Series II-BNew
Registrars to an Issue and Share Transfer Agents - Mutual Fund
50 questionsPass mark 50%Negative marking None
Exam preparation
NISM Series II-B: Registrars to an Issue and Share Transfer Agents - Mutual Fund
The NISM paper for people who keep a mutual fund's investor records. A registrar and transfer agent, or RTA, opens folios, records purchases and redemptions, matches money with the bank and handles changes such as a new address or a nominee. The paper also covers shares, bonds, SEBI's role and how a mutual fund is built.
Questions1001 mark each
Duration120 min2 hours
Pass mark50%50 of 100 marks
Negative markingNonea blank and a wrong answer cost the same
NISM Series II-B Registrars to an Issue and Share Transfer Agents - Mutual Fund
Exam rules read on NISM's site on 31 October 2026. Check the current rules on NISM's site (opens in a new tab)
The NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents - Mutual Fund Certification Examination is 100 questions worth 100 marks in 120 minutes, and 50% is the pass mark. There is no negative marking on this paper, so a blank is never better than a guess. The certificate is valid 3 years from the date of the examination. Every figure here was read from NISM's own published pages on 31 October 2026.
What the Series II-B certification is for
The NISM paper for people who keep a mutual fund's investor records. A registrar and transfer agent, or RTA, opens folios, records purchases and redemptions, matches money with the bank and handles changes such as a new address or a nominee. The paper also covers shares, bonds, SEBI's role and how a mutual fund is built.
Who takes it
People who work at an RTA on mutual fund records and investor service. Students and other learners may also take it.
Why it is on this site
Learn what happens behind every mutual fund order. A time stamp decides the NAV you get, and a checked bank mandate keeps your money safe.
Exam format at a glance
Questions1001 mark each
Total marks100100 × 1
Duration120 min2 hours
Pass mark50%50 of 100 marks
Negative markingNonea wrong answer costs nothing beyond the mark
Certificate validity3 yearsfrom the date of the examination
100 multiple-choice questions of 1 mark each in 120 minutes. 50% to pass, which is 50 of 100 marks. There is no negative marking.
The examination fee is deliberately not printed here. NISM publishes it per certification and revises it from time to time, and a fee is the one figure on a page like this that somebody acts on with money — read the current one on nism.ac.in.
How the marking works — and what the quiz here does with it
Each question carries 1 mark, so the paper is scored out of 100 and 50 marks are needed to pass. There is no negative marking on this paper. A wrong answer and a blank both score nothing, which means a blank is never the better of the two: an uncertain answer is free to give.
The practice quiz here uses these same figures. Timed practice applies this pass mark and this deduction. Its clock runs at this paper's pace (120 minutes for 100 questions), scaled to the size of your set.
Syllabus units, and what each is worth
15 practice topics, in the order our questions are written. Each row links to the topic's full questions and answers. Each answer explains why the other options are wrong. The marks column is the published syllabus outline's, and where two of our unit headings sit under one published unit they show that unit's whole mark value. The official outline gives a combined figure for these headings.
| Unit | Practice questions | Published marks |
|---|---|---|
| Introduction to SecuritiesShares its published unit with Characteristic of Equities and Characteristics of Debt Securities and Characteristics of Other Securities and SEBI- Role and Regulations | 5 | 20 of 10020% for the group |
| Characteristic of EquitiesShares its published unit with Introduction to Securities and Characteristics of Debt Securities and Characteristics of Other Securities and SEBI- Role and Regulations | 7 | 20 of 10020% for the group |
| Characteristics of Debt SecuritiesShares its published unit with Introduction to Securities and Characteristic of Equities and Characteristics of Other Securities and SEBI- Role and Regulations | 7 | 20 of 10020% for the group |
| Characteristics of Other SecuritiesShares its published unit with Introduction to Securities and Characteristic of Equities and Characteristics of Debt Securities and SEBI- Role and Regulations | 5 | 20 of 10020% for the group |
| SEBI- Role and RegulationsShares its published unit with Introduction to Securities and Characteristic of Equities and Characteristics of Debt Securities and Characteristics of Other Securities | 6 | 20 of 10020% for the group |
| Basics of Registrars and Transfer AgentsShares its published unit with Registrars and Transfer Agents Regulations and Basics of Mutual Funds | 12 | 25 of 10025% for the group |
| Registrars and Transfer Agents RegulationsShares its published unit with Basics of Registrars and Transfer Agents and Basics of Mutual Funds | 12 | 25 of 10025% for the group |
| Basics of Mutual FundsShares its published unit with Basics of Registrars and Transfer Agents and Registrars and Transfer Agents Regulations | 14 | 25 of 10025% for the group |
| Structure and Constituents of Mutual FundsShares its published unit with Mutual Fund Products and Operational Concepts of Mutual Funds | 11 | 25 of 10025% for the group |
| Mutual Fund ProductsShares its published unit with Structure and Constituents of Mutual Funds and Operational Concepts of Mutual Funds | 12 | 25 of 10025% for the group |
| Operational Concepts of Mutual FundsShares its published unit with Structure and Constituents of Mutual Funds and Mutual Fund Products | 14 | 25 of 10025% for the group |
| Investors in Mutual FundsShares its published unit with Banking Operations in Mutual Funds and Financial Transactions and Non-Financial Transactions | 10 | 30 of 10030% for the group |
| Banking Operations in Mutual FundsShares its published unit with Investors in Mutual Funds and Financial Transactions and Non-Financial Transactions | 12 | 30 of 10030% for the group |
| Financial TransactionsShares its published unit with Investors in Mutual Funds and Banking Operations in Mutual Funds and Non-Financial Transactions | 12 | 30 of 10030% for the group |
| Non-Financial TransactionsShares its published unit with Investors in Mutual Funds and Banking Operations in Mutual Funds and Financial Transactions | 11 | 30 of 10030% for the group |
Because a shared unit reports its whole value under each of our headings, the marks column does not add to 100 — the published units do. The source each figure is quoted from is printed on that unit's own page.
