NISM Series-X-B: Investment Adviser (Level 2) Practice Exam
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NISM Series-X-B: Investment Adviser (Level 2) Practice Exam
The NISM Series-X-B: Investment Adviser (Level 2) Certification Exam is offered by the National Institute of Securities Markets (NISM) in India. It validates the knowledge and skills required to provide investment advisory services to clients. Earning this qualification demonstrates a strong understanding of financial products, investment strategies, regulations, and ethical conduct within the investment advisory profession.
Who Should Take This Exam?
- Investment Advisers
- Partners of Investment Advisers
- Representatives of Investment Advisers
There are no formal prerequisites for taking the NISM Investment Adviser Level 2 exam. However, a foundational understanding of financial instruments, investment principles, and the Indian securities market would be beneficial.
Roles and Responsibilities
- Understanding client investment objectives, risk tolerance, and financial situation.
- Recommending suitable investment products based on client profiles.
- Developing and implementing personalized investment strategies.
- Monitoring client portfolios and providing ongoing investment advice.
- Ensuring adherence to ethical guidelines and regulatory requirements.
Exam Details
- Exam Format: Multiple-choice questions (6 caselets with 5 sub-questions each and 90 individual questions)
- Duration: 3 hours
- Passing Score: Minimum 60% of the total marks (with negative marking for incorrect answers)
Examination Objectives
On successful completion of the examination, the candidate should:
- Know the comprehensive financial planning in the context of households to apply the planning elements learnt in Level 1 Certification Examination.
- Understand the structure and performance of securities markets; importance of asset allocation and impact of the market movement on the assets performance.
- Know the practical aspect of product selection, portfolio construction, review and rebalancing based on clients need.
- Know the compliance, operations and service elements in investment advice.