CGMS Practice Exam Questions with
Correct Answers 100% PASS
At closeout, what must recipients do regarding real property that is no longer
needed to achieve the objective for which it was originally purchased? -
CORRECT ANSWER-Request disposition instructions from the grantor.
Who is required to submit financial and performance reports? - CORRECT
ANSWER-Recipients during the award periods.
Recipients may negotiate with the federal awarding agency about which of the
following provisions? - CORRECT ANSWER-The transfer of funds among direct
cost categories to effect budget changes for awards
How may program income be used as specified in a federal grants award? -
CORRECT ANSWER-To further eligible activities for that grant
In addition to the award dollar amount, what other dollar amount is provided on
the notice of award? - CORRECT ANSWER-Non-federal cost share
In the absence of special conditions, when would exempt property be returned or
proceeds from the sale of that property be provided to the grantor? - CORRECT
ANSWER-Never
Correct Answers 100% PASS
At closeout, what must recipients do regarding real property that is no longer
needed to achieve the objective for which it was originally purchased? -
CORRECT ANSWER-Request disposition instructions from the grantor.
Who is required to submit financial and performance reports? - CORRECT
ANSWER-Recipients during the award periods.
Recipients may negotiate with the federal awarding agency about which of the
following provisions? - CORRECT ANSWER-The transfer of funds among direct
cost categories to effect budget changes for awards
How may program income be used as specified in a federal grants award? -
CORRECT ANSWER-To further eligible activities for that grant
In addition to the award dollar amount, what other dollar amount is provided on
the notice of award? - CORRECT ANSWER-Non-federal cost share
In the absence of special conditions, when would exempt property be returned or
proceeds from the sale of that property be provided to the grantor? - CORRECT
ANSWER-Never
