logo
Courses NISM IIBF III FINRA Trainings BharatAI GurukulAI Contact B-30 BHARAT MFD Digital Products Membership Login

NISM-Series-III-C: Securities Intermediaries Compliance (Fund) NISM Series 3C Online Mock Test 2026 | 2000+ MCQs

  • 2000+ high-quality MCQs for NISM Series III-C (Securities Intermediaries Compliance - Fund) NISM Series 3C Online Mock Test, designed to mirror real exam difficulty & examiner logic. High value MCQs specifically for AIF, REIT, InvIT, & Mutual Fund Compliance Officers. Chapter wise Practice Test (17 Chapters) + 5 Full Mock Tests + 5 exclusive RegDEEP™ AssessmentIntent™ Mastery Assessment Tests (MAT).

Created by Gurukul On Road

  • English

About the course

Pass your NISM Series III-C: Securities Intermediaries Compliance (Fund) (NISM Series 3C) exam in the first attempt with the most comprehensive 2026 online mock test. Designed specifically for AIF, REIT, InvIT, and Mutual Fund Compliance Officers, this question bank moves beyond basic theory to cover the practical "Fund" compliance standards required by SEBI. This practice-first system that trains both exam performance and real compliance judgment. RegDEEP™ is positioned as a “regulatory thinking simulator”: instead of memorizing rules, learners practice choosing the most defensible action under ambiguity, overlap, and examiner-style traps.

What is included inside?

1) Chapter-wise Practice Tests (1000+ MCQs)

✅  This section covers all 17 chapters with a structured build-up:

✅  Foundation MCQs (definitions, classifications, identification)

✅  Concept-clarity & trap-handling MCQs (differences, roles, assertion - reason, regulatory nuance)

✅  Early application MCQs (basic scenarios and decision choices)

Outcome: You build a strong base and reduce confusion between similar concepts before taking full mocks.

 

2) Full-Length Mock Tests (5 × 100 = 500 MCQs)

✅  These 5 mocks follow chapter-wise weightage as per NISM, and push you into Apply / Analyze / Evaluate level thinking:

✅  Caselets, scenarios, sequential process flow questions

✅  Instrument selection and regulatory judgment

✅  Assertion - Reason, Situation - Action, regulatory interpretation traps

Outcome: You simulate the final exam and build accuracy, speed, and confidence.

 

3) RegDEEP™ AssessmentIntent™ Mastery Assessment Tests (MAT) (5 × 100 = 500 MCQs)

This is the “rank-separator” layer - built for learners who want to go beyond safe questions and train for examiner logic + real compliance judgement.

MAT includes advanced question styles such as:

✅  Multi-chapter / regulation-conflict scenarios (which principle dominates?)

✅  Most defensible action (all options look correct - only one survives scrutiny)

✅  Regulatory silence / grey-zone inference (philosophy-based decisioning)

✅  Process breakdown & liability attribution (who is accountable, not who acted)

✅  Counterfactual regulation, examiner trap prediction, regulatory trade-offs, policy drift/future scenarios

Outcome: You learn how to think when rules “collide”, not when they are neatly stated.

 

 

Course Curriculum

FAQs: NISM-Series-III-C: Securities Intermediaries Compliance (Fund) Certification Online Mock Tes

Is this NISM-Series-III-C: Securities Intermediaries Compliance (Fund) Mock Test question bank updated for the latest 2026 syllabus?

Yes. This course is strictly aligned with the NISM Series III-C (Fund) syllabus effective from November 2025.It includes the latest SEBI regulations for AIFs, REITs, and InvITs. We do not use outdated "Series III-A" questions.

Is a free demo mock tests available before purchase for NISM-Series-III-C: Securities Intermediaries Compliance (Fund) Mock Test?

Yes. A free demo is available to help you evaluate the quality and depth of the mock tests before making a purchase decision. The demo includes 100 MCQs drawn across all three layers -Chapter-wise Practice Tests, Full-Length Mock Tests, and RegDEEP™ AssessmentIntent™ Mastery Assessment Tests (MAT). This allows you to experience the style of questions, level of difficulty, explanation depth, and test-objective alignment before enrolling in the full course.

Who is this NISM-Series-III-C: Securities Intermediaries Compliance (Fund) Mock Test for?

This is specifically for Compliance Officers working with Mutual Funds, Alternative Investment Funds (AIFs), REITs, and InvITs.

Do this NISM-Series-III-C: Securities Intermediaries Compliance (Fund) mock tests include detailed explanations for every question?

Yes. Every question includes a detailed, exam -oriented explanation. The explanations focus on:

  • Why the correct option is correct
  • Why the other options fail under regulatory scrutiny
  • Common examiner traps and logic errors
  • Relevant regulatory intent and compliance reasoning

This ensures you are not memorising answers, but building clarity and repeatable logic.

