NISM Series XXIII : Social Impact Assessors Certification Examination - Mock Test

Weightage - NISM XXIII : Social Impact Assessors Certification Examination

Syllabus - NISM XXIII : Social Impact Assessors Certification Examination

Unit 1: Introduction to Social Sector Ecosystem

• Section I – Social Sector in India
  • 1.1 Know the Overview of Social Sector in India
  • 1.2 Know the Sustainable Development Goals (SDGs)
  • 1.3 Understand the Concept of Social Enterprises (SE)
    • 1.3.1 Know the Legal structure of Non-Profit Social Enterprises
    • 1.3.2 Know the Legal structure of For-Profit Social Enterprises (FPSE)
  • 1.4 Learn about the Taxonomy related to Social Enterprises
    • 1.4.1 Learn about the Primacy of Social Intent/Impact
    • 1.4.2 Know the Social Objective
  • 1.5 Understand Social Intervention
    • 1.5.1 Know the Concepts and Terms in Social Sector Interventions
    • 1.5.2 Learn the Methodologies for Social Interventions
    • 1.5.3 Learn the Inherent risks and errors faced during social interventions
  • 1.6 Know the International standards applicable for social development
  • 1.7 Learn about the Challenges of comparability faced by social sector organisations
  • 1.8 Understand the Social Sector Landscape in India
    • 1.8.1 Learn NPO Ecosystem in India
    • 1.8.2 Know the need of different types of development interventions
    • 1.8.3 Learn Spectrum of stakeholders and their role in the development landscape
  • 1.9 Understand Social Sector Inequities
    • 1.9.1 Learn about Sectoral Thrust
    • 1.9.2 Learn about Geographical Thrust
    • 1.9.3 Learn about Technological Thrust
• Section II – Indian Financial Markets
  • 1.1 Learn about Indian Financial Markets
    • 1.1.1 Introduction
    • 1.1.2 Know the Types of Financial Markets in India
    • 1.1.3 Know the Intermediaries in Financial Markets in India
    • 1.1.4 Know the different types of investors
  • 1.2 Know the different Type of Securities

Unit 2: Social Stock Exchange – Introduction, Funding Structures and Instruments

• 2.1 Understand the Concept of Social Stock Exchange
  • 2.1.1 Understanding Definition of Social Stock Exchange
  • 2.1.2 Know the Rationale of Social Stock Exchange
  • 2.1.3 Know the Objectives of Social Stock Exchange
  • 2.1.4 Know the Functions of Social Stock Exchange
• 2.2 Know the Stakeholders of Social Stock Exchange
  • 2.2.1 Know about the Trading Members
  • 2.2.2 Understand Non-Profit Organisation and For-Profit Enterprises
  • 2.2.3 Learn about Social Impact Assessors
  • 2.2.4 Learn about the Information Repositories
  • 2.2.5 Learn about the Market Infrastructure Institutions
  • 2.2.6 Learn about Regulator and SRO
  • 2.2.7 Learn about Investors
  • 2.2.8 Learn about the Primary Stakeholder: Communities/target groups
• 2.3 Understand the Funding Structures
  • 2.3.1 Explain the Funding Structures for NPOs
    • 2.3.1.1 Pay-for-success Structure
    • 2.3.1.2 Social/Development Impact Bond Structure
    • 2.3.1.3 Financing Instruments for NPOs
  • 2.3.2 Explain the Funding Structures for FPEs
    • 2.3.2.1 Financing Instruments are as follows

Unit 3: Registration and Listing on Social Stock Exchanges

• 3.1 Learn the Registration process on Social Stock Exchanges
  • 3.1.1 Know the Eligibility requirements for registration
  • 3.1.2 Know the Initial Qualifying Criteria for Onboarding the Social Stock Exchanges
    • 3.1.2.1 Know the onboarding process for NPOs
    • 3.1.2.2 Know the Mandatory Qualification Criteria
• 3.2 Learn about Rights, Obligations and Disclosures Document
• 3.3 Learn about Key Listing Guidelines
  • 3.3.1 Know the Listing guidelines for FPEs and NPOs
  • 3.3.2 Know the benefits of Registration and Listing on a Social Stock Exchange

Unit 4: Understanding Logic Model in Social Programs for Social Impact Assessment

• 4.1 Understand the Logical Framework Analysis (LFA) for Social Enterprises
• 4.2 Learn about Key Components of LFA
  • 4.2.1 Project Goals
  • 4.2.2 Problem Analysis
  • 4.2.3 Objective Analysis
  • 4.2.4 Alternatives Analysis
  • 4.2.5 Purpose
  • 4.2.6 Outputs
  • 4.2.7 Activities
  • 4.2.8 Indicators
  • 4.2.9 Means of Verification
  • 4.2.10 Assumptions
• 4.3 Learn about the flow of Project/Program design under Logic Model
  • 4.3.1 Learn about Learning Loop in Logic Model
  • 4.3.2 Understand addressing core issues in establishing KPIs within the Logic Model
  • 4.3.3 Learn about assigning accurate costs for inputs related to Project Sustainability under the Logic Model
• 4.4 Learn about addressing core issues in establishing Key Performance Indicators (KPIs) within the Logic Model
• 4.5 Learn about developing the Logical Framework Matrix
• 4.6 Learn about Logical Framework Matrix

