NISM Series II-A Mock Test: Registrars to an Issue and Share Transfer Agents – Corporate
Up to 30 full-length mock tests of 100 questions each, built on the official syllabus, with an explanation for every answer.
About the NISM Series II-A exam
NISM Series II-A covers the work of Registrars to an Issue and Share Transfer Agents (RTAs) for companies — public issue processing, basis of allotment, transfers, transmission, corporate actions, depository interface and investor servicing.
Who should take it: Staff of SEBI-registered RTAs who handle corporate shareholder records, and company secretarial teams who work closely with RTAs.
NISM Series II-A exam pattern
| Questions | 100 multiple-choice questions |
|---|---|
| Total marks | 100 |
| Duration | 120 minutes |
| Passing score | 50% |
| Negative marking | −0.25 mark per wrong answer |
Indicative pattern. Exam bodies revise patterns — confirm the details in the latest official notification before your exam.
Syllabus covered in our NISM Series II-A question bank
Our 50-question bank for NISM Series II-A covers every chapter below. Mock tests mix questions across all of them in the same proportion as the real paper.
- Introduction to Securities3 practice questions
- Characteristics of Equity Shares4 practice questions
- Characteristics of Debt Securities3 practice questions
- Characteristics of Other Securities3 practice questions
- Basics of Mutual Funds2 practice questions
- SEBI – Role and Regulations3 practice questions
- Public Offer of Securities5 practice questions
- Modes of Allotment other than Public Offers4 practice questions
- Processes related to Public Offering of Shares4 practice questions
- Roles and Responsibilities in a Public Issue4 practice questions
- Depository Services3 practice questions
- Processes related to Depositories4 practice questions
- Investor Interface with the R&T Agent4 practice questions
- Secondary Market Transactions2 practice questions
- Client Servicing2 practice questions
Free NISM Series II-A sample questions
Try five questions from our bank. Each mock test gives you 100 like these, with your score, chapter-wise analysis and explanations at the end.
Which of the following best describes the role of the primary market?
- It is the market in which derivatives on listed shares are settled
- It is the market where only the RBI deals in government bonds
- It is where investors trade already-listed securities among themselves
- It is where issuers raise fresh capital by selling newly issued securities to investors
Show answer & explanation
Answer: D. It is where issuers raise fresh capital by selling newly issued securities to investors
New securities are created and sold by issuers in the primary market; trading of existing securities happens in the secondary market.
In the event of liquidation, equity shareholders are paid:
- Only after all creditors and preference shareholders have been paid
- Pari passu with debenture holders
- Before preference shareholders but after creditors
- Before secured creditors
Show answer & explanation
Answer: A. Only after all creditors and preference shareholders have been paid
Equity holders carry residual risk and receive whatever remains after all prior claims are settled.
A bond with a face value of ₹1,000 carries a coupon of 8% per annum payable annually. What is the annual interest received?
- ₹8
- ₹80
- ₹108
- ₹800
Show answer & explanation
Answer: B. ₹80
Coupon is calculated on face value: 8% of ₹1,000 = ₹80 per year.
A warrant attached to a security gives the holder:
- A fixed coupon payable every quarter
- Voting rights immediately on issue
- The right, but not the obligation, to acquire shares at a specified price within a set period
- An obligation to buy shares at market price
Show answer & explanation
Answer: C. The right, but not the obligation, to acquire shares at a specified price within a set period
A warrant is an option-like right to subscribe to shares at a pre-set price; the holder may choose not to exercise it.
The Net Asset Value (NAV) of a mutual fund scheme per unit is computed as:
- (Assets + liabilities) ÷ units outstanding
- Total income ÷ number of unitholders
- Total assets ÷ face value of units
- (Market value of assets − liabilities) ÷ number of units outstanding
Show answer & explanation
Answer: D. (Market value of assets − liabilities) ÷ number of units outstanding
NAV per unit is the scheme's net assets divided by units outstanding.
NISM Series II-A mock test plans
Every plan unlocks one full-length mock test per day of the plan. Prices include GST.
| Plan | Mock tests | Questions | Price |
|---|---|---|---|
| 10 Days | 10 mock tests | 1,000 questions | ₹199 incl. GST |
| 15 Days | 15 mock tests | 1,500 questions | ₹279 incl. GST |
| 20 Days Popular | 20 mock tests | 2,000 questions | ₹349 incl. GST |
| 30 Days Best value | 30 mock tests | 3,000 questions | ₹449 incl. GST |
Official study material
Links open the official website. We do not host or alter official material.
NISM Series II-A mock test FAQs
How many questions are there in the NISM Series II-A exam?
The NISM Series II-A paper has 100 multiple-choice questions for 100 marks, to be completed in 120 minutes. This is the indicative pattern — always confirm it in the latest official notification.
Is there negative marking in NISM Series II-A?
Yes. −0.25 mark per wrong answer (25% of the marks for that question). Our mock tests apply the same rule.
What is the pass mark for NISM Series II-A?
You need 50% to pass. Our mock tests show pass or fail against the same mark.
How many NISM Series II-A mock tests do I get?
One full-length mock test is unlocked for each day of your plan: 10, 15, 20 or 30 mock tests on the 10 Days, 15 Days, 20 Days or 30 Days plans. You can retake any unlocked test while your plan is active.
Are these the actual exam questions?
No. Every question is an original practice question written to match the official syllabus and the exam's style. Reproducing real exam questions is not permitted, and we do not do it.
Where can I get the official NISM Series II-A study material?
NISM provides the latest workbook free of cost on its official portal after a short registration. The link is in the Official study material section on this page.