Exam ki taiyari

Series XV: Research Analyst exam kis cheez ki jaanch karta hai.

Series XV yaani Research Analyst certification kis baare mein hai, uske units kaise jude hain, aur is site ki practice uska hissa kaise banti hai.

Sawaal aur jawaab English mein hain, kyunki NISM ka exam paper bhi English mein hota hai.

Practice questionSeries XV · 1. Introduction to Research Analyst Profession5 mein se sawaal 1

During a management meeting, executives repeatedly emphasise an aggressive growth target but provide little evidence about capacity, demand or funding. What should a research analyst do?

Accept the target as stated, because management always knows the business bestTest the guidance against industry data, past delivery and funding capacityDiscard all management guidance automatically as unreliable sales talkRaise the target even further to avoid appearing too conservative

Series XV

Research Analyst

50 sawaalPass mark 60%Negative marking 25% / galat jawab

Mock 1 Mock 2 Mock 3

Sawaal100har sawaal 1 mark ka

Samay120 min2 ghante

Pass mark60%100 mein se 60 marks

Negative marking25%har galat answer par 0.25 marks katte hain

NISM Series XV Research Analyst

Exam ke niyam NISM ki site par 3 October 2026 ko padhe gaye. Exam pattern 20 January 2026 ko badla gaya. NISM ki site par aaj ke niyam dekho (naye tab mein khulta hai)

Series XV un logon ke liye hai jo securities par research karke likhte hain. Syllabus is kaam aur bazaar ki buniyaad se shuru hota hai. Phir macro, industry aur company aate hain, aur uske baad valuation, risk, achhi report aur regulations. Official workbook ke saath syllabus units padhein aur unki practice karein.

Syllabus buniyaad se shuru hokar macro, industry aur company tak kram se chalta hai.
LearnNifty ke likhe practice sawaalon se syllabus units ki samajh jaanchein.
Weightage aur niyam ke liye current official workbook hi authority hai.
Case wale sawaal ek hi passage par tike hote hain, isliye passage dhyan se padho.

Series XV certification kis kaam ke liye hai

YEH EXAM

Research karna, aur usse likhna

Research Analyst wala kaam 2 hisson mein banta hai: pehle jaankari ikattha karke uska matlab nikalna, phir usse is tarah likhna ki padhne wala samajh sake ki nateeja kis maanyata par tika hai. Exam dono hisson ko chhuta hai, sirf pehle ko nahi.

Isi wajah se syllabus mein sirf numbers nahi hain. Governance, disclosure aur regulations ke units utne hi ginne jaate hain jitne financial statements wale — kyunki likhi hui raay ka bhaar unhi niyamon se tay hota hai.

Yeh kaun deta hai

Research reports banane ya publish karne wale log: research analysts aur unke principals.

Yeh is site par kyun hai

India mein analysis publish karne ka certification, SEBI ke Research Analyst regulations ke saath. Yeh paper observation aur recommendation ke beech ki line kheenchta hai. Yeh site bhi usi line par bani hai.

Exam format ek nazar mein

Sawaal100har sawaal 1 mark ka

Kul marks100100 × 1

Samay120 min2 ghante

Pass mark60%100 mein se 60 marks

Negative marking25%har galat answer par 0.25 marks katte hain

Certificate validity3 saalexam ki date se

20 January 2026 ko badle pattern ke hisaab se: 80 alag multiple-choice sawaal, aur 5 case-study sets jinme har set mein 4 sawaal hain. Kul 100 marks, 120 minute mein. Pass ke liye 60% chahiye, aur galat answer par 25% negative marking hai.

Exam ki fees yahan jaan-boojh kar nahi likhi. NISM har certification ki fees khud publish karta hai aur badalta rehta hai. Aaj ki fees nism.ac.in par dekho.

Marking kaise hoti hai — aur yahan ka quiz use kaise lagata hai

Har sawaal 1 mark ka hai. Paper 100 marks ka hai, aur pass ke liye 60 marks chahiye. Galat answer par us sawaal ke 25% marks katte hain — yahan 0.25 marks. Khaali sawaal par na kuch milta hai, na katta hai. Isliye galat answer aur khaali sawaal ek jaise nahi hain.

Yahan ka practice quiz inhi figures se marks deta hai. Timed practice yahi pass mark aur yahi katauti lagati hai. Clock bhi isi paper ki raftaar se chalta hai (100 sawaal ke liye 120 minute).

Series XV ki padhai kis kram mein karein

Yeh paper valuation ka dikhta hai, par asal mein saboot ka paper hai. Iske lagbhag har ratio ka hisaab candidate pehle se kar leta hai. Exam yeh jaanchta hai ki ratio kya saabit karta hai aur kya nahi. Ratio tabhi kuch batata hai jab uska numerator, denominator aur uski avadhi, sab samajh mein hon.

Yeh kram LearnNifty ka hai. NISM curriculum aur test objectives publish karta hai, padhne ka kram nahi. Is kram ko official material ke saath use karein.

KRAM

Units ek doosre par khade hain

Shuruaat Research Analyst ke kaam, securities market, equity aur debt ke shabdon aur research ke tareekon se hoti hai. Phir poori economy, industry, ek company ka business aur governance, aur uske financial statements aate hain. Uske baad corporate actions, valuation, commodities, risk aur return, aur achhi report ki pehchan aati hai. Phir regulations aur technical analysis, aur aakhir mein ek case study.

Yeh kram sanyog nahi hai. Company ke numbers padhne se pehle yeh jaanna zaroori hai ki woh kis industry mein hai, aur industry padhne se pehle yeh ki poora mahaul kaisa chal raha hai. Ulta padhne par har unit alag-alag topic lagta hai.

Ratio se pehle business padhoYeh bata sako ki company revenue kaise kamati hai, uske kharche kis se badhte hain, uski capital kahan atki hai, aur uska cash aana kis cheez se ruk sakta hai. Aage ka har stage inme se kisi par number lagane ki koshish hai. Jis business ko aap samjha nahi sakte, us par laga number analysis nahi hai.
Dekho ki financial statements kaunse sawaalon ka jawab dete hainRevenue growth, profit growth aur operating cash flow alag sawaal hain. Woh ek saath alag disha mein ja sakte hain. Company accounting profit dikha sakti hai jab uska cash receivables ya inventory mein atka ho. Aisa farak dikhe toh use jaanch ka sawaal maano. Use na ilzaam samjho, na nazarandaaz karo. Case isi aadat ko jaanchta hai.
Uske baad hi value lagaoAkela multiple kuch nahi kehta. Har baar batao ki use sasta kehne ke liye kya sach hona chahiye: milti-julti accounting avadhi, business ki quality par raay, kamai ki ummeed, financial risks, aur ek benchmark jiska aap kaaran de sako. Jo candidate yeh list bata sakta hai, woh anjaani company par bhi valuation ka sawaal hal kar leta hai.
Phir publish karne ki zimmedariyanResearch ke conduct aur disclosure ke niyam bhi exam mein aate hain. Yeh analysis ka koi appendix nahi hain. Inki ek line yaad rakhne layak hai. Report mein saaf hona chahiye ki data kahan khatam hota hai aur analyst ki maanyata kahan shuru hoti hai. Certificate is baat ka saboot nahi ki inme se koi hissa sahi nikla.

Case sets practice ka tareeka badalte hain, sirf padhai nahi

Is exam ka pattern upar format section mein poora likha hai. Taiyari ke liye uska hisaab nahi, uski banawat zaroori hai. Paper ke kuch hisse mein ek hi passage par kai sawaal tike hote hain. Isse galat padhne ki keemat badal jaati hai. Alag sawaal mein galat padhna sirf us sawaal ko khota hai. Case mein poora set usi passage ko sahi padhne par tika hai.

Iska matlab yeh bhi hai ki naye pattern se pehle bana question bank poora lag sakta hai, par paper ka sirf ek hissa practise karata hai. Humare sawaal published syllabus par likhe hain, case format par nahi. Isliye alag sawaalon wale hisse ke liye yahan ke sawaal use karo, aur case wala hissa official material par practise karo.

