What is the passing mark for NISM Series X-B?

You need 60% to pass NISM-Series-X-B: Investment Adviser (Level 2). On a 150-mark paper that is 90 marks.

How long is the NISM Series X-B exam?

The exam runs for 180 minutes and carries 150 marks in total.

How long is the NISM Series X-B certificate valid?

NISM certifications are generally valid for 3 years from the date of passing, after which they must be renewed. Confirm the current position on nism.ac.in before your certificate lapses.

NISM Series X-B

Investment Adviser (Level 2)

The advanced adviser paper — portfolio construction, case-based advice and the regulatory duties of a registered adviser.

Exam pattern

Duration: 180 min
Total marks: 150
Pass mark: 60% (90)
Negative marking: 25%

There is negative marking of 25% of the marks for that question, so a wrong answer costs you 0.25 marks on a 1-mark question. Guess only when you can eliminate at least two options.

Syllabus and chapter weightage

Chapter weightages below are evenly distributed — this workbook does not publish a per-chapter table in a machine-readable form. Treat them as indicative.

7Concepts of Taxation5%
1Basics of Insurance5%
2Features of Life Insurance Products5%
3Features of non-Life Insurance Products5%
8Capital Gains5%
4Retirement Planning Basics5%
5Retirement Products5%
6Miscellaneous aspects of Retirement Planning5%
9Income from Other Sources5%
10Taxation of Debt Products5%
11Taxation of Equity Products5%
12Taxation of Other Products5%
13Tax provisions for Special Cases5%
14Basics of Estate Planning5%
15Tools for Estate Planning5%
16Basics of Behavioral Finance5%
17Behavioral Finance in practice5%
18Risk Profiling for Investors5%
19Comparison of Products across categories5%
20Case Studies5%

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Frequently asked questions

What is the passing mark for NISM Series X-B?: You need 60% to pass NISM-Series-X-B: Investment Adviser (Level 2). On a 150-mark paper that is 90 marks.
Is there negative marking in NISM Series X-B?: There is negative marking of 25% of the marks for that question, so a wrong answer costs you 0.25 marks on a 1-mark question. Guess only when you can eliminate at least two options.
How long is the NISM Series X-B exam?: The exam runs for 180 minutes and carries 150 marks in total.
How long is the NISM Series X-B certificate valid?: NISM certifications are generally valid for 3 years from the date of passing, after which they must be renewed. Confirm the current position on nism.ac.in before your certificate lapses.