NISM Series VII: Securities Operations and Risk Management (SORM) Exam and Question Bank Details

The NISM Series VII: Securities Operations and Risk Management (SORM) Certification Exam is conducted by the National Institute of Securities Markets (NISM). It is designed for professionals working in back-office, middle-office, and operational roles in stockbroking firms, depository participants, clearing corporations, custodians, and other market intermediaries. The exam focuses on operations, compliance requirements, risk management practices, and settlement mechanisms of the Indian securities market.

This certification is mandatory for certain roles under SEBI regulations and is highly recommended for individuals working in operations, clearing, settlement, and risk management within the securities market ecosystem. It helps professionals gain practical knowledge of functions involved in trading, clearing, and back-office processes — making it essential for anyone working in securities operations or aspiring to enter this field.

Exam Details

• Mode: Online at NISM Exam Centers
• Type of Questions: Multiple Choice Questions (MCQs)
• No. of Questions: 100
• Total Marks: 100 (1 mark each)
• Passing Marks: 60% (60 marks)
• Duration: 2 hours (120 minutes)
• Negative Marking: 25% for each wrong answer

Finsafar Question Bank for NISM SORM Exam

At Finsafar, we provide a specially curated, high-quality question bank for the NISM Series VII SORM Exam, aligned with the latest 2025 syllabus. Our package ensures concept clarity, exam-oriented practice, and real-world application.

• 400+ High-Quality, Exam-Oriented Questions (latest syllabus 2025)
• Full-Length Mock Tests + Chapter-Wise Practice Tests + Last-Day Revision Tests
• Step-by-step explanations for every answer, covering workflows, clearing & settlement, and risk calculations
• Concept-first, application-later approach for deeper understanding
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With Finsafar’s SORM mock tests, you’ll significantly increase your chances of clearing the exam on the first attempt.

Background of the Exam

The SORM Certification Exam was introduced under SEBI’s regulatory framework to ensure employees involved in securities operations, settlement, clearing, and risk management are certified and skilled. Earlier, many back-office roles were handled without structured training, leading to inefficiencies and compliance gaps. This certification ensures operational knowledge, regulatory awareness, and expertise in risk management.

Who Should Take this Exam?

• Back-office and middle-office professionals in stockbroking firms
• Employees of clearing corporations, custodians, and depositories
• Risk management professionals handling clearing & settlement
• Compliance and operations managers in brokerages and exchanges
• Students of MBA (Finance), CFA, or CA specializing in capital markets
• Aspiring professionals in securities operations, settlement, and risk management

Objectives of the Examination

• Understand the structure and functioning of securities markets
• Learn about trade lifecycle management (order to settlement)
• Understand the role of clearing corporations, depositories, custodians, and intermediaries
• Identify and mitigate operational, settlement, and systemic risks
• Gain insights into compliance requirements under SEBI
• Apply operational best practices in risk management, reconciliation, and reporting

Study Material for SORM Exam

The official NISM SORM workbook can be downloaded for free from the NISM website. Hard copies are also available online or at bookstores. However, the workbook is theory-heavy. Finsafar’s Mock Tests & Question Bank make preparation practical, easy, and exam-focused with step-by-step solutions and real-world application.

Registration & Enrollment Procedure

• Visit the NISM Certification Portal and register with PAN, Name, and DOB
• Activate your account using the confirmation email
• Login → Go to Enrolment → Select NISM Series VII: SORM Exam
• Choose preferred city, test center, date, and time slot
• Pay the exam fee online and download your admit card
• On exam day, carry Admit Card + Valid ID Proof (PAN, Aadhaar, Passport, or Driving License)

Syllabus at a Glance

• Introduction to Securities Markets
• Market Participants and Intermediaries
• Trade Lifecycle and Settlement Process
• Clearing Corporations and Risk Management Systems
• Depository Operations and Custody Services
• Compliance, Surveillance, and Regulatory Framework
• Operational Risk Management Techniques
• Reporting and Reconciliation Best Practices

Preparation Strategy

• Read the official workbook thoroughly once
• Dedicating 2–3 hours daily for 2–3 weeks covers the syllabus well
• Focus on trade lifecycle, risk management, and workflows — high-weightage areas
• Revise compliance, surveillance, and settlement modules multiple times
• Practice Finsafar Mock Tests regularly to test your readiness

👉 Pro Tip: Attempt at least 75–80 questions confidently. Regulatory and operational questions are straightforward scoring areas.

Exam Day Instructions

• Carry Admit Card + Valid ID Proof without fail
• Arrive at the exam center 30 minutes early
• Avoid random guessing as negative marking applies
• Results and marksheet are available immediately after submission

Finsafar Wishes You Success

Cracking the NISM Series VII SORM Exam is easier with the right strategy and focused practice. With Finsafar’s premium mock tests, question banks, and practical explanations, you’ll gain the confidence and clarity to clear the exam on your first attempt.

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