NISM Series X-B Practice coming soon Mandated by SEBI
NISM Series X-B: Investment Adviser (Level 2)
Preparation resources for the NISM NISM-Series-X-B Investment Adviser (Level 2) certification examination.
- Duration
- 180 min
- Questions
- 120
- Maximum marks
- 150
- Pass mark
- 60%
- Negative marking
- 25%
- NISM fee
- ₹3,000
Verified 13 Oct 2026 from NISM's official certification listing. Certificate valid 3 years. NISM currently lists all certification examinations as online, remote-proctored.
Structure: 90 multiple-choice questions (1 mark) plus 6 cases × 5 sub-questions × 2 marks.
Syllabus and chapter weightage
Workbook version: December 2025| # | Chapter | Actions |
|---|---|---|
| 1 | Basics of Insurance | |
| 2 | Life Insurance Products | |
| 3 | Non-Life Insurance Products | |
| 4 | Retirement Planning Basics | |
| 5 | Retirement Products | |
| 6 | Miscellaneous Aspects of Retirement Planning | |
| 7 | Concepts in Taxation | |
| 8 | Capital Gains | |
| 9 | Income From Other Sources | |
| 10 | Taxation of Debt Products | |
| 11 | Taxation of Equity Products | |
| 12 | Taxation of Other Products | |
| 13 | Tax Provisions for Special Cases | |
| 14 | Basics of Estate Planning | |
| 15 | Tools for Estate Planning | |
| 16 | Basics of Behavioural Finance | |
| 17 | Behavioural Finance in Practice | |
| 18 | Risk Profiling for Investors | |
| 19 | Comparison of Products Across Categories | |
| 20 | Case Studies |
NISM Series X-B: frequently asked questions
How many questions are there in the NISM Series X-B exam?
The NISM Series X-B exam has 120 questions for 150 marks, to be answered in 180 minutes. 90 multiple-choice questions (1 mark) plus 6 cases × 5 sub-questions × 2 marks.
What is the passing mark for NISM Series X-B, and is there negative marking?
You need 60% to pass. Each wrong answer costs 25% of the marks for that question, so guessing has a price.
What is the fee for the NISM Series X-B exam and how long is the certificate valid?
NISM lists the fee as ₹3,000. The certificate is valid for 3 years. NISM currently lists all certification examinations as online, remote-proctored.
Are these official NISM questions?
No. Integrato Digital is an independent practice platform and is not affiliated with or endorsed by NISM. Every question and lesson is original, written to the published NISM syllabus and test objectives.
Registering for the exam
Registration, scheduling, fees and certificates are handled only by NISM. Use the official page to register:
Official NISM Series X-B page on nism.ac.in
NISM also publishes the official workbook for each exam on its website. Our questions and notes are original and are written to complement it, not replace it.