NISM NISM Series X-A: Investment Adviser Level 1 Certification
No login • No registration • 100% Free
Topics Covered in This Mock Test
- ✅ Financial Planning Process
- ✅ Risk Profiling
- ✅ Investment Products (NPS, PPF, ELSS)
- ✅ SEBI IA Regulations 2013
- ✅ Suitability Assessment
- ✅ Client Advisory Process
All questions are based on the official NISM Series X-A syllabus. Questions are shuffled on every attempt. Explanations are shown after each answer.
Why Use This Mock Test?
Simulates real exam conditions
Learn why each answer is correct
See which topics need more work
Different order every attempt
0.25 deduction — exactly like the real exam
No login, no payment, ever
Frequently Asked Questions — NISM Series X-A
NISM Series X-A is mandatory for individuals seeking to register as SEBI Investment Advisers. Investment advisers provide fee-based financial advice and must register with SEBI under the IA Regulations 2013.
A mutual fund distributor (needs NISM V-A) earns commission for distributing funds. A SEBI-registered investment adviser (needs NISM X-A) must follow a fee-only model and has a fiduciary duty to the client.
NISM Series X-A has 100 questions in 180 minutes. Passing marks are 60%. Negative marking of 0.25 per wrong answer applies.