NISM XV Research Analyst Practice Tests: Defend the Thesis

This course contains the use of artificial intelligence.

A financial ratio is not a research conclusion until its earnings base, business context and evidence are understood. These NISM Series XV Research Analyst practice tests help you decide what supports a recommendation and when material new information requires it to change.

Practise instruments, economics, industries, governance and financial statements, then connect valuation, corporate actions, commodities and risk with report quality. Regulation and technical-analysis scenarios examine independence, conflicts, confirmation and execution limits rather than treating a signal as certainty.

The 400 questions comprise four focused 50-question sets and two 100-question, 120-minute mocks. Each mock uses 80 standalone questions and five case sets of four questions, with case facts repeated for independent reading. Every option has feedback, an overall rationale and a focused review prompt.

Use the topic sets to identify a calculation or evidence gap. Keep your workings, revisit the relevant official study material and then attempt a mock in one sitting. Explain the closest rejected alternative before repeating a case; a remembered answer is weaker evidence of learning than a defensible decision.

The scope is the revised XV examination effective January 20, 2026, not renewal or investment-adviser exams. Basic financial statements, securities and arithmetic are recommended. NISM deducts 0.25 for a wrong answer and requires 60/100; the practice platform does not apply that penalty, so separately calculate correct minus 0.25 times wrong. This independent resource is not endorsed by NISM or SEBI, provides no live exam items and does not guarantee a result.