NISM Series X-A: Investment Adviser (Level 1) — Free Online Mock Test

NISM Series X-A exam at a glance

NISM Series X-A key facts & eligibility

Who is eligible for NISM Series X-A?

Taken by individual investment advisers, and principal officers or persons associated with investment advice at non-individual advisers.

Last verified July 2026 against NISM — Investment Adviser (Level 1). Always confirm current details on the official website before you register.

NISM Series X-A section breakdown

The NISM Series X-A mock test on Wrexa Edge replicates the real exam's section structure — same names, same question count per section, same time limits. No inter-section breaks — the timer runs continuously.

• NISM Series X-A (50 Q)
  50 questions · 90 minutes · ~108 sec/question

NISM Series X-A scoring & marking scheme

Strategy: NISM Series X-A has no negative marking. Attempt every question — blank answers cost you potential marks but cannot pull your score down.

Scale: NISM Series X-A (pass 700/1000).

How NISM Series X-A is conducted

• Mode
  Proctored — Wrexa Edge mirrors this with a webcam-based proctoring flow (face detection, room scan, fullscreen lock, tab-switch detection).
• Test format
  Linear / fixed-form — every candidate sees the same number of questions per section.
• Backtracking
  Allowed — you can revisit and change answers within a section.
• Mark for review
  Available — flag tough questions and return to them before submitting the section.

NISM Series X-A time strategy

With 50 questions in 90 minutes, you have about 108 seconds per question on average. Successful candidates aim for the following pacing on each section:

• NISM Series X-A (50 Q)
  Target ~108 sec/question. If a question takes more than 162 seconds, mark for review and move on.

Wrexa Edge's analytics show your actual time-per-question after every mock so you can spot which sections you're losing time on.

NISM Series X-A topics covered

Across the 50 Wrexa Edge variants of NISM Series X-A, the following topics appear most often (sample distribution from one variant):

NISM Series X-A (50 Q)

• Equity derivatives · 8
• Research · 6
• Technical analysis · 5
• Instruments · 4
• Mutual funds · 4
• Depository · 4
• Primary market · 3
• Interest-rate derivatives · 3

NISM Series X-A difficulty calibration

Advanced tier. Advanced-level: high-stakes exam with rigorous content depth. Expect 4-8 months of structured prep.

NISM Series X-A: Investment Adviser (Level 1) · MCQ. Reasoning, quantitative aptitude, English, general/financial awareness & computer knowledge. · Official language: English & Hindi.

Verified content — Wrexa Edge's NISM Series X-A bank has been deeply curated with real exam-aligned content (estimated 100% syllabus coverage).

How Wrexa Edge prepares you for NISM Series X-A

• Real test-day interface
  Our cert skin mirrors the actual NISM Series X-A testing software — same timer, palette, tools, and navigation.
• 50 distinct variants
  2500 unique practice questions, each variant a fresh test — not just shuffled options.
• Detailed analytics
  Scaled score, section accuracy, topic-wise heatmap, time-per-question — see where to focus after every attempt.
• Spaced repetition (Notebook)
  Wrong answers and flagged questions flow into an SM-2 spaced-repetition deck so you actually retain what you learn.
• Optional proctoring
  Browser-based face-api detection (no install) — turn it on to simulate real NISM Series X-A test-day conditions.
• Free to start
  No credit card. Sign up, pick a variant, and your first NISM Series X-A mock starts in under a minute.

Expert take: what NISM Series X-A really tests

The NISM Series X-A: Investment Adviser (Level 1) Certification Examination, from NISM (SEBI’s educational body), is mandatory for investment advisers under the SEBI (Investment Advisers) Regulations, 2013; both Level 1 (X-A) and Level 2 (X-B) must be passed to register. It has 135 questions (90 multiple-choice plus 9 caselets) for 150 marks in 3 hours, with 25% negative marking and a passing score of 60% (90 of 150 marks). The certificate is valid for 3 years.

NISM Series X-A study plan

A phase-by-phase roadmap from your first concept to test-ready. Stretch or compress each phase to fit the time you have before your attempt.

Where NISM Series X-A can take you

A strong NISM Series X-A result opens up these careers and higher-study paths:

• Investment Adviser (Level 1)
  Series X-A is the first of the two exams required to register as an Investment Adviser.
• SEBI-registered advice
  Both X-A and X-B are needed for IA registration.

Best books & official prep for NISM Series X-A

• NISM Series X-A workbook — NISM
  Official workbook for Investment Adviser Level 1.
• Investment Adviser (Level 1) practice tests — Various
  135 questions for 150 marks; pass 60%.

