Is a free demo available for the Series XVI mock test?

Yes. A free demo test is available before you pay, so you can judge the question quality and interface yourself.

What is the pass mark for NISM Series XVI?

Series XVI requires 60% to pass and carries 25% negative marking. Confirm the current structure on the official NISM certifications page before registering.

Is Series XVI similar to Series VIII?

They share derivatives fundamentals, but the commodity paper adds physical delivery, warehousing, quality specifications and a different regulatory treatment. Candidates transferring from Series VIII usually lose marks in exactly those areas.

Who needs the Commodity Derivatives certification?

It applies to approved users and sales personnel of members in the commodity derivatives segment. Confirm your specific obligation with SEBI or the exchange, as the requirement is role-dependent.

SEBI-mandated

NISM Series XVI Commodity Derivatives mock test

Series XVI covers the commodity derivatives segment — a market with its own contract mechanics, delivery rules and regulatory treatment. Candidates who come to it from equity derivatives are often caught out by exactly those differences, which is where focused practice pays.

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Exam at a glance

Exam fee: ₹1,500
Duration: 2 hrs
Maximum marks: 100
Pass mark: 60%
Negative marking: 25%

Verified against the official NISM certifications page on 23 July 2026. Fees and exam structure are set by NISM and can change — always confirm before registering.

Who this exam is for

Dealers and staff of members in the commodity derivatives segment
Candidates moving from equity derivatives into commodities
Employees of brokers handling commodity contracts
Anyone needing the certification for a compliance requirement

What the exam covers

Commodity markets, participants and price formation
Contract specifications and the exchanges that list them
Hedging and trading strategies specific to commodities
Delivery, warehousing and settlement mechanics
Margining and risk management
The regulatory framework governing commodity derivatives

Topic areas are indicative. The official workbook is the authoritative syllabus and is revised periodically — always prepare against the current edition.

Coming from equity derivatives? Read this first

The instruments look familiar, so candidates transfer their equity-derivatives instincts across and lose marks on the parts that genuinely differ: physical delivery, warehousing, quality specifications and the settlement calendar have no equity equivalent.

Those chapters are where the paper separates people, and they are also the most predictable marks available once you have practised them.

How to prepare

Study contract specifications concretely rather than in the abstract — the exam asks about particular contract features.
Give the delivery and warehousing chapters real time; they are the usual gap for equity-derivatives candidates.
Practise margin calculations under time, as with any derivatives paper.
Use timed full-length tests so the negative marking is handled by habit rather than nerve.

What you get with this mock test

Questions mapped to the latest official workbook
A free demo test before you pay anything
A written explanation for every question
Topic-wise and full-length timed tests
Instant results with chapter-wise analytics
Unlimited attempts during your validity period

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