Most Recent AGA CGFM Exam Questions & Answers

Prepare for the AGA Certified Government Financial Manager exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the AGA CGFM exam and achieve success.

The questions for CGFM were last updated on Nov 19, 2024.

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Question No. 1

_______________have no donor-imposed restrictions as compared to permanently restricted assets (include endowments and assets such as land and artwork) that are restricted as long as the organization as the organization has custody of them.

ANet Assets

BTemporarily rusticated assets

CUnrestricted assets

DThere are no assets

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Correct Answer: C

Question No. 2

Localities contract with a consulting engineer to make a preliminary feasibility study of a project, prepare a detailed design and construction specifications, coordinate construction activities, and advice on special problems that might occur during construction. Consulting engineers are compensated in which of the following way/s?

AA lump-sum payment when a project is clearly defined

BCost-plus-fixed-fee basis when a project is not clearly defined

CA percentage of construction costs, the percentage being based on a scale developed by the Society of civil engineers

DAll of these

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Correct Answer: D

Question No. 3

Number of students enrolled, cost per student enrolled, year--end state test score and critical thinking and application of knowledge. This is an example of measures in education sector. Match these steps with the following appropriate list of types of measures.

AOutput, Efficiency Measures, Intermediate Outcome, End Outcome

BOutput, Intermediate Outcome, Efficiency Measures, End Outcome

COutput, Intermediate Outcome, End Outcome, Efficiency Measures

DEfficiency Measures, Intermediate Outcome, End Outcome, Output

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Correct Answer: A

Question No. 4

Governments and Non-profits can invest 100% of their available funds by using:

AA bank's Zero balance account (ZBA)

BMutual Funds Agencies

COTC market investments

DAll of these

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Correct Answer: A

Question No. 5

Vendors sometimes attempt to unduly influence governing board members, the CEO, and agency personnel to buy their goods or services. To avoid such situations, the governing board of a government should adopt an ethics policy. The NIGP recommends a policy that governments and non-profits might want to:

AChange the Control basics

BAdopt or adapt

Chandover the control to a third party (Consultants)

DNone of these

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Correct Answer: B

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