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NISM Certification Examinations

Mock Tests	Test Duration	No. of Questions	Passing Mark (%)	Negative Mark (%)
NISM Series I: Currency Derivatives Mock Test	2 hrs	100	60%	25%
NISM Series III-A: Securities Intermediaries Compliance (Non-Fund) Mock Test	2 hrs	100	60%	25%
NISM Series V-A: Mutual Fund Distributors Mock Test	2 hrs	100	50%	NIL
NISM Series VI: Depository Operations Certification Mock Test	2 hrs	100	60%	25%
NISM Series VIII: Equity Derivatives Mock Test	2 hrs	100	60%	25%
NISM Series IX: Merchant Banking Certification Mock Test	2 hrs	100	60%	25%
NISM-Series X-A: Investment Adviser (Level 1) Mock Test	3 hrs	135	60%	25%
NISM-Series X-B: Investment Adviser (Level 2) Mock Test	3 hrs	120	60%	25%
NISM Series XII: Securities Market Foundation Mock Test	2 hrs	100	60%	NIL
NISM Series XV: Research Analyst Certification Mock Test	2 hrs	100	60%	25%
NISM Series XVI: Commodity Derivatives Certification Mock Test	2 hrs	100	60%	25%
NISM-Series XXI-A: Portfolio Management Services (PMS) Distributors Certification Mock Test	2 hrs	100	60%	25%
NISM Series XXI-B: Portfolio Managers Certification Mock Test	3 hrs	120	60%	25%
NISM Series XX: Taxation in Securities Markets Certification Mock Test	2 hrs	75	60%	25%

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