NISM Series XV Research Analyst Exam Practice & Mock Test

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NISM Exam Preparation Guide for NISM-Series-XV: Research Analyst Certification Exam with 900+ Question Bank Practice Test & Mock Test. Mastering the NISM Exams with 900+ Question Bank

ABOUT THIS MOCK TEST

The NISM Exam Preparation Guide for NISM-Series-XV: Research Analyst Certification Exam Practice Test & Mock Test series is meticulously crafted resource covers all the essential test objectives, ensuring a thorough understanding of the exam content. Within the test, learners will find comprehensive 900+ Practice Question Bank. At end of each test the correct answers along with explanations and knowledge area from which the question comes also given to help learners strengthen their exam preparation.

There are FIVE Mock Tests, with 155 questions each To help individuals gauge their current level of knowledge and further enhancement of confidence for real NISM exam. Mock Tests in this series are specially designed Learning Outcome wise & Test Objective wise as outlined by NISM for each chapter. This mock test guide aims to equip learners with a comprehensive understanding of Portfolio Management and the relevant expertise needed for success in NISM-Series-XV: Research Analyst Certification Exam. TEST OBJECTIVES, KNOWLEDGE AREA & LEARNING OUTCOME COVERED ON THIS TEST Given below.

This Mock Test is part of Author’s NISM Exam Prep Guide book with 2000+ Question bank along with Case-based questions.

BOOK NAME:

NISM Exam Preparation Guide for NISM-Series-XV: Research Analyst Certification Exam with 2000+ Question Bank Practice Test & Mock Test | Mastering the NISM Exams with 2000+ Question Bank with Case-Based Questions

The book is available on all major eCom Platforms like Amazon / Flipkart etc. However it also available with surprise discount offer at Publisher’s site along with free shipping option. Visit the Author’s website to avail this special limited period discount offer and use code: FIRST100

NISM Reference Workbook used to prepare this mock test: Workbook Version: May 2023

EXPLANATIONS: Double Power for Your Success!!

Apart from HINTS, another tool is given to you for your success in NISM-Series-XV: Research Analyst Certification Exam is Explanations along with correct answers for all tests. After each test the correct answer sheet is given along with Explanations, which are crucial for learners for several reasons:

Understanding the Concept: Explanations provide a deeper understanding of the underlying concept or principle for each test objective of NISM-Series-XV: Research Analyst Certification Exam. Learners can grasp not just the answer but the reasoning and logic behind it.

Clarification of Doubts: Learners may have misconceptions or doubts about certain Learning Outcome required to achieve through NISM-Series-XV: Research Analyst Certification Exam. Explanations help address these doubts, ensuring that learners have a clear and accurate understanding.

Application of Knowledge: Explanations show how the learned concept is applied in a particular context in NISM-Series-XV: Research Analyst Certification Exam. This helps learners see the practical relevance of the knowledge and how it can be used in real-world situations.

Critical Thinking: By providing explanations, learners are encouraged to think critically about the subject matter for NISM-Series-XV: Research Analyst Certification Exam. They can analyze the information, connect it to other concepts, and develop a more comprehensive understanding.

Most Imp. Retention and Memory: Understanding the 'why' behind an answer enhances memory retention. Learners are more likely to remember information when they understand the reasons and logic behind it, rather than memorizing isolated facts. This will surely be an advantage for NISM-Series-XV: Research Analyst Certification Exam.

Building Confidence: Clear explanations build confidence in learners before they go for final NISM-Series-XV: Research Analyst Certification Exam. When they understand the material thoroughly, they feel more confident in their ability to apply their knowledge in different situations.

Explanations play a vital role in the learning process by providing clarity, fostering understanding, and empowering learners to apply their knowledge effectively for sure success in real NISM-Series-XV: Research Analyst Certification Exam. They transform learning from a memorization task into a meaningful and engaging exploration of concepts.

