NISM X-B Investment Adviser Level 2 Practice Tests

This course contains the use of artificial intelligence.

Build confidence in the decisions behind NISM Series-X-B Investment Adviser Level 2 topics. Work through 420 original English practice questions in six tests: five focused 60-question tests and one 120-question mock. Each question includes an explanation, feedback for every alternative and a study tip.

Practise the planning decisions

• Insurance: estimate protection gaps, compare benefit triggers, evaluate policy facilities and apply stated service and legal rules.
• Retirement: align dated cash flows, inflation, pension offsets, accumulation choices, withdrawal access and survivor needs.
• Taxation: distinguish income categories, losses, deductions and rebates; assess capital gains, product receipts and corporate actions using explicit dates and assumptions.
• Estate planning: distinguish ownership, beneficial succession and administrative authority; reason through wills, gifts, nominations, guardianship and private trusts.
• Behaviour and integrated planning: identify the decision process behind a bias, assess real loss capacity, compare products consistently and resolve household funding constraints.

One complete structural rehearsal

The final test contains 90 standalone questions and six original caselets of five questions each, with a 180-minute time limit. Each case question repeats the information it needs, so you can reconstruct its answer without relying on another response. Its module marks follow the December 2025 workbook outline: insurance 25, retirement 30, taxation 20, estate planning 20, behaviour 10 and comprehensive planning 45.

Official-style manual score = correct standalone − 0.25 × wrong standalone + 2 × correct case questions − 0.5 × wrong case questions. Unanswered questions score zero; the official benchmark is 90/150. Udemy reports equal-weight accuracy and cannot reproduce that weighted, negatively marked score. Its displayed percentage is a learning measure, not an official result or pass prediction.

Use the stated version and conditions

Tax questions use the Income-tax Act, 1961 as amended through Finance Act 2025, consistent with the identified December 2025 workbook tax basis. Questions specify the relevant fiscal or assessment year where required, principally FY 2025–26 / AY 2026–27. This is a dated examination-practice basis, not a claim that the same section numbers or treatment govern every later transaction. Hypothetical product quotes, returns and tax assumptions are identified in the questions.

Start with focused tests, read the explanations even when your answer is correct, and then take the final mock in order. Use the official objectives and workbook to revisit weaker areas. This question course supports revision across the twenty chapters; it does not replace the workbook or provide a separate question for every listed sub-objective.

BrightRung Learning provides independent preparation. This course is not affiliated with, endorsed by or an official product of NISM, SEBI or IRDAI. It contains original practice scenarios, not actual examination questions. No pass, score or investment outcome is guaranteed.