No. 18 Part 1 Budgeting_neda_icc

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No. 18 Part 1 Budgeting_neda_icc - Quiz

Questions and Answers
  • 1. 

    Involves sharing limited resources among severalproject groups of or functions in a project environment

    • A.

      Budgeting

    • B.

      Investing

    • C.

      Financing

    • D.

      Sharing

    Correct Answer
    A. Budgeting
    Explanation
    Budgeting involves the allocation and distribution of limited resources among various project groups or functions in a project environment. It is the process of creating a financial plan that outlines the estimated income and expenses for a specific period. By setting a budget, organizations can ensure that resources are allocated efficiently and effectively to meet the objectives of each project group or function. This allows for better financial management and decision-making, ultimately contributing to the success of the overall project.

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  • 2. 

    - collecting data from upper-levelsources such as top and middle managers; figures supplied maycome from their personal judgment, past experience or pastdata on similar project activities

    • A.

      TOP-DOWN BUDGETTING

    • B.

      BOTTOM-UP BUDGETTING

    • C.

      COST MONITORING

    • D.

      TOP-SIDE BUDGETTING

    Correct Answer
    A. TOP-DOWN BUDGETTING
    Explanation
    The given explanation suggests that the correct answer is "TOP-DOWN BUDGETTING" because it involves collecting data from upper-level sources such as top and middle managers. These sources may provide figures based on their personal judgment, past experience, or past data on similar project activities. This implies that the budgeting process starts from the top-level management and is then cascaded down to lower levels.

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  • 3. 

    It is important as project progresses toidentify areas of unacceptable cost performance

    • A.

      COST MONITORING

    • B.

      TOP-DOWN BUDGETTING

    • C.

      BOTTOM-UP BUDGETTING

    • D.

      SIDE-DOWN BUDGETTING

    Correct Answer
    A. COST MONITORING
    Explanation
    Cost monitoring is the correct answer because as a project progresses, it is crucial to track and monitor the costs involved. This helps in identifying any areas where the cost performance is unacceptable or exceeding the budget. By closely monitoring the costs, the project manager can take necessary actions to control and manage the budget effectively. This includes analyzing cost variances, identifying cost overruns, and implementing corrective measures to ensure that the project stays within the planned budget.

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  • 4. 

    The decision-making process by which organizationidentifies and evaluates the financial benefits ofproposed projects and decides:• Which investment projects are Needed, Possible, or projectsthat require significant up-front capital investment• How to allocate available capital between different projects• If additional capital is needed

    • A.

      CAPITAL RATIONING

    • B.

      TOP DOWN BUDGETTING

    • C.

      BOTTOM UP BUDGETTING

    • D.

      SIDE DOWN BUDGETTING

    Correct Answer
    A. CAPITAL RATIONING
    Explanation
    ANOTHER TERM IS " CAPITAL BUDGETTING"

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  • 5. 

    Sophisticated capital budgeting techniques take intoconsideration depreciation schedules, tax information,inflation and other economic considerations.

    • A.

      CAPITAL BUDGETTING

    • B.

      TOP DOWN BUDGETTING

    • C.

      BOTTOM UP BUDGETING

    • D.

      NONE OF THE CHOICES

    Correct Answer
    A. CAPITAL BUDGETTING
    Explanation
    another term is Capital Rationing

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  • 6. 

    • process of weighing the expected benefits against theinitial and expected costs over the life cycle of a projectCalculated as: Xn = (G – C –I) – t – P      whereG = gross income per yearC = expenses for year nI = interest payment for year nt = taxes for year nP = principal payment for year n

    • A.

      Revenue Requirement Analysis

    • B.

      Linear regression

    • C.

      Multilinear regression

    • D.

      Cost benefit analysis

    Correct Answer
    A. Revenue Requirement Analysis
    Explanation
    The given correct answer for this question is "Revenue Requirement Analysis". Revenue Requirement Analysis is a process that involves weighing the expected benefits against the initial and expected costs over the life cycle of a project. It calculates the net income by subtracting expenses, interest payments, taxes, and principal payments from the gross income. This analysis helps determine the revenue needed to cover expenses and generate a profit.

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  • 7. 

    Fund Sources for Plan Implementation are the following except

    • A.

