NISM Series VIII Open for practice Mandated by SEBI
NISM Series VIII Mock Tests and Practice (NISM 8)
NISM Series VIII: Equity Derivatives
Covers equity futures and options: pricing, payoffs, strategies, trading mechanism, clearing and settlement, risk management, regulation and taxation.
- Duration
- 120 min
- Questions
- 100
- Maximum marks
- 100
- Pass mark
- 60%
- Negative marking
- 25%
- NISM fee
- ₹1,500
Verified 13 Oct 2026 from NISM's official certification listing. Certificate valid 3 years. NISM currently lists all certification examinations as online, remote-proctored.
Free mock tests
3 full-length papers, each 100 questions in 120 minutes, with the real exam's 25% negative marking, and every chapter in its exam weightage. No question appears in more than one paper, so each one is a fresh test.
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Free Mock 1
100 questions
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Free Mock 2
100 questions
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Free Mock 3
100 questions
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After you submit, open the review and tap Explain this with the AI Coach on any question you got wrong.
A free account saves your answers, scores and mistake notebook. No payment details needed.
What a paid plan adds
The free mocks show you where you stand. A paid plan gives you the practice to close the gaps before exam day.
- Unlimited full mocks, freshly drawn from all 344 NISM Series VIII questions and favouring ones you haven't seen, so you never sit the same paper twice.
- Unlimited practice by chapter, weak topic and mistake notebook. The free plan stops at 30 questions a day.
- 60 AI Coach messages a day (free: 5). Clear every doubt as it comes up, get calculations worked step by step and a revision plan for your exam date.
- Last-24-hours revision: a timed paper of your recent mistakes plus the highest-weight chapters, built for the day before the exam.
- Retake any free mock to check that you've fixed what you got wrong.
Why start today
- At 30 free questions a day, working through all 344 questions takes about 2 days. With a plan you set the pace, and every extra day of practice before the exam counts.
- Access opens straight away: pay by UPI, enter the reference number, and you get 24 hours of full access while we confirm the payment.
- Plans start at ₹129 (Last 24 hours, 2 days), including GST. No auto-renewal: a plan simply ends.
Syllabus and chapter weightage
Workbook version: March 2026| # | Chapter | Weight | Questions | Actions |
|---|---|---|---|---|
| 1 | Basics of Derivatives Lesson with examples |
10 | 19 | Practise |
| 2 | Understanding the Index Lesson with examples |
5 | 23 | Practise |
| 3 | Introduction to Forwards and Futures Lesson with examples |
20 | 57 | Practise |
| 4 | Introduction to Options Lesson with examples |
20 | 52 | Practise |
| 5 | Strategies Using Equity Futures and Equity Options Lesson with examples |
10 | 45 | Practise |
| 6 | Trading Mechanism Lesson with examples |
10 | 41 | Practise |
| 7 | Introduction to Clearing and Settlement System Lesson with examples |
10 | 41 | Practise |
| 8 | Legal and Regulatory Environment Lesson with examples |
5 | 19 | Practise |
| 9 | Accounting and Taxation Lesson with examples |
5 | 17 | Practise |
| 10 | Sales Practices and Investors Protection Services Lesson with examples |
5 | 30 | Practise |
Who takes this exam
Dealers and approved users in the equity derivatives segment of stock brokers, sales and advisory staff, and traders who want a rigorous grounding in F&O.
Formula sheet
Formulas used in our original calculation questions for this exam.
| Chapter | Topic | Formula |
|---|---|---|
| 2 | Impact cost | Impact cost = (Actual price − Ideal price) / Ideal price |
| 3 | Cost of carry | F = S + Cost of carry − Income |
| 3 | Fair futures price | F = S × (1 + r − q)^T |
| 3 | Futures pricing | F = S × (1 + r × t) |
| 3 | Futures pricing | F = (S − D) × (1 + r × t) |
| 3 | Hedging with futures | Number of contracts = (Portfolio value × beta) / value of one contract |
| 3 | Mark to market | MTM = (settlement price − previous price) × lot size |
| 3 | Portfolio beta | Portfolio beta = Σ (weight × beta) |
| 4 | Intrinsic and time value | Time value = Premium − Intrinsic value |
| 4 | Option payoff | Put breakeven = Strike − Premium |
| 4 | Put-call parity | C + K/(1 + r × t) = P + S |
| 5 | Portfolio hedge | Lots = (Beta × Portfolio value) / (Futures price × Lot size) |
NISM Series VIII: frequently asked questions
How many questions are there in the NISM Series VIII exam?
The NISM Series VIII exam has 100 questions for 100 marks, to be answered in 120 minutes.
What is the passing mark for NISM Series VIII, and is there negative marking?
You need 60% to pass. Each wrong answer costs 25% of the marks for that question, so guessing has a price.
What is the fee for the NISM Series VIII exam and how long is the certificate valid?
NISM lists the fee as ₹1,500. The certificate is valid for 3 years. NISM currently lists all certification examinations as online, remote-proctored.
Are the NISM Series VIII mock tests on Integrato Digital free?
Yes. A free account gives you 3 full-length mock papers, each in the real exam pattern (100 questions, 120 minutes) with every chapter in its exam weightage. No question repeats across the free papers, and a 20-question diagnostic needs no sign-up at all. Paid plans add unlimited practice from the full bank and more mocks.
How should I prepare for NISM Series VIII?
Read the chapter lessons (10 chapters), practise chapter by chapter from the 344-question bank, review every explanation you get wrong, then take full mock tests under exam timing until you score comfortably above the pass mark.
Are these official NISM questions?
No. Integrato Digital is an independent practice platform and is not affiliated with or endorsed by NISM. Every question and lesson is original, written to the published NISM syllabus and test objectives.
Registering for the exam
Registration, scheduling, fees and certificates are handled only by NISM. Use the official page to register:
Official NISM Series VIII page on nism.ac.in
NISM also publishes the official workbook for each exam on its website. Our questions and notes are original and are written to complement it, not replace it.