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

Everything you need to pass the NISM Series XV (Research Analyst) certification: 830 practice questions covering the full 15-chapter 2026 syllabus, a detailed explanation on every question, 271 memory hooks, and 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
221 questions
DCF & intrinsic value · Relative valuation (P/E, P/B, EV/EBITDA)
Fundamental Analysis
221 questions
EIC framework · Reading financial statements
Research Report & Role
121 questions
Structure of a research report · Analyst responsibilities
Markets & Instruments
57 questions
Equity & debt instruments · Derivatives basics
SEBI / Regulations
83 questions
SEBI (Research Analysts) Regulations · Registration & eligibility
Corporate Actions
74 questions
Dividends & buybacks · Bonus issues & stock splits
Risk & Behaviour
73 questions
Systematic vs unsystematic risk · Risk measures (beta, SD)
Technical Analysis
98 questions
Chart types & trends · Support & resistance
Candidate preparing for the NISM XV exam

About the NISM Series 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). 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.