Tareeka bor hai, par kaam karta hai. Passage ko pehle business ke liye padho, phir numbers ke liye. Har figure kis avadhi ka hai, yeh likh lo. Uske baad hi sawaal dekho.

Ek passage se kis tarah ki cheezein poochhi jaati hain, taaki aap har ek alag se practise kar sako. Yeh humare labels hain, NISM ke nahi.

Case passage se kis tarah ki soch jaanchi jaati hai
Kya poochha ja raha hai	Uska roop
Likha hua fact nikaalna	Yeh figures kis avadhi ke hain, aur inme se kaunse diye gaye hain aur kaunse nikaale gaye?
Di gayi maanyataon par hisaab lagana	Passage jitna figure saath deta hai, utna nikaalo. Uski maanyataon se aage mat jao.
Ek seema ko samajhna	Jo multiple aapne abhi nikaala, kya woh saabit karta hai ki share sasta hai? Batao kyun nahi.
Gayab saboot pehchanna	Profit aur cash ke farak ko samjhaane ke liye aapko kya dekhna hoga?

Is paper ki marking se answer dene ka tareeka kaise badle

Yahan galat answer 0.25 marks ka padta hai aur khaali sawaal kuch nahi khota. Isliye bina aadhaar wala answer muft nahi hai. Yeh 2 baatein alag karna seekho: "maine 2 options tak chhaant liya" aur "main koi bhi option chun raha hoon". Chhaant liya ho, toh answer dena theek hai. Katauti andhe guess ke liye hi bani hai. Har answer check karne se pehle likh lo ki woh kaunsa tha. Warna har lucky guess aapko gyaan lagega.

Galti ko review karna answer dene se alag skill hai. Isi se agla paper behtar banta hai. Is paper ka practice set har galat option samjhata hai. Uski result screen galtiyon ko unki kism ke hisaab se chhaant-ti hai.

Syllabus units, aur har unit kitne marks ki

16 practice topics, usi kram mein jis mein humare sawaal likhe gaye. Har row us topic ke poore sawaalon aur answers par le jaati hai. Har answer batata hai ki baaki options galat kyun hain. Yahan marks column nahi hai. Is exam ka per-unit weightage nahi mila, isliye nahi dikhaya.

NISM Series XV ke syllabus units, practice questions ki ginti ke saath
Unit	Practice questions
Introduction to Research Analyst Profession	2
Introduction to Securities Market	3
Terminology in Equity and Debt Markets	3
Fundamentals of Research	7
Economic Analysis	7
Industry Analysis	12
Company Analysis – Business and Governance	9
Company Analysis – Financial Analysis	16
Corporate Actions	7
Valuation Principles	13
Fundamental analysis of commodities	9
Fundamentals of Risk and Return	10
Qualities of a Good Research Report	7
Legal and Regulatory Environment	15
Technical Analysis	22
Case Study - Valuation	8

Saare units ki samajh, Hinglish mein

Saare units ka matlab, aam galtiyan aur padhne ka tareeka neeche hai. Unit ke naam par click karo, woh khul jaayega.

Poore Research Analyst syllabus ka practice bank ek alag page par khulta hai. Score wahan sirf ek aaina hai — woh yeh batata hai ki kaunsa unit dobara padhna hai, na ki yeh ki exam mein kya hoga.

Saare units ek saath, ya kisi ek unit ka apna practice page.
Har jawab ke saath uski wajah, sirf sahi option nahi.
Score readiness ka paimana nahi, sirf agla padhne wala unit batata hai.

Series XV practice: saare units, ek hi jagah.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Series XV ke saare units ke practice questions ek jagah kholta hai.
Har sawaal ka jawab uski wajah ke saath dikhata hai, sirf sahi option nahi.
Unit ke hisaab se chhaant kar padhne ka rasta deta hai, taaki kamzor hissa alag dikhe.

Kya nahi milega

Yeh official workbook ki jagah nahi le sakta.

Poori series ke sawaal kholo

GALAT JAWAB

Galti ke baad ek line likhiye

Sahi jawab padh lena sirf kaam ka ek hissa hai. Baaki hissa yeh likhna hai ki apna chuna hua option kyun chuna gaya tha — concept adhoora tha, ginti mein chook hui, ya sawaal ki wording ulti samajh aayi.

Wahi ek line sabse zyada kaam ki hai, kyunki agle din wahi batati hai ki kis unit par lautna hai. Bina uske dobara wahi galti nayi lagti hai.

SAMAY

Kuch jawab samay ke saath badalte hain

Regulations, disclosure ki shartein aur limits waqt ke saath badalti rehti hain. Jahan sawaal aaj ka niyam poochh raha ho, wahan uske saath di gayi date aur source dekhna zaroori hai.

Agar source purana lage toh us jawab ko bina jaanche mat maaniye — current official workbook aur regulator ki apni site hi aakhri baat hai.

Pehle unit se shuru karo
Syllabus Research Analyst ke kaam ki pehchan se shuru hota hai. Pehle yeh samajhna hai ki yeh kaam kya hai, aur kya nahi.

Introduction to Research Analyst Profession

Research Analyst ka pesha: saboot se raay tak, vaade ke bina.

Yeh unit research analyst ke pesha ki pehchan karata hai. Research analyst saboot ko parakh kar raay banata hai, natije ka vaada nahi karta. Unit yeh bhi sikhata hai ki management ki baat ko kaise jaancha jaaye.

Research ka matlab hai jaankari ko parakh kar uska matlab nikaalna.
Return ki guarantee dena research ka kaam nahi hai.
Clients ke trade chalana ek alag kaam hai.
Management ki baat ek input hai, aankh band karke maanne wala sach nahi.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Har jawab ke saath uski wajah dikhata hai, sirf sahi option nahi.
Research ko vaadon aur trade chalane se alag karna sikhata hai.

Kya nahi milega

Yeh official workbook ki jagah nahi leta.

Is unit ke sawaal kholo

UNIT MEIN KYA

Research analyst ka asli kaam

Research analyst jaankari ikattha karta hai. Phir use parakhta hai aur uska matlab nikaalta hai. Isse ek soochi-samjhi raay banti hai, jise research ya analysis kehte hain.

3 kaam is pesha ki pehchan nahi hain. Return ki guarantee dena, clients ke saare trade khud chalana, aur poori economy ke liye byaj dar tay karna. Byaj dar tay karna central bank ka kaam hai.

JAANCH

Management ki baat ko kaise parkhein

Management ki guidance, yaani aage ke baare mein uska andaaza, ek input hai. Use na aankh band karke maana jaata hai, na seedhe thukraaya jaata hai. Har daave par saboot maangne ki is aadat ko professional scepticism kehte hain.

Guidance ko industry ke data, company ke pichhle record aur paise ke intezaam se milaya jaata hai. Management se milna tabhi kaam aata hai jab uske saath apni alag jaanch bhi ho.

DHYAN

2 aam galtiyan

Pehli galti research ko sales ke vaadon, trade chalane ya sarkari niti se mila dena hai. Research saboot ko saaf analysis mein badalti hai. Natije ka vaada usme nahi hota.

Doosri galti management ki baat ko ya toh pakka sach maan lena hai, ya bilkul bekaar. Dono galat hain. Andaaza saboot se banna chahiye, is fikr se nahi ki woh kaisa dikhega.

Ab bazaar ka dhaancha
Kaam samajh aa gaya. Ab woh bazaar aata hai jahan securities jaari hoti hain aur unka len-den hota hai.

Introduction to Securities Market

Securities Market: bazaar ke 2 hisse, aur har khiladi ka kaam.

Yeh unit securities market ka dhaancha sikhata hai. Ek hisse mein naye securities jaari hote hain, doosre mein unka len-den hota hai. Saath mein bazaar ki sansthaon ke alag kaam, aur futures aur options ka farak bhi aata hai.

Issuer ka naye securities jaari karna primary market hai.
Exchange par hua har sauda primary market ka nahi hota.
Depository participant investor ko depository ki seva tak pahunchata hai.
Futures mein dono taraf zimmedari hai. Option kharidne wale ke paas sirf haq hai.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Har jawab ke saath uski wajah dikhata hai, sirf sahi option nahi.
Milte-julte naam wali sansthaon ka farak saaf karta hai.

