit naye issues ka bazaar hai. IPO, FPO, offer for sale, rights issue aur bonus issue yahin aate hain. Phir book building, prospectus, underwriter, registrar, ASBA aur green shoe. Saath mein private placement, QIP, shelf prospectus aur debenture trustee bhi hain.

Offer for sale ka paisa bechne walon ko jaata hai, company ko nahi.
Bonus issue reserves ko shares mein badalta hai. Naya paisa nahi aata.
Listing trading ka raasta hai, daam badhne ka vaada nahi.
Achhi credit rating repayment ki guarantee nahi hai.

Is unit ke sawaal kholo

IS UNIT MEIN

Naya issue kaise aata hai

IPO company ka pehla public offer hai. FPO baad ka public offer. Naye shares ka issue company ke kul shares badhata hai. Offer for sale sirf purane shares ka haath badalna hai. Rights issue maujooda shareholders ko unke hisse ke anupaat mein milta hai. Woh apna haq kisi aur ko de sakte hain. Ise renunciation kehte hain.

Book building mein boliyaan daam dhoondhti hain. Price band boli ka neeche aur upar ka daam hai, listing ke baad ki range nahi. Prospectus mein business, financials aur jokhim hote hain. Underwriter tay shortfall bharne ka vaada karta hai. Registrar applications aur allotment ka record sambhalta hai. ASBA mein paisa pehle applicant ke bank mein block hota hai.

DHYAN

3 bharam

Pehli: poore offer ko company ka paisa maan lena. Sirf naye shares ka paisa company tak pahunchta hai. Kul shares mein bhi sirf naye shares judte hain.

Doosri: rights ratio ulta padhna. 5 par 2 ka matlab hai har 5 purane shares par 2 naye. Bonus ke baad kul holding mein purane aur bonus, dono shares gine jaate hain.

Teesri: bheed ko suraksha samajhna. Bahut zyada subscription se prospectus mein likha jokhim khatam nahi hota. Private placement bhi niyamon se bahar nahi hai.

Unit 4: secondary market
Issue ke baad shares bazaar mein haath badalte hain. Agla unit order se settlement tak ka raasta dikhata hai.

Secondary Markets

Unit 4: secondary market, order se settlement tak.

Yeh unit purane shares ke len-den ka bazaar hai. Demat, KYC, contract note, order ke prakaar aur order book ka kram yahin aate hain. Phir clearing, settlement, margin aur circuit breaker. Saath mein SCORES, securities lending aur market manipulation bhi hain.

Buy limit sabse ooncha daam hai jo buyer dene ko taiyaar hai.
Trigger order ko chalu karta hai, us daam par fill ki guarantee nahi deta.
Clearing batata hai kisko kya dena hai. Settlement use poora karta hai.
Bazaar girne ka nuksaan Investor Protection Fund ka claim nahi hai.

Is unit ke sawaal kholo

IS UNIT MEIN

Order ka safar

Dematerialisation physical certificate ko electronic record mein badalta hai. KYC client ki pehchaan tay karta aur jaanchta hai. Contract note broker ki taraf se trade ki pushti hai. Order book mein pehle behtar daam aata hai, phir pehle aaya order. Market buy pichhle trade ke daam par nahi, maujooda ask par milta hai.

Clearing len-den tay karta hai, settlement use poora karta hai. Securities pay-in ka matlab hai dene wale shares jama karna. Margin sambhavit nuksaan ke saamne collateral hai. Market-wide circuit breaker bahut badi chaal ke baad trading rokta hai. SCORES shikayat darj karne aur uska haal dekhne ka raasta hai. Securities lending mein udhaar lene wale ko waisi hi securities wapas deni hoti hain.

Circuit limits aur circuit breaker Daam ki daily hadd aur poore bazaar ka trading pause kab lagta hai.

DHYAN

Daam aur quantity ka khel

Pehli: unfilled limit order ko galti samajhna. Sellers ka daam limit se upar ho, toh order ruka rehta hai. Limit order sirf utni quantity bharta hai jitni limit ke andar mile.

Doosri: kai daam par bhare order ka seedha ausat lena. Har daam ko uski quantity se weight dijiye. Impact cost quote ke midpoint se naapa jaata hai.

Teesri: free float mein promoter ke shares bhi gin lena. Free-float market cap sirf public trading wale hisse ko dekhta hai. Lakh aur crore ke badlav mein bhi dhyan rakhiye.

Impact cost Bada order khud daam ko hila deta hai, aur woh bhi ek kharcha hai.

Unit 5: mutual funds aur NAV
Seedhe shares ke baad ek aur raasta aata hai: bahut logon ka paisa jod kar ek portfolio chalana.

Mutual Funds

Unit 5: mutual funds aur NAV.

