NP

NISM Series X-A

Investment Adviser (Level 1)

X-A chapters / Module 2: Indian Financial Markets

Chapter 6. Securities Market Segments

How securities are issued in the primary market, traded and settled in the secondary market, and affected by corporate actions.

Total watch time 40 min · Hindi audio

Key topics

  • Types of issues, book building and ASBA/UPI applications
  • T+3 IPO listing, T+1/T+0 settlement and the UPI block mechanism
  • Secondary market functions, indices and market capitalisation
  • Risk management: margins, circuit breakers, novation, Core SGF
  • Corporate actions: rights, bonus, dividend, split, buyback, delisting

Chapter test

25 multiple-choice questions with explanations. Score 60% or more to complete this chapter.

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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 ↗