Kya nahi milega

Yeh official workbook ki jagah nahi leta.

Is unit ke sawaal kholo

UNIT MEIN KYA

2 bazaar, aur unki sansthaayein

Primary market mein issuer naye securities investors ko jaari karta hai. Issuer koi company, sarkar ya koi aur yogya sanstha hoti hai. Jaise company initial public offer (IPO) se naye shares jaari karti hai. Jaari ho chuki securities ka investors ke beech len-den secondary market mein hota hai.

Depository securities ko demat roop mein rakhne aur transfer karne ki seva deta hai. Depository participant (DP) ek bichauliya hai, jiske zariye investor us seva tak pahunchta hai. Issuer, RBI aur credit rating agency ke kaam isse alag hain.

FARAK

Futures aur options: zimmedari ya haq

Futures contract mein dono taraf ki zimmedari hoti hai. Option kharidne wala premium, yaani haq ki keemat, deta hai. Badle mein use haq milta hai, zimmedari nahi.

Haq ke istemal ko exercise kehte hain. Exercise hone par zimmedari option bechne wale par aati hai, jise writer kehte hain. Exercise ghaate ka ho, toh kharidne wala use chhod sakta hai, settlement ke niyamon ke andar.

DHYAN

3 jagah jahan galti hoti hai

Pehli: exchange par hone wale har saude ko primary market maan lena. Listed shares ka len-den aur futures position band karna, dono secondary market mein aate hain.

Doosri: depository, depository participant aur issuer ko ek samajhna. Naam milte hain, kaam nahi.

Teesri: futures aur options ko bas ek jaisa contract maan lena. Asli farak zimmedari ka hai.

Ab equity aur debt ke shabd
Bazaar ka dhaancha samajh aa gaya. Agla unit un shabdon par hai jinse shares aur bonds ki baat hoti hai.

Terminology in Equity and Debt Markets

Equity aur Debt ke shabd: coupon, yield aur duration.

Yeh unit equity aur debt bazaar ki bhasha sikhata hai. Neeche bond ke 4 shabd samjhaaye gaye hain: coupon rate, current yield, zero-coupon bond aur duration. Naam milte-julte hain, par har ek ka matlab alag hai.

Coupon rate face value par chalta hai, current yield aaj ke bazaar daam par.
Current yield aur yield to maturity ek cheez nahi hain.
Zero coupon ka matlab zero return nahi hai.
Zyada duration ka matlab aam taur par yield badalne par daam mein zyada badlav.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Har jawab ke saath uska hisaab ya wajah dikhata hai.
Yield ke alag-alag roopon ka farak saaf karta hai.

Kya nahi milega

Yeh official workbook ki jagah nahi leta.

Is unit ke sawaal kholo

UNIT MEIN KYA

Coupon, current yield aur yield to maturity

Bond par milne wala niyamit byaaj coupon kehlaata hai. Coupon rate face value par gina jaata hai, yaani bond par likhi keemat par. Current yield saal ke coupon ko aaj ke bazaar daam se bhaag dekar nikalti hai.

Bond face value se alag daam par bike, toh coupon rate aur current yield alag ho jaate hain. Yield to maturity (YTM) current yield se bhi alag hai. Current yield maturity (jab bond ka paisa wapas milta hai) tak ka nafa ya nuksaan nahi ginti. Woh saare cash flows ka samay bhi nahi dekhti.

SHABD

Zero-coupon bond aur duration

Zero-coupon bond par niyamit coupon nahi milta. Woh maturity value se kam daam par milta hai. Kamai aam taur par kharid ke daam aur maturity par milne wali rakam ke farak se aati hai.

Duration batata hai ki yield badalne par bond ka daam kitna hilta hai. Baaki sab barabar ho, toh zyada duration wale bond ka daam percentage mein zyada hilta hai. Yeh chhote badlav ke liye ek andaaza hai.

DHYAN

Naam se matlab mat padhiye

Pehli: bond face value se alag daam par ho, tab bhi coupon rate ko current yield maan lena.

Doosri: zero coupon ko zero return samajhna. Coupon nahi hai, par kamai hai, kyunki bond kam daam par milta hai.

Teesri: duration ko sirf maturity ya credit risk, yaani paisa na lautne ke khatre, se mila dena. Duration daam ki sensitivity naapta hai, credit risk nahi. Aur aam taur par yield badhe toh bond ka daam girta hai.

Ab research karne ke tareeke
Shabd aa gaye. Agla unit batata hai ki research kahan se shuru hoti hai aur kaunse tareeke kaam aate hain.

Fundamentals of Research

Fundamentals of Research: shuruaat kahan se, aur kaunsi jaankari jaayaz.

Yeh unit research ke tareeke sikhata hai. Top-down research economy se shuru hoti hai, bottom-up company se. Saath mein technical aur quantitative analysis, passive aur active investing, mosaic analysis aur man ki aadatein bhi aati hain.

Top-down ka kram hai economy, phir industry, phir company.
Bottom-up seedhe company ke business se shuru hota hai.
Mosaic analysis jaayaz tukdon ko jodna hai, gupt aur zaroori jaankari ka istemal nahi.
Ek commodity ka daam badhe, toh har company par asar ek jaisa nahi hota.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Har jawab ke saath uski wajah dikhata hai, sirf sahi option nahi.
Research ke alag raaston ka farak saamne rakhta hai.

Kya nahi milega

Yeh official workbook ki jagah nahi leta.

Is unit ke sawaal kholo

UNIT MEIN KYA

Research ke raaste

Fundamental analysis economy aur business ke numbers par tika hota hai. Uska top-down raasta E-I-C kehlaata hai: Economy, phir Industry, phir Company. Bottom-up ulta chalta hai. Woh company ke products, management, financial statements aur muqable se shuru hota hai.

Technical analysis mukhya roop se daam aur volume padhta hai. Quantitative ya econometric analysis ganit aur statistics se data ke rishte dhoondhta hai. Aisa model saboot ko dhaanche mein rakhta hai, par purana rishta aage ki guarantee nahi deta. Woh yeh bhi saabit nahi karta ki ek cheez doosri ki wajah hai.

JAANKARI

Jaayaz jaankari, aur bheed ka asar

Mosaic analysis chhoti-chhoti jaankariyon ko jod kar raay banana hai. Har tukda ya toh public hota hai, ya itna chhota ki daam na hila sake. UPSI (unpublished price-sensitive information) ka istemal isse bilkul alag hai. UPSI aisi jaankari hai jo abhi publish nahi hui aur daam hila sakti hai.

Behavioral finance dekhta hai ki man ki aadatein investment ke faislon par kaise asar daalti hain. Herd mentality mein log apni jaanch chhod kar bheed ke peeche chalte hain. Bheed ka kharidna is baat ka saboot nahi ki keemat sahi hai.

DHYAN

3 aam galtiyan

Pehli: har fundamental analysis ko bottom-up kehna, ya maan lena ki har research economy se shuru hoti hai. Naam is baat se tay hota hai ki shuruaat kahan se hui.

Doosri: kam trading ko passive maan lena. Passive ka matlab hai benchmark, yaani tulnaa wale index, ki nakal. Shares apni marzi se chune ja rahe hon, toh woh active hai, chahe trading kam ho.

Teesri: ek commodity ka asar har company par ek jaisa maan lena. Kachcha tel mehnga ho, toh tel nikaalne wali company ki kamai badh sakti hai. Tel par chalne wali company ka kharch badh sakta hai, agar woh use aage na badha sake.

Ab poori economy ka mahaul
Top-down research economy se shuru hoti hai. Agla unit wahi economy padhna sikhata hai, jispar industry aur company khadi hain.

Economic Analysis

Economic Analysis: poore mahaul se shuruaat.

Yeh unit us zameen ko padhta hai jispar har company khadi hai — growth, mehngai, byaj dar, sarkar ka kharch aur udhaar, currency, aur business cycle ka daur. Sawaal aksar yeh poochhte hain ki ek indicator kis taraf ishara karta hai aur kaunsa indicator pehle badalta hai.