Yeh unit mutual fund ka dhaancha aur hisaab sikhata hai. Fund bahut se investors ka paisa ek managed portfolio mein jodta hai. AMC portfolio chalati hai, trustees unit holders ke hit mein nigraani karte hain, aur SEBI regulate karta hai. Saath mein NAV, SIP, SWP, exit load, direct plan aur jokhim aate hain.

SEBI regulator hai. AMFI industry association hai.
NAV mein liabilities pehle ghatti hain, phir units se baant hota hai.
Direct plan ka kharcha kam hai kyunki usme distributor commission nahi hai.
Kam NAV wala fund isliye sasta ya behtar nahi hai.

Is unit ke sawaal kholo

IS UNIT MEIN

Fund ka dhaancha

Open-ended scheme mein lagaataar paisa lagana aur nikalna hota hai. Closed-ended scheme ki ek tay muddat hai, tay return nahi. Index fund ek index ko track karta hai. Hybrid fund equity aur debt jaise asset classes milata hai. Fund of funds doosre funds ke units mein lagata hai. Scheme Information Document objective, asset allocation aur jokhim batata hai.

SIP tay rakam regular lagata hai. SWP regular paisa nikalta hai, aur iske liye units redeem hote hain. Systematic transfer ek scheme se redemption aur doosri mein purchase hai. Growth option mein fayda andar hi rehta hai. Cash distribution se investor ki kul daulat nahi badhti, kyunki scheme ke assets utne hi ghatte hain.

DHYAN

Hisaab aur jokhim ke bharam

Pehli: accrued kharche ko 2 baar ghatana. Kharcha liabilities mein pehle se shaamil ho, toh dobara mat ghataiye.

Doosri: SIP ki ausat lagat ko daamon ka seedha ausat samajhna. Kul lagat ko kul units se baantiye. Tay rakam ki SWP mein daam gire, toh zyada units redeem hote hain.

Teesri: fund ko jokhim se mukt samajhna. Government bond fund mein bhi interest-rate risk hai. Debt fund mein credit risk hai. Sector fund mein bahut companies hon, phir bhi ek hi industry ka jokhim rehta hai.

Unit 6: derivatives ka pehla parichay
Aakhri unit un contracts par hai jinka mol kisi aur cheez se aata hai.

Derivative Markets

Unit 6: derivatives ka pehla parichay.

Aakhri unit derivatives ki buniyaad hai. Derivative ka mol uske underlying se aata hai. Yahan futures aur forward ka farak, call aur put, hedge aur speculation aate hain. Saath mein mark-to-market, intrinsic value, open interest aur swap ka chhota hisaab bhi hai.

Call kharidne ka haq hai, put bechne ka haq.
Futures exchange par standard shartein par chalte hain. Forward aapas mein tay hota hai.
Futures ka nuksaan margin se zyada ho sakta hai.
Open interest mein har contract ek hi baar gina jaata hai.

Is unit ke sawaal kholo

IS UNIT MEIN

Haq, zimmedari aur hedge

Futures ki shartein standard hoti hain aur trading exchange par hoti hai. Forward 2 pakshon ke beech unki zaroorat ke hisaab se banta hai. Call buyer premium deta hai aur tay strike par kharidne ka haq paata hai. Put buyer ko strike par bechne ka haq milta hai. Haq zimmedari nahi hai.

Shares rakhne wala girte bazaar se bachne ke liye matching futures short kar sakta hai. Yeh hedge hai. Bina kisi maujooda jokhim ke futures ki position banana speculation hai. Mark-to-market roz ke settlement daam ke badlav ko quantity se guna karta hai. Open interest abhi khule contracts ki ginti hai. Swap mein sirf 2 byaaj ki taangon ka farak chukaya jaata hai.

Open interest Kitni position abhi khuli hai, aur woh volume se alag kaise hai.

DHYAN

3 aam galtiyaan

Pehli: premium ko intrinsic value samajhna. Intrinsic value turant exercise ka mol hai. Premium mein uske upar time value bhi hoti hai. Put tab in the money hai jab strike underlying se upar ho.

Doosri: margin ko nuksaan ki hadd samajhna. Margin ek badi exposure ke saamne sirf collateral hai. Option buyer ka nateeja payoff minus premium hai.

Teesri: barabar quantity ko poora hedge maan lena. Spot aur futures alag chalein, toh kuch nuksaan bach jaata hai. Swap ka notional khud koi cash payment nahi hai. Put-call ratio akele bazaar ki disha nahi batata.

Poore Series XII paper ki practice
Saare units ho gaye. Ab sab units ke mile-jule sawaal dikhate hain ki kaunsa unit abhi kachcha hai.

