Net Asset Value, Total Expense Ratio and Pricing of Units Test

What this test covers

This mock samples the most-tested topics in the certification syllabus — fund structure, regulation, NAV mechanics, expense ratios, taxation and distributor conduct. Each question is calibrated to the difficulty distribution of the real NISM exam.

How it works

• Timer starts as soon as you begin. You can navigate forward and back between questions.
• Each question is scored independently. Negative marking is disabled in this practice test.
• Detailed explanations appear after you submit — for every correct answer and every wrong option.

What to expect

The full-length NISM Series V-A exam runs 120 minutes for 100 questions. Most aspirants underestimate how the time pressure changes their answer patterns. Sitting at least one full-length mock under real conditions tends to lift the actual exam score by 8–12 percentage points.