Free online practice test
NISM Mutual Fund Distributors Full Mock Test 1
NISM Series V-A: Mutual Fund Distributors Certification Examination
Simulate the complete Series V-A: Mutual Fund Distributors paper across 2 sections with exam-pattern scoring and timing.
Syllabus-checked original practice
Mapped to the official Series V-A: Mutual Fund Distributors syllabus and answer-checked on 15 August 2026.
View official pattern sourceScoring note: No negative marking. Raw score out of 20 shown here; the official exam reports a percentage score against a 50% pass mark instead.
Test-day essentials
Know before you start
- The timer starts as soon as you click "Start test" and the test auto-submits when time runs out.
- Mark questions for review and return to them while their section or timing group is still open.
- Your answers and timer deadline are saved on this device, so a refresh can resume safely.
- After submitting, review section and topic scores, explanations, and source links.
About this NISM Series V-A: Mutual Fund Distributors mock test
This free mock contains 20 original practice questions mapped to the NISM Series V-A: Mutual Fund Distributors syllabus and pattern. Every checked answer includes an explanation and a source record.
What the test covers
NAV and Returns Calculations
10 questions
SIP and Growth Calculations
10 questions
Scoring and result analysis
Correct answers earn 1 mark and wrong answers deduct 0 marks. Unattempted questions score zero. After submitting, you receive section-wise and topic-wise accuracy, time spent, answer explanations, and source links.
Frequently asked questions
Is this an official NISM question paper?
No. It is an independent practice mock containing original questions mapped to the official NISM Series V-A syllabus.
What is the passing score for NISM Series V-A?
50%. The official exam has 100 questions of 1 mark each in 2 hours, and you need 50 marks to pass.
How long is a NISM Series V-A certificate valid?
3 years from the date you pass the exam. You can renew it either by retaking and passing the exam again, or by completing NISM's Continuing Professional Education programme within the final 12 months before it expires.
Why does this mock cover only NAV and SIP calculations, not the full syllabus?
Those are the calculation-based portion of the syllabus, where every answer is independently verifiable by formula. Fund categorization rules, regulatory and compliance content, and taxation are excluded, since those change with SEBI and tax circulars and require accurate, current recall rather than calculation.
More NISM practice
2 other reviewed tests are published for this exam. The rest of this Series V-A: Mutual Fund Distributors stage comes first, then the other stages.
- NAV and Returns Calculations Sectional Test 1 · 10 questions
- SIP and Growth Calculations Sectional Test 1 · 10 questions