Growth, mehngai aur byaj dar — in 3 ka aapas mein juda hona hi asli topic hai.
Pehle badalne wale aur baad mein badalne wale indicators alag pehchane jaate hain.
Fiscal aur monetary policy 2 alag hathiyar hain, ek naam nahi.
Business cycle ka daur company ke numbers se pehle dikhta hai.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Sirf Economic Analysis unit ke sawaal chhaant kar dikhata hai.
Har jawab ke saath likhta hai ki woh sahi kyun hai.
Us unit ke aam trap dikhata hai, taaki galti dobara na ho.

Kya nahi milega

Yeh official workbook ki jagah nahi leta.

Is unit ke sawaal kholo

UNIT MEIN KYA

Ek arthvyavastha ko padhne ke auzaar

Yeh unit poore desh ke paimane se shuru hota hai: utpadan kitna badh raha hai, daam kis raftaar se chadh rahe hain, byaj dar kahan hai, sarkar kitna kharch kar rahi hai aur kitna udhaar le rahi hai. Inhi se woh mahaul banta hai jisme har company kaam karti hai.

Iske baad aata hai currency aur baahar se aane-jaane wale paise ka hissa, aur phir business cycle — tezi, dheemi padti raftaar, sust daur aur wapas sudhaar. Har daur mein alag tarah ki industries alag tarah se chalti hain, aur unit yahi jodna sikhata hai.

SAWAAL

Sawaal kis taraf se aate hain

Kaunsa indicator badlav se pehle hilta hai aur kaunsa baad mein.
Byaj dar badhne ka asar udhaar par chalne wali industries par kaisa padta hai.
Fiscal kadam aur monetary kadam mein farak kya hai.
Nominal aur real number mein antar kahan se aata hai.

DHYAN

Ek ishaara nateeja nahi hota

Sabse aam chook yeh hai ki ek macro number ko seedhe kisi ek company ke natije se jod diya jaaye. Exam mein bhi wahi jaancha jaata hai: sambandh ki disha poochhi jaati hai, guarantee nahi.

Doosri chook units ki hai — badhne ki raftaar aur uski raftaar ka badalna 2 alag baatein hain, aur sawaal aksar theek isi jagah par mod deta hai.

Mahaul ke baad industry
Economy se seedhe company par kood jaana rasta chhota nahi karta. Beech mein industry hai — usi se pata chalta hai ki macro ka asar kis par kitna padega.

Industry Analysis

Industry Analysis: muqabla kaisa hai, yeh sabse pehle.

Ek achhi company kharaab industry mein phansi ho sakti hai, aur ausat company achhe dhaanche mein aaram se chal sakti hai. Yeh unit wahi dhaancha padhta hai — kitne khiladi hain, andar aana kitna aasan hai, kharidar aur supplier mein zor kiska hai, aur industry apne jeevan ke kis daur mein hai.

Andar aane ki rukawat hi pricing power ki asli jad hoti hai.
Kharidar aur supplier ka zor company ke margin par seedha dikhta hai.
Industry ka daur — shuruaat, tezi, thehraav ya dhalaan — sawaalon mein aksar aata hai.
Cyclical aur defensive industries ka bartaav ek jaisa nahi hota.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Sirf Industry Analysis unit ke sawaal alag chhaant kar deta hai.
Har jawab ke peeche ki wajah saath mein dikhata hai.
Dhaanche aur daur wale sawaalon ka farak saaf karta hai.

Kya nahi milega

Yeh NISM workbook ka vikalp nahi hai.

Is unit ke sawaal kholo

UNIT MEIN KYA

Dhaancha, daur aur niyam

Pehla hissa dhaanche ka hai: kitne khiladi hain aur kitne bade, naya khiladi kitni aasani se aa sakta hai, kharidar ke paas doosra vikalp hai ya nahi, aur supplier kitna zor laga sakta hai. Inhi se tay hota hai ki daam badhane ki takat kiske paas hai.

Doosra hissa daur ka hai. Nayi industry mein tezi se badhat hoti hai par muqabla bhi ubharta hai. Pakki industry mein badhat dheemi hoti hai par margin thehra hua. Teesra hissa regulation ka hai — kai industries mein niyam hi sabse badi rukawat aur sabse bada khatra dono hote hain.

SAWAAL

Kis tarah ke sawaal aate hain

Diye gaye vivaran se industry ka daur pehchanna.
Kaunsi rukawat naye khiladi ko sach mein rokti hai.
Kharidar ka zor badhne par margin ka kya hota hai.
Cyclical aur defensive ka farak ek udaharan se pehchanna.

DHYAN

Badhat aur munafa ek cheez nahi

Tezi se badhti industry apne aap munafe wali nahi hoti. Agar andar aana aasan hai toh badhat naye khiladiyon mein bant jaati hai, aur yahi sawaalon ka sabse pasandeeda mod hai.

Doosri chook yeh hai ki ek company ki khoobi ko poori industry par chipka diya jaaye. Unit dono ko alag rakhna sikhata hai, aur agla unit theek wahin se shuru hota hai.

Ab ek company ke andar
Industry ka dhaancha samajh gaye toh agla sawaal yeh hai ki is company ka business chalta kaise hai aur use chalane wale kaise faisle lete hain.

Company Analysis – Business and Governance

Company Analysis: business aur governance, numbers se pehle.

Yeh unit company ke business aur governance ko padhne par hai. Paisa aata kahan se hai, kis cheez par tikka hai, aur chalane wale log kaise chune jaate hain aur kis par jawabdeh hain. Board ka dhaancha, promoter ka hissa, related party wale sauday aur disclosure ki quality — sab isi mein aate hain.

Business model ka matlab hai: paisa kahan se aata hai aur kis par tikka hai.
Board ka dhaancha aur swatantra directors ka kirdaar alag se poochha jaata hai.
Related party wale sauday disclosure ke bade sawaalon mein se hain.
Governance ka kamzor hissa numbers se pehle dikh jaata hai.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Sirf is unit ke sawaal chhaant kar saamne rakhta hai.
Har jawab ke saath uski wajah likh kar deta hai.
Business aur governance wale sawaalon ka farak saaf karta hai.

Kya nahi milega

Yeh official workbook ka vikalp nahi hai.

Is unit ke sawaal kholo

UNIT MEIN KYA

Business kaise chalta hai, aur kaun chalata hai

Pehla hissa business ka hai: kaunse products ya services se paisa aata hai, kitne graahakon par nirbharta hai, supply kahan se aati hai, aur kaunsi cheez us company ko uske muqablon se alag rakhti hai. Yahi wajahein baad mein numbers mein dikhti hain.

Doosra hissa governance ka hai: board mein kaun hai aur kitne log swatantra hain, committees kya dekhti hain, promoter ke paas kitna hissa hai aur woh giravi rakha gaya hai ya nahi, auditor ne kya kaha, aur company kitna khul kar batati hai. Yeh sirf formalities nahi hain — inhi se pata chalta hai ki di gayi jaankari par kitna bharosa kiya ja sakta hai.

SAWAAL

Kis tarah ke sawaal aate hain

Diye gaye vivaran se business ka asli sahara pehchanna.
Board ke dhaanche mein kaunsi baat governance kamzor karti hai.
Related party wale sauday par disclosure ki zaroorat kyun hai.
Auditor ki tippani ko kis nazar se padha jaata hai.

DHYAN

Achhi kahani aur achha dhaancha alag hain

Ek dilchasp business model apne aap achhi governance nahi banata, aur mazboot governance kamzor business ko bacha nahi leti. Sawaal aksar dono ko ek saath rakh kar poochhte hain ki kaunsi baat kis khaane mein jaati hai.

Aur yaad rahe, yeh unit yeh nahi sikhata ki kisi company ke baare mein kya nateeja nikala jaaye. Woh jaankari kaise padhi jaaye — bas itna.

Wahi company, ab numbers mein
Business aur governance padh lene ke baad hi financial statements ka matlab khulta hai — warna woh sirf tables reh jaate hain.

