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NISM Series XV: Research Analyst Certification Mock Test

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NISM XV: Research Analyst Mock Test and NISM Series XV Question Bank details

The NISM Series XV: Research Analyst Certification Exam, mandated by SEBI, is a pivotal assessment for professionals registered under SEBI (Research Analyst) Regulations, 2014. It comprises 100 one-mark multiple-choice questions, to be completed in 2 hours. The passing score is 60 marks (60%), with a 25% negative marking for incorrect answers.


Our expert Content Management team at NISMExams.in has meticulously crafted a Research Analyst Mock Test, featuring 600 very important questions, ensuring your comprehensive preparation and success in the exam.

Examination Objectives

Upon successful completion of the examination, candidates should demonstrate the following competencies:

  • Acquire a foundational understanding of the Indian securities markets, including familiarity with key terminologies used in both equity and debt markets.
  • Comprehend and apply the top-down and bottom-up approaches to fundamental research, gaining insights into effective analytical methodologies.
  • Demonstrate a grasp of basic principles for micro and macro-economic analysis, including knowledge of various information sources and an awareness of the macroeconomic variables influencing analysis.
  • Understand key industry drivers and be able to identify and utilize diverse sources of information for effective industry analysis.
  • Exhibit proficiency in both qualitative and quantitative dimensions related to company analysis, encompassing a comprehensive understanding of relevant factors.
  • Possess knowledge of the fundamentals of risk and return, valuation principles, and the underlying philosophy governing various corporate actions.
  • Appreciate the qualities that constitute a well-crafted research report, demonstrating an ability to communicate findings effectively and coherently.
Assessment Structure

The NISM Series XV examination comprises 92 multiple-choice questions, each carrying a weight of 1 mark. Additionally, there are 2 case-based questions, with each case containing 4 questions, also valued at 1 mark each. In total, the assessment is out of 100 marks, reflecting the specified distribution.

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