Duration : 120 minutes
No. of questions : 60
Maximum marks : 100, Passing marks : 50 (50%); There is negative marking for incorrect answers.
Certificate Validity : For successful candidates, certificates are valid for 5 years from the test date.
Rs. 1,800/- (Rupees One Thousand Eight Hundred only)
INTRODUCTION TO DERIVATIVES
Introduction to Derivatives; types, Products, participants and functions; Exchange–traded versus OTC derivatives.
APPLICATION OF FUTURES & OPTIONS
Types of instruments (future, options)-Basics and Payoffs; Pricing commodity derivatives; Hedging, Speculation and Arbitrage.
Difference between commodity and financial derivatives; Global and Indian commodities exchanges; Evolution of commodity market in India.
Structure of NCDEX; Exchange membership; Capital requirements; Commodities traded on NCDEX platform; Instruments available for trading; Pricing of commodity futures; Trading; Clearing, Settlement and Risk Management; Use of commodity futures in hedging, speculation and arbitrage.
REGULATORY FRAMEWORK & TAXATION ASPECTS
Rules governing commodity derivatives exchanges; Intermediaries, Investor grievances and arbitration, Implications of sales tax.