      Special levy fund

    • B.

      Official Development Assistance

    • C.

      Bilateral Agreement Funds

    • D.

      Specialized Funds and Financing Programs

    • E.

      Local Institutions

    • F.

      Bond Flotation

    Correct Answer
    A. Special levy fund
    Explanation
    The correct answer is "special levy fund" because it is not a source of funding for plan implementation. Special levy funds typically refer to taxes or fees imposed on specific groups of individuals or properties for a particular purpose, such as funding infrastructure projects or public services. However, in the context of plan implementation, special levy funds are not commonly used as a source of financing. Instead, the other options listed (Official Development Assistance, Bilateral Agreement Funds, Specialized Funds and Financing Programs, Local Institutions, and Bond Flotation) are more commonly utilized sources of funding for plan implementation.

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  • 8. 

    Resource flows provided by bilateralsources and multilateral institutions with the objective of promoting the economic development and welfare of the recipient country

    • A.

      ODA

    • B.

      Bilateral Agreement Funds

    • C.

      Specialized Funds and Financing Programs

    • D.

      Local Institutions

    • E.

      Bond Flotation

    Correct Answer
    A. ODA
    Explanation
    ODA stands for Official Development Assistance. It refers to resource flows provided by bilateral sources and multilateral institutions with the objective of promoting the economic development and welfare of the recipient country. ODA can include funds from bilateral agreements, specialized funds and financing programs, as well as support from local institutions. Bond flotation, on the other hand, refers to the process of issuing bonds to raise capital and is not directly related to ODA. Therefore, the correct answer is ODA.

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  • 9. 

    As of present time how many regions we have?

    • A.

      18

    • B.

      11

    • C.

      16

    • D.

      14

    Correct Answer
    A. 18
    Explanation
    17 regions + 1

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  • 10. 

    Bilateral Agreement Funds - like RP-Japan Technical Assistanceagreements, JICA used to finance the conduct of studies and other relatedactivities

    • A.

      ODA

    • B.

      Bilateral Agreement Funds

    • C.

      Specialized Funds and Financing Programs

    • D.

      Local Institutions

    • E.

      Bond Flotation

    Correct Answer
    B. Bilateral Agreement Funds
    Explanation
    Bilateral Agreement Funds refer to the funds that are provided through bilateral agreements between two countries. In this context, the RP-Japan Technical Assistance agreements are mentioned as an example of such funds. These funds are used to finance various activities, including the conduct of studies and other related activities. Therefore, the correct answer is Bilateral Agreement Funds.

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  • 11. 

    Available to private sector tofinance specific sector projects of the economy

    • A.

      ODA

    • B.

      Bilateral Agreement Funds

    • C.

      Specialized Funds and Financing Programs

    • D.

      Local Institutions

    • E.

      Bond Flotation

    Correct Answer
    C. Specialized Funds and Financing Programs
    Explanation
    Specialized Funds and Financing Programs are available to the private sector to finance specific sector projects of the economy. These funds and programs are designed to provide targeted financial support for projects in areas such as infrastructure development, agriculture, education, healthcare, and renewable energy. They are often established by governments, international organizations, or development banks to encourage investment in priority sectors and promote economic growth. These specialized funds and financing programs offer various financial instruments such as grants, loans, guarantees, and equity investments to support the implementation of projects and attract private sector participation.

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  • 12. 

    Could either be government–owned or private used to finance projects

    • A.

      ODA

    • B.

      Bilateral Agreement Funds

    • C.

      Specialized Funds and Financing Programs

    • D.

      Local Institutions

    • E.

      Bond Flotation

    Correct Answer
    D. Local Institutions
    Explanation
    Local institutions could either be government-owned or private and are used to finance projects. These institutions can include banks, financial institutions, or development agencies that provide funds for various projects. They may offer loans, grants, or other financial assistance to support development initiatives. By leveraging local resources and expertise, these institutions play a crucial role in funding and implementing projects at the local level.

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  • 13. 

    May be floated to finance specific activities such as those undertaken by other regions/provinces to generate additional investment requirements for major development projects

    • A.

      ODA

    • B.

      Bilateral Agreement Funds

    • C.

      Specialized Funds and Financing Programs

    • D.

