CDFM MODULE 1- 200 IDEAL QUESTIONS AND CORRECT
ANSWERS FOR CDFM MODULE 1 EXAM PREP COMPLETE
QUESTIONS WITH 100% VERIFIED ANSWERS
1. The President is responsible to transmit the budget of the US
government to Congress no later than:
A) February 1st each year
B) 1st Monday in January each year
C) 1st Monday in February each year
D) January 1st each year
Answer: C
2. Congress processes authorization legislation, which authorizes or
allows programs to exist. They also pass appropriations, which provide
funding for programs. This is known as:
A) Budget Formulation Phase
B) Budget Execution Phase
C) Congressional Action Phase
D) Budget Resolution Phase
Answer: C
3. The President signs the bills into law that provides legal budget
authority to incur obligations and make payments out of the Treasury
for specified purposes. This is called:
A) Authorization
B) Apportionment
C) Appropriation
,D) Allotment
Answer: C
4. In the Congressional Action Phase, who holds hearings in January in
preparation for drafting the concurrent resolution of the budget?
A) Authorizing Committees
B) Appropriations Committees
C) Conference Committees
D) Budget Committees
Answer: D
5. Budget Committees report to their respective houses. The
resolution sets spending revenue and other budget targets for the
upcoming fiscal year. This occurs in:
A) February
B) January
C) September
D) April
Answer: D
6. This is the process of estimating the budgetary effects of pending
legislation and comparing them to a baseline such as a budget
resolution or to any limits that may be set in law.
A) Reconciliation
B) Mark-up
C) Authorization
D) Scorekeeping
Answer: D
7. What data does scorekeeping track?
A) Only outlays and receipts
,B) Only appropriations and authorizations
C) Budget authority, receipts, outlays, surplus or deficit, and the public
debt
D) Only budget authority and outlays
Answer: C
8. This resolution fixes new budget authority and outlay target and
establishes target for the Gross National Debt, revenues, and
surplus/deficit.
A) Appropriation Resolution
B) Budget Amendment
C) Budget Resolution
D) Continuing Resolution
Answer: C
9. This resolution does not require the signature of the President. It is
the first step in the Congressional Budget Process.
A) Joint Budget Resolution
B) Simple Budget Resolution
C) Concurrent Budget Resolution
D) Appropriation Bill
Answer: C
10. This Bill may not exceed the ceilings set in the CBR without a 60%
majority vote of the entire Congress & CBO monitors for compliance.
A) Authorization Bill
B) Supplemental Bill
C) Annual Appropriation Bill
D) Budget Resolution
Answer: C
, 11. Defense, Military Construction/Veterans Affairs & Energy and
Water are examples of:
A) Mandatory Spending
B) Authorization Acts
C) Defense-Related Appropriations Acts
D) Continuing Resolutions
Answer: C
12. When a statute's language is not clear as written, the best place to
go for interpretation of the law is:
A) The Supreme Court
B) OMB Circulars
C) Legislative History
D) The Federal Register
Answer: C
13. Who will provide DoD's position on appeal items?
A) The President
B) The Joint Chiefs
C) SECDEF
D) The Under Secretary of Defense
Answer: C
14. These amend the budget submission prior to completion of a
congressional act; they have been submitted but not yet processed by
Congress.
A) Supplemental Requests
B) Rescissions
C) Continuing Resolutions
ANSWERS FOR CDFM MODULE 1 EXAM PREP COMPLETE
QUESTIONS WITH 100% VERIFIED ANSWERS
1. The President is responsible to transmit the budget of the US
government to Congress no later than:
A) February 1st each year
B) 1st Monday in January each year
C) 1st Monday in February each year
D) January 1st each year
Answer: C
2. Congress processes authorization legislation, which authorizes or
allows programs to exist. They also pass appropriations, which provide
funding for programs. This is known as:
A) Budget Formulation Phase
B) Budget Execution Phase
C) Congressional Action Phase
D) Budget Resolution Phase
Answer: C
3. The President signs the bills into law that provides legal budget
authority to incur obligations and make payments out of the Treasury
for specified purposes. This is called:
A) Authorization
B) Apportionment
C) Appropriation
,D) Allotment
Answer: C
4. In the Congressional Action Phase, who holds hearings in January in
preparation for drafting the concurrent resolution of the budget?
A) Authorizing Committees
B) Appropriations Committees
C) Conference Committees
D) Budget Committees
Answer: D
5. Budget Committees report to their respective houses. The
resolution sets spending revenue and other budget targets for the
upcoming fiscal year. This occurs in:
A) February
B) January
C) September
D) April
Answer: D
6. This is the process of estimating the budgetary effects of pending
legislation and comparing them to a baseline such as a budget
resolution or to any limits that may be set in law.
A) Reconciliation
B) Mark-up
C) Authorization
D) Scorekeeping
Answer: D
7. What data does scorekeeping track?
A) Only outlays and receipts
,B) Only appropriations and authorizations
C) Budget authority, receipts, outlays, surplus or deficit, and the public
debt
D) Only budget authority and outlays
Answer: C
8. This resolution fixes new budget authority and outlay target and
establishes target for the Gross National Debt, revenues, and
surplus/deficit.
A) Appropriation Resolution
B) Budget Amendment
C) Budget Resolution
D) Continuing Resolution
Answer: C
9. This resolution does not require the signature of the President. It is
the first step in the Congressional Budget Process.
A) Joint Budget Resolution
B) Simple Budget Resolution
C) Concurrent Budget Resolution
D) Appropriation Bill
Answer: C
10. This Bill may not exceed the ceilings set in the CBR without a 60%
majority vote of the entire Congress & CBO monitors for compliance.
A) Authorization Bill
B) Supplemental Bill
C) Annual Appropriation Bill
D) Budget Resolution
Answer: C
, 11. Defense, Military Construction/Veterans Affairs & Energy and
Water are examples of:
A) Mandatory Spending
B) Authorization Acts
C) Defense-Related Appropriations Acts
D) Continuing Resolutions
Answer: C
12. When a statute's language is not clear as written, the best place to
go for interpretation of the law is:
A) The Supreme Court
B) OMB Circulars
C) Legislative History
D) The Federal Register
Answer: C
13. Who will provide DoD's position on appeal items?
A) The President
B) The Joint Chiefs
C) SECDEF
D) The Under Secretary of Defense
Answer: C
14. These amend the budget submission prior to completion of a
congressional act; they have been submitted but not yet processed by
Congress.
A) Supplemental Requests
B) Rescissions
C) Continuing Resolutions
