NISM 19B Free Mock Test (AIF Category III Distributors)

Take a free NISM Series XIX-B practice test below. Answer real exam-pattern questions, get instant scoring with explanations, and see exactly where you stand before exam day.

NISM 19B Practice Test

Alternative Investment Funds (Category III) Distributors Certification

Question 1 of 10

What entity publishes the NISM-Series-XIX-B: Alternative Investment Funds (Category III) Distributors workbook?

What is the NISM 19B exam?

The NISM Series XIX-B: Alternative Investment Funds (Category III) Distributors certification is a voluntary exam under SEBI's aegis for individuals who distribute or place Category III AIFs in India — funds employing complex trading strategies, including hedge funds and funds using leverage or derivatives for speculative purposes.

What this practice test covers

AIF ecosystem, Category III fund structures, and external service providers
Risk management, investment strategies, and due diligence
Fund and fee structures, NAV concepts, and performance measurement
Taxation of AIFs (domestic and IFSC) and distributor roles

Passing the NISM 19B exam

You need 60% to pass the NISM 19B exam, with 10% negative marking per wrong answer. Practising exam-pattern questions is the fastest way to identify and fix weak areas before exam day.

Why practice with mock tests

Reading the workbook tells you what you know; a timed mock test tells you what you can actually answer. Full-length mocks surface the topics you keep getting wrong and remove surprises on the real exam.

Frequently asked questions

What is the NISM 19B certification?

NISM Series XIX-B is a voluntary certification for individuals who wish to distribute or act as placement agents for Alternative Investment Funds falling under Category III in India.

Is this NISM 19B practice test really free?

Yes. You can take the sample test on this page instantly, with no sign-up and no payment. Full-length mock tests and topic-wise practice are part of the paid NISM 19B course.

Is the quiz based on the actual NISM exam pattern?

Yes. The questions mirror the real exam's format and difficulty, covering the AIF ecosystem, risk management, fund structures, NAV, and taxation topics tested in NISM Series XIX-B.

What score do I need to pass NISM 19B?

The passing score for NISM 19B is 60%, with 10% negative marking per wrong answer. Practising with exam-pattern questions helps you build accuracy and familiarity with the question style before the real exam.

Ready for the real NISM 19B exam?

Practice full-length, exam-pattern mock tests with detailed explanations for every question, topic-wise practice, and performance analytics.

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