Series VIII
Equity Derivatives
50 questionsPass mark 60%Negative marking 25% / wrong answer
NISM Mock Tests
Three mock tests for each of the 10 NISM exams on this site. Each is a fixed paper, with the same questions every time. It runs at its exam's pace, with the exam's own pass mark and negative marking.
Choose an exam
- Series V-A
Mutual Fund Distributors
50 questionsPass mark 50%Negative marking None - Series XV
Research Analyst
50 questionsPass mark 60%Negative marking 25% / wrong answer - Series VII
Securities Operations and Risk Management
50 questionsPass mark 50%Negative marking 25% / wrong answer - Series I
Currency Derivatives
50 questionsPass mark 60%Negative marking 25% / wrong answer - Series X-A
Investment Adviser (Level 1)
50 questionsPass mark 60%Negative marking 25% / wrong answer - Series IV
Interest Rate Derivatives
50 questionsPass mark 60%Negative marking 25% / wrong answer - Series VI
Depository Operations
50 questionsPass mark 60%Negative marking 25% / wrong answer - Series XVI
Commodity Derivatives
50 questionsPass mark 60%Negative marking 25% / wrong answer - Series XXI-A
Portfolio Management Services (PMS) Distributors
50 questionsPass mark 60%Negative marking 10% / wrong answer
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Open NISM certificationsLast checked on 5 September 2026.