Company Analysis – Financial Analysis

Financial Analysis: 3 statements, ek hi kahani.

Yeh unit financial statements padhne par hai. Ek statement kamai dikhata hai, doosra us din ki haalat, teesra asli paisa aaya-gaya kitna. Ratios inhi 3 ko jodte hain, aur asli kaam yeh dekhna hai ki kahani in 3 mein ek jaisi hai ya nahi.

Kamai aur haath mein aaya paisa 2 alag cheezein hain.
Ratio akela kuch nahi kehta — tulnaa aur daur ke bina woh adhoora hai.
Karza aur working capital ka bojh statements mein alag-alag jagah dikhta hai.
Ek hi ghatna in 3 statements par apna nishaan chhodti hai.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Sirf Financial Analysis unit ke sawaal chhaant kar dikhata hai.
Har jawab ke saath uska hisaab ya wajah saaf likhta hai.
Statements ke beech ka jodne wala hissa baar-baar saamne laata hai.

Kya nahi milega

Yeh official workbook ki jagah nahi le sakta.

Is unit ke sawaal kholo

UNIT MEIN KYA

3 statements, aur unke beech ke pul

Pehla statement ek avadhi ki kamai aur kharch dikhata hai. Doosra ek tareekh ki haalat — kya kya hai aur kis par kitna bakaya hai. Teesra us avadhi mein asli paisa kahan se aaya aur kahan gaya. Yeh 3 alag sawaalon ka jawab dete hain, isliye yeh 3 ek saath padhe jaate hain.

Uske baad ratios aate hain: munafe ka anupaat, kitni tezi se cheezein ghoom rahi hain, karza kitna hai, aur kamai kitni asli hai. Ratio khud koi nateeja nahi hai — woh sirf 2 numbers ka rishta hai, aur uska matlab tabhi khulta hai jab use pichhle daur ya usi industry ke doosre saath rakha jaaye.

SAWAAL

Kis tarah ke sawaal aate hain

Di gayi ghatna ka asar kis statement par kahan padta hai.
Diye gaye numbers se ek ratio nikalna aur use padhna.
Kamai badhi par nakad kyun nahi badha — is farak ki wajah.
Working capital badhne par asli paisa kis taraf jaata hai.

DHYAN

Ratio ke saath uska daur bhi poochhiye

Ek ratio ko akela padhna sabse aam galti hai. Wahi number ek industry mein aam ho sakta hai aur doosri mein chaunkane wala, aur ek saal ka number bina pichhle saalon ke bemani rehta hai.

Doosri chook units ki hai. Kai sawaal mahine aur saal, ya kul aur ek avadhi ke numbers ko jaanbujh kar mila dete hain — hisaab shuru karne se pehle yahi jaanchna hota hai.

CAGR ka matlab Kai saal ke badlav ko ek saalana rate mein badalna, aur woh kya chhupa deta hai.

Jab company khud kuch badal deti hai
Statements padhne ke baad agla sawaal yeh hai ki dividend, bonus ya split jaisi ghatnaayein us tasveer ko kaise badalti hain.

Corporate Actions

Corporate Actions: company kuch badalti hai, tasveer hil jaati hai.

Dividend, bonus, split, rights issue, buyback aur vilay — yeh sab corporate actions hain. Har ek shareholder ke paas kya hai use badal deti hai, aur kai baar daam ki purani series ko sudharna padta hai warna tulnaa jhoothi ho jaati hai. Dates isme sabse zyada poochhi jaati hain.

Bonus aur split se hissa nahi badalta, sirf tukdon ki ginti badalti hai.
Record date aur uske aas-paas ki dates se tay hota hai kise kya milta hai.
Purani price series ko sudhaare bina tulnaa galat nikalti hai.
Rights issue aur buyback ka asar ek jaisa nahi hota.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Sirf Corporate Actions unit ke sawaal alag karke dikhata hai.
Har jawab ke saath uski wajah aur zaroori date wala hissa likhta hai.
Alag-alag actions ka asar aapas mein kaise alag hai, yeh saaf karta hai.

Kya nahi milega

Yeh official workbook ki jagah nahi leta.

Is unit ke sawaal kholo

UNIT MEIN KYA

Ek hi ghatna, 2 sawaal

Har corporate action par 2 cheezein poochhi jaati hain. Pehli: mechanics kya hai — dividend nakad mein jaata hai, bonus se naye shares milte hain, split se ek share tukdon mein bant jaata hai, rights mein maujuda shareholder ko pehle mauka milta hai, aur buyback mein company khud apne shares wapas leti hai.

Doosri: dates kya kehti hain. Kis tareekh tak naam register mein hona chahiye, aur us tareekh ke aas-paas daam ka bartaav kaise badal jaata hai. Yeh mechanical hissa hai aur isi par sabse zyada sawaal bante hain, kyunki iska ek hi sahi jawab hota hai.

SAWAAL

Kis tarah ke sawaal aate hain

Bonus ya split ke baad shares ki ginti aur hisse ka kya hota hai.
Kaunsi tareekh tay karti hai ki kisko action ka faayda milega.
Purani price series ko kis tarah sudhaara jaata hai.
Rights issue aur buyback ka asar aapas mein kaise alag hai.

DHYAN

Bina sudhaar ke chart jhoot bolta hai

Split ya bonus ke baad agar purana daam waise ka waisa pada rahe, toh chart par ek badi girawat dikhti hai jo hui hi nahi. Yeh galti sirf padhne mein nahi, ginti mein bhi ghusti hai — aur exam use pakadna jaanta hai.

Doosri chook yeh hai ki dividend milne ko apne aap faayda maan liya jaaye. Sawaal aksar yeh dekhte hain ki kul milakar shareholder ke paas kya badla, sirf ek hissa nahi.

Bonus, split aur dividend In 3 ka farak, aur unke baad purane daam ko kyun sudhaarna padta hai.

Ab keemat lagane ke usool
Numbers aur unme hone wale badlav padh lene ke baad valuation ka sawaal aata hai — aur wahin sabse zyada maanyataayein chhupi hoti hain.

Valuation Principles

Valuation Principles: jawab maanyaton se banta hai.

Yeh unit keemat lagane ke tareeke padhta hai: aage aane wale cash ko aaj ke mol par laana, doosri companies ke multiples se tulnaa karna, aur assets ke aadhar par ginti karna. Har tareeka kuch maanyataon par khada hota hai, aur unit ka asli sabak yahi hai ki maanyata badalte hi jawab badal jaata hai.

Aage ka cash aaj ke mol par laane ke liye ek dar chunni padti hai.
Multiples se tulnaa tabhi chalti hai jab dono cheezein sach mein milti-julti hon.
Aakhir ka anumaan poore jawab ka bada hissa kha jaata hai.
Valuation ek nateeja nahi, maanyaton ka jod hai.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Sirf Valuation Principles unit ke sawaal chhaant kar dikhata hai.
Har jawab ke saath uska tareeka aur maanyata likh kar deta hai.
Alag tareeke kab kaam aate hain, yeh farak saamne rakhta hai.

Kya nahi milega

Yeh official workbook ka vikalp nahi hai.

Is unit ke sawaal kholo

UNIT MEIN KYA

3 raaste, 3 tarah ki maanyataayein

Pehla raasta yeh hai ki aage aane wale cash ka anumaan lagaya jaaye aur use ek dar se aaj ke mol par laaya jaaye. 2 cheezein yahan sab kuch tay karti hain: cash ka anumaan, aur woh dar. Dono thodi si hilein toh jawab bahut hil jaata hai.

Doosra raasta tulnaa ka hai — kisi number ke saath daam ka anupaat nikaal kar use milti-julti companies ke saath rakhna. Teesra assets aur bakaya ke aadhar par ginti ka hai, jo kuch tarah ke business par hi theek baithta hai. Unit yeh bhi sikhata hai ki kaunsa raasta kis haalat mein sahi baithta hai.