      Local Institutions

    • E.

      Bond Flotation

    Correct Answer
    E. Bond Flotation
    Explanation
    Bond flotation refers to the process of issuing bonds to raise funds for specific activities. It is a method commonly used by governments and organizations to finance major development projects. By issuing bonds, the government or organization can generate additional investment requirements and attract investors who are willing to lend money in exchange for regular interest payments. This allows the government or organization to fund projects that may be beyond their current budgetary capacity. Bond flotation is a form of debt financing that provides a long-term source of funding for various activities, including those undertaken by other regions or provinces.

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  • 14. 

    “AN ACT EXCLUDING OFFICIAL DEVELOPMENT ASSISTANCE (ODA) FROM THE FOREIGN DEBT LIMIT IN ORDER TO FACILITATE THE ABSORPTION AND OPTIMIZE THE UTILIZATION OF ODA RESOURCES, AMENDING FOR THE PURPOSE PARAGRApH 1, SECTION 2 OF REPUBLIC ACT NO. 4860, AS AMENDED

    • A.

      RA. 8182)

    • B.

      RA 8555

    • C.

      RA 10066

    • D.

      RA 7076

    Correct Answer
    A. RA. 8182)
    Explanation
    Amended by RA 8555

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  • 15. 

    General Appropriations Act

    • A.

      RA 10155

    • B.

      RA 10121

    • C.

      RA 8182

    • D.

      RA 7924

    Correct Answer
    A. RA 10155
    Explanation
    RA 10155 is the correct answer because it is the General Appropriations Act. The General Appropriations Act is a law that authorizes the government to spend public funds for a specific fiscal year. It outlines the budget allocations for different government agencies and programs. RA 10155 specifically refers to the General Appropriations Act for a particular year, indicating that it is the correct answer in this context.

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  • 16. 

    2 main characteristic that will qualify if project is ODA

    • A.

      Concessional and geared to economic & social welfare development

    • B.

      Official & not belong to PEZA

    • C.

      Private sector funded

    • D.

      None of the choices

    Correct Answer
    A. Concessional and geared to economic & social welfare development
    Explanation
    The correct answer is "Concessional and geared to economic & social welfare development." This means that for a project to be considered ODA (Official Development Assistance), it must have concessional terms, meaning it provides financial assistance on more favorable conditions than commercial loans. Additionally, the project must be focused on promoting economic and social welfare development. The other options mentioned in the question, such as being official and not belonging to PEZA (Philippine Economic Zone Authority) or being funded by the private sector, are not the main characteristics that determine if a project is ODA.

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  • 17. 

    Loan Eligibility Criteria for a project if it meet the following criteria except 

    • A.

      Must be aesthetic and structutally sound project

    • B.

      Viable project

    • C.

      Should be in the LDP and AIP

    • D.

      Nature of project must be revenue generating or cost-saving

    Correct Answer
    A. Must be aesthetic and structutally sound project
    Explanation
    The loan eligibility criteria for a project include the following: it must be a viable project, it should be in the LDP and AIP, and the nature of the project must be revenue generating or cost-saving. However, the project does not necessarily have to be aesthetic and structurally sound in order to meet the loan eligibility criteria.

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  • 18. 

     LGUs are authorized to enter into lease contract agreements with suppliers with option to purchase later on, in acquiring property, plant, machinery, equipment,etc

    • A.

      Deferred Payments Schemes

    • B.

      On the spot payment

    • C.

      No payment at all scheme

    • D.

      Downpayment scheme

    Correct Answer
    A. Deferred Payments Schemes
    Explanation
    LGUs are authorized to enter into lease contract agreements with suppliers with an option to purchase later on. This means that the LGUs can acquire property, plant, machinery, equipment, etc. through a deferred payment scheme. In this scheme, the LGU can make payments for the acquisition over a period of time instead of making an on-the-spot payment or no payment at all. This allows the LGU to manage its finances more effectively and acquire the necessary assets while spreading out the cost over a longer period.

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  • 19. 

    LGU bond flotation is subject only to the rules and regulations of the

    • A.

      BSP and SEC

    • B.

      NEDA

    • C.

      DBM & SEC

    • D.

