NISM NISM Series IV: Interest Rate Derivatives Certification
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Topics Covered in This Mock Test
- ✅ Fixed Income Basics
- ✅ Bond Pricing & Duration
- ✅ Government Bond Futures
- ✅ Interest Rate Swaps (IRS/OIS)
- ✅ Yield Curve
- ✅ Hedging Strategies
All questions are based on the official NISM Series IV syllabus. Questions are shuffled on every attempt. Explanations are shown after each answer.
Why Use This Mock Test?
Simulates real exam conditions
Learn why each answer is correct
See which topics need more work
Different order every attempt
0.25 deduction — exactly like the real exam
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Frequently Asked Questions — NISM Series IV
NISM Series IV is required for professionals dealing in interest rate derivative products — government bond futures, interest rate swaps — at banks, primary dealers, and broking firms.
Duration measures a bond's price sensitivity to interest rate changes. Modified Duration of 5 means a 1% rise in yields causes approximately a 5% fall in bond price.
In G-Sec futures, the CTD bond is the eligible government security that costs the least for the short (seller) to deliver against the futures contract at settlement.