Test yourself on this syllabus
It is marked with the pass mark and negative marking shown above.
150 Series II-B practice questions
Answer one at a time and see the reason straight away. Or sit a timed set marked like this paper: 50% to pass, with no deduction for a wrong answer.
Start practising →NISM Series II-B mock tests
Three fixed papers of 50 questions each, timed at this exam's pace, with its pass mark and negative marking. When you submit, you see your score and why each answer is right.
Take a mock test →Every series' practice set
The other certifications we hold questions for, each scored on its own published pass mark and marking rule — which are not the same as this paper's.
Browse every series →Which NISM exam applies to you
Which series fits your work, with the lessons and tools for each one.
Open the certification hub →The other certifications on this site
- Series VIII — Equity Derivatives
- Series V-A — Mutual Fund Distributors
- Series XV — Research Analyst
- Series VII — Securities Operations and Risk Management
- Series I — Currency Derivatives
- Series X-A — Investment Adviser (Level 1)
- Series IV — Interest Rate Derivatives
- Series VI — Depository Operations
- Series XVI — Commodity Derivatives
- Series XXI-A — Portfolio Management Services (PMS) Distributors
- Series XII — Securities Markets Foundation
- Series XIII — Common Derivatives
- Series III-A — Securities Intermediaries Compliance (Non-Fund)
- Series IX — Merchant Banking
- Series V-D — Mutual Fund - Specialized Investment Fund Distributors
- Series XIX-A — Alternative Investment Funds (Category I and II) Distributors
- Series XXI-B — Portfolio Managers
- Series II-A — Registrars to an Issue and Share Transfer Agents - Corporate
Sources & review date. The question count, total marks, duration, pass mark, negative marking and certificate validity above come from NISM's own pages for the NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents - Mutual Fund Certification Examination, last read on 31 October 2026. Marks per question, marks needed to pass and marks lost per wrong answer are worked out from those figures. The syllabus marks are quoted from the published outline. The mapping from that outline onto this site's own unit headings is stated on each unit's page, including where one published unit covers two headings and its marks are therefore reported whole under both. The unit headings follow the order of these practice questions. Compare them with NISM's published unit list.
NISM Series II-B: common questions
How many questions are in the NISM Series II-B exam?
The NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents - Mutual Fund Certification Examination has 100 questions worth 100 marks in total, to be completed in 120 minutes (2 hours).
What is the passing score for NISM Series II-B?
50%, which on a 100-mark paper means 50 marks. Checked against NISM's own published page for this examination on 31 October 2026.
Is there negative marking in NISM Series II-B?
No. NISM applies no negative marking to this examination, which is why leaving an answer blank on this paper is never the better option: a guess can only help.
How long is the NISM Series II-B certificate valid?
3 years from the date of the examination. NISM also runs a Continuing Professional Education programme for its certifications. Confirm the current revalidation route on nism.ac.in before your certificate expires.
Are the practice questions on this page from the NISM Series II-B exam?
No. LearnNifty wrote all 150 of them from NISM's public syllabus for this certification. NISM does not publish its question bank. The questions help you practise the syllabus. They cannot predict the paper.
What does the NISM Series II-B syllabus cover?
Our practice questions for this certification are sorted into 15 topics: Introduction to Securities, Characteristic of Equities, Characteristics of Debt Securities, Characteristics of Other Securities, SEBI- Role and Regulations, Basics of Registrars and Transfer Agents, Registrars and Transfer Agents Regulations, Basics of Mutual Funds, Structure and Constituents of Mutual Funds, Mutual Fund Products, Operational Concepts of Mutual Funds, Investors in Mutual Funds, Banking Operations in Mutual Funds, Financial Transactions, Non-Financial Transactions. That is the structure the practice set follows. NISM publishes its own curriculum and test objectives for the examination on nism.ac.in, and the workbook current for your sitting is the only examinable material.
Where does LearnNifty get these NISM Series II-B exam figures from?
The question count, time, pass mark, negative marking and certificate validity come from NISM's own exam pages, last read on 31 October 2026. The quiz here marks with the same figures. NISM changes them from time to time, so confirm them on nism.ac.in before you register.
Is a calculator allowed in the NISM Series II-B exam?
At a test centre, yes. NISM's candidate rules let you bring your own calculator. It must be silent and must not connect to any computer. In a remote proctored exam you cannot use your own calculator. The screen gives you a scientific calculator instead. Check NISM's candidate rules on nism.ac.in before exam day.
Sit a Series II-B paper marked on the figures above
Series II-B questions written against the published syllabus and scored under this paper’s own rules — 50% to pass, with no deduction for a wrong answer. Practice mode explains every option as you go. Timed practice hides answers until you submit.
Open the Series II-B practice questionsPaper Trading Try it on the practice trading desk