What does this NISM-Series-III-C: Securities Intermediaries Compliance (Fund) (NISM 3C) online mock test include?

This NISM-Series-III-C Exam Prep Online Mock Test includes 2000+ high-quality MCQs for NISM Series III-C (Securities Intermediaries Compliance - Fund) NISM Series 3C, designed to mirror real exam difficulty and examiner logic Chapter-wise Practice Test (17 Chapters) + 5 Full Mock Tests + 5 exclusive RegDEEP™ AssessmentIntent™ Mastery Assessment Tests (MAT). The Mock Test series is carefully structured to match the difficulty, weightage, and logic of the NISM Series III-C examination. It consists of 17 Chapter-wise Practice Test (1000+ MCQs) 5 full-length mock tests with 100 questions each (500 MCQs) and 5 advanced RegDEEP™ Mastery Assessment Test with 500 questions. Each question is supported with a clear, exam-focused explanation explaining not only the correct answer but also why the other options are incorrect, helping you avoid common traps.

  • ✅ Chapter-wise Practice Tests (1000+ MCQs): Covers all 17 chapters with Foundation + Concept-clarity + trap-handling + early application questions. This section locks definitions, classifications, role clarity (who does what), and avoids common mix-ups between similar concepts.
  • ✅ 5 Full-Length Mock Tests (500 MCQs): 5 papers of 100 questions each, designed to follow NISM-like chapter weightage, and focused on Apply / Analyze / Evaluate level questions - caselets, scenario judgment, sequential flow, assertion - reason, and situation - action patterns.
  • ✅ 5 RegDEEP™ AssessmentIntent™ Mastery Assessment Tests (MAT) (500 MCQs): The rank-separator layer for learners who want more than “safe questions”.

Is this NISM-Series-III-C mock test useful only for exams, or also for working professionals?

This mock test is useful for both exam aspirants and working professionals. While it is fully aligned to the NISM Series III-C syllabus, the scenario-based and RegDEEP™ questions closely reflect real compliance situations faced in AMCs, AIFs, InvITs, REITs, custodians, and intermediaries. Many learners use this course to strengthen regulatory decision-making skills, not just to clear the exam.

What is RegDEEP™ AssessmentIntent™ Mastery Assessment Test (MAT)?

RegDEEP™ AssessmentIntent™ MAT is a specialised, high-complexity assessment framework developed by GurukulOnRoad. Unlike regular MCQs that test whether you remember a rule, RegDEEP™ tests how you apply regulatory logic when rules overlap, conflict, or are silent.
Most mock tests stop at coverage. This one goes deeper. RegDEEP™ AssessmentIntent™ (MAT) (by GurukulOnRoad) trains learners to handle the real difficulty of compliance - and the real difficulty of the exam:

  • ✅ Multi-chapter / regulation-conflict scenarios (rules overlap - what dominates?)
  • ✅ Most defensible action questions (all options look correct - only one survives scrutiny)
  • ✅ Regulatory silence / grey-zone inference (regulation isn’t explicit - apply philosophy)
  • ✅ Process breakdown & liability attribution (who is accountable, not who acted)
  • ✅ Regulatory trade-offs, examiner trap prediction, policy drift & counterfactual scenarios

    • This framework helps you integrate multiple chapters, handle ambiguity, and choose the least wrong / most defensible option - exactly what top scorers and real-world compliance teams must do.

Is this NISM-Series-III-C mock test available as a printed guidebook or ebook format?

Yes. This online mock test is also available as a comprehensive printed guidebook & eBook format, that includes 2000+ MCQs, covering chapter-wise practice tests, full mock tests, and RegDEEP™ Mastery Assessment Tests (MAT). The printed version & ebook are available across all major ecom platforms like Amazon, Flipkart, Kindle, Google Play Boo.
The print edition is designed to be cost-effective, with compact formatting, and is ideal for learners who prefer offline practice or long-form revision alongside online testing.

What are the Detail Test Objectives Covered in this NISM 3C Intermediaries Compliance (Fund) Online Mock Test

