NISM XV Research Report & Analyst Role — Practice Questions
Questions on the research report, the role and responsibilities of a research analyst, disclosures and best practices for the NISM Series XV certification.
121 questions on Research Report & Role in the ScoreSetu bank — each with a detailed explanation and, where useful, a memory hook.
What this topic covers
- Structure of a research report
- Analyst responsibilities
- Disclosures & conflicts of interest
- Recommendation framework
Free sample questions
1. The primary role of a Research Analyst is to —
- A. only collect data
- B. only analyse data
- C. help clients make informed investment decisions ✅
- D. manage clients' portfolios
Answer: C — help clients make informed investment decisions
Why: An RA's core job is to analyse securities and produce research that helps investors make informed decisions — not merely to collect data, nor to manage portfolios (that is portfolio management).
💡 Analyse & advise — don't just collect, don't manage.
2. As per the SEBI (Research analyst) Regulations, who is qualified to be registered as a research analyst ?
- A. Only Graduates
- B. Only Post-Graduates
- C. Only Chartered Accountants
- D. All of the above are qualified ✅
Answer: D — All of the above are qualified
Why: As per the SEBI (Research Analysts) Regulations, 2014, amended up to 2024, all of the above are eligible to be registered as a research analyst. Prior to the amendment in 2024, graduates were not eligible for this.
💡 Qualification: post-2024 amendment, GRADUATES too are eligible -> 'All of the above'.
3. Which of these can lead to failure of a research report?
- A. Complicated language
- B. Inconsistent views
- C. Unnecessary details
- D. All of the above ✅
Answer: D — All of the above
Why: A few reasons for failure of a research report are : - Unnecessary details - Long sentences - No proper structure - Inconsistent views - Complex language
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