NISM Series II-B Previous Year Papers
No official past paper exists for Series II-B. The published format and 15-chapter curriculum give you what one would have.
NISM does not publish previous year papers for Series II-B, the Registrars to an Issue and Share Transfer Agents (Mutual Fund) Certification Examination, often searched as NISM 2B. It publishes none for any series. The exam runs on demand all year at test centres, and each candidate gets a paper drawn from NISM's question bank. There is no annual paper to release, so a file titled as the 2024 or 2025 Series II-B paper is not an official document.
You lose less than it sounds. NISM states the paper's structure, publishes the 15-chapter curriculum with every sub-topic, and gives the workbook away free. This page lays that out and shows how to practise against it.
You save ₹400
- Full-length mock tests
- Chapter-wise question bank
- AI study plan
One payment, no subscription · Valid for 1 month
About the PDFs that claim to be real papers
Files sold or shared as leaked or memory-based Series II-B papers are recollections at best, with no answer key you can trust and often an older curriculum. NISM's re-evaluation policy says no question or answer is ever disclosed, because the confidentiality of the question bank is the essence of the exam. Do not pay for such a file or use one as your only check on readiness.
What the Series II-B paper looks like
Every fact below is from NISM's exam page.
| Item | Series II-B |
|---|---|
| Questions | 100 multiple-choice questions, 1 mark each |
| Total marks | 100 |
| Duration | 2 hours |
| Pass mark | 50 out of 100 (50%) |
| Wrong answer | No deduction. NISM states there is no negative marking |
| Where | NISM test centre, slot of your choice, no fixed exam date |
| Syllabus | 15 chapters on NISM's curriculum page |
The question each chapter block produces
NISM publishes no chapter weightage, so ignore any site that prints one. What you can predict is the shape of the question each chapter produces.
- check_circleChapters I to IV, securities basics: identify an instrument from a one-line description, such as what a warrant gives its holder or how an ETF differs from an index fund.
- check_circleChapter V, SEBI: who-does-what questions on the SEBI Act 1992 and the investor protection regulations.
- check_circleChapters VI and VII, the RTA and its regulations: definitions and duties. What an Official Point of Acceptance is, what makes an RTA a Qualified RTA, what SEBI's RTA regulations and the cyber security framework ask of a QRTA.
- check_circleChapters VIII to X, mutual fund basics, structure and products: the roles of sponsor, trustee, AMC and custodian; open ended against close ended; total expense ratio; scheme documents.
- check_circleChapter XI, operational concepts: the calculation chapter. How NAV is computed, which NAV applies to a transaction, cut-off times and time stamping.
- check_circleChapter XII, investors: who can invest and what paperwork each type needs. KYC, nomination, FATCA and CRS, the Investor Charter.
- check_circleChapter XIII, banking operations: allowed payment modes, the bank accounts a fund maintains and third party verification.
- check_circleChapters XIV and XV, financial and non-financial transactions: the largest block of process questions. Purchase, redemption, switch and systematic transactions with their turnaround times; then change of bank details, transmission of units, pledge and lien, and MITRA.
Free account, this exam preselected.
How NISM Series II-B tests this material
The paper is an operations exam. Most questions test a precise rule, timeline or document from the daily work of an RTA: how many days a redemption payout may take, which NAV a late application gets. The options are usually near-neighbours: the right rule, the rule for a related transaction, an older rule, and a plausible invention.
The second trap is the role question: is the AMC, the trustee, the RTA or the investor responsible? Chapters IX, XIII, XIV and XV each hand duties to a different party. While revising, mark every sentence that says what the RTA does; those sentences are the paper.
There is no negative marking, so the third trap is leaving a question blank. Answer every question, then use the spare time to recheck the chapter XI and XIV questions where one word in an option changes the answer.
How to practise without past papers
A past paper would give you the format, the question style and a score. You can build all three.
- 1
Turn the curriculum into a question list
Write one question for every sub-topic under every chapter on NISM's curriculum page. Chapter XV alone lists 14.
- 2
Use the workbook's own questions first
NISM's FAQ points candidates to the chapter-end sample questions and worked examples in the workbook as the official practice. Do every one before touching third-party sets.
- 3
Write your own near-neighbour options
For every timeline or cut-off in the workbook, note the figure for the nearest related transaction. Those pairs are the options the paper uses.
- 4
Sit timed sets at the real format
A practice set is useful only if it is 100 questions in 2 hours, scored 1 mark per right answer and nothing off for a wrong one. Treat 50 out of 100 (50%) as the line and aim for a margin above it; a test-centre paper always feels harder than one at your desk.
- 5
Fix the chapter, not the question
Group your wrong answers by chapter. Two or more misses in one chapter means re-reading that chapter, not memorising the questions.
Checking a third-party question set
Compare a set's stated format with the table above. A set that deducts marks for wrong answers, or runs to a different question count or duration, was written for another exam or an older pattern. Series II-A, the corporate RTA exam, is the usual mix-up.
FAQs
Where can I download NISM Series II-B previous year question papers?expand_more
Nowhere official. NISM does not release past papers or answer keys for any certification, including Series II-B. Files offered under that name are recollections or third-party sets.
Does NISM repeat questions in the RTA Mutual Fund exam?expand_more
Each paper is drawn from a question bank, so two candidates on the same day can see different questions. Topics repeat because the curriculum is fixed; wording does not.
What type of questions come in NISM Series II-B?expand_more
100 multiple-choice questions of 1 mark each, with no negative marking; NISM lists no case-based section for this series. Most test a definition, a transaction rule, a timeline or an RTA's duty from the 15 curriculum chapters.
Is the NISM 2B exam easy?expand_more
NISM publishes no pass rate. The structure is kinder than most NISM papers: no negative marking and a 50% pass mark. The difficulty is volume: 15 chapters of process detail recalled exactly.
Can I take the NISM Series II-B exam from home?expand_more
No. NISM lists Series II-B as a test-centre exam, not a remote-proctored one. You book a centre, date and slot through the certification portal; there is no fixed exam date.
Access exam-specific mock tests directly from your Android device.Trusted by learners and rated 4.6★ on Google Play.