Social Impact Assessors

Syllabus and chapter weightage

Weightages are taken from the official syllabus table published in the NISM workbook, so you can see exactly where the marks are.

Every chapter can be read free, no account needed — tap a chapter to open its plain-English Foundation lesson.

Sample questions

5 questions from the chapter tests, one per chapter. Pick your answer before you open the explanation.

1. Question 1 · Chapter 1: Introduction to Social Sector Ecosystem

   Social Enterprises have access to which of the following?

   1. A.Social venture capital funds only
   2. B.Donations only
   3. C.Both social venture capital funds and donations
   4. D.Neither social venture capital funds nor donations
   Show the answer

   Answer: C. Both social venture capital funds and donations

   The workbook says social enterprises, both for-profit and non-profit, can access not just grants and donations but also social venture capital funds.

   Options A and B are each half the answer. Option D contradicts the text entirely.

2. Question 2 · Chapter 2: Social Stock Exchange: Introduction, Funding Structures and Instruments

   Which among the following is NOT an objective of a Social Stock Exchange? I. Unlocking a large pool of social capital; II. Listing funding channels; III. Encouraging blended finance structures; IV. Providing a set of procedures and guidelines

   1. A.Only I and II
   2. B.Only II and III
   3. C.Only I and III
   4. D.Only II and IV
   Show the answer

   Answer: D. Only II and IV

   The objectives quoted in the workbook are unlocking a large pool of social capital and encouraging blended finance structures.

   Listing funding channels and providing procedures and guidelines that act as a filter are described as functions of the SSE, not objectives. So II and IV are the ones that are NOT objectives.

3. Question 3 · Chapter 3: Registration and Listing on Social Stock Exchanges

   For fund raising through the Social Stock Exchange, a social enterprise needs to fulfil which of the following conditions? (i) Establish the primacy intent of social impact (ii) Focus on underserved or underprivileged populations

   1. A.Only (i)
   2. B.Only (ii)
   3. C.Both (i) and (ii)
   4. D.None of these
   Show the answer

   Answer: C. Both (i) and (ii)

   Both are prior conditions listed in the eligibility requirements. A social enterprise must establish the primacy of social impact and its activities must focus on underserved or underprivileged populations or lagging regions.

   Options A and B each leave out a mandatory condition, and D ignores both.

4. Question 4 · Chapter 4: Understanding Logic Model in Social Programs for Social Impact Assessment

   What is the Logical Framework (Logframe) used for?

   1. A.Writing a project proposal
   2. B.Breaking a project into structured components
   3. C.Managing team communication
   4. D.Monitoring project risks only
   Show the answer

   Answer: B. Breaking a project into structured components

   LFA ensures clarity, coherence and accountability by breaking projects into clearly defined components, and it is used for planning, implementation, monitoring and evaluation.

   A proposal or team communication may benefit from it, but that is not its purpose. D is too narrow — note the word only.

5. Question 5 · Chapter 5: Social Impact Assessment and Social Impact Assessors

   The Social Impact Assessment Framework in India has been developed by ______ to provide a social impact assessor guidance for conducting a social impact assessment.

   1. A.SEBI
   2. B.ICAI
   3. C.RBI
   4. D.UNDP
   Show the answer

   Answer: B. ICAI

   The workbook states: "The Social Impact Assessment (Audit) Framework developed by ICAI provides a Social Impact Assessor guidance for conducting an assessment." ICAI also issues the thematic SASs.

   SEBI defines the assessor in the ICDR Regulations and runs the SSE framework, but it did not develop the assessment framework.

Frequently asked questions

What is the passing mark for NISM Series XXIII?

You need 60% to pass NISM-Series-XXIII: Social Impact Assessors. On a 100-mark paper that is 60 marks.

Is there negative marking in NISM Series XXIII?

There is negative marking of 25% of the marks for that question, so a wrong answer costs you 0.25 marks on a 1-mark question. Guess only when you can eliminate at least two options.

How long is the NISM Series XXIII exam?

The exam runs for 120 minutes and carries 100 marks in total.

How long is the NISM Series XXIII certificate valid?

NISM certifications are generally valid for 3 years from the date of passing, after which they must be renewed. Confirm the current position on nism.ac.in before your certificate lapses.