NISM Series XXIV mock test
AML and CFT Provisions in Securities Markets Certification Examination
The practice paper
Before you start
- 50 questions, 60 minutes. 1 mark each, no negative marking — the same rules the real paper uses, so a blank costs exactly what a wrong answer does.
- Questions are drawn to the syllabus weightages we have derived, because NISM publishes none for this examination.
- You can flag a question and come back to it. The clock does not stop.
- Nothing is saved. Close the tab and the attempt is gone.
The real examination
A practice paper for the AML and CFT certification — the Prevention of Money Laundering Act and its Rules, the FATF standard, SEBI’s guidelines for intermediaries, KYC norms, and what enforcement and laundering typologies actually look like in a securities market. Fifty questions in an hour, no negative marking, pass at 25.
- Questions
- 50
- Duration
- 60 min
- Pass mark
- 25/50
- Negative marking
- None
The certificate is valid for 3 years. This certification covers the anti money laundering and counter terrorist financing obligations that apply to registered intermediaries and their staff in the securities market, and is taken by compliance and operations personnel who discharge them.
Syllabus and weightages
Eight units, weighted as we have derived them — NISM publishes no weightage table for this examination. SEBI Guidelines for AML Standards, CFT and Proliferation Financing alone is 26% of the paper — worth knowing before you decide where your week goes.
| Unit | Weight | Questions |
|---|---|---|
| 1. Introduction to AML, CFT and Proliferation Financing | 12% | 6 |
| 2. Prevention of Money Laundering Act, 2002 | 14% | 7 |
| 3. Prevention of Money-laundering (Maintenance of Records) Rules, 2005 | 7% | 4 |
| 4. Scheduled Offences | 5% | 3 |
| 5. AML, CFT and Proliferation Financing Guidelines | 5% | 2 |
| 6. SEBI Guidelines for AML Standards, CFT and Proliferation Financing | 26% | 13 |
| 7. SEBI Guidelines for KYC Norms in the Securities Market | 12% | 6 |
| 8. PMLA in Practice — Enforcement and Securities Market Typologies | 19% | 9 |
Common questions
Is this the actual NISM examination?
No. It is a practice paper written by CAPITA1 from the syllabus NISM publishes. The real examination is conducted by NISM and can only be taken through them.
Does passing this get me certified?
No. Only NISM certifies, through its own examination. This tells you where you stand before you book it.
What score do I need in the real exam?
25 out of 50, which is 50%. There is no negative marking, so an unanswered question and a wrong one cost the same — there is never a reason to leave one blank.
Do I get the same questions each time?
No. A fresh paper is drawn from the bank each attempt, weighted to the same syllabus split.