Disclaimer & Regulatory Disclosures

The official certification examinations for securities market intermediaries are organized, administered, and conducted independently by the National Institute of Securities Markets (NISM), an educational initiative of SEBI, through designated test center administrators.

SurePass is a private, third-party examination preparatory platform operated independently. We do not act as an official testing agency, we do not register candidates for official examination dates, and we do not issue official regulatory certificates or licenses. Candidates must register separately at the official NISM portal (certifications.nism.ac.in) to take official exams.

The trademarks “NISM”, “NCFM”, “SEBI”, “NSE”, “BSE”, “MCX”, along with associated module names, series numbers (e.g., Series V-A, Series VIII, Series XV), logos, and test designations are registered trademarks and property of their respective governing authorities and institutions.

References to these names and certification modules on this website are made solely under the doctrine of nominative fair use to accurately identify the specific certification exams, curriculum topics, and subject areas for which our practice materials are designed. Such references do not imply any affiliation, partnership, licensing, or endorsement by those trademark owners.

All questions, practice tests, case studies, scenario problems, and detailed answer explanations hosted on SurePass are original educational simulations prepared by our qualified subject-matter experts, finance tutors, and chartered accountants based on publicly available syllabi, regulations, and workbooks.

We strictly reject and do not engage in question paper leaks or unauthorized copying of official test databases. Our practice questions are simulated learning aids designed to test conceptual comprehension, numerical accuracy, and time management. Actual questions presented during your official NISM examination will be different.

While SurePass mock exams are structured to replicate the exact difficulty, question format, time limits, and negative marking rules of official exams, candidate performance on our platform is indicative only.

SurePass does not and cannot guarantee that any student will pass their official certification examination or achieve a specific score. Passing results depend heavily on an individual's overall study dedication, understanding of the prescribed curriculum, reading of the official NISM workbook, and exam-day circumstances. SurePass disclaims all liability for any failure to clear official tests or any subsequent professional consequences.

The content provided across SurePass—including mock test questions, conceptual notes, blog articles, financial calculations, and formula guides—is created strictly for general educational and certification preparation purposes.

Nothing on this website constitutes financial advice, stock trading recommendations, mutual fund distribution solicitation, investment research, tax advice, or legal counsel. Users must not rely on practice questions or site content to make real-world investment decisions. For actionable financial or investment advice, please consult a SEBI-registered Investment Adviser (RIA) or qualified financial consultant.

The Indian financial sector, SEBI regulations, RBI master directions, and tax slabs undergo regular revisions. SurePass undertakes regular review cycles to reflect syllabus updates; however, candidates are strongly urged to consult official SEBI circulars and current NISM workbooks for the most recent regulatory amendments.