Free Test 1 per NISM subject

NISM Mock Tests for Certification Exams

PassNISM offers NISM mock tests online — full-length multiple-choice questions (MCQs), score analytics, and study notes. Test 1 is free per subject after you log in. You can also practice Insurance, NCFM, IBBI, and SEBI exams. PassNISM is not affiliated with NISM or SEBI.

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Which NISM Mock Tests Can You Practice?

Choose a NISM series, Insurance, NCFM, IBBI, or SEBI subject and start a structured mock test.

NISM-Series-8: Equity Derivatives Mock Tests
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NISM-Series-15: Research Analyst Mock Tests
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NISM-Series-5A: Mutual Fund Distributor Mock Tests
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NISM-Series-1: Currency Derivatives Mock Tests
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NISM-Series-16: Commodity Derivatives Mock Tests
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NISM-Series-7: Securities Operations and Risk Management (SORM) Mock Tests
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NISM-Series-10A: Investment Advisor (Level 1) Mock Tests
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NISM-Series-10B: Investment Advisor (Level 2) Mock Tests
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NISM-Series-2A: Registrars and Transfer Agents (Corporate) Mock Tests
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NISM-Series-2B: Registrars and Transfer Agents (Mutual Fund) Mock Tests
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NISM-Series-4: Interest Rates Derivatives Mock Tests
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NISM-Series-6: Depository Operations Mock Tests
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NISM-Series-13: Common Derivatives Mock Test
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NISM-Series-19A: Alternative Investment Funds (Category I and II) Distributors Mock Tests
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NISM-Series-21A: Portfolio Management Services (PMS) Distributors Mock Tests
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NISM-Series-21B: Portfolio Managers Mock Tests
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NISM-Series-23: Social Impact Assessors Mock Tests
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NISM-Series-24: AML and CFT Provisions in Securities Markets Mock Tests
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NISM-Series-3A: Securities Intermediaries Compliance (Non-Fund) Mock Tests
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NISM-Series-9: Merchant Banking Mock Tests
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NISM-Series-12: Securities Markets Foundation Mock Tests
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NISM-Series-19C: Alternative Investment Fund Managers Mock Tests
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NISM-Series-5B: Mutual Fund Foundation Mock Tests
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NISM-Series-5D: Mutual Fund - Specialized Investment Fund (SIF) Distributors
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NISM-Series-19B: Alternative Investment Funds (Category III) Distributors Mock Tests
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NISM-Series-19D: Category I and II Alternative Investment Fund Managers Mock Tests
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NISM-Series-19E: Category III Alternative Investment Fund Managers Mock Tests
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NISM-Series-17: Retirement Adviser Mock Tests
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NISM IFSCA 01: Anti Money Laundering and Counter Terrorist Financing Certification in the IFSC
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NISM Series 22: Fixed Income Securities Mock Test
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IC 11 Practice of General Insurance Mock Tests
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IC 02 Practice of Life Insurance Mock Tests
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IC 01 Principles of Insurance Mock Tests
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IRDAI - IC 38 Insurance Agent Mock Tests
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IRDAI - IC 72 Motor Insurance Mock Tests
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NCFM Financial Market Beginner Module Mock Test
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NCFM Fundamental Analysis Mock Test
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NCFM Technical Analysis Module Mock Test
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NCFM Derivatives Market (Dealers) Module Mock Test
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IBBI Registered Valuer – Securities or Financial Assets Mock Tests
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IBBI Registered Valuer – Land & Building Mock Tests
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IBBI Registered Valuer – Plant & Machinery Mock Tests
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SEBI - Investor Certification Exam - Financial Education Booklet Mock Tests
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SEBI - Investor Certification Exam - Securities Market Booklet Mock Tests
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Latest NISM Content

Recent NISM exam guides, mock-test tips, and certification notes from the PassNISM blog.

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How Do Free NISM Mock Tests Work on PassNISM?

Direct answers on free Test 1, paid mocks, sample questions, and exam prep.

A NISM mock test is a practice exam that uses multiple-choice questions (MCQs) in the style of NISM certification papers. On PassNISM, Test 1 is free per subject after login (up to 100 MCQs with score analytics). Extra mocks may require purchase.

PassNISM is an independent online platform for NISM and financial certification mock tests. You can practice full-length MCQs, review analytics, use study notes, and prepare for NISM, Insurance, NCFM, IBBI, and SEBI investor exams.

Yes. Create a free account and take Test 1 for every subject at no cost. Extra practice tests, case-based sets, and final mocks unlock after you purchase that subject (unless it is fully free).

No. PassNISM is not affiliated with NISM, SEBI, IRDAI, or any official exam body. Use PassNISM for practice only, and confirm registration, fees, and syllabus on the official websites.

PassNISM covers major NISM series certifications plus Insurance (IC/IRDAI), NCFM/NSE modules, IBBI valuation exams, and SEBI investor certification pathways listed on the Subjects section.

Register or log in, open Free Tests or pick a subject from the home page, then click Free Test / Start Test for Test 1. You will get up to 100 MCQs with score analytics after submission.

You receive your score, question-wise review, and performance analytics. Where explanations exist, you can study why an answer is correct and revisit weak areas before the next attempt.

Yes. Each subject page links to free sample questions with answers and explanations so you can preview question style before starting a full mock test.

Each subject includes 600 to 1,000 questions with analysis and descriptions. PassNISM covers more than 40 subject certifications from NISM, Insurance (IRDAI), NCFM, BSE, IBBI, and SEBI — with an overall question bank of 36,000+ MCQs.

PassNISM question banks are maintained for current syllabus coverage for each listed exam. Always cross-check the latest official workbook or circular before your exam date.

Practice tests use fixed question sets in sequence. The final mock pulls a random set from the subject pool to simulate exam variety and help you test readiness under less predictable conditions.

Case-based tests focus on scenario questions tied to a case passage. Standard practice tests use regular MCQs without a case description. Both help you prepare for different question styles.

Not for Test 1. Purchase a subject only when you want more mocks beyond the free test — such as Tests 2+, case-based practice, or final mocks for that certification.

Yes. After each completed attempt, PassNISM shows analytics for score, accuracy, and question review. You can also explore exam trends based on anonymized candidate activity and ratings.

Yes. Many subjects include study notes and materials hubs so you can revise concepts alongside mock tests. Open a subject page to see available notes and resources.

Yes. Start with sample questions, take free Test 1, review analytics, then add more mocks if you need deeper practice. The flow is designed for first-time candidates and repeat attempters.

Use the FAQ page for common account and purchase answers, or contact PassNISM support from the Contact page. For official exam registration and dates, use nism.ac.in or the relevant regulator site.
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