NISM-Series-21B: Portfolio Managers Mock Tests

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Examination Objectives 

  • Understand the basics of investments, securities markets, investing in stocks, fixed income securities, derivatives, and mutual funds.
  • Grasp concepts such as indices, information efficiency, behavioural finance, modern portfolio theory, and strategies for managing equity and fixed income portfolios.
  • Comprehend the role of portfolio managers, the operational aspects of portfolio management services, the portfolio management process, and how to measure and evaluate portfolio managers' performance.
  • Become familiar with the taxation, regulatory, governance, and ethical aspects pertinent to portfolio managers.

Assessment Structure 

  • It consists of 90 independent multiple-choice questions, each worth 1 mark, totalling 90 marks.
  • There are also 6 caselets, with each caselet containing 5 questions, and each of these questions is worth 2 marks. This section totals 60 marks (6 * 5 * 2 = 60 marks).
  • The total marks for the examination are 150.
  • Candidates must complete the examination within 3 hours.
  • A passing score of 60 percent is required, which translates to 90 marks out of the total 150 marks.
  • There will be negative marking, deducting 25 percent of the marks assigned to a question for incorrect answers.
  • Test Centre workstations are equipped with either Microsoft Excel or OpenOffice Calc, and candidates are advised to be proficient in both for numerical computations.
  • The sample caselets and multiple-choice questions provided in the workbook are for reference only, and the actual examination's difficulty level may vary.

Syllabus Outline with Weights

Chapter No Chapter Name Weightage (marks)
1 Investment Landscape 3
2 Introduction to Securities Markets 2
3 Investing in Stocks 5
4 Investing in Fixed Income Securities 5
5 Derivatives 5
6 Mutual Funds 5
7 Role of Portfolio Managers 10
8 Operational Aspects of Portfolio Managers 10
9 Portfolio Management Process 10
10 Taxation 5
11 Regulatory, Governance and Ethical Aspects of Portfolio Managers 10
12 Introduction to Indices 5
13 Concept of Informational Efficiency 5
14 Behavioural Finance 5
15 Introduction to Modern Portfolio Theory 5
16 Introduction to Capital Market Theory 5
17 Risk 10
18 Equity Portfolio Management Strategies 15
19 Fixed Income Portfolio Management Strategies 15
20 Performance Measurement and Evaluation of Portfolio Managers 10
21 Portfolio Rebalancing 5
  Total Marks 150

Study Materials

Download or open materials for this subject.

NISM-Series-21B: Portfolio Managers 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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