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NISM Certification Examination

Mock Tests Test Duration No. of Questions Passing Mark (%) Negative Mark (%)
NISM Series I: Currency Derivatives Mock Test 2 Hrs 100 60% 25%
NISM Series III-A: Securities Intermediaries Compliance (Non-Fund) Mock Test 2 Hrs 100 60% 25%
NISM Series V-A: Mutual Fund Distributors Mock Test 2 Hrs 100 50% NIL
NISM Series VI: Depository Operations Certification Mock Test 2 Hrs 100 60% 25%
NISM Series VIII: Equity Derivatives Mock Test 2 Hrs 100 60% 25%
NISM Series IX: Merchant Banking Certification Mock Test 2 Hrs 100 60% 25%
NISM-Series X-A: Investment Adviser (Level 1) Mock Test 3 Hrs 135 60% 25%
NISM-Series X-B: Investment Adviser (Level 2) Mock Test 3 Hrs 135 60% 25%
NISM Series XII: Securities Market Foundation Mock Test 2 Hrs 100 60% NIL
NISM Series XV: Research Analyst Certification Mock Test 2 Hrs 100 60% 25%
NISM Series XVI: Commodity Derivatives Certification Mock Test 2 Hrs 100 60% 25%
NISM Series XXI-B: Portfolio Managers Certification Mock Test 3 Hrs 120 60% 25%
NISM Series XX: Taxation In Securities Markets Certification Mock Test 2 Hrs 100 60% 25%