CRA PRACTICE EXAM (LATEST UPDATE) REAL
QUESTIONS AND VERIFIED ANSWERS |100% CORRECT |
ALREADY GRADED
What federal agency was the first to fund research grants? Ans✓✓✓
National Science Foundation
What is the total project cost of a $500,000 Equipment Grant with a 20%
match requirement, if the institution's F&A rate is 50%? Ans✓✓✓
$500,000/80% = $625,000
20% match required, therefore award is 80% of total project cost
$500,000 divided by 80% = $625,000 total project cost
The Department of Energy is over the Ans✓✓✓ a. Office of Science
b. National Science Foundation
c. Environmental Protection Agency
d. Office of Naval Research
A Disclosure Statement is required for educational institutions that
receive aggregate sponsored agreements totaling Ans✓✓✓ $25 Million
Which of the following best describes when a substantial involvement is
anticipated between the sponsor and recipient? Ans✓✓✓ a cooperative
agreement
,A type of assistance award and a legal instrument which permits a
federal agency to transfer money, property, services or other things of
value to a grantee when no substantial involvement is anticipated
between the agency and the recipient during the performance of the
contemplated activity Ans✓✓✓ Grant
(1) The purpose of the relationship is the transfer, between a federal
agency and a non-federal entity, of money, property, services, or
anything of value to accomplish a public purpose authorized by law,
rather than by purchase, lease, or barter, for the direct benefit or use of
the federal government.
(2) Substantial involvement is anticipated between the federal agency
and the cooperative during the performance of the agreed upon activity.
(3) The cooperative is a state or local government entity or any person or
organization authorized to receive federal assistance or procurement
contracts. Ans✓✓✓ Cooperative agreement
One module in a NIH Modular Grant is equal to Ans✓✓✓ $25,000
Which of following is not covered under expanded authorities?
Ans✓✓✓ a. change in budget
b. one year no cost extension
c. change in PI
d. 90 day pre-award costs
, Cost incurred for a common purpose are considered Ans✓✓✓ a. direct
costs
b. indirect costs
c. unallowable costs
d. both direct and indirect costs
Which of the following is not a basic underlying ethical principle in the
protection of human subjects? Ans✓✓✓ a. Justice
b. Respect for Persons
c. Beneficence
d. Cure
A SF 272 reports the following Ans✓✓✓ a. non-federal cost share
b. federal cash transactions
c. federal expenditures
d. all federal assistance
Which of the following covers cost principals? Ans✓✓✓ a. OMB
Circular A-87
b. OMB Circular A-102
c. OMB Circular A-133
d. 37 CFR Part 401
QUESTIONS AND VERIFIED ANSWERS |100% CORRECT |
ALREADY GRADED
What federal agency was the first to fund research grants? Ans✓✓✓
National Science Foundation
What is the total project cost of a $500,000 Equipment Grant with a 20%
match requirement, if the institution's F&A rate is 50%? Ans✓✓✓
$500,000/80% = $625,000
20% match required, therefore award is 80% of total project cost
$500,000 divided by 80% = $625,000 total project cost
The Department of Energy is over the Ans✓✓✓ a. Office of Science
b. National Science Foundation
c. Environmental Protection Agency
d. Office of Naval Research
A Disclosure Statement is required for educational institutions that
receive aggregate sponsored agreements totaling Ans✓✓✓ $25 Million
Which of the following best describes when a substantial involvement is
anticipated between the sponsor and recipient? Ans✓✓✓ a cooperative
agreement
,A type of assistance award and a legal instrument which permits a
federal agency to transfer money, property, services or other things of
value to a grantee when no substantial involvement is anticipated
between the agency and the recipient during the performance of the
contemplated activity Ans✓✓✓ Grant
(1) The purpose of the relationship is the transfer, between a federal
agency and a non-federal entity, of money, property, services, or
anything of value to accomplish a public purpose authorized by law,
rather than by purchase, lease, or barter, for the direct benefit or use of
the federal government.
(2) Substantial involvement is anticipated between the federal agency
and the cooperative during the performance of the agreed upon activity.
(3) The cooperative is a state or local government entity or any person or
organization authorized to receive federal assistance or procurement
contracts. Ans✓✓✓ Cooperative agreement
One module in a NIH Modular Grant is equal to Ans✓✓✓ $25,000
Which of following is not covered under expanded authorities?
Ans✓✓✓ a. change in budget
b. one year no cost extension
c. change in PI
d. 90 day pre-award costs
, Cost incurred for a common purpose are considered Ans✓✓✓ a. direct
costs
b. indirect costs
c. unallowable costs
d. both direct and indirect costs
Which of the following is not a basic underlying ethical principle in the
protection of human subjects? Ans✓✓✓ a. Justice
b. Respect for Persons
c. Beneficence
d. Cure
A SF 272 reports the following Ans✓✓✓ a. non-federal cost share
b. federal cash transactions
c. federal expenditures
d. all federal assistance
Which of the following covers cost principals? Ans✓✓✓ a. OMB
Circular A-87
b. OMB Circular A-102
c. OMB Circular A-133
d. 37 CFR Part 401
