This practice question paper has been independently prepared solely for educational and self-assessment purposes. It is intended to help trainees understand the concepts covered under the NISM Series V-A: Mutual Fund Distributors Certification Examination syllabus.
- This material is not published, endorsed, approved, or certified by the National Institute of Securities Markets (NISM), SEBI, AMFI, or any other regulatory authority.
- The questions included in this practice paper are original practice questions created for learning purposes. They are not actual examination questions and should not be considered a representation of the official examination.
- Every effort has been made to align the questions and explanations with the latest NISM Series V-A curriculum and official study material available at the time of preparation. However, candidates are strongly advised to study the latest official NISM workbook and syllabus available on the official NISM website, as the curriculum, regulations, taxation provisions, and examination pattern may change from time to time.
- While reasonable care has been taken to ensure accuracy, the authors and publishers do not guarantee that this material is free from errors or omissions and shall not be held responsible for any loss or consequence arising from its use.
- This practice paper should be used only as a supplementary learning resource and should not replace the official NISM study material, circulars, or regulatory updates.
- Users are encouraged to verify important regulatory provisions, investment limits, taxation rules, and compliance requirements from the latest official publications before relying on them in professional practice or examinations.
- Reproduction, redistribution, or commercial use of this material, in whole or in part, without prior written permission of the author is prohibited.
© 2026 Mitresh Joshi. All Rights Reserved.
Prepared by:
Mitresh Joshi
Beyond the Candles
www.beyondthecandles.com