Exam and Question Bank Details
NISM Series XXII: Fixed Income Securities Certification Exam and Question Bank Details
The NISM Series XXII: Fixed Income Securities Certification Exam is conducted by the National Institute of Securities Markets (NISM). This certification is designed for professionals and students who want to enhance their knowledge of fixed income securities, bond markets, debt instruments, yield calculations, interest rate movements, and portfolio strategies involving fixed income products.
Passing this exam is beneficial for individuals working in investment banking, asset management, treasury, portfolio management, and wealth advisory roles. It is equally valuable for students and professionals aiming to understand debt markets, risk management techniques, and valuation of fixed income securities.
Exam Details
- Mode: Online at NISM Exam Centres
- Type: Multiple Choice Questions (MCQs)
- No. of Questions: 100
- Total Marks: 100 (1 mark per question)
- Passing Marks: 60% (i.e., 60 marks)
- Duration: 120 minutes
- Negative Marking: 25% per wrong answer
Finsafar Question Bank for NISM Series XXII Fixed Income Securities
- 500+ exam-oriented questions (latest 2025 syllabus).
- Includes practice tests, last-day revision sets, and full-length mock exams.
- Step-by-step explanations for yield, bond pricing, duration, convexity, and risk measures.
- Concept-first, application-later approach to help you understand, not just memorize.
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With Finsafar’s Fixed Income Securities mocks, your preparation becomes smarter, faster, and exam-focused.
Background of the Exam
The NISM Series XXII Exam builds a strong foundation in fixed income markets, making it essential for professionals handling debt instruments, treasury products, and interest rate–sensitive portfolios. It covers government securities, corporate bonds, credit risk, yield curves, and portfolio strategies.
Who Should Take this Exam?
- Fixed income and debt market professionals.
- Portfolio managers, treasury executives, and investment bankers.
- Employees of mutual funds, AMCs, and brokerage firms.
- Wealth managers, investment advisors, and consultants in fixed income products.
- Students of finance, CFA/CA aspirants, and MBA (Finance) students.
Objectives of the Examination
- Understand the structure and functioning of India’s fixed income markets.
- Learn bond pricing, yield measures, and interest rate risk management.
- Analyze credit ratings, duration, convexity, and debt portfolio construction.
- Understand central bank policy, monetary tools, and liquidity management.
- Evaluate fixed income securities and design portfolio strategies.
Study Material for Fixed Income Securities Exam
- Official NISM XXII workbook (free PDF download on NISM site; hard copies available).
- The workbook is theory-heavy and less exam-focused.
- Finsafar mocks & question bank provide practical, exam-oriented learning.
Registration & Enrollment Procedure
- Register on the NISM Certification Portal with PAN, name, and DOB.
- Activate account via email verification.
- Log in → Go to Enrolment → Select NISM Series XXII Exam.
- Choose city, centre, date, and time slot.
- Pay exam fees online and download Admit Card.
- Carry Admit Card + valid ID proof (PAN/Aadhaar/Passport/Driving License) on exam day.
Syllabus at a Glance
- Introduction to Fixed Income Securities
- Structure of Indian Debt Markets
- Types of Instruments: Bonds, G-Secs, Debentures
- Bond Pricing & Yield Calculation
- Interest Rate Risk, Duration & Convexity
- Credit Risk & Credit Rating
- Monetary Policy & Impact on Debt Markets
- Portfolio Management with Fixed Income Securities
- Regulatory Framework & Compliance
Preparation Strategy
- Read the official workbook at least once.
- Study 2–3 hours daily for 3 weeks.
- Focus on bond pricing, yield numericals, and risk measures (high-weightage).
- Revise regulatory and credit rating frameworks thoroughly.
- Practice Finsafar mocks to assess readiness and strengthen weak areas.
Tip: Aim to attempt 75–80 questions with confidence. Bond pricing and yield numericals are scoring.
Exam Day Instructions
- Carry Admit Card + valid Photo ID (PAN/Aadhaar/Passport/Driving License).
- Report at least 30 minutes early.
- Attempt carefully, as negative marking applies.
- Results and mark sheet available immediately after submission.
Finsafar Wishes You Success 🚀
Clearing the NISM Series XXII Fixed Income Securities Exam becomes easier with the right mix of study and practice. Try Finsafar’s free demo questions to experience the real exam environment.
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