NISM Series VI Mock Test: Depository Operations
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 VI exam
NISM Series VI covers depository operations — the depository system, NSDL and CDSL, account opening, dematerialisation, transfers, pledge, transmission and nomination, corporate actions and investor services at a depository participant.
Who should take it: Employees of depository participants (banks, brokers and custodians) who handle demat account operations and client service.
NISM Series VI exam pattern
| Questions | 100 multiple-choice questions |
|---|---|
| Total marks | 100 |
| Duration | 120 minutes |
| Passing score | 60% |
| 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 VI question bank
Our 50-question bank for NISM Series VI covers every chapter below. Mock tests mix questions across all of them in the same proportion as the real paper.
- Introduction to the Indian Capital Market3 practice questions
- Introduction to Depository4 practice questions
- Depository and its Business Partners5 practice questions
- DP Functions – Account Opening5 practice questions
- DP Functions – Account Operations5 practice questions
- DP Functions – Transmission and Nomination4 practice questions
- DP Functions – Dematerialisation4 practice questions
- DP Functions – Trading and Settlement4 practice questions
- Special Services – Pledge & Hypothecation3 practice questions
- Special Services – Public Offering / Corporate Actions3 practice questions
- Special Services – Debt Instruments & Government Securities3 practice questions
- Foreign Portfolio Investors (FPI)3 practice questions
- Investor Services4 practice questions
Free NISM Series VI 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 segment of the capital market is used when a company sells its shares to the public for the first time?
- Secondary market
- Primary market
- Money market
- Derivatives market
Show answer & explanation
Answer: B. Primary market
An IPO is a primary market transaction in which the issuer raises fresh funds.
Which of the following is a key advantage of holding securities in a depository?
- Exemption from capital gains tax
- No risk of loss, theft or mutilation of physical certificates
- Higher face value of shares
- Guaranteed dividends
Show answer & explanation
Answer: B. No risk of loss, theft or mutilation of physical certificates
Electronic holdings remove the risks and paperwork of physical certificates.
A depository participant acts as:
- An investment adviser
- A stock exchange
- An agent of the depository providing depository services to investors
- The issuer's share registrar
Show answer & explanation
Answer: C. An agent of the depository providing depository services to investors
DPs are the depository's interface with investors and are registered with SEBI.
Which document is mandatory for opening a demat account by an individual resident investor?
- PAN card
- Passport
- Voter ID
- Ration card
Show answer & explanation
Answer: A. PAN card
PAN is the mandatory identifier; other proofs of address and identity can vary.
A client wants to stop all debits from their demat account for some time. The DP can:
- Reject the request because freezing is not allowed
- Close the account and reopen it later
- Transfer holdings to the DP's own account
- Freeze the account for debits as per the client's request
Show answer & explanation
Answer: D. Freeze the account for debits as per the client's request
Clients can request freezing of debits, credits or both for a period.
NISM Series VI 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 VI mock test FAQs
How many questions are there in the NISM Series VI exam?
The NISM Series VI 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 VI?
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 VI?
You need 60% to pass. Our mock tests show pass or fail against the same mark.
How many NISM Series VI 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 VI 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.