Capital Market Dealers Modules Practice test (Free)
Taking into account international experience and the needs of the Indian financial markets, National Stock Exchange introduced in 1998 a facility for testing and certification by launching NSE's Certification in Financial Markets (NCFM).
NCFM is an online testing and certification programme. It tests the practical knowledge and skills required to operate in the financial markets. Tests are conducted in a secure and unbiased manner and certificates awarded based on merit of the candidate to qualify the on-line test.
The entire process of testing, assessing and scores reporting in the NCFM is fully automated. The system is operated through an intranet facility by using a central World Wide Web server with terminals located at each of the designated test centres to be used as an examination front end. Communication between the central server and the test centres is achieved through VSAT/leased line network.
The Test is also offered through the Internet to enable candidates outside the designated test centres to take tests at their convenience. This allows flexibility in terms of testing centers, dates and timing and provides easy accessibility and convenience to candidates.
The easy accessibility as well as flexibility involved in the NCFM programme has resulted in its wider acceptance among market intermediaries, students and regulators.
NCFM currently tests expertise in the following modules.
| Financial Markets: A Beginner's Module |
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This is a basic level programme for those who wish to either begin a career in the financial markets in India or simply learn the fundamentals of capital markets. The course is structured to help understand the basic concepts relating to different avenues of investment, the primary and the secondary market, the derivatives market and financial statement analysis.
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| Securities Market (Basic) Module |
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This module develops on the Financial Market Beginner's Module. It discusses the issues relating to different areas of securities market in greater depth and detail than the Financial Market Beginner's Module. In addition, the course helps understand the securities market structure, regulatory framework and the basics of corporate finance.
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| Currency Derivatives: A Beginner's Module |
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This module has been designed with a view to improve awareness about the 'Currency Derivatives' product, which has been made available for trading in the Indian securities market in 2009. The course content is structured to help a beginner understand what the product is, how it is traded and what uses it can be put to
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| Mutual Funds: A Beginner's Module |
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Mutual funds have become a much sought after investment product in recent years. This course demystifies the concept of mutual funds and helps create awareness and knowledge about the industry and its functioning.
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| Equity Derivatives: A Beginner's Module |
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This module has been prepared with a view to equip candidates with basic but essential information and concepts regarding the equity derivatives markets.
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| Interest Rate Derivatives: A Beginner's Module |
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Interest rate risk management is becoming increasingly important not just for the financial sector, but for the household sectors as well. Interest rate derivative products are the primary instruments available to manage such risks. Interest Rate Derivatives: A Beginner's Module aims at creating a better understanding of the concepts underlying the money market and giving insights into the motives of and operations related to the trading of interest rate derivatives."
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| Commercial Banking in India : A Beginner's Module |
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This module aims at familiarizing the candidates with the fundamentals of banking and provides some basic insights into the policies and practices followed in the Indian banking system
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| Commodities Market Module |
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The aim of this module is to provide beginners as well as the dealers with both theoretical and applied knowledge pertaining to commodities trading. The module is beneficial for those who wish to pursue careers in brokerage firms dealing in commodity derivatives. This module has been developed jointly by NSE and NCDEX
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