      BSP & DBM

    Correct Answer
    A. BSP and SEC
    Explanation
    The correct answer is BSP and SEC. LGU bond flotation refers to the process of issuing bonds by Local Government Units. In this process, the rules and regulations of the BSP (Bangko Sentral ng Pilipinas) and SEC (Securities and Exchange Commission) are applicable. These regulatory bodies ensure that the issuance of bonds by LGUs complies with the necessary guidelines and safeguards the interests of investors. NEDA (National Economic and Development Authority) and DBM (Department of Budget and Management) are not directly involved in the regulation of bond flotation by LGUs.

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  • 20. 

     - An instrument bearing obligation by the LGU to finance operation or capital cost; Bond issuer is the LGU but this bond under LGU is NOT tax exempted

    • A.

      Local Bond

    • B.

      Surety bond

    • C.

      Performance bond

    • D.

      Guaranty bond

    Correct Answer
    A. Local Bond
    Explanation
    A local bond is an instrument issued by a local government unit (LGU) to raise funds for either operational or capital expenses. Unlike other types of bonds, this particular bond is not tax-exempted. This means that the interest earned from the bond will be subject to taxation.

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  • 21. 

    Local Bond under LGU states that Recommendation of Finance Secretary and President’s approval are not required.However, Approval of Finance Secretary is only required were bond issue shall 

    • A.

      Bear guarantee of national government

    • B.

      Not bear guarantee of national government

    • C.

      If project worth up to 300 M that needs ICC approval

    • D.

      None of the choices

    Correct Answer
    A. Bear guarantee of national government
    Explanation
    The correct answer is "bear guarantee of national government." This means that if the bond issue is going to have a guarantee from the national government, then the approval of the Finance Secretary is required. However, if the bond issue does not have a guarantee from the national government, then the approval of the Finance Secretary is not required.

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  • 22. 

    The central planning agency of the country,The independent planning agency (according to the1987 Constitution),Socio-economic development planning agency,Sectoral development and physical framework planning agency,Development agency (more than just mere planning)

    • A.

      NEDA

    • B.

      DBM

    • C.

      MMC

    • D.

      Department of FInance

    Correct Answer
    A. NEDA
    Explanation
    NEDA stands for the National Economic and Development Authority. It is the central planning agency of the country and is responsible for socio-economic development planning. NEDA plays a crucial role in formulating and implementing the country's development plans and policies. It is an independent agency, according to the 1987 Constitution, and goes beyond mere planning by also being involved in the overall development of the country.

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  • 23. 

     NEDA functions except

    • A.

      Coordination of HUC's projects

    • B.

      Development planning and policy formulation

    • C.

      Investment programming and budgeting

    • D.

      ODA management

    • E.

      Project monitoring and evaluation

    • F.

      PPP project coordination and evaluation

    Correct Answer
    A. Coordination of HUC's projects
    Explanation
    The correct answer is "Coordination of HUC's projects". This answer is correct because the question asks for functions that are NOT performed by NEDA. The other options listed are all functions that are performed by NEDA, such as development planning, investment programming, project monitoring, and PPP project coordination. However, coordination of HUC's projects is not a function of NEDA, so it is the correct answer.

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  • 24. 

    NEDA Interagency Committees except one

    • A.

      National Statistics Office

    • B.

      Investment Coordinating Committee

    • C.

      Development Budget Coordinating Committee

    • D.

      Infrastructure Development Committee

    • E.

      Social Development Committee

    • F.

      Regional Development Committee (RDCom)

    • G.

      Legislative-Executive Development Advisory Council (LEDAC)

    Correct Answer
    A. National Statistics Office
    Explanation
    NSO is one of the attached committees

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  • 25. 

    The present form of the NEDA was organized by President Corazon C. Aquino on July 22, 1987 through_________. It defined the composition of the NEDA Board and the Secretariat and its powers and functions, the powers and functions of the Authority and its committees

    • A.

      Executive Order No. 230

    • B.

      Memorandum Order No. 222

    • C.

      Republic Act No. 7640

    • D.

