NISM-Series-X-B: Investment Adviser (Level 2) Mock Test

The NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination is an important exam for all associated persons registered as an investment adviser and representatives of investment advisers under SEBI (Investment Advisers) RegulationsThe examination seeks to create a common minimum knowledge benchmark for an individual investment adviser or principal officer of a non-individual investment adviser, under SEBI (Investment Advisers) Regulations, 2013 and persons associated with investment advice.

NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination is the level 1 examination and NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination is the level 2 examination.

An individual investment adviser or principal officer of a non-individual investment adviser, registered under SEBI (Investment Advisers) Regulations, 2013 and persons associated with investment advice are required to pass both the levels (i.e. NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination and NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination to fulfill the requirements under SEBI (Investment Advisers) Regulations, 2013.

The certification aims to enhance the quality of investment advisory and related services in the financial services industry.

Examination Objectives

On successful completion of the Investment Adviser certification examination, the candidate should:

• Know the aspects of insurance planning, insurance products and risk management.
• Understand the various retirement products and their features along with the role of Investment Advisers in retirement planning.
• Understand the importance of estate planning and the role of estate planning tools.
• Know the taxation aspects of different financial securities.
• Know the role of behavioural finance and risk profiling in providing comprehensive financial advice by the Investment Adviser.

Assessment Structure

The Investment Adviser (level 2) certification examination consists of 6 caselets with 5 multiple-choice questions of 2 marks each per caselet and 90 multiple-choice questions of 1 mark each adding up to 150 marks. The examination should be completed in 3 hours. There is a negative marking of 25% of the marks assigned to a question. The passing score for the examination is 60%.

Test Details

Test Details

Name of Module: NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination

90 multiple-choice questions of 1 mark each and 6 caselets with 5 sub-questions of 2 marks each (Total 120 questions adding up to 150 marks).

*: Negative marking – 25% of the marks assigned to the question
+ Payment gateway charges extra.
# Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax Permanent Account Number (PAN) in their registration details