NISM Series XIX-C Mock Test: Alternative Investment Fund Managers
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 XIX-C exam
NISM Series XIX-C is the AIF manager certification — portfolio theory, AIF structuring and ecosystem, fees and benchmarking, investment process and governance, due diligence, valuation, monitoring and exits, taxation and regulation.
Who should take it: Key investment team members of AIF managers, for whom SEBI requires NISM certification.
NISM Series XIX-C exam pattern
| Questions | 100 multiple-choice questions |
|---|---|
| Total marks | 100 |
| Duration | 180 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 XIX-C question bank
Our 50-question bank for NISM Series XIX-C covers every chapter below. Mock tests mix questions across all of them in the same proportion as the real paper.
- Investments Landscape2 practice questions
- Types of Investments2 practice questions
- Concept of Informational Efficiency2 practice questions
- Introduction to Modern Portfolio Theory2 practice questions
- Introduction to Capital Market Theory3 practice questions
- AIFs in India and Its Suitability3 practice questions
- AIF Ecosystem3 practice questions
- AIF Structuring3 practice questions
- Fee Structure and Fund Performance4 practice questions
- Indices and Benchmarking2 practice questions
- Investment Strategies, Investment Process and Governance of Funds4 practice questions
- Fund Due Diligence – Investor Perspective3 practice questions
- Legal Documentation and Negotiations3 practice questions
- Valuation3 practice questions
- Fund Monitoring, Reporting and Exit3 practice questions
- Taxation3 practice questions
- Regulatory Framework5 practice questions
Free NISM Series XIX-C 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.
An investor earns a nominal return of 10% when inflation is 6%. Using the exact Fisher relationship, the real return is approximately:
- 4.00%
- 16.00%
- 6.00%
- 3.77%
Show answer & explanation
Answer: D. 3.77%
Real return = (1.10 / 1.06) − 1 ≈ 3.77%.
Which of these is a hybrid security combining features of debt and equity?
- Treasury bill
- Equity share
- Compulsorily convertible debenture
- Commercial paper
Show answer & explanation
Answer: C. Compulsorily convertible debenture
A CCD pays interest like debt and later converts into equity, which is why it is widely used in PE deals.
If prices fully reflect all publicly available information, so that fundamental analysis of published data cannot consistently earn excess returns, the market is:
- Weak form efficient only
- Strong form efficient
- Inefficient
- Semi-strong form efficient
Show answer & explanation
Answer: D. Semi-strong form efficient
Semi-strong efficiency means public information (including financial statements) is already in prices.
Two assets each have standard deviation of 20% and correlation of +1. A 50:50 portfolio of them will have a standard deviation of:
- 10%
- 20%
- 14.1%
- 0%
Show answer & explanation
Answer: B. 20%
With perfect positive correlation there is no diversification benefit; portfolio σ is the weighted average, 20%.
Using CAPM, if the risk-free rate is 6%, the expected market return is 12% and a fund's beta is 1.2, its required return is:
- 14.4%
- 12.0%
- 13.2%
- 7.2%
Show answer & explanation
Answer: C. 13.2%
Required return = 6% + 1.2 × (12% − 6%) = 6% + 7.2% = 13.2%.
NISM Series XIX-C 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 XIX-C mock test FAQs
How many questions are there in the NISM Series XIX-C exam?
The NISM Series XIX-C paper has 100 multiple-choice questions for 100 marks, to be completed in 180 minutes. This is the indicative pattern — always confirm it in the latest official notification.
Is there negative marking in NISM Series XIX-C?
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 XIX-C?
You need 60% to pass. Our mock tests show pass or fail against the same mark.
How many NISM Series XIX-C 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 XIX-C 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.