NISM Exam Pattern

Timing: Single composite 24-minute timer for both topic areas combined: no sectional lock.

The official NISM Series V-A exam has 100 questions of 1 mark each in 2 hours, with no negative marking and a 50% passing score, covering mutual fund concepts, regulation, taxation, and fund accounting and calculations. This mock covers only the calculation-based portion of the syllabus, NAV, returns, SIP, and compounding mathematics, since every answer there is independently verifiable by formula. It does not cover fund categorization rules, regulatory and compliance content, or taxation, since those change with SEBI and tax circulars and require accurate, current recall rather than calculation, the same content-risk boundary applied to this site's other finance and science-heavy sections. This mock matches a proportional 24-minute duration estimate for its 20 questions against the official 100-question, 120-minute exam. This mock shows a raw score; the official exam reports a percentage score against the 50% pass mark.