Part A - Securities Markets & Regulatory Structure in India

  • Chapter 1: Introduction to the Financial System: Covers identification and application of securities market intermediaries, instruments, and market structures. Learners practice selection logic (primary vs secondary, money vs capital market), instrument differentiation (equity vs debt, MF vs ETF, ADR/GDR/IDR, derivatives), and role clarity (depository/DP/custodian/registrar). Builds the base for “what exists in the market and why it matters.”
  • Chapter 2: Regulatory Framework - General View: Builds clarity on why regulation exists, how regulators and agencies interact, and how jurisdiction works. Covers roles of SEBI, RBI, IRDAI, PFRDA, agencies like ROC/EOW/FIU/NCLT/SFIO, appellate flow through SAT, and the legislative framework impacting compliance. Focuses heavily on role-confusion traps and regulatory intent.
  • Chapter 3: Introduction to Compliance: Establishes the compliance mindset: meaning, scope, reporting structure, governance, fiduciary expectations, and escalation logic. Covers “what a compliance officer is responsible for” and how compliance differs from audit/grievance handling. Learners practice reporting triggers, independence, continuity, and practical judgement in compliance workflows.
  • Chapter 4: SEBI Act, 1992: Covers SEBI’s role from a compliance lens - registration, prohibitions (market abuse/insider trading), powers, inspections/investigations, and penalties/adjudication. Learners practice section-based mapping, appeal routes, interim measures, preventive vs punitive logic, and enforcement reasoning (what SEBI can do, when, and why).
  • Chapter 5: SCRA, 1956 and SCRR, 1957: Builds mastery over contracts and listing-related compliance logic - spot vs forward, listing obligations, penalties, and procedural consequences. Learners practice appeal timelines, enforcement hierarchy, exchange obligations, record maintenance, settlement effect, and traps like forum confusion or wrong section mapping.
  • Chapter 6: SEBI (Intermediaries) Regulations, 2008: Covers intermediary obligations, inspection/proceedings, action in default (suspension/cancellation), fit & proper criteria, code of conduct, and compliance officer responsibilities. Includes process-heavy timelines and procedural discipline (show cause, hearings, designated/competent authority logic), plus modern compliance areas like cyber/AI and ODR.
  • Chapter 7: SEBI (Prohibition of Insider Trading) Regulations, 2019: Tests applicability and operational controls for insider trading compliance - UPSI identification, connected/designated persons, trading windows, structured digital database, Chinese walls, codes of conduct, and leak handling. Learners practice “need-to-know” logic, contra trade traps, pre-clearance reasoning, and defences like trading plans with regulatory discipline.
  • Chapter 8: SEBI (PFUTP) Regulations, 2003: Builds ability to detect and classify fraudulent/unfair practices - manipulation, misrepresentation, circular/synchronized trades, front-running, inducement, and pattern-based misconduct. Learners practice evidence vs explanation reasoning, intent traps, enforcement tools, and how compliance judgement changes when conduct is “unfair” even without explicit insider trading.
  • Chapter 9: Prevention of Money Laundering Act, 2002: Covers AML/CFT compliance expectations - CDD logic, governance roles (Designated Director/Principal Officer), reporting (STR/CTR/NTR), confidentiality and tipping-off, record retention, and suspicious transaction judgement. Learners practice attempted transaction handling, risk-based approach, reporting timelines, and enforcement consequences.
  • Chapter 10: SEBI (KYC Registration Agency) Regulations, 2011: Tests end-to-end KYC ecosystem logic - KRA functions, intermediary obligations, IPV, data handling, audits, surrender/cancellation scenarios, FATCA considerations, and operational compliance traps. Learners practice timelines, access/responsibility boundaries, disclosure vs confidentiality, and systemic vs isolated lapse classification.
  • Chapter 11: SEBI (Foreign Portfolio Investors) Regulations, 2019: Covers FPI framework, eligibility, categorization, investment conditions/restrictions, DDP responsibilities, and ongoing compliance obligations. Learners practice classification tests, ODI-related reasoning, material change responsibilities, custody/DP role boundaries, and enforcement logic around breaches.
  • Chapter 12: Foreign Exchange Management Act (FEMA): Builds strong linkage between FEMA and securities market compliance - FDI/FPI distinctions, pricing guidelines, reporting duties, timelines (like allotment/reporting logic), debt vs non-debt classification, sectoral caps, routes (automatic/government), and transfer-related compliance judgement.
  • Chapter 13: SEBI (Depositories) Act, 1996: Covers dematerialisation, beneficial owner rights, depository/DP obligations, inspection/enquiry mechanics, penalties, and appeals. Learners practice liability attribution, per-day penalty reasoning, immunity logic, and operational compliance consequences in investor grievance and record-based systems.

