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NISM Series XV case studies

The real Series XV paper has 5 cases after its 80 single questions. Each set below is one full case part: 20 questions, 20 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 XV cases

  • Set 1 · Case 1

    Profit growth that has not become operating cash

    4 questions4 marks
  • Set 1 · Case 2

    From enterprise value to equity value

    4 questions4 marks
  • Set 1 · Case 3

    A buyback that raises EPS while reducing profit

    4 questions4 marks
  • Set 1 · Case 4

    Operating leverage in a single-product company

    4 questions4 marks
  • Set 1 · Case 5

    A report based on optimistic management claims

    4 questions4 marks
  • Set 2 · Case 1

    Dissecting return on equity with DuPont analysis

    4 questions4 marks
  • Set 2 · Case 2

    Reading a fictional bank’s spread and asset quality

    4 questions4 marks
  • Set 2 · Case 3

    Relative valuation and a dividend model

    4 questions4 marks
  • Set 2 · Case 4

    A moving average and an unconfirmed breakout

    4 questions4 marks
  • Set 2 · Case 5

    Commodity balance and an importer’s exchange-rate exposure

    4 questions4 marks
  • Set 3 · Case 1

    Consolidated profit is not all attributable to the parent

    4 questions4 marks
  • Set 3 · Case 2

    A sum-of-the-parts valuation with a stress case

    4 questions4 marks
  • Set 3 · Case 3

    Linking a required return to a dividend valuation

    4 questions4 marks
  • Set 3 · Case 4

    A price increase with a demand response

    4 questions4 marks
  • Set 3 · Case 5

    A probability-weighted forecast is not a promise

    4 questions4 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

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