People search for NISM V-A previous year papers hoping to see the real questions. We are not aware of any official release of past NISM V-A papers, and the "PYQ" files that circulate on messaging apps are recalled questions of unknown accuracy or practice sets that were relabelled. Treat them with caution.
Regulatory and tax rules change, and NISM updates its workbook. A question recalled from an older sitting can teach you an answer that is out of date today, and you cannot check where the file came from. Recalled questions also tell you very little about how the real exam is balanced across chapters.
Every V-A question is based on NISM's workbook, which NISM provides as a free soft copy after you enrol. The paper is 100 one-mark questions weighted by chapter as published by NISM; see the chapter-wise weightage. That makes the useful equivalent of past papers a large, syllabus-mapped question bank that matches the real exam's style and weightage.
Free: chapter-wise practice questions for all 12 chapters, plus one free full-length mock (no login needed) drawn from a 2,000+ question bank. Rs 199: the study pack puts the question bank and condensed notes in one offline PDF, and a Rs 199 mock pack unlocks 8 more full-length mocks with chapter-wise analytics. Whichever material you use, check any regulatory or tax answer against your NISM workbook.
We are not aware of any official NISM release of past papers. Files that circulate online are unverified recalls.
Use them with caution. You cannot verify their source, and rules can change between exam sittings, so an old recalled answer may be out of date.
A syllabus-mapped question bank plus full-length timed mocks. BullWiser has free chapter-wise practice for all 12 chapters and one free full mock.
From NISM's workbook, weighted by the chapter weightage NISM publishes.
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