      RA 3178

    Correct Answer
    A. Executive Order No. 230
    Explanation
    President Fidel V. Ramos signed Memorandum Order No. 222 which reactivated the NEDA Board Executive Committee and mandating that the decisions of the NEDA Board Executive Committee shall be final, executory and binding upon the NEDA Board.[4]

    On July 27, 1992, president Ramos signed Republic Act No. 7640, which constituted the Legislative-Executive Development Advisory Committee (LEDAC). The LEDAC serves as a consultative and advisory body to the President as the head of the NEDA and gives advice on certain programs and policies, which are essential to the realization of the goals of national development.

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  • 26. 

    NEDA Attached Agencies except one 

    • A.

      Legislative-Executive Development Advisory Council (LEDAC)

    • B.

      National Statistics Office

    • C.

      Statistical Research and Training Center

    • D.

      Philippine Institute for Development Studies

    • E.

      PPP Center

    • F.

      National Statistical Coordination Board

    Correct Answer
    A. Legislative-Executive Development Advisory Council (LEDAC)
    Explanation
    president Ramos signed Republic Act No. 7640, which constituted the Legislative-Executive Development Advisory Committee (LEDAC) is one of the Interagency commitees.

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  • 27. 

    The counterpart of the NEDA Board at the regional level.Its functions mirror the functions of the NEDA Board.Chair and Co-chair are from the government (local) and private; appointed by the President. Has regular sectoral and special committees

    • A.

      Regional Development Council

    • B.

      Local Development Council

    • C.

      Provincial Development Council

    • D.

      All of the choices

    Correct Answer
    A. Regional Development Council
    Explanation
    The Regional Development Council is the correct answer because it is the counterpart of the NEDA Board at the regional level. It functions similarly to the NEDA Board and has regular sectoral and special committees. The Chair and Co-chair of the Regional Development Council are appointed by the President and come from both the government (local) and private sectors. The other options, Local Development Council and Provincial Development Council, do not fully match the description given in the question.

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  • 28. 

    Sectoral, regular and special committees of the RDC except one

    • A.

      LGU Committee

    • B.

      Infrastructure Development Committee

    • C.

      Social Development Committee

    • D.

      Economic Development Committee

    • E.

      Development Administration Committee

    • F.

      Macro-intersectoral and Finance Committee

    Correct Answer
    A. LGU Committee
    Explanation
    Other committees (examples)
    Regional Statistical Coordinating Committee
    Regional Project Monitoring Committee
    Regional Land Use Committee
    Regional Committee on Sustainable Development
    Regional Gender and Development Coordinating Committee

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  • 29. 

    The Reorganization Plan 53-A of the Government Survey and Reorganization Commission of 1954 divided the regions by?

    • A.

      8

    • B.

      11

    • C.

      12

    • D.

      13

    • E.

      14

    • F.

      16

    • G.

      17

    Correct Answer
    A. 8
  • 30. 

    RA 5435 created the Commission on Reorganization in 1968, followed by PD 1 that makes the region in to?

    • A.

      11

    • B.

      12

    • C.

      13

    • D.

      17

    Correct Answer
    A. 11
  • 31. 

    RA 7901 (February 25, 1995) created the Caraga Region with 4 provinces and 2 cities.Transferred Sultan Kudarat from Region XII to Region XI. Thus,Number of regions increased to

    • A.

      16

    • B.

      8

    • C.

      17

    • D.

      11

    Correct Answer
    A. 16
    Explanation
    The correct answer is 16. The creation of the Caraga Region with 4 provinces and 2 cities, along with the transfer of Sultan Kudarat from Region XII to Region XI, resulted in an increase in the number of regions to 16.

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  • 32. 

    NGA Financing options except one 

    • A.

      Commisioning profit

    • B.

      Borrowing/bond flotation

    • C.

      Private sector grants/donations

    • D.

      Private sector investment (e.g. PPP and its variant schemes)

    • E.

      ODA loans and grants

    • F.

      National domestic revenues (e.g. taxes)

    Correct Answer
    A. Commisioning profit
    Explanation
    The correct answer is "Commisioning profit." This option refers to the profit generated from the commissioning of a project or service. However, the other financing options listed, such as borrowing/bond flotation, private sector grants/donations, private sector investment (e.g. PPP and its variant schemes), ODA loans and grants, and national domestic revenues (e.g. taxes), are all viable sources of financing for NGA (Next Generation Access) projects.

