Fiscal Law 3.1 EXAM QUESTIONS WITH
CORRECT ANSWERS
Federal appropriations law can be categorized into which three topical
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areas? - CORRECT ANSWER✔✔-Purpose, Time, and Amount
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In the DoD final decisions of fiscal law questions are "officially" rendered
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|by whom? - CORRECT ANSWER✔✔-DoD General Council
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What are the basic types of budget authority used in the Federal
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Government? - CORRECT ANSWER✔✔-Appropriations; Contract | | | | |
Authority; Borrowing Authority; Offsetting Collections and Receipts;
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Loan and Loan Guarantee Authority
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Annual appropriations remain available for new obligations for how
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long? - CORRECT ANSWER✔✔-One fiscal year
| | | | |
Operations and Maintenance (O&M) is an example of what type of
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appropriation? - CORRECT ANSWER✔✔-Annual Appropriation | | | |
RDT&E is an example of what type of appropriation? - CORRECT
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ANSWER✔✔-Multi-year appropriation |
, Budget authority does not expire in what type of appropriation? -
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CORRECT ANSWER✔✔-No year appropriation
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Article 1 Section 9 gives the power to appropriate funds for operating
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the government to which branch? - CORRECT ANSWER✔✔-Legislative
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Branch (Congress) |
Which law established the House and Senate Budget Committees and
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the Congressional Budget Office (CBO)? - CORRECT ANSWER✔✔-
| | | | | | |
Congressional Budget Act of 1974 | | | |
What are the three test which must be met for use of the Necessary
| | | | | | | | | | | | | |
Expense doctrine? - CORRECT ANSWER✔✔-Must bear a logical
| | | | | | | |
relationship; not prohibited by law; not funded elsewhere
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Who are determined to be accountable officers in the Department of
| | | | | | | | | | |
Defense? - CORRECT ANSWER✔✔-Certifying and Disbursing Offices and
| | | | | | | |
Departmental Accountable Officials | |
Who grants relief of liability to a certifying officer for erroneous or illegal
| | | | | | | | | | | |
payments in the Department of Defense? - CORRECT ANSWER✔✔-The
| | | | | | | | | |
Defense Finance and Accounting Service
| | | |
CORRECT ANSWERS
Federal appropriations law can be categorized into which three topical
| | | | | | | | | |
areas? - CORRECT ANSWER✔✔-Purpose, Time, and Amount
| | | | | |
In the DoD final decisions of fiscal law questions are "officially" rendered
| | | | | | | | | | |
|by whom? - CORRECT ANSWER✔✔-DoD General Council
| | | | | |
What are the basic types of budget authority used in the Federal
| | | | | | | | | | | |
Government? - CORRECT ANSWER✔✔-Appropriations; Contract | | | | |
Authority; Borrowing Authority; Offsetting Collections and Receipts;
| | | | | | |
Loan and Loan Guarantee Authority
| | | |
Annual appropriations remain available for new obligations for how
| | | | | | | | |
long? - CORRECT ANSWER✔✔-One fiscal year
| | | | |
Operations and Maintenance (O&M) is an example of what type of
| | | | | | | | | | |
appropriation? - CORRECT ANSWER✔✔-Annual Appropriation | | | |
RDT&E is an example of what type of appropriation? - CORRECT
| | | | | | | | | | |
ANSWER✔✔-Multi-year appropriation |
, Budget authority does not expire in what type of appropriation? -
| | | | | | | | | | |
CORRECT ANSWER✔✔-No year appropriation
| | |
Article 1 Section 9 gives the power to appropriate funds for operating
| | | | | | | | | | | |
the government to which branch? - CORRECT ANSWER✔✔-Legislative
| | | | | | | |
Branch (Congress) |
Which law established the House and Senate Budget Committees and
| | | | | | | | | |
the Congressional Budget Office (CBO)? - CORRECT ANSWER✔✔-
| | | | | | |
Congressional Budget Act of 1974 | | | |
What are the three test which must be met for use of the Necessary
| | | | | | | | | | | | | |
Expense doctrine? - CORRECT ANSWER✔✔-Must bear a logical
| | | | | | | |
relationship; not prohibited by law; not funded elsewhere
| | | | | | |
Who are determined to be accountable officers in the Department of
| | | | | | | | | | |
Defense? - CORRECT ANSWER✔✔-Certifying and Disbursing Offices and
| | | | | | | |
Departmental Accountable Officials | |
Who grants relief of liability to a certifying officer for erroneous or illegal
| | | | | | | | | | | |
payments in the Department of Defense? - CORRECT ANSWER✔✔-The
| | | | | | | | | |
Defense Finance and Accounting Service
| | | |
