NISM NISM Series X-B: Investment Adviser Level 2 Certification
No login • No registration • 100% Free
Topics Covered in This Mock Test
- ✅ Modern Portfolio Theory
- ✅ CAPM & Factor Investing
- ✅ Behavioural Finance
- ✅ Estate Planning
- ✅ Alternative Investments (AIFs, REITs)
- ✅ Comprehensive Advisory
All questions are based on the official NISM Series X-B 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-B
Yes. NISM Series X-B is the advanced level for investment advisers, covering complex topics like portfolio theory (MPT, CAPM), behavioural finance, alternative investments, and estate planning — beyond the Level 1 syllabus.
Yes. NISM Series X-A (Level 1) certification must be obtained before attempting NISM Series X-B (Level 2). Both are required to register as a SEBI Investment Adviser.
Passing marks are 60 out of 100. Exam duration is 180 minutes with negative marking of 0.25 per wrong answer.