NISM Series XVII Mock Test: Retirement Adviser
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 XVII exam
NISM Series XVII covers retirement planning — the pension landscape, NPS architecture and investment choices, exits and annuities, other retirement products, corpus estimation and taxation of retirement benefits.
Who should take it: Retirement advisers registered with PFRDA, NPS points-of-presence staff and financial planners who advise on retirement.
NISM Series XVII 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 XVII question bank
Our 50-question bank for NISM Series XVII covers every chapter below. Mock tests mix questions across all of them in the same proportion as the real paper.
- Retirement Planning: An Overview4 practice questions
- Pension Systems & Regulatory Framework (PFRDA)4 practice questions
- National Pension System – Architecture5 practice questions
- NPS – Investment Options & Fund Management4 practice questions
- NPS – Exit, Withdrawal & Annuity4 practice questions
- Other Retirement Products (EPF, PPF, SCSS, APY, MFs)5 practice questions
- Retirement Planning Process & Corpus Estimation7 practice questions
- Investment & Asset Allocation for Retirement4 practice questions
- Distribution Phase & Annuities4 practice questions
- Taxation of Retirement Benefits3 practice questions
- Health, Insurance & Estate Aspects in Retirement3 practice questions
- Ethics, Code of Conduct & Grievance Redressal3 practice questions
Free NISM Series XVII 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 trend has most increased the importance of individual retirement planning in India?
- Rising life expectancy combined with the shift towards nuclear families
- Falling life expectancy
- Universal defined-benefit pensions for all private employees
- A steady decline in healthcare costs
Show answer & explanation
Answer: A. Rising life expectancy combined with the shift towards nuclear families
People live longer and can rely less on joint-family support, so they must fund longer retirements themselves.
Under which law does the Pension Fund Regulatory and Development Authority (PFRDA) derive its statutory powers?
- The PFRDA Act, 2013
- The SEBI Act, 1992
- The Insurance Act, 1938
- The Employees' Provident Funds and Miscellaneous Provisions Act, 1952
Show answer & explanation
Answer: A. The PFRDA Act, 2013
PFRDA was given statutory status by the PFRDA Act, 2013, which governs NPS and its intermediaries.
What is a PRAN in NPS?
- A pension rate notified annually by the government
- A unique, portable Permanent Retirement Account Number allotted to each subscriber
- A product code for annuity plans
- A tax deduction certificate
Show answer & explanation
Answer: B. A unique, portable Permanent Retirement Account Number allotted to each subscriber
The PRAN stays with the subscriber across jobs and locations, making NPS portable.
In NPS, asset class 'G' invests primarily in:
- Central and State Government securities
- Equity shares
- Corporate bonds
- Alternative assets such as REITs and InvITs
Show answer & explanation
Answer: A. Central and State Government securities
NPS asset classes are E (equity), C (corporate debt), G (government securities) and A (alternative investments).
Which of the following is NOT a permitted ground for partial withdrawal from an NPS Tier I account?
- Buying a car
- Higher education of children
- Purchase or construction of a first residential house
- Treatment of specified critical illnesses
Show answer & explanation
Answer: A. Buying a car
Partial withdrawals are allowed only for specified needs such as children's education or marriage, a first home and critical illness; a car purchase is not one.
NISM Series XVII 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 XVII mock test FAQs
How many questions are there in the NISM Series XVII exam?
The NISM Series XVII 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 XVII?
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 XVII?
You need 60% to pass. Our mock tests show pass or fail against the same mark.
How many NISM Series XVII 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 XVII 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.