The NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination is mandatory for individual investment advisers and principal officers of non-individual investment advisers registered under SEBI (Investment Advisers) Regulations, 2013. Both Level 1 (X-A) and Level 2 (X-B) must be cleared to fulfil the registration requirement. It covers risk management, insurance, retirement planning, taxation, estate planning, behavioral finance, and comprehensive financial advice.
Practice with 700+ questions based on the official NISM Series X-B syllabus. Instant results, chapter-wise analysis, negative marking simulation.
Questions distributed per NISM Series X-B syllabus. Retirement Planning, Taxation, and Comprehensive Financial Advice carry the highest weightage.
Experience real exam pressure with −25% per wrong answer. Learn when to skip and when to attempt — a critical skill for IA exam success.
Submit and get your score, pass/fail verdict, chapter-wise breakdown, and analysis of every question.
9 real-pattern case sets (45 sub-questions, mixed 1-mark and 2-mark) included in each exam — mirrors the actual NISM Series X-B paper format with scenario-based MCQs.
180-minute countdown timer mirrors the actual NISM exam environment. Build time management skills before the real test.
700+ questions across all 20 chapters. Covers insurance, retirement planning, taxation, estate planning, behavioral finance, and comprehensive financial advice in depth.
| Ch. | Chapter | Marks | Questions in Bank | Weight |
|---|---|---|---|---|
| 1 | Basics of Insurance | 8 | 35 | |
| 2 | Features of Life Insurance Products | 10 | 45 | |
| 3 | Features of Non-Life Insurance Products | 7 | 30 | |
| 4 | Retirement Planning Basics | 10 | 45 | |
| 5 | Retirement Products | 12 | 50 | |
| 6 | Miscellaneous Aspects of Retirement Planning | 8 | 30 | |
| 7 | Concepts of Taxation | 3 | 20 | |
| 8 | Capital Gains | 5 | 30 | |
| 9 | Income from Other Sources | 2 | 15 | |
| 10 | Taxation of Debt Products | 4 | 25 | |
| 11 | Taxation of Equity Products | 4 | 25 | |
| 12 | Taxation of Other Products | 1 | 15 | |
| 13 | Tax Provisions for Special Cases | 1 | 15 | |
| 14 | Basics of Estate Planning | 10 | 40 | |
| 15 | Tools for Estate Planning | 10 | 40 | |
| 16 | Basics of Behavioral Finance | 5 | 25 | |
| 17 | Behavioral Finance in Practice | 5 | 25 | |
| 18 | Risk Profiling for Investors | 10 | 35 | |
| 19 | Comparison of Products across Categories | 10 | 35 | |
| 20 | Case Studies | 25 | 30 | |
| Total | 150 | 610+ | 100% | |
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NISM Series X-B: Investment Adviser (Level 2) Mock Exam
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