NISM Series III-A Mock Test 1

50 questions in 60 minutes, with the exam's own pass mark and negative marking.

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 a quarter of a mark. A blank loses nothing.
You pass with 60% or more.
When you submit, you see your score and your weakest chapters. Every question then shows its right answer and why.

50 questions from 23 chapters. Each chapter gets a share that follows our question bank.

Introduction to the Financial System: 3 questions.
Regulatory Framework – General View: 5 questions.
Introduction to Compliance: 2 questions.
Securities and Exchange Board of India Act, 1992: 3 questions.
Securities Contracts (Regulation) Act, 1956 and Rules, 1957: 2 questions.
SEBI (Intermediaries) Regulations, 2008: 3 questions.
SEBI (Prohibition of Insider Trading) Regulations, 2015: 3 questions.
SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003: 3 questions.
Prevention of Money Laundering Act, 2002: 4 questions.
SEBI (KYC Registration Agency) Regulations, 2011: 1 question.
SEBI (Foreign Portfolio Investors) Regulations, 2019: 2 questions.
SEBI (Stock Brokers) Regulations, 1992: 3 questions.
SEBI (Merchant Bankers) Regulations 1992, etc.: 3 questions.
SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018: 3 questions.
Depositories Act 1996: 1 question.
SEBI (Depositories and Participants) Regulations 2018: 1 question.
SEBI (Registrar to an Issue and Share Transfer Agents) Regulations, 1993: 1 question.
SEBI (Research Analyst) Regulations, 2014: 1 question.
SEBI (Investment Advisers) Regulations, 2013: 1 question.
SEBI (Debenture Trustees) Regulations, 1993: 2 questions.
SEBI (Credit Rating Agencies) Regulations, 1999: 1 question.
SEBI (Custodian) Regulations, 1996: 1 question.
Proxy Advisors: 1 question.

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

After this paper

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