NISM Series XII Mock Test: Securities Markets Foundation
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 XII exam
NISM Series XII is a foundation exam on the Indian securities markets — primary and secondary markets, types of securities, mutual funds, derivatives and the investor's role.
Who should take it: Students, fresh graduates and new joiners in financial services who want a recognised entry-level securities market certification.
NISM Series XII exam pattern
| Questions | 100 multiple-choice questions |
|---|---|
| Total marks | 100 |
| Duration | 120 minutes |
| Passing score | 60% |
| Negative marking | No negative marking |
Indicative pattern. Exam bodies revise patterns — confirm the details in the latest official notification before your exam.
Syllabus covered in our NISM Series XII question bank
Our 50-question bank for NISM Series XII covers every chapter below. Mock tests mix questions across all of them in the same proportion as the real paper.
- Securities Markets and Their Role7 practice questions
- Securities, Asset Allocation and Investing10 practice questions
- Primary Markets9 practice questions
- Secondary Markets10 practice questions
- Mutual Funds8 practice questions
- Derivative Markets6 practice questions
Free NISM Series XII 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.
The main economic role of securities markets is to
- Fix interest rates for bank deposits
- Print currency
- Guarantee returns to investors
- Channel household savings into productive investment by companies and governments
Show answer & explanation
Answer: D. Channel household savings into productive investment by companies and governments
Securities markets help issuers raise capital from savers and give investors liquidity, supporting capital formation.
Equity shareholders of a company have
- A fixed claim to interest payments
- A residual claim on profits and assets after all other claims are met
- Priority over lenders in liquidation
- A guaranteed return of capital
Show answer & explanation
Answer: B. A residual claim on profits and assets after all other claims are met
Equity holders are owners and are paid last, which is why equity carries higher risk and higher potential reward.
An Initial Public Offer (IPO) is
- Any sale of shares on the stock exchange
- The first offer of shares to the public by an unlisted company
- An offer of shares only to existing shareholders
- A buyback of shares by a listed company
Show answer & explanation
Answer: B. The first offer of shares to the public by an unlisted company
In an IPO, a company offers shares to the public for the first time and then gets listed.
What is the standard settlement cycle for equity trades in the Indian cash market?
- T+1
- T+2
- T+3
- T+5
Show answer & explanation
Answer: A. T+1
Indian exchanges moved fully to T+1 rolling settlement in January 2023.
A scheme has net assets of ₹50 crore and 4 crore units outstanding. What is its NAV?
- ₹12.50
- ₹8.00
- ₹10.00
- ₹13.50
Show answer & explanation
Answer: A. ₹12.50
NAV = 50 / 4 = ₹12.50.
NISM Series XII 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 XII mock test FAQs
How many questions are there in the NISM Series XII exam?
The NISM Series XII 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 XII?
No. There is no negative marking, so attempt every question. Our mock tests apply the same rule.
What is the pass mark for NISM Series XII?
You need 60% to pass. Our mock tests show pass or fail against the same mark.
How many NISM Series XII 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 XII 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.