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AGA
CGFM
CGFM Free Questions
AGA CGFM Quiz:2 Topic:4 Questions:6-10

Home
AGA
CGFM
CGFM Free Questions
AGA CGFM Quiz:2 Topic:4 Questions:6-10

AGA CGFM Quiz:2 Topic:4 Questions:6-10

Free Practice Mock Questions Set 6-10 (Quiz # 2) for AGA CGFM Exam, according to official AGA Certified Government Financial Manager exam syllabus topic # 4

Question: 1

_______________ Details the principal steps and the dates by which the bonds will be sold.

ABond sale calendar

BBond indenture

CBond certificate

DNone of these

Answer : A

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Question: 2

Commercial banks issue ______________ which give local governments the money to refinance or refund debt at a lower interest rate.

A(LOCs) Letters of credit

BGO Bonds

CSO Bonds

DState Bonds

Answer : A

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Question: 3

A program accountability study can be used to determine all of the following EXCEPT:

Athe extent to which a program has been correctly implemented.

Bwhether program funds are being expended properly.

Cwhether the program is reaching its intended goal.

Dif budgets were allocated equitably.

Answer : D

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Question: 4

Projecting demand is relatively easy for some services. But, forecasting the need for some projects is somewhat dictated by the Insurance Service Office (ISO), which assigns rates to the concerned department upon which insurance companies set homeowners' insurance rates. For instance:

AWater and sewer plants

BFire stations

CSolid waste landfill systems

DAll of these

Answer : B

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Question: 5

''Every employee should have a personnel file that includes authorization for hiring, salary history hours authorized to work, federal and state withholding forms, hospital and retirement information and support for any other payout deductions.'' There are the procedures of:

ACash Disbursements in payroll department

BSeparation of duties in a small of government

CFederal government payroll system

DBoth A and B

Answer : D

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