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NISM Series 2B Mock Test 2: Free RTA Mutual Fund Paper

Free NISM Series 2B mock test 2 for the Registrars to an Issue and Share Transfer Agents - Mutual Fund exam (NISM Series II-B). 50 questions. You have 60 minutes. The pass mark and negative marking match the exam.

The clock starts when you press Start. Answers and explanations open after you submit.

How this mock is marked

  • 50 questions, one mark each.
  • 60 minutes on the clock. That is the real exam's pace: 120 minutes for 100 questions.
  • A wrong answer loses nothing, so answer every question.
  • You pass with 50% or more.
  • Submit to see your score and the chapters to work on. Then check each right answer and why it is right.

What this paper covers

50 questions from 15 chapters. Each chapter gets a share that follows our question bank.

  • Introduction to Securities: 2 questions.
  • Characteristic of Equities: 2 questions.
  • Characteristics of Debt Securities: 2 questions.
  • Characteristics of Other Securities: 2 questions.
  • SEBI- Role and Regulations: 2 questions.
  • Basics of Registrars and Transfer Agents: 4 questions.
  • Registrars and Transfer Agents Regulations: 4 questions.
  • Basics of Mutual Funds: 5 questions.
  • Structure and Constituents of Mutual Funds: 3 questions.
  • Mutual Fund Products: 4 questions.
  • Operational Concepts of Mutual Funds: 5 questions.
  • Investors in Mutual Funds: 4 questions.
  • Banking Operations in Mutual Funds: 4 questions.
  • Financial Transactions: 4 questions.
  • Non-Financial Transactions: 3 questions.

By level: Beginner 15 · Intermediate 25 · Advanced 10.

Chapter split of Mock 2

How Mock 2 shares its questions between chapters and levels. This split belongs to this paper. The other mocks of this exam have their own.

  • Introduction to Securities: Beginner 1 · Intermediate 1 · Advanced 0.
  • Characteristic of Equities: Beginner 1 · Intermediate 1 · Advanced 0.
  • Characteristics of Debt Securities: Beginner 0 · Intermediate 1 · Advanced 1.
  • Characteristics of Other Securities: Beginner 1 · Intermediate 1 · Advanced 0.
  • SEBI- Role and Regulations: Beginner 1 · Intermediate 1 · Advanced 0.
  • Basics of Registrars and Transfer Agents: Beginner 1 · Intermediate 2 · Advanced 1.
  • Registrars and Transfer Agents Regulations: Beginner 1 · Intermediate 2 · Advanced 1.
  • Basics of Mutual Funds: Beginner 2 · Intermediate 3 · Advanced 0.
  • Structure and Constituents of Mutual Funds: Beginner 1 · Intermediate 1 · Advanced 1.
  • Mutual Fund Products: Beginner 2 · Intermediate 1 · Advanced 1.
  • Operational Concepts of Mutual Funds: Beginner 1 · Intermediate 2 · Advanced 2.
  • Investors in Mutual Funds: Beginner 1 · Intermediate 2 · Advanced 1.
  • Banking Operations in Mutual Funds: Beginner 1 · Intermediate 2 · Advanced 1.
  • Financial Transactions: Beginner 1 · Intermediate 3 · Advanced 0.
  • Non-Financial Transactions: Beginner 0 · Intermediate 2 · Advanced 1.

The written-out answers on this page are hidden while your timed set runs.

3 sample questions, with answers

These 3 questions are not in Mock 2, so reading them spoils nothing here. They come from Mock 1 of this exam. Each one shows the hint, the answer and why every wrong option is wrong.

  1. Q1A scheme has net assets of ₹24 lakh and 1.2 lakh units. What is its NAV?

    • Option A. ₹24

      Why it is wrong: This treats lakh assets as if there were one lakh units.

    • Option B. ₹2

      Why it is wrong: This divides using an extra factor of ten.

    • Option C. ₹12

      Why it is wrong: This incorrectly halves the computed value.

    • Option D. ₹20 — Correct answer

    Answer: D. NAV equals ₹24,00,000 ÷ 1,20,000 = ₹20 per unit.

    Hint, shown before you answer in practice mode: Divide net assets by total outstanding units.

    II-B-059mediumnumerical

    Study this unit

  2. Q2A redemption has gross value ₹8,000 and a stated 1% exit load. Ignoring other deductions, what is paid?

    • Option A. ₹8,080

      Why it is wrong: Exit load is deducted, not added.

    • Option B. ₹7,920 — Correct answer

    • Option C. ₹7,200

      Why it is wrong: That represents a 10% deduction.

    • Option D. ₹8,000

      Why it is wrong: That ignores the stated exit load.

    Answer: B. Exit load is ₹8,000 × 1% = ₹80, so the amount is ₹7,920.

    Hint, shown before you answer in practice mode: Compute the percentage of the gross value and subtract.

    II-B-133mediumnumerical

    Study this unit

  3. Q3A ₹1,000 bond pays ₹80 interest yearly and trades at ₹800. What is its current yield?

    • Option A. 8%

      Why it is wrong: This uses face value instead of current market price.

    • Option B. 12.5%

      Why it is wrong: This divides price by coupon in the wrong direction.

    • Option C. 10% — Correct answer

    • Option D. 20%

      Why it is wrong: This confuses price discount with annual yield.

    Answer: C. Current yield equals ₹80 ÷ ₹800 × 100 = 10%.

    Hint, shown before you answer in practice mode: Compare annual interest with the price paid today.

    II-B-014mediumnumerical

    Study this unit

After this paper

Then take Mock 3

Read the chapters your result names first. A new paper then shows whether those gaps have closed.

Open Mock 3

Paper Trading Try it on the practice trading desk