Story Retell:
Story Retell is one way to measure listening or reading comprehension. This is usually done using a rubric as there are so many elements that need to be measured as well as the support that you may be giving to the student.
Reading A to Z has a story retell rubric for both fiction and non-fiction. Check your school if they have a subscription to this ( URI does).
This is from Louisiana and it has standards in it.
http://www.louisianavoices.org/Unit5/edu_unit5w_story_retelling.html
This is an excellent document that not only has rubrics but also some really interesting strategies to work on retelling at a variety of levels.
http://www.isbe.net/common_core/pdf/ela-teach-strat-read-lit-k-5.pdf
It comes from the Illinois State Board of Education.
This is one that I developed.