NISM X-B Level 2 Practice Tests: Plan, Calculate & Advise

This course contains the use of artificial intelligence.

A sound planning answer depends on dated cash flows, product conditions, legal authority and the client's constraints. These NISM-Series-X-B Investment Adviser Level 2 practice tests help you connect those facts before calculating or choosing a recommendation.

Integrate the planning areas

Practise insurance gaps and policy conditions, retirement accumulation and withdrawals, taxation, estate planning, succession, behavioural biases and integrated household decisions. Questions distinguish ownership from administrative authority, a tax deduction from a rebate, and a nominal cash flow from its real purchasing value.

Every option includes feedback, with an overall explanation and study tip. Numerical scenarios identify relevant dates and assumptions. Use the explanations to reconstruct the calculation and explain why the nearest alternative omits a condition or applies the wrong rule.

The 420 questions comprise five focused 60-question tests and one 120-question mock with a 180-minute timer. Study a weak topic first, then take the mock in order: 90 standalone questions followed by six five-question cases.

For an exam-style self-check, calculate standalone correct minus 0.25 times standalone incorrect, plus twice case correct minus 0.5 times case incorrect; blanks score zero. Compare with 90/150. the practice platform’s equal-item percentage does not reproduce weighted negative marking.

The preparation basis is the December 2025 workbook applicable from February 12, 2026; tax scenarios use its stated Income-tax Act 1961/Finance Act 2025 basis and specified years. Financial-planning foundations and a calculator are recommended. This independent educational resource is not personal investment or tax advice and contains no official questions or NISM endorsement.