NISM Series XXIII Mock Test: Social Impact Assessors
Up to 30 full-length mock tests of 100 questions each, built on the official syllabus, with an explanation for every answer.
About the NISM Series XXIII exam
NISM Series XXIII covers social impact assessment — the social sector, the Social Stock Exchange and its instruments, logic models and theory of change, impact assessment frameworks and reporting, disclosure norms and key regulations.
Who should take it: Individuals who want to act as social impact assessors for organisations raising funds on the Social Stock Exchange, a role that requires this certification.
NISM Series XXIII exam pattern
| Questions | 100 multiple-choice questions |
|---|---|
| Total marks | 100 |
| Duration | 120 minutes |
| Passing score | 60% |
| Negative marking | −0.25 mark per wrong answer |
Indicative pattern. Exam bodies revise patterns — confirm the details in the latest official notification before your exam.
Syllabus covered in our NISM Series XXIII question bank
Our 50-question bank for NISM Series XXIII covers every chapter below. Mock tests mix questions across all of them in the same proportion as the real paper.
- Social Sector Ecosystem4 practice questions
- SSE: Introduction, Funding Structures & Instruments6 practice questions
- Registration and Listing on SSE6 practice questions
- Logic Model in Social Programs4 practice questions
- Social Impact Assessment & Assessors6 practice questions
- SIA Frameworks, Techniques & Standards6 practice questions
- SIA Reporting4 practice questions
- SIA Case Studies3 practice questions
- Disclosure Norms, Reporting & Penalties5 practice questions
- Taxation2 practice questions
- Key Regulations4 practice questions
Free NISM Series XXIII sample questions
Try five questions from our bank. Each mock test gives you 100 like these, with your score, chapter-wise analysis and explanations at the end.
How many Sustainable Development Goals (SDGs) were adopted by the United Nations under the 2030 Agenda?
- 17
- 8
- 12
- 21
Show answer & explanation
Answer: A. 17
The 2030 Agenda adopted in 2015 contains 17 SDGs, succeeding the 8 Millennium Development Goals.
The Social Stock Exchange (SSE) in India operates as:
- A new stock exchange owned by the Government
- A department of the Reserve Bank of India
- A separate segment of a recognised stock exchange
- A wing of NITI Aayog that grants funds
Show answer & explanation
Answer: C. A separate segment of a recognised stock exchange
SEBI's framework sets up the SSE as a separate segment of an existing recognised stock exchange, such as those of BSE and NSE.
Why does an NPO need to register on the Social Stock Exchange before raising funds through it?
- Registration is a prerequisite for an NPO to issue securities such as ZCZP instruments on the SSE
- Registration automatically lists its shares on the main board
- Registration exempts it from all income-tax obligations
- Registration converts it into a for-profit company
Show answer & explanation
Answer: A. Registration is a prerequisite for an NPO to issue securities such as ZCZP instruments on the SSE
An NPO must first register with the SSE segment; only then can it raise funds through instruments like ZCZP.
In a logic model, which is the correct sequence?
- Outputs → Inputs → Activities → Impact → Outcomes
- Activities → Impact → Inputs → Outputs → Outcomes
- Inputs → Activities → Outputs → Outcomes → Impact
- Impact → Outcomes → Outputs → Activities → Inputs
Show answer & explanation
Answer: C. Inputs → Activities → Outputs → Outcomes → Impact
A logic model links resources (inputs) to activities, their direct products (outputs), resulting changes (outcomes) and long-term change (impact).
Under the SSE framework, who may carry out the social impact assessment of a Social Enterprise?
- Any employee of the Social Enterprise
- A social auditor registered with a self-regulatory organisation and holding the NISM social impact assessor certification
- The stock exchange's listing department
- A credit rating agency without any certification
Show answer & explanation
Answer: B. A social auditor registered with a self-regulatory organisation and holding the NISM social impact assessor certification
Social impact assessment is done by social auditors who are members of an SRO under a recognised professional institute and hold the required NISM certification.
NISM Series XXIII mock test plans
Every plan unlocks one full-length mock test per day of the plan. Prices include GST.
| Plan | Mock tests | Questions | Price |
|---|---|---|---|
| 10 Days | 10 mock tests | 1,000 questions | ₹199 incl. GST |
| 15 Days | 15 mock tests | 1,500 questions | ₹279 incl. GST |
| 20 Days Popular | 20 mock tests | 2,000 questions | ₹349 incl. GST |
| 30 Days Best value | 30 mock tests | 3,000 questions | ₹449 incl. GST |
Official study material
Links open the official website. We do not host or alter official material.
NISM Series XXIII mock test FAQs
How many questions are there in the NISM Series XXIII exam?
The NISM Series XXIII paper has 100 multiple-choice questions for 100 marks, to be completed in 120 minutes. This is the indicative pattern — always confirm it in the latest official notification.
Is there negative marking in NISM Series XXIII?
Yes. −0.25 mark per wrong answer (25% of the marks for that question). Our mock tests apply the same rule.
What is the pass mark for NISM Series XXIII?
You need 60% to pass. Our mock tests show pass or fail against the same mark.
How many NISM Series XXIII mock tests do I get?
One full-length mock test is unlocked for each day of your plan: 10, 15, 20 or 30 mock tests on the 10 Days, 15 Days, 20 Days or 30 Days plans. You can retake any unlocked test while your plan is active.
Are these the actual exam questions?
No. Every question is an original practice question written to match the official syllabus and the exam's style. Reproducing real exam questions is not permitted, and we do not do it.
Where can I get the official NISM Series XXIII study material?
NISM provides the latest workbook free of cost on its official portal after a short registration. The link is in the Official study material section on this page.