FISCAL LAW TEST PAPER VERSION 2 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◉ The antideficiency act (ADA) prohibits. Answer: involving the
government in a contract or obligation for payment of money before
an appropriation is made, unless authorized by law
◉ Where is the authorized purpose of an appropriation found?.
Answer: The appropriation act itself and its legislative history to
include authorizing and organic legislature
◉ Fiscal law refers to the body o flaw governing the availability and
use of Federal Funds. Which of the following is NOT a source that
forms the basis of fiscal law. Answer: Federal Acquisitions
Regulations
◉ Analysis of appropriations uses ______ guidance, including the
National defense Authorization Act; Department of Defense
Appropriations Acts; the Federal Acquisition Regulation(FAR); and
the Department of Defense Financial Management Regulation (DoD
FMR). Answer: Authoritative
◉ If an accountable Official provides negligent information, data or
services to a certifying officer that results in an erroneous or illegal
payment, the accountable officer may be. Answer: Financially liable
, ◉ Which of the following is an authority that allows interagency
acquisitions. Answer: Economy Act
◉ When employees violate the Antideficiency Act, they may be
subject to appropriate administrative discipline. Which one of the
following is an appropriate administrative discipline?. Answer:
Suspension from duty without pay
◉ A(n) ________ is the procedure when one agency needing supplies
or services (requesting agency) obtains them through another
Federal Government Agency (Servicing Agency). Answer:
interagency Acquisition
◉ Appropriations can only be applied to the objects for which the
appropriation was. Answer: Purpose
◉ Accountable Officials are designated in WRITING and notified of
their pecuniary liability. Answer: WRITING
◉ The Proper Authorization Act rule provides that the expenditure
of public funds is proper only when authorized by congress, not that
public funds may be expended. Answer: Proper Authorization Act
QUESTIONS WITH SOLUTIONS GRADED A+
◉ The antideficiency act (ADA) prohibits. Answer: involving the
government in a contract or obligation for payment of money before
an appropriation is made, unless authorized by law
◉ Where is the authorized purpose of an appropriation found?.
Answer: The appropriation act itself and its legislative history to
include authorizing and organic legislature
◉ Fiscal law refers to the body o flaw governing the availability and
use of Federal Funds. Which of the following is NOT a source that
forms the basis of fiscal law. Answer: Federal Acquisitions
Regulations
◉ Analysis of appropriations uses ______ guidance, including the
National defense Authorization Act; Department of Defense
Appropriations Acts; the Federal Acquisition Regulation(FAR); and
the Department of Defense Financial Management Regulation (DoD
FMR). Answer: Authoritative
◉ If an accountable Official provides negligent information, data or
services to a certifying officer that results in an erroneous or illegal
payment, the accountable officer may be. Answer: Financially liable
, ◉ Which of the following is an authority that allows interagency
acquisitions. Answer: Economy Act
◉ When employees violate the Antideficiency Act, they may be
subject to appropriate administrative discipline. Which one of the
following is an appropriate administrative discipline?. Answer:
Suspension from duty without pay
◉ A(n) ________ is the procedure when one agency needing supplies
or services (requesting agency) obtains them through another
Federal Government Agency (Servicing Agency). Answer:
interagency Acquisition
◉ Appropriations can only be applied to the objects for which the
appropriation was. Answer: Purpose
◉ Accountable Officials are designated in WRITING and notified of
their pecuniary liability. Answer: WRITING
◉ The Proper Authorization Act rule provides that the expenditure
of public funds is proper only when authorized by congress, not that
public funds may be expended. Answer: Proper Authorization Act