SAWAAL

Kis tarah ke sawaal aate hain

Dar badhne par aaj ke mol par kya asar padta hai.
Aakhir ka anumaan kul jawab ka kitna bada hissa banata hai.
2 companies ka multiple seedhe milaya ja sakta hai ya nahi.
Kaunsa tareeka kis tarah ke business par theek baithta hai.

DHYAN

Sateek dikhta number bharosemand nahi hota

Valuation ka jawab dashmalav tak likha ja sakta hai, lekin uske peeche anumaan hote hain. Exam yahi jaanchta hai ki reader jaanta hai ki number kis cheez par tikka tha, na ki yeh ki woh number kya tha.

Isliye sensitivity ka hissa aata hai: ek maanyata thodi badal kar dekhna ki jawab kitna hila. Aur is site par koi valuation ka nateeja publish nahi hota — yahan sirf tareeka padha jaata hai.

Shares se hat kar commodities
Commodities mein kamai aur board nahi hote — wahan maang, supply aur bhandaar padhe jaate hain. Tareeka poori tarah alag hai.

Fundamental analysis of commodities

Commodities: yahan balance sheet nahi, bhandaar padha jaata hai.

Commodity ka koi board nahi hota aur na hi kamai ka statement. Uski jagah maang aur supply, bhandaar mein kitna pada hai, mausam aur fasal ka chakra, dhulai aur rakhne ka kharch, sarkar ki niti, aur duniya ke daam aur currency aate hain. Yeh unit wahi alag tareeka sikhata hai.

Bhandaar mein pada maal maang aur supply ke beech ka takiya hai.
Mausam aur fasal ka chakra kai commodities mein sabse bada kaaran hai.
Rakhne aur dhoone ka kharch daam ke dhaanche mein ginta hai.
Duniya ke daam aur currency milkar yahan ke daam par asar daalte hain.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Sirf commodities wale unit ke sawaal chhaant kar dikhata hai.
Har jawab ke saath uski wajah aur us par asar daalne wale kaaran likhta hai.
Shares aur commodities ka tareeka kahan alag hota hai, yeh saaf karta hai.

Kya nahi milega

Yeh official workbook ki jagah nahi leta.

Is unit ke sawaal kholo

UNIT MEIN KYA

Maang, supply aur beech mein pada bhandaar

Har commodity ka daam 2 taraf ke dabaav se banta hai: kitna banaya ya ugaya ja raha hai, aur kitna khapat mein ja raha hai. In dono ke beech bhandaar khada hota hai — jab supply zyada ho toh woh bharta hai, aur jab kami ho toh usi se kaam chalta hai. Isiliye bhandaar ke aankde is unit mein baar-baar aate hain.

Iske aage mausam aur fasal ka chakra hai, jo kuch commodities mein saal ka sabse bada kaaran ban jaata hai. Phir rakhne, beema aur dhulai ka kharch, jo aaj ke daam aur aage ki tareekh ke daam ke antar mein dikhta hai. Aur aakhir mein sarkar ki niti aur duniya ke daam, jo currency ke zariye yahan tak pahunchte hain.

SAWAAL

Kis tarah ke sawaal aate hain

Bhandaar ghatne par daam ke dabaav ki disha kya hoti hai.
Mausam ka asar kis tarah ki commodity par sabse zyada hota hai.
Rakhne ka kharch aage ki tareekh ke daam mein kaise dikhta hai.
Currency hilne par aayat wali commodity par kya asar padta hai.

DHYAN

Shares wala saancha yahan fit nahi hota

Sabse aam chook yeh hai ki company padhne ka saancha commodity par chipka diya jaaye. Yahan na munafe ka anupaat hai, na management ki quality — kaaran poori tarah alag hain.

Doosri chook samay ki hai. Fasal aur mausam wale kaaran har saal apne mahine par lautte hain, isliye 2 alag mausamon ke aankde seedhe milaana galat nateeja deta hai.

Ab risk aur return ka hisaab
Chahe share ho ya commodity, natije ko naapne ka paimana ek hi jagah se aata hai — return kaise ginta hai aur uska bikharaav kaise naapa jaata hai.

Fundamentals of Risk and Return

Risk aur Return: dono ek saath naape jaate hain.

Yeh unit 2 sawaal jodta hai: kitna mila, aur us milne ke aas-paas kitna bikharaav tha. Return ginne ke tareeke, bikharaav naapne ke paimane, poore bazaar se juda hua hissa aur sirf ek company ka apna hissa, diversification, aur portfolio ka kul return — sab isme aate hain.

Sirf return dekhna adhoora jawab hai — bikharaav baaki hissa hai.
Bazaar se juda risk diversification se poora nahi jaata.
Portfolio ka return hisson ka jod hai, unka aam ausat nahi.
Har paimane ke saath uska daur aur uska base batana zaroori hai.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Sirf risk aur return wale unit ke sawaal chhaant kar dikhata hai.
Har jawab ke saath uska hisaab ya wajah likh kar deta hai.
Paimanon ke beech ka farak baar-baar saamne laata hai.

Kya nahi milega

Yeh official workbook ka vikalp nahi hai.

Is unit ke sawaal kholo

UNIT MEIN KYA

Naapne ke 2 alag sawaal

Pehla sawaal seedha hai: kitna mila. Ek avadhi ka return, kai avadhiyon ko jod kar nikala gaya return, aur mehngai ke baad bacha hua asli return — yeh 3 alag numbers hain aur har ek ka apna matlab hai.

Doosra sawaal bikharaav ka hai. Natije apne ausat ke aas-paas kitna phaile hue the, aur unme se kitna hissa poore bazaar ke saath hilta hai aur kitna sirf us ek company ka apna hai. Diversification doosre wale hisse ko ghatata hai. Pehle wala bacha rehta hai, aur yeh farak is unit ka sabse zyada poochha jaane wala hissa hai.

SAWAAL

Kis tarah ke sawaal aate hain

Diye gaye returns se ausat aur bikharaav nikalna.
2 cheezon ka saath chalna kam ho toh portfolio par kya asar padta hai.
Kaunsa risk diversification se nahi jaata.
Portfolio ka kul return hisson ke bhaar se kaise banta hai.

DHYAN

Ausat rasta chhupa leti hai

Ek hi ausat return wale 2 raaste bilkul alag mehsoos ho sakte hain, agar ek beech mein bahut zyada neeche gaya ho. Isiliye bikharaav alag se naapa jaata hai, aur exam dono ko ek saath rakh kar poochhna pasand karta hai.

Doosri chook base ki hai. Kis number se naapa gaya — shuruaat se, ya beech ke sabse oonche bindu se — yeh bataye bina koi paimana tulnaa ke laayak nahi rehta.

Drawdown ka matlab Sabse oonche bindu se neeche tak ki girawat, jo ausat kabhi nahi dikhati.
Base rate ka matlab Bina kisi shart ke kitni baar hota hai — har dawe ka benchmark yahi hai.

Ab achhi research report ki pehchan
Naapna seekh liya. Ab yeh dekhna hai ki research report mein kaise likhi jaaye, taaki padhne wala uska tark jaanch sake.

Qualities of a Good Research Report

Achhi Research Report: padhne wala uska tark jaanch sake.

Yeh unit batata hai ki achhi research report kaisi hoti hai. Usme facts, maanyataayein (assumptions) aur nateeje alag-alag dikhte hain. Jokhim saaf likhe hote hain, aur rating ka matlab bataya jaata hai.

Facts, maanyataayein, anumaan aur nateeje alag-alag dikhne chahiye.
Checklist kaam ko poora aur ek jaisa rakhti hai, soch ki jagah nahi leti.
Rating ka shabd tabhi kaam ka hai jab uski paribhasha di gayi ho.
Achhi report batati hai ki kya hone par uska tark galat saabit hoga.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Har jawab ke saath uski wajah dikhata hai, sirf sahi option nahi.
Poori aur adhoori report ka farak saamne rakhta hai.

Kya nahi milega

Yeh official workbook ki jagah nahi leta.

Is unit ke sawaal kholo

UNIT MEIN KYA

Tark ka poora raasta dikhe

Achhi report mein 4 cheezein alag dikhti hain. Facts, yaani jo ho chuka hai. Maanyataayein aur anumaan (forecasts). Aur analyst ka apna nateeja. Isse padhne wala har nateeje ko uske saboot tak wapas le ja sakta hai.

