Chapter 10: NISM-XV Exam Prep
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Day 50: NISM-XV Mock Exam — Practice Round 1
100 questions, 2 hours, 60% to pass — let's see where you stand
3 min read
📖 Exam Day Strategy
Victor has his NISM exam in 2 weeks. His strategy: do 20 mock questions every morning. Review wrong answers carefully — not to memorise the answer, but to understand WHY he was wrong.
By exam day he's done 280 practice questions. He walks in calm. He walks out with 74%.
Practice → Review → Understand. That's the only method that works. ✏️
Victor has his NISM exam in 2 weeks. His strategy: do 20 mock questions every morning. Review wrong answers carefully — not to memorise the answer, but to understand WHY he was wrong.
By exam day he's done 280 practice questions. He walks in calm. He walks out with 74%.
Practice → Review → Understand. That's the only method that works. ✏️
🎯 Practice Set — Securities Market
Q1. In an IPO, "OFS" stands for:
A) Open Fund Structure
B) Online Financial Settlement
C) Offer For Sale — existing shareholders selling their shares
D) Oversubscribed Fund Status
Q2. Which Act established the demat account system in India?
A) SEBI Act 1992
B) SCRA 1956
C) Depositories Act 1996
D) Companies Act 2013
Q3. Insider Trading is defined as trading based on:
A) Information from inside a company's cafeteria
B) Unpublished Price Sensitive Information (UPSI) — illegal!
C) A trading window exclusive to company promoters
D) Mutual fund internal portfolio decisions
Q4. A stock with Beta = 1.5 means:
A) It outperforms the market by 50% always
B) It's 50% more volatile than the market — Nifty +10% = Stock +15%
C) It guarantees 1.5% monthly returns
D) It doubles in price every 1.5 years
Q5. Which exam is mandatory for SEBI Research Analyst registration?
A) NISM Series V-A
B) CFA Level 1
C) NISM Series XV (Research Analyst)
D) NCFM Derivatives Module
Q6. P/E Ratio = 25 means:
A) The stock is 25% overvalued
B) The market is paying 25 times the company's annual earnings
C) The company is 25 years old
D) The dividend yield is 25%
Q7. Free Cash Flow is calculated as:
A) Revenue minus all expenses
B) Operating Cash Flow minus Capital Expenditure
C) Net Profit plus Depreciation
D) Dividend declared per share annually
📊 Key Facts Sheet — Paste on Your Wall!
✅ SEBI Act 1992 = SEBI's statutory powers
✅ Depositories Act 1996 = demat system, NSDL and CDSL
✅ SCRA 1956 = regulates stock exchanges
✅ RSI 70+ = overbought | RSI 30- = oversold
✅ Beta > 1 = more volatile than market
✅ OFS = money goes to sellers, NOT the company
✅ NISM-XV passing score = 60% (60/100)
✅ Max TER equity fund = 2.5%
✅ AMFI issues ARN to MF distributors
✅ UPSI trading = Insider Trading = illegal
✅ SEBI Act 1992 = SEBI's statutory powers
✅ Depositories Act 1996 = demat system, NSDL and CDSL
✅ SCRA 1956 = regulates stock exchanges
✅ RSI 70+ = overbought | RSI 30- = oversold
✅ Beta > 1 = more volatile than market
✅ OFS = money goes to sellers, NOT the company
✅ NISM-XV passing score = 60% (60/100)
✅ Max TER equity fund = 2.5%
✅ AMFI issues ARN to MF distributors
✅ UPSI trading = Insider Trading = illegal
🎯 Takeaway:
Practice 20 questions daily minimum. Review wrong answers methodically. Visit nism.ac.in for the official workbook. Scoring 70%+ consistently on mocks → you're ready for the real exam. Tomorrow: Advanced practice!
Practice 20 questions daily minimum. Review wrong answers methodically. Visit nism.ac.in for the official workbook. Scoring 70%+ consistently on mocks → you're ready for the real exam. Tomorrow: Advanced practice!