CGMS Practice Exam Questions with
100% Correct Answers
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
The federal recipient or subrecipient shall make equipment available for use on
other projects or programs currently or previously supported by the federal
government, providing that what condition applies? Correct Answer: That
equipment has been depreciated to an amount less than $5,000
Under federal regulations, recipients must liquidate funds within how many days
after the end of the grant? Correct Answer: 90
100% Correct Answers
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
The federal recipient or subrecipient shall make equipment available for use on
other projects or programs currently or previously supported by the federal
government, providing that what condition applies? Correct Answer: That
equipment has been depreciated to an amount less than $5,000
Under federal regulations, recipients must liquidate funds within how many days
after the end of the grant? Correct Answer: 90
