What this mock test covers

This is a full-length, 150-question timed mock exam, matching the real NISM-Series-V-D format: 150 questions, 1 mark each, 3 hours, 60% to pass, and 10% negative marking for each wrong answer. Here's exactly how those 150 questions are distributed, matching the syllabus weightage chapter for chapter:

Ch.	Topic	Questions
1	Investment Landscape	5
2	Concept & Role of a Mutual Fund	4
3	Legal Structure of Mutual Funds	3
4	Legal and Regulatory Framework	7
5	Scheme Related Information	7
6	Fund Distribution & Channel Management	4
7	NAV, TER and Pricing of Units	5
8	Taxation	3
9	Investor Services	10
10	Risk, Return and Performance	5
11	Mutual Fund Scheme Performance	5
12	Mutual Fund Scheme Selection	10
13	Basics of Derivatives	10
14	Understanding the Index	5
15	Forwards and Futures	15
16	Options	13
17	Equity F&O Strategies	9
18	Interest Rate & Fixed Income Market	6
19	Interest Rate Derivatives	2
20	Interest Rate Futures	10
21	Interest Rate Options	6
22	IRD Strategies	6