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Frequently Asked Questions (FAQ's) - nismstudy.in

Last updated: 04 April 2026

Q1. What is the cost of these practice exams?

The cost is Rs 329 for all durations and exam types (including NISM XA, XB, PMS, AIF etc.).

Q2. How do I take a Free Demo exam?

On the Home Page click on 'TAKE A FREE DEMO TEST'. A list of all Exams will appear. Click on Free Demo of the Exam you are interested in. Give your correct email address and press 'SUBMIT'.

Q3. How do I make payments if I wish to buy the complete 'nismstudy.in' question bank?

Choose the exam for which you wish to buy the Question Bank and click on 'BUY NOW'. You will be directed to the Registration Page. Fill in the complete correct details. You will be directed to a Payment Option Page – there are two ways you can make the payments – Online (Credit / Debit card / Net Banking) or by PAYTM. If you make online payments, your account will be activated immediately.

Q4. Do I receive a Book or Soft copy of the practice questions?

Please note - you don't receive a book / printed material. The practice questions are all online. Once you make the payments, your account will be activated immediately. You can log in to the website and see the Q&As.

Q5. What is the validity period of the practice exams?

The validity for exams is 15 / 30 or 60 days as per the plan subscribed by you. You can attempt each of these exams 10 times.

Q6. How do I see my purchased exam whenever I want to?

Log in the website using your Email id and Password. You will be directed to the 'List of Exam Subscribed' page. In case you are not automatically directed, go to the HOME page and click on 'MY PURCHASED EXAMS' in the welcome box.

Q7. How many questions do I get to practice?

We offer the most important 400 – 500 practice questions and answers. nismstudy.in understands that time and money is valuable, so we regularly update all our exams. Our LAST DAY REVISION tests ensure students learn what is most important to pass in the first attempt.

How to give NSE NCFM and NISM Exams

Q8. Who can join NCFM / NISM?

Anyone can join. No formal educational background or age requirement is necessary for registration.

Q9. How to register with NISM?
To register with NISM, please visit https://certifications.nism.ac.in/. PAN Card and a digital photograph are compulsory for registration.
Q10. How much fees to pay for the actual NISM/NCFM exam?

The official exam fees generally range from Rs 1250 to Rs 3000 depending on the module.

Q11. Which exams are provided by NISM and their details?

Note: These are official NISM/IBBI fees, but per your request, the practice material for these at nismstudy.in is Rs 329.

Sr. No NISM Exam Test Duration Practice Test Fee Pass Mark
1NISM Series I: Currency Derivatives2hrsRs 32960%
2NISM Series II A: Registrars and Transfer Agents2hrsRs 32960%
7NISM Series V A: Mutual Fund Distributors2hrsRs 32950%
12NISM-Series-VIII: Equity Derivatives2hrsRs 32960%
14NISM-Series-X-A: Investment Adviser (Level 1)2hrsRs 32960%
20NISM Series-XV: Research Analyst2hrsRs 32960%
Q12. How do I prepare for the test?
We at nismstudy.in have prepared a comprehensive question bank for NISM exams containing the most important and updated Q&As with explanations. Study these 2–3 times and you will be able to clear the exams easily.

To see the question bank of NISM exams, visit: http://nismstudy.in/exams-list/nism-exams-2.aspx

Contact Information

Email: info@nismstudy.in

Address: 974, Abhishta, BTM 4th stage,

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