Exam questions
150
One sitting
SIFPrime
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Preparing the latest fund data and research view.
New game plan
Start with the heaviest contract themes, then overlap-heavy chapters, then foundation and polish.
Exam questions
150
One sitting
Pass mark
90 marks
Out of 150 questions
Negative marking
-0.25
Per wrong answer
Study blocks
5
Recommended order
Recommended order
Block 1
28.8% Series XIII weight
Theme 3 futures mechanics plus Theme 4 options and payoffs.
Why: Start with the two contract-heavy themes that carry a large question pool and make later strategies easier.
Start hereBlock 2
34.8% Series XIII weight
Chapters 6, 7, 8, 9 and 10: trading mechanism, clearing, settlement, risk, rules, regulation, accounting, taxation and investor conduct.
Why: These chapters repeat across all three modules. Study once, then score across the full exam.
Block 3
17.6% Series XIII weight
Theme 1 plus Theme 2 for Equity and Currency: derivative fundamentals and underlying-market chapters.
Why: Build the base before contracts. Keep IRD bond math for a fresher week.
Open blockBlock 4
11.2% Series XIII weight
Chapter 5 strategies across all modules.
Why: Keep this block focused on strategy, hedging and arbitrage logic. Chapter 2 is already covered in Foundation.
Open blockBlock 5
Attempt the full 150-question SIF exam mock and use the result to decide final revision.
Why: Negative marking makes late-stage accuracy more important than reading more pages.
Overlap advantage
SEBI/RBI roles, SCORES, KYC/KRA, arbitration, ODR, accounting, taxation and investor protection repeat across all three modules.
Novation, clearing corporation, settlement guarantee, Core SGF, MTM, margins and risk controls follow the same mental model.
Order types, member roles, SPAN, collateral rules, price bands, position limits and exchange workflows can be learned once and reused.