CGMS PRACTICE EXAM QUESTIONS
AND ANSWERS WITH COMPLETE
SOLUTIONS 100% CORRECT RATED A+
1. At closeout, what must recipients do regarding real property that is no
longer needed to achieve the objective for which it was originally purchased?
-Answer: Request disposition instructions from the grantor.
2. Who is required to submit financial and performance reports?
-Answer: Recipients during the award periods.
3. Recipients may negotiate with the federal awarding agency about which of
the following provisions?
-Answer: The transfer of funds among direct cost categories to effect budget
changes for awards.
4. How may program income be used as specified in a federal grants award?
-Answer: To further eligible activities for that grant.
5. In addition to the award dollar amount, what other dollar amount is
provided on the notice of award?
-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? -
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
AND ANSWERS WITH COMPLETE
SOLUTIONS 100% CORRECT RATED A+
1. At closeout, what must recipients do regarding real property that is no
longer needed to achieve the objective for which it was originally purchased?
-Answer: Request disposition instructions from the grantor.
2. Who is required to submit financial and performance reports?
-Answer: Recipients during the award periods.
3. Recipients may negotiate with the federal awarding agency about which of
the following provisions?
-Answer: The transfer of funds among direct cost categories to effect budget
changes for awards.
4. How may program income be used as specified in a federal grants award?
-Answer: To further eligible activities for that grant.
5. In addition to the award dollar amount, what other dollar amount is
provided on the notice of award?
-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? -
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
