Chapter 11: NISM-XV Exam Prep
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Day 51: NISM-XV Syllabus — Module 1 & 2
Securities Market ka Introduction — Exam Ka Foundation!
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📖 Chalo Exam Ready Ho Jaate Hain!
Ab tak humne stock market ka poora base samjha — companies se lekar technical analysis tak. Ab in 10+ chapters ka exam-focused revision karte hain NISM-XV ke syllabus ke according!
NISM Series XV syllabus ke 9 chapters hain. Hum in sab ko cover karenge systematically. Chhota-chhota step, bada-bada result! 🎯
Ab tak humne stock market ka poora base samjha — companies se lekar technical analysis tak. Ab in 10+ chapters ka exam-focused revision karte hain NISM-XV ke syllabus ke according!
NISM Series XV syllabus ke 9 chapters hain. Hum in sab ko cover karenge systematically. Chhota-chhota step, bada-bada result! 🎯
NISM-XV Chapter 1: Securities Market Introduction
Key Definitions — Exam Mein Zaroor Aate Hain!
📌 Securities: Shares, debentures, bonds, derivatives — financial instruments
📌 Primary Market: Jahan new securities issue hoti hain (IPO, FPO, Rights Issue)
📌 Secondary Market: Jahan already issued securities trade hoti hain (NSE, BSE daily trading)
📌 Capital Market: Long-term securities (equity + bonds, 1 year+)
📌 Money Market: Short-term instruments (treasury bills, commercial papers, <1 year)
📌 Securities: Shares, debentures, bonds, derivatives — financial instruments
📌 Primary Market: Jahan new securities issue hoti hain (IPO, FPO, Rights Issue)
📌 Secondary Market: Jahan already issued securities trade hoti hain (NSE, BSE daily trading)
📌 Capital Market: Long-term securities (equity + bonds, 1 year+)
📌 Money Market: Short-term instruments (treasury bills, commercial papers, <1 year)
Types of Securities (Exam Important!)
| Type | Description | Example |
|---|---|---|
| Equity Shares | Ownership in company, voting rights, dividend | TCS, Reliance shares |
| Preference Shares | Fixed dividend, priority in liquidation, no voting | HDFC Pref shares |
| Debentures/Bonds | Debt instrument, fixed interest, creditor not owner | Corporate bonds |
| Warrants | Right to buy shares at fixed price in future | Promoter warrants |
| Derivatives | Value derived from underlying asset (F&O) | Nifty Futures, Options |
| Mutual Fund Units | Pooled investment vehicle | SBI Nifty 50 Index Fund |
Chapter 2: Regulatory Framework
India Ka Regulatory Pyramid!
🏛️ Parliament: SEBI Act 1992, Securities Contract (Regulation) Act 1956, Depositories Act 1996
👮 SEBI: Market regulator — makes regulations for everyone below
🏢 Exchanges (NSE, BSE): SEBI ke under, trading rules set karte hain
📦 Depositories (CDSL, NSDL): Securities electronically hold karte hain
👨💼 Brokers/DP: Clients ke liye trading/holding — SEBI registered hona must!
🏛️ Parliament: SEBI Act 1992, Securities Contract (Regulation) Act 1956, Depositories Act 1996
👮 SEBI: Market regulator — makes regulations for everyone below
🏢 Exchanges (NSE, BSE): SEBI ke under, trading rules set karte hain
📦 Depositories (CDSL, NSDL): Securities electronically hold karte hain
👨💼 Brokers/DP: Clients ke liye trading/holding — SEBI registered hona must!
Key Regulations — Exam Pe Poochha Jaata Hai!
| Regulation | What It Does |
|---|---|
| SEBI Act 1992 | SEBI ko statutory powers diya — investor protection, market development |
| SCRA 1956 | Stock exchanges aur securities transactions regulate karta hai |
| Depositories Act 1996 | Demat system — CDSL, NSDL ko regulate karta hai |
| Companies Act 2013 | Company formation, governance, disclosure norms |
| PMLA 2002 | Prevention of Money Laundering — KYC mandatory! |
| SEBI (RA) Regulations 2014 | Research Analyst registration mandatory for advisory services |
🎉 Exam Tip!
NISM-XV ke questions mein "which act" type questions aate hain. Most important: SEBI Act 1992 (SEBI ko powers diya), SCRA 1956 (stock exchange regulate karta hai), Depositories Act 1996 (demat system). Teen acts yaad karo — ₹1,500 ka exam pass guaranteed! 😄
NISM-XV ke questions mein "which act" type questions aate hain. Most important: SEBI Act 1992 (SEBI ko powers diya), SCRA 1956 (stock exchange regulate karta hai), Depositories Act 1996 (demat system). Teen acts yaad karo — ₹1,500 ka exam pass guaranteed! 😄
🎯 Takeaway:
Primary market = new issue. Secondary market = trading of existing. Equity = ownership, Debt = creditor. Regulatory pyramid: Parliament → SEBI → Exchanges → Brokers. Key acts: SEBI Act 1992, SCRA 1956, Depositories Act 1996. Kal — NISM Chapter 3 & 4: Research Process!
Primary market = new issue. Secondary market = trading of existing. Equity = ownership, Debt = creditor. Regulatory pyramid: Parliament → SEBI → Exchanges → Brokers. Key acts: SEBI Act 1992, SCRA 1956, Depositories Act 1996. Kal — NISM Chapter 3 & 4: Research Process!