NISM Series XXIV Previous Year Papers
No official past paper exists for Series XXIV. The published format and curriculum give you what one would have.
NISM does not publish previous year papers for Series XXIV, the AML and CFT Provisions in Securities Markets Certification Examination. It publishes none for any series. The exam runs on demand as a remote-proctored online test, and each paper is drawn from a question bank. A file titled as the 2025 or 2026 Series XXIV paper is not an NISM document.
You lose less than it sounds. NISM states the format (50 multiple-choice questions in 1 hour), publishes the 8-chapter curriculum, and gives the workbook away free with chapter-end sample questions. This page turns those into the paper you would have practised with.
About PDFs sold as real Series XXIV papers
Series XXIV is taken inside NISM's secure browser, with a live proctor on your webcam and a phone camera on your desk. A PDF sold as a real paper is at best a recollection, with no answer key you can trust. Do not pay for one.
What the Series XXIV paper looks like
Every fact below is from NISM's exam page. A past paper would add only question wording, which changes anyway.
| Item | Series XXIV |
|---|---|
| Questions | 50 multiple-choice questions, 1 mark each |
| Duration | 1 hour, about 72 seconds a question |
| Pass mark | 25 out of 50 (50%) |
| Wrong answer | No negative marking |
| Where | Remote proctored, from your own laptop or desktop; slot of your choice, no fixed exam date |
| Status | Non-mandatory awareness exam for employees of securities market intermediaries |
| Syllabus | 8 chapters on NISM's curriculum page |
The question each chapter produces
NISM publishes no chapter weightage, so ignore any site that prints one. What you can predict is the shape of the question; the lettered sub-topics on the curriculum page are the list of things that can be asked.
- check_circleChapter I, Introduction to AML, CFT and PF: the stages of money laundering in order, what separates terrorist financing and proliferation financing from laundering, and which global or Indian initiative did what.
- check_circleChapter II, Prevention of Money Laundering Act, 2002: who does what. Which authority receives reports from intermediaries, which investigates, which adjudicates, and what the Act says about records and reports.
- check_circleChapter III, the PML (Maintenance of Records) Rules, 2005: the numbers chapter. Which transactions are recorded and reported, how long records are kept, how soon a report reaches FIU-IND, and the digital KYC steps.
- check_circleChapter IV, Scheduled Offences: classification. What makes an offence scheduled, and which offences under the SEBI Act and the Companies Act sit in the Schedule.
- check_circleChapter V, AML, CFT and PF Guidelines: process questions. The risk-based approach, customer due diligence and when it is enhanced, and the screening for proliferation financing.
- check_circleChapter VI, SEBI Guidelines on AML, CFT and PF: the intermediary's duties. What a written AML procedure contains, who the Principal Officer and Designated Director are, when a suspicious transaction is reported.
- check_circleChapter VII, SEBI Guidelines for KYC Norms: what a KYC Registration Agency does, who the SARAL account opening form is for, and what an intermediary's online KYC app must offer.
- check_circleChapter VIII, PMLA related cases: eight named orders, from FIU-IND against Way2Wealth to FIU-IND against Bybit. The question gives the facts and asks what the intermediary failed to do, or names the case and asks which obligation it turned on.
Free account, this exam preselected.
How NISM Series XXIV tests this material
The paper tests whether you can place a rule in the right document. The first trap is the three-layer structure of the law: the Act of 2002, the Rules of 2005 under it, and SEBI's guidelines built on both. A question asks where a duty comes from, and the options mix up the three.
The second trap is the authority. FIU-IND, the Enforcement Directorate, SEBI and the adjudicating bodies each have one job. Only one fits the verb in the question: receives, investigates, adjudicates, registers. Read chapter II as a who-does-what table.
The third trap is the near-neighbour number. Thresholds, time limits and retention periods from the Rules appear beside the figure from the neighbouring rule. Learn chapter III by the figure, not the gist. There is no negative marking, so a blank is the only way to waste a guess.
How to practise without past papers
A past paper gives format, question style and a score. You can build all three.
- 1
Turn the curriculum into a question list
Write one question for every lettered sub-topic on NISM's curriculum page. Chapter VII gives you five and chapter VIII eight. This is the map NISM publishes, so your list covers everything the paper can ask.
- 2
Use the workbook's own questions first
NISM's FAQ for Series XXIV points candidates to the chapter-end sample questions and worked-out examples in the workbook. Do every one before touching a third-party set.
- 3
Build a who-does-what and how-long table
One sheet: every authority in chapters II and VI with its one job, and every threshold, time limit and retention period in chapter III with its rule. 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 50 questions in 1 hour, every question answered. Treat 25 out of 50 (50%) as the line and aim above it.
- 5
Fix the chapter, not the question
Group wrong answers by chapter. Two or more misses in one chapter means re-reading that chapter and the document behind it.
Checking a third-party question set
A set built for 100 questions, 2 hours or a negative mark was written for another exam. Sets that call this exam Securities Market Foundation have confused it with Series XII. The study-material page lists what to read alongside the workbook.
FAQs
Where can I download NISM Series XXIV previous year question papers?expand_more
Nowhere official. NISM does not release past papers or answer keys for any certification, including Series XXIV. Files offered under that name are third-party sets or recollections, not NISM documents.
Can I take the NISM Series XXIV exam from home?expand_more
Yes. NISM conducts Series XXIV only in remote-proctored mode: a laptop or desktop with webcam and microphone, NISM's secure browser, stable internet and a phone as a second camera. It cannot be taken on a phone or tablet.
What type of questions come in NISM Series XXIV?expand_more
50 multiple-choice questions of 1 mark each, no case-based section, no negative marking. Most test a definition, a duty under the PMLA or the Rules, a SEBI KYC or AML requirement, or the point one of the eight named cases turned on.
Is Series XXIV compulsory for my job?expand_more
No. NISM lists Series XXIV as a non-mandatory certification that aims to create awareness among employees of securities market intermediaries. An employer may still ask for it.
Next steps
Create a free accountFree study material and a free diagnostic test.