Unit 5: Social Impact Assessment and Social Impact Assessors

• 5.1 Understand the evolution of Social Impact Assessment
  • 5.1.1 Know the different definitions and meaning of Social Impact Assessment
  • 5.1.2 Know the difference between social impact assessment and financial audit
• 5.2 Learn the Principles of Impact Assessment
• 5.3 Learn about Social Impact Assessors
  • 5.3.1 Know the definition of Social Impact Assessors
  • 5.3.2 Understand the Code of Conduct for Social Impact Assessors
  • 5.3.3 Know the certification requirements for Social Impact Assessors
  • 5.3.4 Learn the competencies and skills required for Social Impact Assessor
  • 5.3.5 Know the empanelment of Social Impact Assessors (SIAs) with SROs
  • 5.3.6 Understand the Scope of Work for Social Impact Assessors
• 5.4 Learn about Social Impact Assessment (Audit) Standards
• 5.5 Know the List of Social Impact Assessment (Audit) Standards (SAS)
• 5.6 Learn about Social Impact Assessment Standard (SAS) Framework
  • 5.6.1 Know the objective of the SAS Framework
  • 5.6.2 Learn the scope of SAS Framework
• 5.7 Understand Social Impact Assessment Process
  • 5.7.1 Understand Stakeholders
  • 5.7.2 Understand Social Impact Assessment Planning
  • 5.7.3 Understanding the Social Enterprises (SE) and the social issue addressed
  • 5.7.4 Know about collecting and verifying information
  • 5.7.5 Learn about Social Impact Assessor’s Responses to Assessed Risk
• 5.8 Understand Impact Assessment Evidence
• 5.9 Understand Social Impact Assessment Engagement
  • 5.9.1 Learn the Three-Party Relationship
  • 5.9.2 Understand Social project/program/intervention scope
  • 5.9.3 Understand Social Project Monitoring Framework
• 5.10 Know Social Impact Assessment Quality Control for Social Impact Assessor/Audit firm
• 5.11 Learn about Field level research agency and/or subject matter experts
  • 5.11.1 Documentation
  • 5.11.2 Materiality
  • 5.11.3 Internal Controls
  • 5.11.4 Fieldwork Process – Sampling and Data collection
• 5.12 Understand Challenges related to Social Impact Assessment
• 5.13 Know the use of technology in Social Impact Assessment
• 5.14 Learn about Social Impact Assessment Report
• 5.15 Learn about Impact Assessment Conclusions

Unit 6: Social Impact Assessment Frameworks, Techniques and Standards

• 6.1 Understand the Social Impact Assessment Frameworks
  • 6.1.1 Learn about the Theory of Change
  • 6.1.2 Learn the importance of Theory of Change in social impact analysis
• 6.2 Understand various Guidelines and Tools for Social Impact Assessment
  • 6.2.1 Learn about National Guidelines on Responsible Business Conduct
  • 6.2.2 Learn about Framework introduced by Global Investing Community
  • 6.2.3 Learn about Framework introduced by Multi-lateral Development Agency

Unit 7: Social Impact Assessment Reporting

• 7.1 Understand Social Impact Assessment
  • 7.1.1 Learn about Steps in conducting Social Impact Assessment
  • 7.1.2 Learn about Approaches to Social Impact Assessment
  • 7.1.3 Learn the importance of conducting social impact assessment for different stakeholders
• 7.2 Understand different organisational models for structuring evaluation
  • 7.2.1 Learn about Outsourcing Model
  • 7.2.2 Learn about Partnership Model
  • 7.2.3 Learn about Fully Integrated Model
  • 7.2.4 Learn about DIY (Do-it-Yourself)
• 7.3 Understand Impact Reporting
  • 7.3.1 Learn about Types of Impact reporting
  • 7.3.2 Learn about Components of Impact Reporting
• 7.4 Understand Issues or Challenges in conducting SIA

Unit 8: Social Impact Assessment – Case Studies

• 8.1 Case Study on SAS 500: Ensuring environmental sustainability, addressing climate change including mitigation and adaptation, forest and wildlife conservation
• 8.2 Case Study on SAS 200: Promoting health care including mental healthcare, sanitation and making available safe drinking water
• 8.3 Case Study on SAS 400: Promoting gender equality, empowerment of women and LGBTQIA+ communities
• 8.4 Case Study on SAS 1300: Promotion of Financial Inclusion
• 8.5 Case Study on SAS 1100: Slum area development, affordable housing and other interventions to build sustainable and resilient cities

Unit 9: Disclosure Norms, Reporting Requirements by Social Impact Assessor and Penalties

• 9.1 Understand the disclosure requirements as per SEBI ICDR Regulations
  • 9.1.1 Know the disclosure norms for NPOs on a Social Stock Exchange
• 9.2 Understand the disclosure norms under SEBI LODR Regulations
  • 9.2.1 Know the disclosures by For-Profit Enterprise
  • 9.2.2 Know the disclosures by a Not-for-Profit Organization
  • 9.2.3 Learn about intimations and disclosures by Social Enterprise of events or information to Social Stock Exchange(s)
  • 9.2.4 Learn about disclosures by a Social Enterprise in respect of social impact
  • 9.2.5 Learn about statement of utilisation of funds in terms of Regulation 91F of the LODR Regulations
• 9.3 Know the applicable penalties

Unit 10: Taxation

• 10.1 Introduction
• 10.2 Know about deductions under section 80G of Income Tax Act
• 10.3 Know the exemptions for Social Enterprises

Unit 11: Key Regulations

• 11.1 Know about the SEBI Act 1992
• 11.2 Know about the SEBI Issue of Capital and Disclosure Requirements Regulations, 2018
• 11.3 Know about the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
• 11.4 Know about the SEBI (Prohibition of Insider Trading) Regulations, 2015
• 11.5 Know about the Prevention of Money-Laundering Act, 2002
• 11.6 Know about the SEBI Prevention of Fraudulent and Unfair Trade Practices Regulations, 2003