Report ka valuation kuch maanyataon par tika hota hai. Achhi report unhe khol kar rakhti hai. Woh jokhim, catalysts aur woh saboot bhi batati hai jisse raay badal sakti hai. Catalysts aisi ghatnaayein hain jo keemat hila sakti hain. Sensitivity ya scenario table dikhata hai ki ek maanyata badalne par nateeja kitna badalta hai.

AUZAAR

Checklist aur rating ka matlab

Checklist se kaam ek tay dhang se hota hai, aur zaroori hissa chhootne ka khatra kam hota hai. Usme thesis (report ka mukhya tark), maanyataayein, financials, valuation, jokhim aur disclosures (zaroori khulaase) aate hain. Par checklist soch ki jagah nahi leti. Woh sahi nateeje ki guarantee bhi nahi deti.

Outperform jaisa rating ka shabd har firm mein ek hi matlab nahi rakhta. Report ko rating ka matlab batana chahiye. Kis return ki seema, kis benchmark (tulnaa ka paimana) aur kitna samay.

DHYAN

Jahan reports kamzor padti hain

Pehli chook anumaan ko pakke fact ki tarah likhna hai. Sirf achhi baatein likhna aur jokhim chhod dena bhi report ko ek taraf jhuka deta hai.

Doosri chook checklist ko mashini dhang se bharna hai. Har khaane par tick lag jaana achhi quality ka saboot nahi. Alag firms ke rating shabd bhi bina paribhasha padhe milaye nahi ja sakte.

Teesri chook ek hi sateek keemat dena hai, bina yeh dikhaye ki maanyata badalne par kya hoga. Report mein likhi keemat ek anumaan hai, vaada nahi.

Ab woh niyam jo research par lagte hain
Achhi report ki pehchan ho gayi. Ab yeh dekhna hai ki likhi hui raay par kaunse niyam lagte hain aur kya batana zaroori hota hai.

Legal and Regulatory Environment

Legal and Regulatory: raay likhne par lagne wale niyam.

Yeh unit un niyamon par hai jo research ke kaam par lagte hain: registration aur yogyata, kya batana zaroori hai, apne hiton ka takraav kaise saamne rakha jaata hai, andar ki jaankari par kya rok hai, aur record kitne samay tak rakhe jaate hain. Yahan yaad rakhne wala hissa bada hai.

Registration aur yogyata ki shartein alag-alag poochhi jaati hain.
Hiton ka takraav chhupaana nahi, batana hota hai.
Andar ki jaankari par rok ke apne alag niyam hain.
Record rakhna aur usse dikhaana bhi niyam ka hissa hai.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Sirf regulations wale unit ke sawaal chhaant kar dikhata hai.
Har jawab ke saath uska aadhaar aur wajah likhta hai.
Aise sawaal alag karta hai jinke jawab samay ke saath badal sakte hain.

Kya nahi milega

Yeh official workbook aur regulator ki apni site ki jagah nahi leta.

Is unit ke sawaal kholo

UNIT MEIN KYA

Kaun likh sakta hai, aur kis shart par

Pehla hissa yeh hai ki research ka kaam karne ke liye registration aur padhai-yogyata ki kya shartein hain, aur woh kis par lagti hain. Doosra hissa aachaar sanhita ka hai: imaandari, mehnat se ki gayi jaanch, aur jo likha jaaye uska aadhaar rakhna.

Teesra hissa disclosure ka hai — apna ya apne parivaar ka hissa, company se koi rishta, ya koi bhugtan. Yeh sab padhne wale ko pehle se saaf dikhna chahiye. Chautha hissa andar ki jaankari par rok ka hai, aur paanchva record rakhne, shikayat sunne aur jaanch ka.

SAWAAL

Kis tarah ke sawaal aate hain

Kis haalat mein disclosure dena zaroori ho jaata hai.
Aachaar sanhita ka kaunsa hissa diye gaye vyavhaar par lagta hai.
Andar ki jaankari ki paribhasha mein kya aata hai aur kya nahi.
Record kis roop mein aur kis samay tak rakhe jaate hain.

DHYAN

Yeh wahi unit hai jo sabse tezi se badalta hai

Niyam, shartein aur seemayein samay ke saath badalti hain. Isliye is unit ke jawab par sabse zyada zaroori hai ki uske saath di gayi date aur source dekhi jaaye — aur agar woh purani lage toh current official workbook aur regulator ki apni site se milaayi jaaye.

Doosri baat: yahan yaad karna zaroori hai, par akela kaafi nahi. Sawaal aksar ek haalat rakh kar poochhte hain ki us par kaunsa niyam lagta hai, na ki niyam ka text.

Aakhir mein charts wala hissa
Syllabus ka aakhri padhne wala unit technical analysis hai — daam aur volume ka apna alag tareeka, apni alag seemaon ke saath.

Technical Analysis

Technical Analysis: daam aur volume ka apna alag tareeka.

Yeh unit charts par kaam karta hai: alag tarah ke chart, trend ki pehchan, support aur resistance, volume ka kirdaar, aam patterns, aur kuch indicators jo daam se hi bante hain. Yeh baaki units se poori tarah alag tareeka hai, kyunki yahan company ke numbers nahi, sirf daam aur volume padhe jaate hain.

Chart ke type aur samay ka daayra jawab badal dete hain.
Support aur resistance khinchi hui lakeerein hain, koi niyam nahi.
Indicators daam se hi bante hain, isliye woh peeche chalte hain.
Pattern ka naam baad mein milta hai — us waqt sab ek jaisa dikhta hai.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Sirf Technical Analysis unit ke sawaal chhaant kar dikhata hai.
Har jawab ke saath uski paribhasha aur wajah likhta hai.
Har auzaar ke saath uski maani hui seema bhi saath rakhta hai.

Kya nahi milega

Yeh official workbook ka vikalp nahi hai.

Is unit ke sawaal kholo

UNIT MEIN KYA

Lakeerein, volume aur ginti se bane auzaar

Shuruaat charts se hoti hai — kaunsa chart kya dikhata hai aur ek bar mein kitna samay samaya hua hai. Uske baad trend ki pehchan, aur woh lakeerein jinke aas-paas daam pehle ruka tha: support aur resistance. Yeh khinchi hui rekhaayein hain, koi tay niyam nahi.

Phir volume aata hai, jo har move ke saath ki hui bhagidari batata hai. Aur aakhir mein indicators — chalte hue ausat aur usi tarah ke number, jo daam se hi bante hain. Isliye woh khud koi nayi jaankari nahi laate, woh purani jaankari ko doosre roop mein dikhate hain.

SAWAAL

Kis tarah ke sawaal aate hain

Ek pattern ki paribhasha aur uski shartein pehchanna.
Support aur resistance ka farak diye gaye vivaran se batana.
Volume ke saath move ko kaise padha jaata hai.
Chalte hue ausat jaise auzaar peeche kyun chalte hain.

DHYAN

Naam aur bhavishya 2 alag cheezein hain

Pattern ka naam hamesha peeche mudkar milta hai. Us pal par ek tikne wala move aur ek fail hone wala move bilkul ek jaise dikhte hain, aur is site ka rukh yahi hai ki isse aage koi dawa nahi ki jaati.

Exam is unit mein paribhasha aur mechanics poochhta hai — kya kis cheez ko kehte hain, aur woh kis tarah naapa jaata hai. Woh yeh nahi poochhta ki aage kya hoga, aur yahan bhi wahi lakeer maani jaati hai.

Support aur resistance Woh lakeerein kahan se aati hain, aur woh kya nahi batatin.
Breakout ka matlab Ek level paar hona — aur usse aage apne aap kuch tay nahi hota.
Traded volume Volume kya ginta hai, aur akela woh kitna kam kehta hai.

Aakhir mein poora case
Units alag-alag padhne ke baad case study unhe ek saath rakhti hai — ek hi vivaran par kai sawaal, jahan ek galat padhi hui line poora set le doobti hai.

