4 articles
Time Value of Money is the highest-weighted early chapter in NISM X-A at 10 marks, and it's almost entirely calculation-based. Here's the exact formula set to memorize and the calculator-shortcut mistakes that cost candidates marks.
Chapter 4 of NISM X-A tests how well you understand loan structures, EMI calculations, and good vs. bad debt — 9 marks, with the highest number of case-based question sets of any early chapter in the syllabus.
Chapter 3 of NISM X-A covers cash flow statements, budgeting, and the ratios advisers use to assess a client's financial health — 9 marks that examiners like to test through case-based scenarios rather than direct definitions.
Chapter 1 of NISM Series X-A carries 9 marks and lays the foundation for the entire Investment Adviser Level 1 syllabus. Here's what actually shows up in the exam — the financial planning process, life-cycle stages, and the adviser's fiduciary role.