The examination is created for those candidates who wish to assess their financial literacy and their understanding of various aspects of financial markets including banking, securities, insurance and pension.
It seeks to ensure a basic understanding of the various aspects of an individual’s and/or a household’s financial planning by enhancing their financial literacy. This examination covers key concepts in financial literacy, various investment options, savings and investment products, insurance and pension, retirement planning, stock market, caution against Ponzi schemes, tax savings options, investor protection and investor grievance redressal.
Examination Objectives:
On successful completion of the examination, the candidate should:
Assessment Structure:
The NISM-Series-XVIII: Financial Education Certification Examination will be a 50 marks examination to be completed in 2 hours. It will have 50 questions of 1 mark each. There will be no negative marking. The passing score for the examination is 50% (i.e., 25 marks out of total marks of 50).
Test Details:
Name of Module: NISM-Series-XVIII: Financial Education Certification Examination
Fees (Rs.) | Test Duration (in minutes) | No. of Questions | Maximum Marks | Pass Marks* (%) | Certificate Validity (in years)# |
1416+ | 120 | 50 | 50 | 50% or 25 marks | 3 |
+ Inclusive of Service Tax. Payment Gateway Charges extra.
# Passing Certificate will be issued only to those candidates who have furnished/updated their Income Tax Permanent Account Number (PAN) in their registration details.
For more details, please refer to NISM’s Communiqué / Press Release for NISM-Series-XVIII: Financial Education Certification Examination (NISM/Certification/FE/2019/1 dated March 27, 2019) available in the “Circulars” section of NISM website.
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