#Know the exam before you start

NISM Series XIII is 150 questions in 180 minutes, with 25% negative marking per wrong answer. You need 60% to pass. That means accuracy matters more than attempting every question.

Exam-day rule of thumb: attempting all 150 questions is not the goal. Attempting 115-120 questions with high accuracy consistently beats attempting all 150 with guesses -- the negative marking makes guessing expensive.

#A simple attempt strategy

  • Answer every question you're confident about first.
  • Skip, do not guess, on anything you're unsure of -- a wrong answer costs more than a skipped one.
  • Come back to skipped questions only if time allows.

#Where the marks actually are

Five chapters carry more than two-thirds of the exam between them. Study these first, not whichever feels easiest to start with.

Chapter Weightage
Trading, Clearing, Settlement & Risk Management 17%
Introduction to the Underlying Markets 16%
Strategies Using Futures 16%
Introduction to Options 15%
Introduction to Forwards and Futures 13%

#A worked example: how the scoring actually plays out

Attempting 8 of 10 questions, getting 6 right and 2 wrong, skipping 2:

Correct:  6 x 1 mark   = +6.00
Wrong:    2 x -0.25    = -0.50
Skipped:  2 x 0         =  0.00
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Net score: 5.5 out of 10

Ready to start? Try Unit 1 free and see the real exam pattern for yourself.