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NISM Series-IX: Merchant Banking Exam

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NISM Series-IX: Merchant Banking Exam


The NISM Series-IX: Merchant Banking Exam aims to establish a standardized level of fundamental knowledge for individuals employed with SEBI registered Merchant Bankers, who:

  • Engage in SEBI regulated activities such as initial public offerings, further public offerings, Open Offers, Buy-backs, and Delisting.
  • Handle dealings with issuers pertaining to the activities mentioned above.
  • Interact with intermediaries associated with the aforementioned activities.
  • Serve as designated Compliance Officers overseeing the activities outlined in point (a).
  • Provide Due Diligence Certificates to SEBI in relation to the activities mentioned in point (a).

Furthermore, the examination aims to ensure a foundational comprehension of various aspects of capital market operations, the procedures involved in the functions of registered Merchant Bankers, and the regulatory framework within which they operate.


Who should take the exam?

The NISM Series-IX: Merchant Banking exam is designed for individuals who want to work in the Indian securities market, specifically in roles related to merchant banking activities. The ideal candidates are:

  • Merchant Banker Employees
  • Those Aspiring for Merchant Banking Careers
  • Finance Professionals


Exam Course Outline 

The Exam covers the given topics  - 

  • Chapter 1: Introduction to Capital Market
  • Chapter 2: Overview of Merchant Banking
  • Chapter 3: Registration, Code of Conduct & General Obligations of Merchant Bankers in India
  • Chapter 4: Learn about Issue Management – Important Terms
  • Chapter 5: Issue Management – Process and Underwriting
  • Chapter 6: Understand Issue Management – General Obligations of Merchant Bankers and Due Diligence
  • Chapter 7: Other Merchant Banking Activities-Mergers, Acquisitions & Takeovers
  • Chapter 8: Other Merchant Banking Activities – Disinvestment, Buyback of Equity Shares

NISM Series-IX: Merchant Banking Exam FAQs

There will be 100 questions which have to be completed in 120 minutes.

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Once purchased, the practice exams can be access for the lifetime.

After the completion of your exam, the points you earned on each question are totaled and then compared with the cut score to determine whether the result is pass or fail.

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NISM-Series IX: Merchant Banking Certification Exam w.e.f April 11, 2019 The examinations seeks to create a common minimum knowledge benchmark for employees working with SEBI registered Merchant Bankers, who a. perform SEBI regulated activities such as initial public offer, further public offer, Open Offer, Buy-back, Delisting; b. deal with the issuers in connection with activities mentioned in (a) above; c. deal with intermediaries associated with activities mentioned in (a) above; d. act as designated Compliance Officer dealing with the activities mentioned in (a) above; e. submit Due Diligence Certificates to SEBI in connection with the activities mentioned in (a) above; The exam will further seek to ensure basic understanding of various aspects of capital market functions, the processes involved in various functions of registered Merchant Bankers and the regulatory environment in which it operates.

The following persons can take NISM-Series-IX: Merchant Banking Certification Examination: 2. The employees working with SEBI registered Merchant Bankers and performing various SEBI regulated functions such as those relating to IPO, FPO, Open Offer, Buy-Back, Delisting etc, who a. perform SEBI regulated activities such as initial public offer, further public offer, Open Offer, Buy-back, Delisting; b. deal with the issuers in connection with activities mentioned in (a) above; c. deal with intermediaries associated with activities mentioned in (a) above; d. act as designated Compliance Officer dealing with the activities mentioned in (a) above; e. submit Due Diligence Certificates to SEBI in connection with the activities mentioned in (a) above; 4. Anyone interested in making a career in the Merchant Banking 5. Any other individuals

The candidate has to secure 60% in order to pass the exam.

The fees for NISM Series IX: Merchant Banking Certification Exam is Rupees One Thousand Five Hundred only (Rs. 1500/-).

There are no prerequisites required for NISM Series IX: Merchant Banking Certification Exam.

Yes testprep training offers free practice tests for the NISM Series IX: Merchant Banking Certification Exam which can be used before the final purchase for complete test.

The certificate will be valid for 3 years from the date of the examination.

There will be 100 questions in the exam.

There will only be multiple-choice and multi-response questions covered in the exam.

The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score on the examination is 60%. There shall be negative marking of 25% of the marks assigned to a question.

On successful completion of the examination the candidate should: • Understand the structure of financial and securities markets in India; financial intermediaries and the types of products available in the Indian market. • Understand the regulatory framework and the role of the various regulators in the financial system. • Understand the Importance of Compliance function and the scope and role of the compliance officer in the Indian securities market. • Understand the various regulations and rules of the Indian securities market as related to the defined group of intermediaries. • Understand the importance of compliance of the rules and regulations and the penal actions initiated in case of any default or failure.

To renew your current certificate, you need to appear for NISM CPE for Merchant Banking Certification Examination or successfully pass the NISM-Series-IX: Merchant Banking Certification Examination before the expiry of such certificate.

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TestprepTraining provides unique sets of questions that will help you check your skills and knowledge in performing data analysis on Excel. These practice questions will help you increase your knowledge for better preparation of exam.

Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Testprep Training and not the NISM Series IX: Merchant Banking Certification Exam cost.