NISM-Series-10B: Investment Advisor (Level 2) Mock Tests

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Available Practice Tests

Standard MCQs only (no case-based).

Test 1

100 Questions • Mock Simulation

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Test 2

100 Questions • Mock Simulation

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Test 3

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Test 4

100 Questions • Mock Simulation

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Test 5

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Test 6

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Case-based Practice Tests

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Case-based Test 1

100 Questions • Case-based only

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Attempt full-length exam simulation with 100 questions (standard MCQs).

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Case-based Final Test

100 random case-based questions.

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Examination Objectives 

  • Understand aspects of insurance planning, various insurance products, and risk management.
  • Grasp the different retirement products and their features, as well as the role of Investment Advisers in retirement planning.
  • Comprehend the significance of estate planning and the function of estate planning tools.
  • Acquire knowledge about the taxation aspects of different financial securities.
  • Recognize the role of behavioural finance and risk profiling in providing comprehensive financial advice as an Investment Adviser.

Assessment Structure 

  • It comprises 90 multiple-choice questions, with each question carrying 1 mark, totaling 90 marks.
  • Additionally, there are 6 case-based questions, with each case having 5 sub-questions, and each sub-question carrying 2 marks. This section totals 60 marks (6 * 5 * 2 = 60).
  • The total marks for the examination are 150.
  • Candidates are allotted 3 hours to complete the examination.
  • A passing score of 60% is required.
  • There is a negative marking of 25% of the marks assigned to a question.

Syllabus Outline with Weights

Chapter No. Chapter Name Weightage (marks)
Module 7 Risk Management and Insurance Planning 25
Chapter 1 Basics of Insurance  
Chapter 2 Features of Life Insurance Products  
Chapter 3 Features of non-Life Insurance Products  
Module 8 Retirement Planning 30
Chapter 4 Retirement Planning Basics  
Chapter 5 Retirement Products  
Chapter 6 Miscellaneous aspects of Retirement Planning  
Module 9 Taxation 20
Chapter 7 Concepts of Taxation  
Chapter 8 Capital Gains  
Chapter 9 Income from Other Sources  
Chapter 10 Taxation of Debt Products  
Chapter 11 Taxation of Equity Products  
Chapter 12 Taxation of Other Products  
Chapter 13 Tax provisions for Special Cases  
Module 10 Estate Planning 20
Chapter 14 Basics of Estate Planning  
Chapter 15 Tools for Estate Planning  
Module 11 Behavioral Finance 10
Chapter 16 Basics of Behavioral Finance  
Chapter 17 Behavioral Finance in practice  
Module 12 Comprehensive Financial Advice 45
Chapter 18 Risk Profiling for Investors  
Chapter 19 Comparison of Products across categories  
Chapter 20 Case Studies  
  Total Marks 150

Study Materials

Download or open materials for this subject.

NISM-Series-10B: Investment Advisor (Level 2) 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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