Hey Everyone,
Looks like there are a lot of unanswered queries about NCFM
Here is what I have observed from my Certifications so far, this info might help quite a few of us -
The most basic requirements to either get a job as a Dealer is to clear the NCFM Certifications
You basically require to clear Capital Market (Dealers) Module (CMDM) & Derivatives Market (Dealers) Module (DMDM) and you can also attempt to clear the Commodities Market Module if you are interested in taking up Commodities as an area of expertise
Remember that CMDM & DMDM are required for applying as a Relationship Manager/Officer in most of the reputed brokerages
Now coming to the basic on how these exams are conducted -
As soon as you register for the exams, you are required to select the date and the venue for the exams that you prefer, it also shows the seat availability and multiple time slots which you can choose as per your conveniance
You will then be sent the Study Material booklet which obviously has to be studied before you go for your exams. I re-iterate the fact that almost every question asked in the exams are from the book itself, You dont have to learn the entire book, just reading through it is enough for you to remember important information (or thats the way I prepare myself atleast)
Also keep in mind that the questions mentioned in the Model arent the only ones asked, study the entire question and the logic behind it as they are often twisted to confuse you
Not to forget the fact that Model Questions mentioned are the SIMPLEST FORM of what will be asked so do not prepare yourself only with that
Try focussing more on the high weightage topics and be smart with questions that require calculations.
Do not try to give smart answers, you dont have to do out-of-the-box thinking, nobody checks how smart you are at solving riddles & puzzles, the questions are asked in a simple format and are expected to be answered the same way. There are some answers to questions that you will think are too simple to be asked in such an exam, but trust me that simple answer is what they really want
There are questions in which you can score 1,2 & 3 marks, remember about the negative marking on incorrect answers, so its always recommended to leave the question untouched rather than reduce your scores by incorrectly answering them
Its always worthwile to attempt the questions weighing 2-3 marks as the negative marking is the same for all types of questions, so its a higher risk/reward ratio you are looking at.
After you are done with answering the questions, you will get the results shown there itself, 60% is the passing criteria.
Certificates are sent to your adress within a month's time
All The Best !!!:thumb:
Looks like there are a lot of unanswered queries about NCFM
Here is what I have observed from my Certifications so far, this info might help quite a few of us -
The most basic requirements to either get a job as a Dealer is to clear the NCFM Certifications
You basically require to clear Capital Market (Dealers) Module (CMDM) & Derivatives Market (Dealers) Module (DMDM) and you can also attempt to clear the Commodities Market Module if you are interested in taking up Commodities as an area of expertise
Remember that CMDM & DMDM are required for applying as a Relationship Manager/Officer in most of the reputed brokerages
Now coming to the basic on how these exams are conducted -
As soon as you register for the exams, you are required to select the date and the venue for the exams that you prefer, it also shows the seat availability and multiple time slots which you can choose as per your conveniance
You will then be sent the Study Material booklet which obviously has to be studied before you go for your exams. I re-iterate the fact that almost every question asked in the exams are from the book itself, You dont have to learn the entire book, just reading through it is enough for you to remember important information (or thats the way I prepare myself atleast)
Also keep in mind that the questions mentioned in the Model arent the only ones asked, study the entire question and the logic behind it as they are often twisted to confuse you
Not to forget the fact that Model Questions mentioned are the SIMPLEST FORM of what will be asked so do not prepare yourself only with that
Try focussing more on the high weightage topics and be smart with questions that require calculations.
Do not try to give smart answers, you dont have to do out-of-the-box thinking, nobody checks how smart you are at solving riddles & puzzles, the questions are asked in a simple format and are expected to be answered the same way. There are some answers to questions that you will think are too simple to be asked in such an exam, but trust me that simple answer is what they really want
There are questions in which you can score 1,2 & 3 marks, remember about the negative marking on incorrect answers, so its always recommended to leave the question untouched rather than reduce your scores by incorrectly answering them
Its always worthwile to attempt the questions weighing 2-3 marks as the negative marking is the same for all types of questions, so its a higher risk/reward ratio you are looking at.
After you are done with answering the questions, you will get the results shown there itself, 60% is the passing criteria.
Certificates are sent to your adress within a month's time
All The Best !!!:thumb: