NISM Series 8 Mock Test 2026 — Free Equity Derivatives Practice
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Take Final TestNISM Series 8 Exam Overview — Pattern, Syllabus & Passing Marks
Preparing for the NISM Series VIII Equity Derivatives Certification Examination? You're in the right place. PassNISM offers 500+ free NISM Series 8 mock test questions across full-length tests and chapter-wise sets — designed to mirror the real exam pattern and help you pass with confidence.
Whether you're attempting NISM 8 for the first time or retaking it, our free online practice tests give you unlimited attempts, instant scoring, and detailed explanations for every question.
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All mock tests below are 100% free to attempt. No login required for your first test. Each full-length test simulates the real exam — 100 questions in 120 minutes, with negative marking enabled.
Each mock test includes: instant results, chapter-wise accuracy breakdown, time per question, and full answer explanations.
NISM Series 8 Exam Overview — Pattern, Syllabus & Passing Marks
Before you start practising, here is everything you need to know about the NISM Series VIII Equity Derivatives exam.
Exam Pattern at a Glance
| Exam Name | NISM Series VIII: Equity Derivatives Certification Examination |
| Total Questions | 100 Multiple Choice Questions (MCQ) |
| Exam Duration | 2 Hours (120 Minutes) |
| Passing Marks | 60% (60 out of 100) |
| Negative Marking | 25% penalty per wrong answer (−0.25 marks) |
| Exam Fee | ₹1,500 + GST |
| Certificate Validity | 3 Years from the date of passing |
| Exam Mode | Online Computer-Based Test at NISM authorised centres |
| Administered By | National Institute of Securities Markets (NISM) |
Important: Negative marking applies. Each wrong answer deducts 0.25 marks. It is better to skip a question you are unsure of than to guess randomly.
NISM Series 8 Syllabus — Chapter-wise Weightage
The NISM Series VIII workbook covers 9 chapters. Here is the expected question distribution based on past exam patterns. Focus your practice on chapters with higher weightage.
| Chapter | Topic | Expected Questions |
|---|---|---|
| 1 | Introduction to Derivative Markets | 8–10 |
| 2 | Understanding Interest Rates and Risk Management | 6–8 |
| 3 | Futures Contracts and Their Applications | 10–12 |
| 4 | Options Contracts and Their Applications | 12–15 |
| 5 | Options Trading Strategies | 10–12 |
| 6 | Introduction to Trading Systems | 6–8 |
| 7 | Legal and Regulatory Environment | 8–10 |
| 8 | Accounting and Taxation | 6–8 |
| 9 | Sales Practice and Investor Protection | 5–7 |
Pro Tip: Options (Chapters 4 & 5) together account for roughly 22–27 questions — nearly a quarter of the paper. Master the option Greeks and strategy payoffs before exam day.
Chapter-wise Mock Tests for NISM Equity Derivatives
Struggling with a specific topic? Use our chapter-wise practice sets to isolate and strengthen weak areas before taking the full mock test.
- Chapter 1 Mock Test — Introduction to Derivative Markets
- Chapter 2 Mock Test — Interest Rates & Risk Management
- Chapter 3 Mock Test — Futures Contracts & Applications
- Chapter 4 Mock Test — Options Contracts & Applications
- Chapter 5 Mock Test — Options Trading Strategies
- Chapter 6 Mock Test — Trading Systems & Mechanisms
- Chapter 7 Mock Test — Legal & Regulatory Environment
- Chapter 8 Mock Test — Accounting & Taxation
- Chapter 9 Mock Test — Sales Practice & Investor Protection
Each chapter test contains 20–30 targeted questions drawn from our full question bank. Your results identify exactly which sub-topics need more attention.
How to Pass NISM Series 8 — Preparation Tips & Strategy
NISM Series 8 is considered one of the more conceptually demanding NISM exams. The options and derivatives chapters require real understanding — not just memorisation. Here is a proven preparation approach.
Step-by-step preparation plan
- Read the NISM Series VIII workbook once, cover to cover — don't skip the examples. The workbook is the primary source for exam questions.
- Attempt each chapter-wise mock test immediately after reading that chapter. This reinforces concepts while they are fresh.
- Take at least 3 full-length mock tests under timed conditions. Aim to consistently score 70%+ before booking your real exam.
- Review every wrong answer using PassNISM's detailed explanations. Understanding why you were wrong is more valuable than simply reattempting.
- On exam day, skip questions you are unsure of and return to them at the end. Never guess randomly — negative marking will cost you.
Common mistakes to avoid
- Ignoring the options Greeks — Delta, Gamma, Theta, Vega, and Rho appear frequently in numerical questions.
- Skipping the taxation chapter — 6–8 marks are typically drawn from STT and options tax treatment.
- Not practising payoff diagrams — several questions require calculating profit/loss at expiry for various strategies.
- Attempting all questions blindly — at 25% negative marking, skipping uncertain answers can be the difference between passing and failing.
- Booking the exam before consistently hitting 70%+ in mock tests — your PassNISM score is your readiness indicator.
Most candidates who fail NISM Series 8 do so by 2–5 marks. The difference is almost always options strategy mastery and disciplined use of negative marking. Our mock tests are specifically designed to prepare you for exactly these scenarios.
Why Use PassNISM for NISM Series 8 Mock Tests?
- 500+ questions curated from the official NISM Series VIII workbook and past exam patterns
- 10 full-length tests — each simulating the real exam: 100 questions, 2-hour timer, negative marking
- Chapter-wise practice — isolate and strengthen weak areas before the full test
- Instant results with detailed explanations for every question
- Unlimited free attempts — retake any test as many times as needed
- Mobile-friendly — practice on your phone, tablet, or desktop without any app download
- Updated for 2026 — questions aligned with the latest NISM Series 8 workbook and exam pattern
Thousands of candidates have used PassNISM to prepare for and pass their NISM certifications. Join them — start your first free NISM Series 8 mock test today.
Related NISM Mock Tests
Preparing for another NISM certification? PassNISM covers all major NISM exams:
- NISM Series 1 — Currency Derivatives Mock Tests
- NISM Series 4 — Interest Rate Derivatives Mock Tests
- NISM Series 5A — Mutual Fund Distributors Mock Tests
- NISM Series 7 — Securities Operations & Risk Management Mock Tests
- NISM Series 10A — Investment Adviser Level 1 Mock Tests
- NISM Series 16 — Commodity Derivatives Mock Tests
Ready to start? Scroll up and attempt your first free NISM Series 8 mock test now. No login required. Your exam success starts here.
Study Materials
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NISM-Series-8: Equity Derivatives Workbook
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Exam Instructions
- Each test contains multiple-choice questions.
- Total 100 questions per test.
- Navigate freely between questions.
- Submit test to view your results.
- Good luck!
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