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  • 33. 

    LGU financing Option sources except one 

    • A.

      Jueteng Payola

    • B.

      Internal revenue allotment

    • C.

      Local taxes and income

    • D.

      ODA loans and grants

    • E.

      Borrowing/bond flotation

    • F.

      Private sector investment national government grants

    • G.

      Private sector grants/donations

    Correct Answer
    A. Jueteng Payola
  • 34. 

    Loans and grants to the Philippines provided by bilateral and multilateral institutions that must meet the following character:(1)  promotion of economic development(2)  concessional in character, i.e. lower   interest rates and longer maturity/grace   periodsThe term was coined by DAC-Development Assistance Commitee for OECD

    • A.

      ODA

    • B.

      DAC

    • C.

      DAO

    • D.

      ADA

    Correct Answer
    A. ODA
    Explanation
    The full definition of ODA is:

    Flows of official financing administered with the promotion of the economic development and welfare of developing countries as the main objective, and which are concessional in character with a grant element of at least 25 percent (using a fixed 10 percent rate of discount). By convention, ODA flows comprise contributions of donor government agencies, at all levels, to developing countries (“bilateral ODA”) and to multilateral institutions. ODA receipts comprise disbursements by bilateral donors and multilateral institutions.
    — OECD, Glossary of Statistical Terms [2]

    In other words, ODA needs to contain the three elements:
    (a) undertaken by the official sector (official agencies, including state and local governments, or their executive agencies)[1]
    (b) with promotion of economic development and welfare as the main objective; and
    (c) at concessional financial terms (if a loan, having a grant element of at least 25 per cent).

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  • 35. 

    ODA grants mainly used for the following except

    • A.

      None of the choices

    • B.

      Transfer of technology

    • C.

      Pre-investment activities

    • D.

      Research and development

    • E.

      Institution building

    • F.

      Human resources development

    Correct Answer
    A. None of the choices
    Explanation
    ODA FORMS
    soft loans
    - interest rates range from 0% to 7%
    - maturity periods range from 10-50 yrs.
    - grace periods range from 5-10 yrs.
    grants
    - no repayment obligation
    - provided in the form of experts, equipment, and training

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  • 36. 

    An inter-agency committee established under Executive Order No. 230, entitled “Reorganizing the National Economic and Development Authority” engaged in rationalizing national public investments and expenditures

    • A.

      ICC

    • B.

      NEDA

    • C.

      LEDAC

    • D.

      NLUC

    Correct Answer
    A. ICC
    Explanation
    The correct answer is ICC. The explanation is that the inter-agency committee established under Executive Order No. 230, which is titled "Reorganizing the National Economic and Development Authority," is referred to as ICC. This committee is responsible for rationalizing national public investments and expenditures.

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  • 37. 

    ICC main functions are the following except

    • A.

      None of the choices

    • B.

      Review the fiscal, monetary and BOP implications of MCPs and recommend to the President the timetable of the implementation of these projects;

    • C.

      Submit to the President a status of the fiscal (budgetary), monetary (credit), and BOP implications of MCPs

    • D.

      Review/evaluate specific MCPs with respect to technical, financial, economic, social, and institutional development, feasibility/viability as well as from the context of sectoral plans and geographical strategies, and submit to the NEDA Board (NB) for confirmation of ICC action

    Correct Answer
    A. None of the choices
    Explanation
    The main functions of the ICC include reviewing the fiscal, monetary, and balance of payments implications of MCPs and recommending the implementation timetable to the President. They also submit a status report on the fiscal, monetary, and BOP implications of MCPs. Additionally, the ICC reviews and evaluates specific MCPs in terms of technical, financial, economic, social, and institutional development, feasibility, and viability. They also consider sectoral plans and geographical strategies and submit their recommendations to the NEDA Board for confirmation. None of the given choices accurately describe the functions of the ICC.

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  • 38. 

    EO 230 assigns the _______ as the highest decision-making body in the ExecutiveBranch

    • A.

      ICC-CC

    • B.

      ICC

    • C.

      ICC-TB

    • D.

