NP

NISM Series X-A

Investment Adviser (Level 1)

← Chapter 10: Understanding Derivatives

Chapter 10 test

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Question 1 of 25

Question 1 of 25

In India, derivatives are treated as 'securities', and their trading is therefore governed by the regulatory framework under the:

Practice questions are based on the NISM Series X-A workbook (February 2025), updated for later SEBI/RBI changes up to November 2026. Always check the latest NISM syllabus before your exam. Video lessons on YouTube ↗