Day 4: Blocked Party Screening, Grants, New Audit Wps, Global Fund 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.
- 1.
What is the purpose of having Blocked party screening?
- A.
To give more work to the Finance staff
- B.
To ensure World Vision does not transact with terrorist groups
- C.
To address an audit finding
- D.
To meet Global Center standards
Correct Answer
B. To ensure World Vision does not transact with terrorist groupsExplanation
Blocked party screening is a crucial process for organizations like World Vision to prevent any transactions with terrorist groups. By conducting this screening, World Vision can identify and block any individuals or entities on government watchlists or sanctions lists, ensuring that they do not engage in any financial transactions with them. This helps to uphold legal and ethical standards and maintain the organization's reputation while also contributing to global security efforts.Rate this question:
-
- 2.
All NOs may be required to screen all grant expenditures over?
- A.
5,000 USD
- B.
50,000 USD
- C.
100,000 USD
- D.
25,000 USD
Correct Answer
A. 5,000 USDExplanation
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.Rate this question:
-
- 3.
Who should World Vision screen? (there may be more than one correct answer)
- A.
All vendors and payees over 5,000USD
- B.
All employees, current and potential
- C.
All contractors and consultants
- D.
All Board members
Correct Answer(s)
A. All vendors and payees over 5,000USD
B. All employees, current and potential
C. All contractors and consultants
D. All Board membersExplanation
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.Rate this question:
-
- 4.
In World Vision, ________ are given the special status among all forms of donor funding.
- A.
Sponsorship Projects
- B.
Grants
- C.
The National office
- D.
Microfinance projects
Correct Answer
A. Sponsorship ProjectsExplanation
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.Rate this question:
-
- 5.
Global Fund is exposed to peculiar (unique) risks, except for:
- A.
No country offices
- B.
Operates through Local Fund Agents
- C.
Procurement
- D.
Training program, Medical drugs purchase
Correct Answer
C. ProcurementExplanation
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.Rate this question:
-
- 6.
The Global Fund is currently seeking total refund of USD 44 million from various countries. Out of this, fraudulent expenses comprise _________________
- A.
USD 15 million
- B.
USD 13 million
- C.
USD 11 million
- D.
USD 3 million
Correct Answer
C. USD 11 millionExplanation
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.Rate this question:
-
- 7.
Grant funding carry lesser risk when compared with the sponsorship funding for NGO like World Vision
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
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.Rate this question:
-
- 8.
DFID grant funding is disbursed by the Government of _________________
- A.
United States of America
- B.
United Kingdom
- C.
Germany
- D.
Australia
Correct Answer
B. United KingdomExplanation
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.Rate this question:
-
- 9.
The Global Fund was created in the year ______________
- A.
2000
- B.
2001
- C.
2002
- D.
2003
Correct Answer
C. 2002Explanation
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.Rate this question:
-
- 10.
The Global Fund has provided grants for dealing with HIV / AIDS in _________________ number of countries.
- A.
Approximately 100 countries
- B.
Approximately 75 countries
- C.
Approximately 65 countries
- D.
Approximately 35 countries
Correct Answer
A. Approximately 100 countriesExplanation
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.Rate this question:
-
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 19, 2023Quiz Edited by
ProProfs Editorial Team -
Oct 17, 2011Quiz Created by
Markg23
Back to top