NISM Series XXIII : Social Impact Assessors Certification Examination
NISM Series XXIII Mock Test
(Free Demo & Premium)
It represents number 23. 'XXIII' is the Roman numeral for number 23.
Official name is NISM Series XXIII: Social Impact Assessors Certification Examination. Also known as
NISM 23, NISM XXIII, NISM Social Impact Assessors Exam.
It is a certification exam launched by NISM under SEBI’s mandate to set a minimum knowledge benchmark
for social impact assessment under the Social Stock Exchange (SSE) framework.
Professionals, consultants, analysts wishing to work as Social Impact Assessors for entities listed or
seeking listing on the Social Stock Exchange. Also NGOs and non-profits.
Study Material: Click here for NISM 23 Study Material
Exam Registration: NISM Registration Procedure
Exam Dates: NISM Exam Dates
Assessment Structure
| Total Marks | 100 |
|---|---|
| Total Questions | Multiple Choice [85 x 1 = 85] Case-based [3 cases x 5 marks = 15] |
| Total Duration | 2 Hours |
| Passing Score | 60% |
| Negative Marking | 25% (0.25 mark) |
Syllabus & Weightage
| Unit No. | Unit Name | Weightage |
|---|---|---|
| Unit 1 | Introduction to Social Sector Ecosystem | 10% |
| Unit 2 | Social Stock Exchange: Introduction, Funding Structures and Instruments | 10% |
| Unit 3 | Registration and Listing on Social Stock Exchanges | 6% |
| Unit 4 | Understanding Logic Model in Social Programs | 10% |
| Unit 5 | Social Impact Assessment and Social Impact Assessors | 10% |
| Unit 6 | Social Impact Assessment Frameworks, Techniques and Standards | 10% |
| Unit 7 | Social Impact Assessment Reporting | 11% |
| Unit 8 | Social Impact Assessment - Case Studies | 15% |
| Unit 9 | Disclosure Norms, Reporting Requirements and Penalties | 10% |
| Unit 10 | Taxation | 3% |
| Unit 11 | Key Regulations | 5% |
Detailed Syllabus
Unit 1: Introduction to Social Sector Ecosystem
Social Sector in India, SDGs
- Social Enterprises (SE) - NPO &
For-Profit
- Social Intervention,
Stakeholders
- Indian Financial Markets
Overview
Unit 3: Registration and Listing on SSE
- Registration Process,
Eligibility
- Listing Guidelines for FPEs &
NPOs
Unit 5: SIA and Assessors
- Evolution, Principles, Code of
Conduct
- SIA Standards (SAS) Framework
- Process, Quality Control,
Challenges
Unit 7: SIA Reporting
- Approaches, Organisational
Models
- Impact Reporting Components
Unit 9: Disclosure Norms & Reporting
- SEBI ICDR & LODR Regulations
- Disclosures for NPOs & FPEs
Unit 11: Key Regulations
- SEBI Act, ICDR, LODR, PIT, PMLA,
PFUTP
Unit 2: Social Stock Exchange
- Concept, Functions, Stakeholders
- Funding Structures (NPO/FPE)
- Zero Coupon Zero Principal
(ZCZP)
Unit 4: Logic Model in Social Programs
- Logical Framework Analysis (LFA)
- Project Goals, Output, Outcome,
Impact
- KPIs and Logframe Matrix
Unit 6: SIA Frameworks & Tools
- Theory of Change
- National Guidelines (NGRBC),
Global Frameworks
Unit 8: SIA Case Studies
- SAS 500 (Environment), SAS 200
(Health)
- SAS 400 (Gender Equality), SAS
1300 (Financial Inclusion)
- SAS 1100 (Affordable Housing)
Unit 10: Taxation
- 80G Deductions, Exemptions