Part B - Intermediary Specific Regulations

  • Chapter 14: SEBI (Mutual Fund) Regulations: Covers MF structure and stakeholder responsibilities (sponsor, trustees, AMC, intermediaries), scheme types, disclosures, governance, risk management frameworks, and compliance hooks like stewardship and insider trading linkages. Learners practice role clarity, disclosure sequencing, risk controls, and accountability mapping across MF operations.
  • Chapter 15: SEBI (AIF) Regulations: Builds clarity on AIF definitions, categories, eligibility, strategies, compliance requirements, general obligations, and special fund types. Learners practice corpus/investor norms, valuation/reporting logic, borrowing/leverage reasoning, winding-up/liquidation sequencing, and manager/custodian responsibility boundaries.
  • Chapter 16: SEBI (InvIT) Regulations: Covers InvIT structure, registration/eligibility, sponsor and sponsor-group logic, trustee/IM/project manager roles, fundraising routes, listing/delisting, borrowings, valuation, investment conditions, disclosures, and inspections. Learners practice governance-heavy scenarios and compliance sequencing across lifecycle events.
  • Chapter 17: SEBI (REITs) Regulations: Tests REIT framework including structure, registration, roles (trustee/manager/sponsor/valuer/auditor), fundraising and listing, delisting triggers, debt issuance, borrowings, valuation and disclosures, board composition, and continuous disclosures. Learners practice decision trees, threshold-based compliance actions, role overlap traps, and investor protection logic.

How to use this NISM-Series-III-C: Securities Intermediaries Compliance (Fund) Online Mock Test for maximum output:

  • Read the NISM-Series-III-C: Securities Intermediaries Compliance (Fund) October 2025 edition workbook at least once
  • Start with Chapter-wise Practice Tests to lock definitions, structures, roles, and trap points.
  • Move to Mock Tests to build exam stamina, timing, and chapter-weightage accuracy.
  • Finish with RegDEEP™ Mastery AssessmentIntent™ MAT to train the “examiner mindset” and real compliance reasoning - this is where rankers separate.

What do we offer

Live Exam-Style Practice

Not “live classes” - but real-time exam simulation experiences. Learners practice with timed questions, instant scoring, on-platform doubt clearing, and peer comparison, replicating the pressure, speed, and accuracy of actual NISM, IIBF CAIIB, JAIIB, III Licentiate /Associate / Fellowship, IRDAI exams & Global Regulatory Exams like FINRA, CII, CISI, IRDAI exams.

Structured Learning Powered by 9R Exam Mastery™ + RegDEEP™

Our learning flow is not random -it follows a research-backed, structured exam system:

9R Exam Mastery Framework™
Helps you move systematically from Revision > Recall > Retention > Reinforcement > Rehearsal > Review > Rectification > Reattempt > Readiness.

RegDEEP™ Methodology
Decodes dense SEBI, RBI, IRDAI, FINRA SEC & regulatory updates into easy, exam-ready notes without altering compliance intent. (Visit RegDEEP™ ) 

Together, they offer the most clarity-focused, exam-aligned structured preparation in the BFSI domain.

India’s Most Result-Driven Holistic Learning Ecosystem

Instead of generic community groups, you enter a purpose-driven exam support ecosystem:

  • Exam Strategy Rooms
  • Peer Support Micro-Groups
  • Doubt Resolution Pods
  • Quick Reference Notes
  • Frequent Regulatory Circulars Decoded: Exam-Focused Notes, Guidelines & Expected Questions for Indian BFSI Learners and Professionals

It’s a complete performance ecosystem, designed to move you from confusion > clarity > confidence > certification.


Online Mock Test & Practice Test

Two different tools, two different purposes:

  • Chapter-wise Practice Tests: Build clarity, Strengthen fundamentals, Understand concepts, Identify weak areas, and Improve accuracy step-by-step.
  • Full-Length Mock Tests (Exam Simulation): 100 marks, 120 minutes, Exact exam pattern, Instant score, Speed measurement, and Exam readiness analysis.

Practice tests build confidence. | Mock tests build exam readiness.

AI Literacy for Every Professional (Future-Ready Skillset)

Today’s BFSI jobs demand more than exam knowledge - they demand AI literacy. Through GurukulAI Thought Lab, every learner gets access to:

  • AI-powered practice tools
  • RegDEEP™ summaries generated using conscious-first AI workflows
  • Basic prompting skills for research, revision, and exam preparation
  • AI-based learning support for difficult regulatory and numerical topics
  • Insights from our national mission: Bharat AI Education for All

This ensures that your mock test preparation is not just exam-oriented -it makes you AI-ready, future-ready, and workplace-ready.

Get Certified from Official Bodies (Not Us)

We do Not not issue our own certificates. Instead, we help you earn the real, industry-recognized certifications, including:

NISM (National Institute of Securities Markets), IIBF (JAIIB / CAIIB), IRDAI, III – Insurance Institute of India, FINRA (US), CII / CISI (UK)

Our role is to provide the exam tools, mock tests, frameworks, and regulatory clarity you need to pass those official exams with confidence.

Reviews

Enroll Now
Launch your GraphyLaunch your Graphy
100K+ creators trust Graphy to teach online
𝕏
Gurukul On Road 2026 Privacy policy Terms of use Contact us Refund policy