      ICC secretariat

    Correct Answer
    A. ICC-CC
    Explanation
    Investment Coordination Committee Structure
    ICC SECRETARIAT
    ICC CABINET
    COMMITTEE
    ICC TECHNICAL
    BOARD
    NEDA BOARD
    Confirms ICC decisions; NEDA Board approval as pre-conditions for: (1) Loans and
    guarantees of national government; (2) Private sector access to ODA financing; (3)
    Obtaining BSP authority to negotiate for foreign loans and Monetary Board approval for
    foreign borrowings; and (4) Budgetary appropriations.
    Establishes desirability of the proposed projects vis-à-vis national government priorities
    and other considerations
    Membership: NEDA - Chair; DOF – Co-Chair; Members: OP, DBM, DTI, DA, BSP, DENR, PPP
    Center, DOE

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  • 39. 

    ICC-CC chairperson & Co-Chairperson 

    • A.

      Secretary of Finance & Secretary of Socio-economic Planning(NEDA)

    • B.

      Secretary of Socio-economic Planning(NEDA) & Secretary of Finance

    • C.

      President

    • D.

      Secretariat

    Correct Answer
    A. Secretary of Finance & Secretary of Socio-economic Planning(NEDA)
    Explanation
    The correct answer is Secretary of Finance & Secretary of Socio-economic Planning(NEDA). This answer is based on the given options, which include various positions and roles. Among these options, the Secretary of Finance and the Secretary of Socio-economic Planning(NEDA) are the most relevant to the position of ICC-CC chairperson & Co-Chairperson. These two positions are directly related to financial and economic planning, which aligns with the responsibilities of the ICC-CC chairperson & Co-Chairperson.

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  • 40. 

    This ICC structure that  deliberates on program/project proposals and endorses meritorious ones to the ICC-CC for approval. In particular, it focuses on the various options available to proponents in implementing and financing a program/project. Towards this end, it provides direct advice to the proponent on how proposals can be improved upon before they are elevated to the ICC-CC for approval. Programs/projects presented for this structure deliberations are evaluated by the ICC Secretariat

    • A.

      ICC-TB

    • B.

      ICC-CC

    • C.

      ICC

    • D.

      ICC secretariat

    Correct Answer
    A. ICC-TB
    Explanation
    The ICC-TB is a structure that evaluates program/project proposals and recommends the ones that are meritorious to the ICC-CC for approval. It focuses on providing guidance to proponents on how to enhance their proposals before they are presented to the ICC-CC. The ICC Secretariat is responsible for assessing the programs/projects that are brought forward for deliberation by the ICC-TB.

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  • 41. 

    The ICC-TB is composed of senior representatives from the following agencies: 

    • A.

      NEDA - Chairperson Department of Finance - Co-Chairperson

    • B.

      DOF - Chairperson NEDA - Co-Chairperson

    • C.

      ICC secretariat

    • D.

      President

    Correct Answer
    A. NEDA - Chairperson Department of Finance - Co-Chairperson
    Explanation
    The correct answer is NEDA - Chairperson and Department of Finance - Co-Chairperson. This means that the ICC-TB is composed of senior representatives from the National Economic and Development Authority (NEDA) as the Chairperson and the Department of Finance (DOF) as the Co-Chairperson. These two agencies play a crucial role in the decision-making process and coordination of the ICC-TB.

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  • 42. 

    Provides technical staff support to the Technical Board and Cabinet Committee, incoordination with other government agencies

    • A.

      ICC Secretariat

    • B.

      ICC-TB

    • C.

      ICC-CC

    • D.

      NB

    Correct Answer
    A. ICC Secretariat
    Explanation
    The ICC Secretariat is responsible for providing technical staff support to the Technical Board and Cabinet Committee, in coordination with other government agencies. This means that the ICC Secretariat assists these bodies by offering technical expertise and assistance in their decision-making processes. They work closely with other government agencies to ensure effective coordination and collaboration.

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  • 43. 

    Serves as the Secretariat of the ICC

    • A.

      NEDA secretariat

    • B.

      ICC seretariat

    • C.

      NEDA

    • D.

