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NISM Series X-A case studies

The real Series X-A paper has 9 cases after its 90 single questions. Each set below is one full case part: 45 questions, 60 marks.

Cases 1 to 6 carry 1 mark a question and cases 7 to 9 carry 2 marks.

Case sets

Practice shows the hint and the answer after each question. Timed hides them until you hand in, like the exam.

All Series X-A cases

  • Set 1 · Case 1

    A household with wealth but limited ready cash

    5 questions5 marks
  • Set 1 · Case 2

    Funding a dated education goal

    5 questions5 marks
  • Set 1 · Case 3

    Reading the first month of a loan

    5 questions5 marks
  • Set 1 · Case 4

    A shareholder’s return and stock split

    5 questions5 marks
  • Set 1 · Case 5

    A bond below face value

    5 questions5 marks
  • Set 1 · Case 6

    Mutual fund units and a disclosed exit load

    5 questions5 marks
  • Set 1 · Case 7

    Rebalancing a portfolio with a cash withdrawal

    5 questions10 marks
  • Set 1 · Case 8

    Performance with an external contribution

    5 questions10 marks
  • Set 1 · Case 9

    Advice, consent and an undisclosed incentive

    5 questions10 marks
  • Set 2 · Case 1

    A budget with quarterly freelance receipts

    5 questions5 marks
  • Set 2 · Case 2

    Beginning-of-year versus end-of-year deposits

    5 questions5 marks
  • Set 2 · Case 3

    A cheaper loan rate with a refinancing fee

    5 questions5 marks
  • Set 2 · Case 4

    A rights issue and an investor’s choices

    5 questions5 marks
  • Set 2 · Case 5

    A protective put on an existing holding

    5 questions5 marks
  • Set 2 · Case 6

    A portfolio manager’s hypothetical fee agreement

    5 questions5 marks
  • Set 2 · Case 7

    Matching a liability with a bond and a reserve

    5 questions10 marks
  • Set 2 · Case 8

    Two assets whose risks do not move together

    5 questions10 marks
  • Set 2 · Case 9

    A complaint about misleading performance

    5 questions10 marks
  • Set 3 · Case 1

    Using spare cash without exhausting the reserve

    5 questions5 marks
  • Set 3 · Case 2

    Choosing between money today and staged payments

    5 questions5 marks
  • Set 3 · Case 3

    A high current yield with credit and liquidity risk

    5 questions5 marks
  • Set 3 · Case 4

    Two purchases at different mutual fund NAVs

    5 questions5 marks
  • Set 3 · Case 5

    An AIF commitment is larger than cash already called

    5 questions5 marks
  • Set 3 · Case 6

    Position sizing under a hypothetical trading plan

    5 questions5 marks
  • Set 3 · Case 7

    Allocating money across conflicting goals

    5 questions10 marks
  • Set 3 · Case 8

    Comparing performance after adjusting for risk

    5 questions10 marks
  • Set 3 · Case 9

    Onboarding and an account-change request

    5 questions10 marks
Do this next

Case set 1

Practice shows the hint and the answer after each question. Timed hides them until you hand in, like the exam.

Start set 1

Paper Trading Try it on the practice trading desk