NISM Series XV: Research Analyst — Practice Questions & Mock Tests

830 practice questions covering the full 8-unit syllabus, a detailed explanation on every question, 429 memory hooks, and 4 full-length real-feel timed mock exams. The pass mark is 60% — we help you get there.

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Practice by topic

Valuation & Ratios
226 questions · 24 marks
DCF & intrinsic value · Relative valuation (P/E, P/B, EV/EBITDA)
Fundamental Analysis
251 questions · 29 marks
EIC framework · Reading financial statements
Research Report & Role
124 questions · 6 marks
Structure of a research report · Analyst responsibilities
Markets & Instruments
63 questions · 4 marks
Equity & debt instruments · Derivatives basics
SEBI / Regulations
93 questions · 10 marks
SEBI (Research Analysts) Regulations · Registration & eligibility
Corporate Actions
75 questions · 5 marks
Dividends & buybacks · Bonus issues & stock splits
Risk & Behaviour
76 questions · 7 marks
Systematic vs unsystematic risk · Risk measures (beta, SD)
Technical Analysis
98 questions · 15 marks
Chart types & trends · Support & resistance

Question sets

Practice — 18 sets, 430 questions with instant feedback →Real-feel exams — 4 full-length timed papers, scored to the 60% pass mark →
Candidate preparing for the NISM Series XV: Research Analyst exam

About the NISM XV exam

The NISM Series XV: Research Analyst Certification Examination is mandated by SEBI for individuals working as research analysts. It tests knowledge of securities markets, fundamental and technical analysis, valuation, regulations and the role of a research analyst.

The exam has 80 multiple-choice questions plus 5 case studies (4 questions each) for 100 marks, a duration of 2 hours, a passing score of 60%, and negative marking of 25% (0.25 mark deducted per wrong answer). The certificate is valid for 3 years. ScoreSetu's question bank mirrors this format so your preparation feels like the real thing.

📘 Download the official NISM Series XV: Research Analyst workbook (PDF, February 2026) — the full 342-page syllabus material, free.

Other certifications on ScoreSetu

NISM Series XII: Securities Markets Foundation →NISM Series V-A: Mutual Fund Distributors →NISM Series VIII: Equity Derivatives →NISM Series V-B: Mutual Fund Foundation →NISM Series V-C: Mutual Fund Distributors (Level 2) →NISM Series V-D: Mutual Fund – Specialized Investment Fund Distributors →