NP

NISM Series X-A

Investment Adviser (Level 1)

X-A chapters / Module 2: Indian Financial Markets

Chapter 5. Introduction to the Indian Financial Markets

The structure of India's financial markets: the regulators and the banking, securities, insurance and pension market participants.

Total watch time 27 min · Hindi audio

Key topics

  • Regulators and Ministry of Finance departments
  • Banks, payments banks, small finance banks, NBFCs and HFCs
  • P2P lending, credit information companies and Account Aggregators
  • Securities market intermediaries: depositories, brokers, KRAs, RTAs
  • Insurance (IRDAI) and pension (PFRDA, NPS) markets

Chapter test

25 multiple-choice questions with explanations. Score 60% or more to complete this chapter.

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Practice questions are based on the NISM Series X-A workbook (February 2025), updated for later SEBI/RBI changes up to November 2026. Always check the latest NISM syllabus before your exam. Video lessons on YouTube ↗