Research Analyst — mock test
Mandatory for SEBI-registered research analysts. Revamped syllabus — now with technical analysis, commodities and case-based sets.
Free · no sign-up · 2 hours for the full paper · 160 original questions in the bank
The exam at a glance
The mock is set to the same pattern: 80 multiple-choice questions + 5 case-based sets of 4 questions each.
Questions
100
100 marks
Duration
2 hours
Pass mark
60 / 100
60%
Negative marking
25%
of the question’s marks, per wrong answer
Certificate validity
3 years
Syllabus and chapter weightage
Marks per chapter as published by NISM. The mock paper draws exactly this many marks from each chapter.
- 01Introduction to Research Analyst Profession1mark
- 02Introduction to Securities Market2marks
- 03Terminology in Equity and Debt Markets2marks
- 04Fundamentals of Research5marks
- 05Economic Analysis5marks
- 06Industry Analysis8marks
- 07Company Analysis – Business and Governance6marks
- 08Company Analysis – Financial Analysis12marks
- 09Corporate Actions5marks
- 10Valuation Principles12marks
- 11Fundamental Analysis of Commodities5marks
- 12Fundamentals of Risk and Return7marks
- 13Qualities of a Good Research Report5marks
- 14Legal and Regulatory Environment10marks
- 15Technical Analysis15marks
Questions candidates ask
What is the pattern of the NISM-Series-XV exam?
80 multiple-choice questions + 5 case-based sets of 4 questions each — 100 marks in total, to be completed in 2 hours.
What is the pass mark for NISM-Series-XV?
60 marks out of 100 (60%). The certificate is valid for 3 years.
Is there negative marking in NISM-Series-XV?
Yes — 25% of a question's marks per wrong answer. This mock applies exactly the same deduction, so your score here reflects how the real paper would be marked.
Are these the real NISM exam questions?
No. NISM’s question bank is confidential. Every question here is original, written for practice against NISM’s published syllabus and chapter weightages. Use it to test your understanding — the NISM workbook remains the primary study material.
Do I need to sign up, and is it free?
It is free and there is no sign-up. Your attempts, mistake notebook and progress are stored only in your own browser, on your own device.
Where these exam facts come from
The pattern, pass mark and chapter weightages above were checked against NISM’s own published details on 21 September 2026. NISM can revise an exam at any time — confirm the current rules on the official pages before you register:
- NISM Annexure I — XV examination structure and weightages (Dec 2025)
- NISM — Research Analyst certification
Independent study aid — not affiliated with, or endorsed by, NISM or SEBI. All questions are original and written for practice; none is taken from NISM’s question bank. A mock score is a guide to your preparation, not a prediction of your exam result.