The NISM Series XV: Research Analyst Certification Examination is mandatory for all individuals registered or seeking registration as Research Analysts under SEBI (Research Analysts) Regulations, 2014. It covers fundamental analysis, technical analysis, valuation, and regulatory compliance for equity and debt markets.
Practice with 660+ questions based on the official NISM Series XV syllabus. Instant results, chapter-wise analysis, negative marking simulation.
Questions distributed per NISM Series XV syllabus. Valuation Principles, Financial Analysis, and Technical Analysis carry the highest weightage.
Experience real exam pressure with −0.25 per wrong answer. Learn when to skip and when to attempt — a critical skill for RA exam success.
Submit and get your score, pass/fail verdict, chapter-wise breakdown, and analysis of every question.
5 real-pattern case sets (20 questions) included in each exam — mirrors the actual NISM Series XV paper format with scenario-based MCQs.
120-minute countdown timer mirrors the actual NISM exam environment. Build time management skills before the real test.
15 dedicated chapter pages with 660+ questions. Study specific areas like Valuation, Technical Analysis, or Regulatory Environment separately.
| Ch. | Chapter | Marks | Questions in Bank | Weight |
|---|---|---|---|---|
| 1 | Introduction to Research Analyst Profession | 3 | 15 | |
| 2 | Introduction to Securities Market | 5 | 25 | |
| 3 | Terminology in Equity and Debt Markets | 5 | 25 | |
| 4 | Fundamentals of Research | 6 | 30 | |
| 5 | Economic Analysis | 6 | 30 | |
| 6 | Industry Analysis | 7 | 40 | |
| 7 | Company Analysis – Business & Governance | 6 | 35 | |
| 8 | Company Analysis – Financial Analysis | 10 | 60 | |
| 9 | Corporate Actions | 5 | 30 | |
| 10 | Valuation Principles | 10 | 60 | |
| 11 | Fundamental Analysis of Commodities | 5 | 30 | |
| 12 | Fundamentals of Risk and Return | 7 | 35 | |
| 13 | Qualities of a Good Research Report | 4 | 25 | |
| 14 | Legal and Regulatory Environment | 9 | 50 | |
| 15 | Technical Analysis | 12 | 70 | |
| Total | 100 | 660+ | 100% | |
Feedback from NISM Series XV aspirants who used BullWiser
"Cleared NISM Series XV on first attempt with 72%. The negative marking simulation is what made the real difference — I learned exactly when to skip and when to attempt."
"The case-based questions are exactly like the real exam. Most other platforms only have MCQs. BullWiser's 5 case sets per mock test gave me the right practice."
"Chapter-wise score breakdown after every test is incredibly useful. Identified I was weak in Valuation — focused my revision there and improved from 54% to 78% in 3 attempts."
"Free platform with 660+ questions based on actual NISM XV syllabus. The Technical Analysis and Financial Analysis chapters have the deepest question banks. Very useful."
NISM Series XV: Research Analyst Mock Exam
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