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Free NISM X-A Mock Test

Practise for the NISM-Series-X-A Investment Adviser (Level 1) Certification — set up like the real exam: 90 MCQs and 9 case studies. Practice questions based on the official NISM workbook, in English and Hindi, with an explanation for every answer. Free, no login.

150Marks · 90 MCQs + 9 cases
180Minutes
60%To pass
25%Negative marking
Careful — a wrong answer costs 25% of that question's marks: −0.25 on a 1-mark question, −0.50 on a 2-mark case question. A blank costs nothing.

📘 Formula & quick-revision sheet  ·  🗓 30-day study planner  ·  📚 Chapter notes & sample questions

Full mock test

An exam-like simulation: timed, MCQs drawn across all 20 chapters by the official module weightage, then the case studies — palette to jump around, mark-for-review, negative marking, and a score at the end.

Quick mock

A shorter set to warm up — same rules, less time.

Full mock

The full paper — 90 MCQs and 9 cases, 150 marks — at the real exam's pace.

Mock test series

Ten full-length, exam-like mock tests (90 MCQs + 9 cases, 150 marks, with negative marking). Each test is a fixed paper you can retake to track your improvement — timed, with a score and explanations at the end.

Chapter-wise practice

Untimed and no negative marking. Pick a chapter, answer at your own pace, and see the correct answer and explanation after each question.

Case-study practice

The real paper ends with 9 case studies — 6 worth 1 mark a question and 3 worth 2 marks a question. Practise each case here: read the facts once, answer its five questions, see every answer explained.

📽 Trainer / projector mode

For AMC trainers and branch sessions: ten questions drawn by the official chapter weightage, shown one at a time in big type — no timer, no palette. Put it on the projector, let the group call out answers, then reveal the answer with its explanation. Group answers are not saved into anyone's personal progress.

Frequently asked questions

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Questions

Answered
Marked for review
Not answered

Chapter-wise breakdown

Answer review

Aumsetu — free tools for Mutual Fund Distributors. This mock test is an independent, free study aid based on the publicly published NISM-Series-X-A (Investment Adviser Level 1) workbook (Version September 2026). It is not affiliated with, endorsed by, or a product of NISM or SEBI. "NISM" is a mark of the National Institute of Securities Markets. Always study the official workbook for the exam.