IIA Exam IIA-CGAP Topic 3 Question 88 Discussion

Actual exam question for IIA's IIA-CGAP exam

Question #: 88
Topic #: 3

Grants are used by governments to operate programs and provide services. Common types of grant classifications include the following given below please choose the correct option:

AFormula grants --- legally mandated funding levels and restrictions on eligible grantees, with little or no discretion being exercised by the grantor.

BProject grants --- Similar to contracts because grantors agree to pay the grantee for services, performance, or a specific project.

CConstruction grants --- Awarded only for construction of permanent facilities.

DAll of the above.

ENone of the above.

Show Suggested Answer

Suggested Answer: D

by Lawrence at Sep 17, 2024, 04:29 PM

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Cecily

25 days ago

I'm going with B. Project grants. That just sounds like the most logical option to me. Who needs all those other complicated grant types?

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Tegan

1 months ago

Definitely D. I've worked with grants before, and this covers all the common types we've dealt with. No need to overthink this one.

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Hyun

1 days ago

B) Project grants --- Similar to contracts because grantors agree to pay the grantee for services, performance, or a specific project.

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Twana

10 days ago

A) Formula grants --- legally mandated funding levels and restrictions on eligible grantees, with little or no discretion being exercised by the grantor.

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Kenneth

1 months ago

I'm not sure, but I think option A) Formula grants is also a common type of grant classification.

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Caren

2 months ago

I agree with Lavonda, because all three types of grants are commonly used by governments.

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Vernice

2 months ago

I think the correct answer is D. All of the above. The question clearly lists the different types of grants, and each option describes a valid grant classification.

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