Case Study - Valuation

Case Study: valuation, poore vivaran ke saath.

Case study mein ek company ka vivaran aur uske numbers diye jaate hain, aur usi par kai sawaal tike hote hain. Yahan saare units ek saath kaam mein aate hain. Sabse badi baat yeh hai ki poora case pehle ek baar dhyan se padha jaaye — ek line ulti samajh aayi toh usi ke saath jude saare jawab bhatak jaate hain.

Ek hi vivaran par kai sawaal tike hote hain.
Poora case pehle padhna sabse zyada samay bachata hai.
Sirf diye gaye numbers se kaam karna hota hai, apne anumaan se nahi.
Units ki gadbad yahan sabse zyada mehengi padti hai.

SEEMAYEIN

Yeh kya karta hai, aur kya nahi

Kya milega

Case study wale sawaal alag chhaant kar dikhata hai.
Har jawab ke saath uska hisaab aur us par lagi maanyata likhta hai.
Yeh dikhata hai ki jawab case ki kis line se nikla.

Kya nahi milega

Yeh official workbook ki jagah nahi leta.

Is unit ke sawaal kholo

CASE KAISE

Ek vivaran, uspar tike kai jawab

Case mein aam taur par company ka thoda parichay, uske numbers, aur kuch maanyataayein di jaati hain. Uske baad ke sawaal usi jaankari se nikalte hain — kisi mein ek ratio nikalna hota hai, kisi mein ek tareeka chunna, aur kisi mein yeh batana ki di gayi maanyata badalne par jawab kis taraf jaayega.

Isiliye tareeka aam sawaalon se alag hai. Pehle poora case padhiye, phir sawaal, aur phir wapas case ki us line par jaiye jahan se number aayega. Seedhe pehle sawaal par kood jaana yahan sabse mehenga shortcut hai.

SAWAAL

Kis tarah ke sawaal aate hain

Diye gaye numbers se ek ratio ya ek mol nikalna.
Case ki haalat mein kaunsa tareeka theek baithta hai.
Ek maanyata badalne par jawab kis disha mein jaata hai.
Kaunsi di gayi jaankari us sawaal ke liye zaroori hi nahi thi.

DHYAN

Units aur avadhi pehle jaanch lijiye

Case mein numbers alag-alag paimanon par diye ja sakte hain — kisi jagah ek avadhi ka, kisi jagah poore saal ka. Hisaab shuru karne se pehle yahi milaana sabse zyada galtiyaan bachaata hai.

Aur ek hi galat padhi hui line uske saath jude har sawaal ko le doobti hai. Isiliye galat jawab ke baad sirf jawab nahi, woh line dobara padhiye jahan se woh number aana tha.

XIRR ka matlab Jab paisa alag-alag tareekhon par aata-jaata hai toh return kaise ginta hai.

Doosri series ki practice
Series XV ke units poore ho gaye. Practice ka mukhya page baaki series bhi kholta hai. Galat jawab ke baad kya karna hai, woh upar ke pehle hisse mein likha hai.

Is syllabus par khud ko test karo

Iski marking upar diye pass mark aur negative marking se hoti hai.

Series XV ke 150 practice questions

Ek-ek karke answer do aur turant wajah padho. Ya is paper jaisa timed set do: galat answer par 0.25 marks katte hain, pass ke liye 60%.

Practice shuru karo →

NISM Series XV mock test

50 sawaal ke 3 fixed paper. Ghadi is exam ki raftaar se chalti hai, aur pass mark aur negative marking iske apne hain. Submit karte hi score aur har jawab ki wajah khulti hai.

Mock test do →

Har series ka practice set

Baaki certifications ke sawaal bhi hain. Har ek apne pass mark aur marking rule se check hota hai.

Har series dekho →

Kaunsa NISM exam aap par laagu hota hai

Kaunsi series aapke kaam ki hai, aur har series ke lessons aur tools.

Certification hub kholo →

Is site ki baaki certifications

Sources aur review date. Upar ke sawaalon ki ginti, kul marks, samay, pass mark, negative marking aur certificate validity NISM ke apne pages se hain, jo NISM-Series-XV: Research Analyst Certification Examination ke liye 3 October 2026 ko padhe gaye. Har sawaal ke marks, pass ke marks aur galat answer par katne wale marks inhi figures se nikaale gaye hain. Is exam ke har unit ke published marks nahi mile, isliye yahan nahi diye. Doosri weightage tables andaaze hain. Unit headings in practice sawaalon ke kram mein hain. Inhe NISM ki published unit list se milaa kar dekho.

OFFICIAL MATERIAL

Workbook aur practice ko saath padhein

Practice ko official workbook ke units se milaayein. Pehle chapter padhein, phir uske sawaal hal karein aur galat answer ki wajah samjhein.

Galat jawab ke baad usi topic ko dobara padhein aur doosra sawaal karein. Isse pata chalta hai ki kahan samajh bani aur kahan revision chahiye.

NISM Series XV: aksar poochhe sawaal

NISM Series XV exam mein kitne sawaal hote hain?

NISM-Series-XV: Research Analyst Certification Examination mein 100 sawaal hote hain, kul 100 marks. Inhe 120 minute (2 ghante) mein karna hota hai.

NISM Series XV mein pass hone ke liye kitne marks chahiye?

60%. 100 marks ke paper par iska matlab 60 marks hai, galat answers par negative marking lagne ke baad. Yeh NISM ke is exam ke apne page se 3 October 2026 ko milaaya gaya.

Kya NISM Series XV mein negative marking hai?

Haan. Galat answer par sawaal ke 25% marks katte hain. Yahan har sawaal 1 mark ka hai, isliye galat answer par 0.25 marks katte hain. Khaali sawaal par na kuch milta hai, na katta hai. Isliye galat answer aur khaali sawaal ek jaise nahi hain.

NISM Series XV ka certificate kitne saal valid rehta hai?

Exam ki date se 3 saal. NISM apne certifications ke liye Continuing Professional Education programme bhi chalata hai. Certificate expire hone se pehle nism.ac.in par revalidation ka aaj ka tareeka dekho.

Kya is page ke practice questions NISM Series XV exam se liye gaye hain?

Nahi. LearnNifty ne yeh saare 150 sawaal is certification ke public NISM syllabus se likhe hain. NISM apna question bank publish nahi karta. Yeh sawaal syllabus ki practice karaate hain. Paper mein kya aayega, yeh nahi bata sakte.

NISM Series XV ke syllabus mein kya aata hai?

Is certification ke humare practice questions 16 topics mein baante gaye hain: Introduction to Research Analyst Profession, Introduction to Securities Market, Terminology in Equity and Debt Markets, Fundamentals of Research, Economic Analysis, Industry Analysis, Company Analysis – Business and Governance, Company Analysis – Financial Analysis, Corporate Actions, Valuation Principles, Fundamental analysis of commodities, Fundamentals of Risk and Return, Qualities of a Good Research Report, Legal and Regulatory Environment, Technical Analysis, Case Study - Valuation. Practice set isi dhaanche par chalta hai. NISM is exam ka apna curriculum aur test objectives nism.ac.in par publish karta hai. Aapke exam ke liye jo workbook current hai, sirf wahi exam ka material hai.

LearnNifty ko NISM Series XV exam ki yeh figures kahan se milti hain?

Sawaalon ki ginti, samay, pass mark, negative marking aur certificate validity NISM ke exam pages se hain, jo aakhri baar 3 October 2026 ko padhe gaye. Yahan ka quiz bhi inhi figures se marks deta hai. NISM inhe kabhi kabhi badalta hai, isliye register karne se pehle nism.ac.in par confirm karo.

Kya is site par official question paper milta hai?

Nahi. Practice page ke sawaal LearnNifty ne khud likhe hain.

Iske baad yeh karo

Upar ke figures se check hone wala Series XV paper do

Published syllabus par likhe Series XV sawaal, isi paper ke niyamon se check — pass ke liye 60%, galat answer par 0.25 marks katte hain. Practice mode har option samjhata hai. Timed practice submit tak answers chhupati hai.

Series XV practice questions kholo