NISM certification mock tests

    Practice tests built to simulate the actual NISM examination — same interface, same time limit, same question style. Try any of them free before you buy.

    Series V-A
    Popular

    Mutual Fund Distributors

    For ARN holders and distributors. Covers fund structures, NAV, taxation and the regulatory framework.

    Exam details, syllabus and FAQs
    Series VIII
    Popular

    Equity Derivatives

    Futures, options, the Greeks, trading strategies and margining — with the calculation-heavy questions you'll actually face.

    Exam details, syllabus and FAQs
    Series XV
    Popular

    Research Analyst

    Valuation, financial statement analysis and the research report framework required under SEBI RA regulations.

    Exam details, syllabus and FAQs
    Series XVI

    Commodity Derivatives

    Commodity markets, contract specifications, hedging strategies and settlement mechanics.

    Exam details, syllabus and FAQs
    IC 38

    Insurance Agents

    The pre-recruitment examination for insurance agents — products, regulation, sales practice and policyholder servicing.

    Exam details, syllabus and FAQs

    Why practise with our mock tests?

    Real exam pattern

    Questions written to match the actual NISM format, difficulty and chapter weightage.

    Timed practice

    Full-length tests under real time pressure, so exam-day pacing is already second nature.

    Results you can act on

    Correct, incorrect and unattempted for every paper, with an explanation for each question you missed.

    Pass your NISM certification on the first attempt

    Why NISM certification matters for a finance career

    SEBI mandates NISM certification for professionals handling mutual funds, securities, derivatives and investment advisory services. If you want to work as a distributor, adviser, research analyst or dealer, the certificate is not optional — it is the licence to practise.

    The exams are passable, but not casual. Most carry 25% negative marking and a 60% pass mark, which means guessing is expensive and partial preparation usually is not enough. Candidates who fail rarely lack knowledge — they run out of time, or meet a question format they had not practised.

    That is the gap mock tests close. You can read our full comparison of every NISM exam to check the fee, duration and pass mark for your certification.

    What you get with NISMguru

    • Questions mapped to the latest NISM workbooks
    • A free demo test before you pay anything
    • Written explanation for every question
    • Topic-wise and full-length mock tests
    • Instant results and performance analytics
    • 8,500+ explained questions across all series
    • Unlimited attempts during your validity period
    • Plans starting at ₹599

    Our advice: sit at least five full-length mock tests before your exam date, and keep going until you are scoring comfortably above the pass mark with time left on the clock.