      ICC-CC Co Chaiperson

    Correct Answer
    A. NEDA secretariat
    Explanation
    The correct answer is NEDA secretariat. NEDA stands for the National Economic and Development Authority, which is an agency in the Philippines responsible for coordinating and monitoring socioeconomic development efforts. The NEDA secretariat serves as the administrative arm of the agency, supporting its functions and activities. Therefore, it is the NEDA secretariat that serves as the Secretariat of the ICC (International Criminal Court).

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  • 44. 

    ICC review/decisions cover Programs/projects of national line agencies with total cost of  ________and above regardless of financing

    • A.

      PhP500 million

    • B.

      PhP300 million

    • C.

      PhP200 million

    • D.

      PhP400 million

    Correct Answer
    A. PhP500 million
    Explanation
    The correct answer is PhP500 million. ICC review/decisions cover programs/projects of national line agencies with a total cost of PhP500 million and above regardless of financing. This means that any program or project with a cost equal to or exceeding PhP500 million will be subject to review and decision-making by the ICC, regardless of how it is being financed.

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  • 45. 

    For projects of national line agencies and GOCCs implemented through the BOT and itsvariant schemes.Those costing up to_________  shall be submitted to the ICC for its approval;

    • A.

      PhP300 million

    • B.

      PhP150 million

    • C.

      PhP250 million

    • D.

      PhP50 million

    Correct Answer
    A. PhP300 million
    Explanation
    For projects of national line agencies and GOCCs implemented through the BOT and its
    variant schemes.
    a. Those costing up to PhP300 million shall be submitted to the ICC for its approval;
    and
    b. Those costing more than PhP300 million shall be submitted to the NEDA Board for
    its approval, upon recommendation of the ICC;

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  • 46. 

    ICC scope of review and decision covers for local BOT projects to be implemented by local government units (LGUs) costing above

    • A.

      PhP200 million

    • B.

      PhP250 million

    • C.

      PhP300 million

    • D.

      PhP500 million

    Correct Answer
    A. PhP200 million
    Explanation
    The correct answer is PhP200 million. The explanation for this is that the ICC (Investment Coordination Committee) scope of review and decision covers local BOT (Build-Operate-Transfer) projects to be implemented by local government units (LGUs) costing above PhP200 million. This means that any BOT project implemented by an LGU with a cost of PhP200 million or below would not fall under the ICC's scope of review and decision.

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  • 47. 

    The following falls on NEDA PROJECT DEVELOPMENT CYCLE except one

    • A.

      Pro investment phase

    • B.

      Pre investment phase

    • C.

      Investment phase

    • D.

      Post investment phase

    Correct Answer
    A. Pro investment phase
    Explanation
    The correct answer is "pro investment phase." The NEDA Project Development Cycle consists of four phases: pre-investment phase, investment phase, post-investment phase, and evaluation phase. The pre-investment phase involves project identification, feasibility studies, and project preparation. The investment phase includes project financing, implementation, and monitoring. The post-investment phase focuses on project operation, maintenance, and evaluation. However, the "pro investment phase" is not a recognized phase in the NEDA Project Development Cycle.

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  • 48. 

    Falls on pre investment phase(Neda Project Development Cycle)1. project identification2. project preparation3.project evaluation4.project appraisal & financing

    • A.

      1,2,4

    • B.

      2,3,4

    • C.

      1,2,3

    • D.

      1& 4

    Correct Answer
    A. 1,2,4
    Explanation
    pre inestment phase
    1. project identification
    2. preparation
    3.appraisal & financing

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  • 49. 

    NEDA project development cycle investment phase1.project implementation     2.project monitoring    3.detailed engineering design          4.detailed investment plan

    • A.

      1,3

    • B.

      2,4

    • C.

      1,2,3

    • D.

      2,3,4

    Correct Answer
    A. 1,3
    Explanation
    NEDA project development cycle investment phase
    -project implementation
    -detailed engineering design

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  • 50. 

    NEDA project development cycle Post investment phase1. project handing over2.post project analysis3. project evaluation4.ex post  valuation5. project operation

    • A.

      5,4

    • B.

      3,4

    • C.

      1,2,3

    • D.

      2,3,1

    Correct Answer
    A. 5,4
    Explanation
    Post investment phase
    -project operation
    -ex post valuation

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Quiz Review Timeline +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 17, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Aug 02, 2016
    Quiz Created by
    Arkitekdlf
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