Official practice: Study the official NISM Series X-A workbook, practising caselets; the passing score is 60% (90/150) with 25% negative marking. Both X-A and X-B are needed to register as an Investment Adviser.

Previous-year papers: NISM publishes the workbook and sample questions.

Frequently asked questions

What is the NISM Series X-A exam pattern?

NISM Series X-A: Investment Adviser (Level 1) contains 50 questions across 1 section: NISM Series X-A (50 Q). Total duration is 90 minutes (about 108 seconds per question).

Does NISM Series X-A have negative marking?

No — NISM Series X-A has no negative marking. Each correct answer is worth 1 mark, so attempt every question.

How is NISM Series X-A scored?

Scaled score range: 100 to 1000. NISM Series X-A (pass 700/1000).

How can I practise NISM Series X-A online for free?

Wrexa Edge gives you 10 free full-length NISM Series X-A mock tests — with instant scoring, detailed explanations and analytics — plus 40 more with Pro. Start practising in under a minute, no card required.

What is the difficulty level of NISM Series X-A?

NISM Series X-A is rated Advanced difficulty on Wrexa Edge. Advanced-level: high-stakes exam with rigorous content depth. Expect 4-8 months of structured prep. NISM Series X-A: Investment Adviser (Level 1) · MCQ. Reasoning, quantitative aptitude, English, general/financial awareness & computer knowledge. · Official language: English & Hindi.

How long is the NISM Series X-A exam?

NISM Series X-A runs for 90 minutes total. On Wrexa Edge the timer is enforced exactly as on the real exam — including no inter-section breaks.

What topics are covered in NISM Series X-A?

NISM Series X-A is split into: NISM Series X-A (50 Q). Each section is timed and weighted separately. NISM Series X-A: Investment Adviser (Level 1) · MCQ. Reasoning, quantitative aptitude, English, general/financial awareness & computer knowledge. · Official language: English & Hindi.

What tools or aids are allowed during NISM Series X-A?

No special tools are required. Note: real exam is proctored — Wrexa Edge mirrors this with a webcam-based proctoring flow you can enable.

Is the NISM Series X-A test adaptive?

No — NISM Series X-A is a fixed-form (linear) test. Every candidate sees the same number of questions per section.

How many NISM Series X-A mock tests does Wrexa Edge offer?

Wrexa Edge generates 50 distinct NISM Series X-A variants — each with different question content, not just shuffled options — the first 10 free for everyone and 40 more with Pro. That's 2500 unique practice questions in the real test-day interface.

Is there a free NISM Series X-A test series 2026?

Yes. The Wrexa Edge NISM Series X-A test series for 2026 gives you 10 free full-length mock tests (50 in total) plus subject-wise and topic-wise tests — instant scoring and detailed analysis, no card required.

Are NISM Series X-A previous year question–style papers included?

Every NISM Series X-A mock is modelled on the official exam pattern and the style of previous years' papers — the same 50-question structure, sections and marking — so your practice mirrors the real paper you'll sit.

Which is the best free NISM Series X-A mock test online?

Wrexa Edge's NISM Series X-A mock test replicates the real exam interface, timing and marking scheme, with instant score, section-wise analysis and 50 fresh variants — a strong free choice for 2026 preparation.

Can I take the NISM Series X-A mock test on mobile?

Yes. NISM Series X-A mock tests run in any browser on mobile, tablet or desktop — no app or download needed. Start on your phone and your progress and analytics sync when you sign in.

What is the NISM Series X-A syllabus?

The NISM Series X-A syllabus maps to its 1 section: NISM Series X-A (50 Q). Wrexa Edge's mock tests cover the complete syllabus topic by topic — see the topics-covered breakdown above — so you practise every area at real exam difficulty.

What is the eligibility for NISM Series X-A?

Eligibility for NISM Series X-A — age, qualification and number of attempts — is set by the official conducting body and can change each cycle, so always confirm the current official notification before applying. Wrexa Edge focuses on realistic NISM Series X-A practice: 10 free full-length mocks in the exact exam pattern, ready whenever you are.

When is the NISM Series X-A exam and how should I prepare?

Official NISM Series X-A exam dates are announced by the conducting body for each cycle — check the latest notification for the current schedule. To be ready, follow a phased study plan and take full-length timed mocks; Wrexa Edge gives you 10 free NISM Series X-A mocks with instant scoring so you can track your readiness week by week.

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• Exam calendar 2026

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