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

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Available Practice Tests

Standard MCQs only (no case-based).

Test	Action
Test 1 100 Questions • Mock Simulation	Free First Test
Test 2 100 Questions • Mock Simulation
Test 3 100 Questions • Mock Simulation
Test 4 100 Questions • Mock Simulation
Test 5 100 Questions • Mock Simulation
Test 6 100 Questions • Mock Simulation

Case-based Practice Tests

Only case-based / scenario questions.

Case-based Test	Action
Case-based Test 1 100 Questions • Case-based only
Case-based Test 2 100 Questions • Case-based only

Ready for the Final Challenge?

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

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