Introduction
NISM Series XV Research Analyst Mock Test | Online Question Bank
Please note: NIFM is an independent training and preparation platform. NIFM does not conduct the NISM Series XV examination, is not NISM or SEBI, and does not issue the official NISM certificate on their behalf. This mock test is a practice resource only, meant to help candidates prepare for the actual exam conducted by NISM. Nothing on this page constitutes investment, financial, or legal advice.
What Is the NISM Series XV Research Analyst Certification?
The NISM Series XV Research Analyst Certification Examination is something that research analysts really need to have. This certification was created by SEBIs Research Analyst Regulations. The National Institute of Securities Markets which is also known as NISM is in charge of conducting this examination. The main goal of this test is to see how well a candidate knows about the NISM Series XV Research Analyst Certification Examination and securities markets and things like valuation techniques and company and industry research. It also checks to see if they understand the rules that research analysts in India have to follow. The NISM Series XV Research Analyst Certification Examination is a test, for people who want to work as research analysts.
This certification applies to individuals who:
- Are registered as research analysts with SEBI
- Are partners or employees of research analyst firms involved in preparing or distributing research reports
- Are aspiring to build a career as an equity or investment research professional
Passing this exam is a regulatory prerequisite for legally operating as a research analyst in India, making it one of the more consequential certifications in the securities markets ecosystem.
How Mock Tests Help You Prepare More Effectively
When you read study material you get to know things but taking a mock test gets you ready for the actual exam. These are two things. A good mock test helps you in ways.
- It lets you feel what the real exam is like with time limits and marks being taken for wrong answers.
- You can find out where you are weak by seeing how you do on a lot of questions.
- You get used to questions that are based on life situations, which are different from simple multiple choice questions.
- You will not be surprised on the day of the exam because you will have practiced with questions that're similar to the real ones.
- You will get faster and more accurate at answering questions because you will have practiced times.
For exams like NISM Series XV that're technical and have a lot of rules practicing with mock tests is what makes the difference, between people who know the material but do not do well and those who actually pass the exam. Mock tests help you use what you know to get a score.
Frequently Asked Questions
1. What is the NISM Series XV exam?
The NISM Series XV exam is a mandatory certification for research analysts under SEBI's Research Analyst Regulations, covering securities markets, valuation, company and industry research, and the legal and regulatory framework. It applies to individuals who publish or distribute research reports on securities.
2. How many questions are in the NISM Series XV exam?
The exam consists of 100 questions — 92 multiple-choice questions plus 2 case-based question sets — to be completed within 120 minutes. Total marks available are 100, with one mark assigned per question.
3. Is there negative marking in the NISM Series XV exam?
Yes, 25% of the marks assigned to a question is deducted for each wrong answer. This makes accuracy an important part of exam strategy, since careless guessing can reduce your overall score.
4. What is the passing score for the NISM Series XV exam?
Candidates need to score at least 60% to pass the NISM Series XV Research Analyst Certification Exam. Given the negative marking structure, consistent accuracy across both factual and case-based questions is important to reach this threshold.
5. Who should attempt the NISM Series XV certification?
This certification is relevant for registered research analysts, partners or employees of research analyst firms, analysts in broking houses, and aspiring equity research professionals. It is a regulatory requirement for individuals formally involved in preparing or distributing research reports.
6. Does this mock test give me the actual NISM certification?
No. This mock test is an independent preparation and practice tool created by NIFM — it does not conduct the NISM exam and does not issue any certificate on NISM's or SEBI's behalf. The official NISM Series XV certificate is issued exclusively by NISM, directly, after a candidate registers for and passes the actual certification exam through NISM.
7. How many questions are included in this mock test?
This mock test includes an online question bank of approximately 500 questions, covering all key syllabus areas for the NISM Series XV exam. This gives candidates substantial practice beyond what a single exam attempt would expose them to.
8. What topics does the mock test cover?
The mock test covers securities markets fundamentals, research methodology, economic and industry analysis, company analysis, financial statement analysis, valuation techniques, risk and return, and SEBI's legal and regulatory framework for research analysts. These match the core syllabus areas of the actual NISM Series XV exam.
What you will get?
Book: NO
Mock test: Yes (online mock test with approx 500 question answers)
Certification: For preparation for NISM exam
SEBI Assesment Structure:
Duration: 120 minutes
No. of questions: 100
Total Marks: 100
Marks per question: 1
Passing score: 60%
Negative Marking: Yes (25%)
Certificate validity: 3 years
About Course
Course Requirements
Computer, Laptop, ipad, tab or mobile phone required with broadband or 4G internet.
Who is this Course for?
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Students
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Analysts
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Researchers
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Bankers
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Investors
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Traders
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Graduates
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Professionals
Course Outline
Chapter 1 : Mock Test Research Analyst NISM Series XV Certification Exam
Rs.399* Rs.1000
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Mock Test for Practice
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