very important 'exam oriented' q&a’s for nism-series-ix: merchant banking certification exam guaranteeing 100% success
  • Number of Questions : Get 500 questions as per 2023 NISM exam. Study them annd clear the exam
  • Format :  Practice exams with Q&As and easy explanations / math solutions
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Exam and Question Bank details


Is there a study material available for preparing for this examination?

There are many websites which offer question banks (some offer even for free) , but what is important is the regular updating of the Q&As as per current exam pattern. NISMTOP500 offers mock tests for NISM XII exams which contain the latest 2023 questions. Once you use our online NISM question bank for NISM XII exam, you will realize that just by reading our Q&As, you can pass the exam easily. No wonder we can give you a 100% guarantee of passing the exam or refund.


The examination aims to enable a better understanding of various regulations in the Merchant Banking Domain. The examination also covers knowledge competencies related to the understanding of the financial structure in India and the importance of the different rules and regulations governing the Indian securities market.

On successful completion of the examination, the candidate should:

- Know the basics of the Merchant Banking in India.

- Understand the functioning of Merchant Bankers related to Issue Management Process, Substantial Acquisition of Equity Shares, Buyback of Equity Shares and Delisting of Shares.

- Know the regulatory environment in which the Merchant Bankers operates in India.


The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score on the examination is 60%. There shall be negative marking of 25% of the marks assigned to a question.


Chapter wise Weight age for NISM Series IX – Merchant Banking Certification Exam

Chapter 1 - Introduction to the Capital Market - 7%

Chapter 2 - Introduction to the Merchant Banking - 15%

Chapter 3 - Registration, Code of Conduct & General Obligations of Merchant Bankers in India – 15%

Chapter 4 - Issue Management – Important Terms – 5%

Chapter 5 - Issue Management – Process and Underwriting – 18%

Chapter 6 - Issue Management – General Obligations of Merchant Bankers and Due Diligence – 15%

Chapter 7 - Other Merchant Banking Activities - Mergers, Acquisitions & Takeovers – 15%