TEST OBJECTIVES, KNOWLEDGE AREA & LEARNING OUTCOME COVERED ON THIS TEST

1. Introduction to Research Analyst Profession

2. Introduction to Securities Market

• Hybrids/Structured Products

• Introduction To Securities Market

• Market Participants And Their Activities

• Meaning Of Securities And The Functions Of Securities Market

• Product Definitions / Terminology

• Retail Participants

• Secondary Market

• Trading, Hedging, Arbitrage, Pledging Of Shares

3. Terminology in Equity & Debt Markets

• Terminology In Debt Market

• Terminology In Equity & Debt Markets

• Terminology Used In Equity Markets

• Types Of Bonds

4. FUNDAMENTALS OF RESEARCH

• Behavioral Approach To Equity Investing

• Fundamental Analysis

• Fundamentals Of Research

• Investing Activity And Various Approaches To Investing

• Quantitative Research

• Technical Analysis

• The Role Of Research In Investment Activity

5. Economic Analysis

• FDI& FPI

• Fiscal Policies And Their Impact On Economy

• Inflation (Consumer/Wholesale Price Indices) And Interest Rate

• International Trade, Exchange Rate And Trade Deficit

• Monetary Policies And Their Impact On Economy

• Role Of Economic Analysis In Fundamental Analysis

• Savings And Investments

• Seasonal Trends

• Sources Of Information For Economic Analysis

• Unemployment Rate

• Various Macroeconomic Variables

6. Industry Analysis

• Boston Consulting Group (BCG) Analysis

• Business Life Cycle

• Direct Taxes

• Indirect Taxes

• Industry Analysis

• Key Industry Drivers And Industry KPIs

• KPIs For Select Industries

• Market Sizing And Trend Analysis

• Michael Porter’S Five Force Model For Industry Analysis

• Other Taxes

• Pestle Analysis

• Regulatory Environment/Framework

• Role Of Industry Analysis In Fundamental Analysis

• Secular Trends, Value Migration And Business Life Cycle

• Structure Conduct Performance (Scp) Analysis

• Understanding Industry Cyclicality

• Understanding The Industry Landscape

• Value Migration

7. Company Analysis- Business & Governance

• Competitive Advantages/Points Of Differentiation Over The Competitors

• ESG Framework For Company Analysis

• Evaluating Corporate Governance

• Evaluating Management Competency

• Evaluating Promoter Holdings

• History Of Credit Rating

• Pricing Power And Sustainability Of This Power

• Risks In The Business

• Role Of Company Analysis In Fundamental Research

• Sources Of Information For Analysis

• Swot Analysis

• Understand Business And Business Models

8. Company Analysis- Financial Analysis

• Balance Sheet

• Balance Sheet Metrics

• Changes In Shareholder’S Equity & Basics Of Cash Flows

• Common Profit And Loss Account Line Items

• Company Analysis- Financial Analysis

• Dupont Analysis

• Efficiency Ratios

• Financial Statement Analysis Using Ratios

• Forecasting Using Ratio Analysis & Peer Comparison

• Important Points To Keep In Mind While Looking At Financials

• Introduction To Financial Statement

• Key Metrics From Profit And Loss Account

• Leverage Ratios

• Liquidity Ratios

• Notes To Accounts

• Other Aspects To Study From Financial Reports

• Profitability Ratios

• Reading Audit Report To Understand The Quality Of Accounting

• Return Ratios

• Stand-Alone Financial Statement And Consolidated Financial Statement

9. Corporate Action

• Bonus Issue

• Buyback Of Shares

• Corporate Action

• Delisting And Relisting Of Shares

• Demerger / Spin-Off

• Dividend

• Loan Restructuring

• Merger And Acquisition

• Philosophy Of Corporate Actions

• Rights Issue

• Scheme Of Arrangement

• Share Consolidation

• Share Swap

• Stock Split

10. Valuation Principles

• Approaches To Valuation

• Assets Based Valuation Matrices

• Discounted Cash Flows Model For Business Valuation

• Dividend Discount Model (Ddm)

• Dividend Yield – Price To Dividend Ratio

• Earning Yield - Price To Earnings Ratio

• Enterprise Value (Ev) To Capital Employed Ratio

• Enterprise Value (Ev) To Sales Ratio

• Enterprise Value To Ebit(Da) Ratio

• Free Cash Flow To Equity Model (Fcfe)

• Free Cash Flow To Firm Model (Fcff)

• Growth Adjusted Price To Earnings Ratio (Peg Ratio)

• Net Asset Value Approach

• Objectivity Of Valuations

• Other Metrics

• Price To Book Value Ratio

• Relative Valuation

• Sources Of Value In A Business – Earnings And Assets

• Sum-Of-The-Parts (Sotp) Valuation

• Trading And Transaction Multiples

• Valuation Principles

11. FUNDAMENTALS OF RISK AND RETURN

• Basic Behavioral Biases Influencing Investments

• Calculating Risk Adjusted Returns

• Calculation Of Simple, Annualized And Compounded Returns

• Comparison Of Equity Returns With Bond Returns

• Concept Of Return On Investment

• Concepts Of Market Risk (Beta)

• Fundamentals Of Risk And Return

• Risks In Investments

• Sensitivity Analysis To Assumptions

• Some Pearls Of Wisdom From Investment Gurus Across The World

12. Qualities of a Good Research Report

• A Sample Checklist For Investment Research Reports

• Checklist Based Approach To The Research Reports

• Qualities Of A Good Research Report

13. Legal & Regulatory Environment

• Chinese Wall

• Code Of Conduct For Research Analysts

• Compliance With The Following Advertisement Code

• Exchange Surveillance Mechanisms: Gsm And Asm

• Insolvency And Bankruptcy Board Of India (Ibbi)

• Insolvency And Bankruptcy Code (Ibc)

• IRDAI

• Legal & Regulatory Environment

• Management Of Conflicts Of Interest And Disclosure Requirements For Research Analysts

• Ministry Of Corporate Affairs

• Ministry Of Finance

• Other Compliances/Requirements

• PFRDA

• Prohibitions In The Advertisement

• Reserve Bank Of India

• Sebi (Prohibition Of Fraudulent And Unfair Trade Practices Relating To Securities Markets) Regulation, 2003 (Amended In 2007, 2012 And 2013)

• Sebi Investor Charter And Complain Disclosure

• Securities And Exchange Board Of India

• Securities And Exchange Board Of India (Prohibition Of Insider Trading) Regulations, 2015

• Securities And Exchange Board Of India (Research Analyst) Regulations, 2014 (Amended In December 2016)

• Securities And Exchange Board Of India Act, 1992

• Securities Contracts (Regulation) Act, 1956

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