Is syllabus par khud ko test karo

Iski marking upar diye pass mark aur negative marking se hoti hai.

PADHAI KA RASTA

Ek unit, phir uske sawaal

Is paper mein hisaab wale sawaal bhi hain, jaise yield, NAV aur ownership ka hissa. Inhe ek ek unit karke practise karna aasaan rehta hai, kyunki tab pata chalta hai ki galti kis hisse mein ho rahi hai.

Yeh pages NISM ki official workbook ki jagah nahi lete. Woh padhna hi padega. Yeh sirf yeh dekhne ka tareeka hai ki padha hua kitna yaad hai, aur kahan dobara padhna hai.

Series XII ke 150 practice questions

Ek-ek karke answer do aur turant wajah padho. Ya is paper jaisa timed set do: pass ke liye 60%, galat answer par koi katauti nahi.

Practice shuru karo →

NISM Series XII mock test

50 sawaal ke 3 fixed paper. Ghadi is exam ki raftaar se chalti hai, aur pass mark aur negative marking iske apne hain. Submit karte hi score aur har jawab ki wajah khulti hai.

Mock test do →

Har series ka practice set

Baaki certifications ke sawaal bhi hain. Har ek apne pass mark aur marking rule se check hota hai.

Har series dekho →

Kaunsa NISM exam aap par laagu hota hai

Kaunsi series aapke kaam ki hai, aur har series ke lessons aur tools.

Certification hub kholo →

Is site ki baaki certifications

Sources aur review date. Upar ke sawaalon ki ginti, kul marks, samay, pass mark, negative marking aur certificate validity NISM ke apne pages se hain, jo NISM-Series-XII: Securities Markets Foundation Certification Examination ke liye 17 October 2026 ko padhe gaye. Har sawaal ke marks, pass ke marks aur galat answer par katne wale marks inhi figures se nikaale gaye hain. Is exam ke har unit ke published marks nahi mile, isliye yahan nahi diye. Doosri weightage tables andaaze hain. Unit headings in practice sawaalon ke kram mein hain. Inhe NISM ki published unit list se milaa kar dekho.

NISM Series XII: aksar poochhe sawaal

NISM Series XII exam mein kitne sawaal hote hain?

NISM-Series-XII: Securities Markets Foundation Certification Examination mein 100 sawaal hote hain, kul 100 marks. Inhe 120 minute (2 ghante) mein karna hota hai.

NISM Series XII mein pass hone ke liye kitne marks chahiye?

60%. 100 marks ke paper par iska matlab 60 marks hai. Yeh NISM ke is exam ke apne page se 17 October 2026 ko milaaya gaya.

Kya NISM Series XII mein negative marking hai?

Nahi. NISM is exam mein negative marking nahi lagata. Isliye is paper mein khaali chhodna kabhi behtar nahi hota. Guess sirf madad kar sakta hai.

NISM Series XII ka certificate kitne saal valid rehta hai?

Exam ki date se 3 saal. NISM apne certifications ke liye Continuing Professional Education programme bhi chalata hai. Certificate expire hone se pehle nism.ac.in par revalidation ka aaj ka tareeka dekho.

Kya is page ke practice questions NISM Series XII exam se liye gaye hain?

Nahi. LearnNifty ne yeh saare 150 sawaal is certification ke public NISM syllabus se likhe hain. NISM apna question bank publish nahi karta. Yeh sawaal syllabus ki practice karaate hain. Paper mein kya aayega, yeh nahi bata sakte.

NISM Series XII ke syllabus mein kya aata hai?

Is certification ke humare practice questions 6 topics mein baante gaye hain: Understanding Securities Markets and Performance, Securities: Types, Features and Concepts of Asset Allocation and Investing, Primary Markets, Secondary Markets, Mutual Funds, Derivative Markets. Practice set isi dhaanche par chalta hai. NISM is exam ka apna curriculum aur test objectives nism.ac.in par publish karta hai. Aapke exam ke liye jo workbook current hai, sirf wahi exam ka material hai.

LearnNifty ko NISM Series XII exam ki yeh figures kahan se milti hain?

Sawaalon ki ginti, samay, pass mark, negative marking aur certificate validity NISM ke exam pages se hain, jo aakhri baar 17 October 2026 ko padhe gaye. Yahan ka quiz bhi inhi figures se marks deta hai. NISM inhe kabhi kabhi badalta hai, isliye register karne se pehle nism.ac.in par confirm karo.

Iske baad yeh karo

Upar ke figures se check hone wala Series XII paper do

Published syllabus par likhe Series XII sawaal, isi paper ke niyamon se check — pass ke liye 60%, galat answer par koi katauti nahi. Practice mode har option samjhata hai. Timed practice submit tak answers chhupati hai.

Series XII practice questions kholo

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