NISM PracticeTwo kinds of guide
The first five are about the examination itself. Negative marking lists which examinations deduct marks and shows, with a calculator, what that does to a score. How to prepare is a four-week plan built on NISM's own workbook and test objectives. Exam day gives a method for pacing and for reading multiple choice questions. Registration, fees and validity gathers what NISM's pages say about enrolling, paying, PAN and renewal. Which exam? groups NISM's examinations by subject.
The other three are about the arithmetic that earns the surest marks: NAV and returns for the mutual fund papers, and option payoffs and futures pricing for the derivatives papers. Every example in them is worked in full, and the figures were checked by calculation.
How these guides treat facts
Where a guide states a fee, a pass mark, a rule on negative marking or a validity period, the figure was read on nism.ac.in on 12 November 2026 and the guide says so. Where we did not read NISM's own words on a point, such as what to carry to the test centre, the guide sends you to NISM's candidate instructions instead of guessing. The guides do not state tax rates, expense limits, margins or other regulatory numbers, because those change and belong in the current workbook.
Where to start
If you have not yet chosen an examination, begin with which exam and the table of all exams. If you have enrolled, read how to prepare today and exam day in the last week. If your paper has negative marking, read that guide before your first practice test, so that you practise the habit you will need.
An independent practice site. NISM is the National Institute of Securities Markets. This site is not connected with, approved by or paid by NISM or SEBI, and uses none of their logos. The questions are our own; none is taken from NISM's question bank, workbooks or mock tests, and a score here does not predict a result. Examination facts were read on nism.ac.in on 12 November 2026 and can change: check the page of your module on nism.ac.in before you pay or prepare. Nothing here is investment advice.