Day 4: Blocked Party Screening, Grants, New Audit Wps, Global Fund Quiz

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Quizzes Created: 10 | Total Attempts: 3,202
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  • 1/10 Questions

    What is the purpose of having Blocked party screening?

    • To give more work to the Finance staff
    • To ensure World Vision does not transact with terrorist groups
    • To address an audit finding
    • To meet Global Center standards
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Day 4: Blocked Party Screening, Grants, New Audit Wps, Global Fund Quiz - Quiz
About This Quiz

This quiz is to test your ability to understand Blocked party screening (Q's 1-3), Grants min stds(Q's 4-5), New Audit WPs/Global Fund(Q's 6-10). Please choose the best answer.

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  • 2. 

    All NOs may be required to screen all grant expenditures over?

    • 5,000 USD

    • 50,000 USD

    • 100,000 USD

    • 25,000 USD

    Correct Answer
    A. 5,000 USD
    Explanation
    All NOs may be required to screen all grant expenditures over $5,000. This means that regardless of the amount, any grant expenditure exceeding $5,000 must go through a screening process. This ensures that all expenditures are carefully reviewed and approved to maintain accountability and transparency in the grant management process.

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  • 3. 

    DFID grant funding is disbursed by the Government of _________________

    • United States of America

    • United Kingdom

    • Germany

    • Australia

    Correct Answer
    A. United Kingdom
    Explanation
    DFID stands for the Department for International Development, which is a government department in the United Kingdom. Therefore, it is logical to conclude that DFID grant funding is disbursed by the Government of the United Kingdom.

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  • 4. 

    Who should World Vision screen? (there may be more than one correct answer)

    • All vendors and payees over 5,000USD

    • All employees, current and potential

    • All contractors and consultants

    • All Board members

    Correct Answer(s)
    A. All vendors and payees over 5,000USD
    A. All employees, current and potential
    A. All contractors and consultants
    A. All Board members
    Explanation
    World Vision should screen all vendors and payees over 5,000USD, all employees (both current and potential), all contractors and consultants, and all Board members. This comprehensive screening approach helps to ensure that all individuals and entities involved with World Vision are thoroughly vetted and meet the necessary requirements and standards.

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  • 5. 

    The Global Fund was created in the year ______________

    • 2000

    • 2001

    • 2002

    • 2003

    Correct Answer
    A. 2002
    Explanation
    The Global Fund was created in the year 2002. This international organization was established to fight against three major diseases: AIDS, tuberculosis, and malaria. It provides financial support to countries in need to prevent and treat these diseases, with a focus on low-income and high-burden countries. The Global Fund plays a crucial role in coordinating resources and efforts to combat these diseases globally, aiming to save lives and improve the health of millions of people worldwide.

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  • 6. 

    The Global  Fund has provided grants for dealing with HIV / AIDS in _________________ number of countries.

    • Approximately 100 countries

    • Approximately 75 countries

    • Approximately 65 countries

    • Approximately 35 countries

    Correct Answer
    A. Approximately 100 countries
    Explanation
    The Global Fund has provided grants for dealing with HIV/AIDS in approximately 100 countries. This indicates that the organization has extended its support to a large number of countries around the world to tackle the HIV/AIDS crisis. The significant number of countries shows the global reach and impact of the Global Fund's efforts in addressing this health issue.

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  • 7. 

    Global Fund is exposed to peculiar (unique) risks, except for:

    • No country offices

    • Operates through Local Fund Agents

    • Procurement

    • Training program, Medical drugs purchase

    Correct Answer
    A. Procurement
    Explanation
    Global Fund is exposed to peculiar (unique) risks related to its operations, such as operating through local fund agents, conducting training programs, and purchasing medical drugs. However, procurement is not considered a peculiar risk for Global Fund. This suggests that Global Fund has effective measures and systems in place to mitigate the risks associated with procurement activities.

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  • 8. 

    The Global Fund is currently seeking total refund of USD 44 million from various countries. Out of this, fraudulent expenses comprise _________________

    • USD 15 million

    • USD 13 million

    • USD 11 million

    • USD 3 million

    Correct Answer
    A. USD 11 million
    Explanation
    The Global Fund is currently seeking a total refund of USD 44 million from various countries. Out of this, fraudulent expenses comprise USD 11 million. This means that the Global Fund has identified fraudulent activities or expenses amounting to USD 11 million, which they are seeking to recover from the countries involved.

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  • 9. 

    In World Vision, ________ are given the special status among all forms of donor funding.

    • Sponsorship Projects

    • Grants

    • The National office

    • Microfinance projects

    Correct Answer
    A. Sponsorship Projects
    Explanation
    In World Vision, sponsorship projects are given the special status among all forms of donor funding. This is because sponsorship projects involve a long-term commitment between the donor and the sponsored child or community. The donors provide financial support to meet the child's basic needs, such as education, healthcare, and nutrition. Additionally, sponsorship projects focus on community development and empowerment, aiming to create sustainable change and break the cycle of poverty. Therefore, World Vision prioritizes sponsorship projects as they have a direct and lasting impact on the lives of sponsored children and their communities.

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  • 10. 

    Grant funding carry lesser risk when compared with the sponsorship funding for NGO like World Vision

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Grant funding carries lesser risk when compared with sponsorship funding for NGOs like World Vision because grants are typically provided by government agencies, foundations, or other organizations specifically for the purpose of supporting projects and programs. These funds are often awarded based on a competitive application process and come with specific guidelines and reporting requirements. In contrast, sponsorship funding relies on individual donors who may have varying levels of commitment and may not provide consistent or long-term support. This can create uncertainty and financial instability for NGOs. Therefore, grant funding is generally considered more reliable and stable for NGOs like World Vision.

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  • Current Version
  • Mar 19, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Oct 17, 2011
    Quiz Created by
    Markg23
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