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Funds Administration and Contributions Quiz

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Funds Administration and Contributions Quiz

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Questions and Answers

What is the purpose of appointing a separate staff for the administration of the Fund, as mentioned in the text?

To separate the administration of the Fund from the Commission Secretariat. (correct)

To ensure efficient management of the Fund.

The text does not specify the purpose of appointing a separate staff.

To provide employment opportunities for qualified individuals.

In addition to monetary contributions, what other types of contributions can the private portion of the Fund receive?

Monetary contributions and donations only

Donations and gifts only

Materials, equipment, properties, services, and monetary contributions (correct)

Materials, equipment, properties, and services

Which institution is responsible for administering the Higher Education Development Fund?

A private financial institution

The Commission (correct)

A reputable government financial institution

The government financing institutions

What is the amount of seed capital authorized for the Fund?

$500 million Signup and view all the answers

Which government agency may the Commission seek assistance from for proper implementation of this Act?

Other government agencies Signup and view all the answers

Which statement is true regarding donations, contributions, bequests, and grants made to the Commission?

They are deductible as provided under the National Internal Revenue Code. Signup and view all the answers

What is the source of the initial $50 million appropriation for the Commission's operation?

The Philippine Amusement and Gaming Corporation (PAGCOR) funds Signup and view all the answers

Which of the following types of donation, contribution, bequest, or grant is NOT valid to be made to the Commission?

Intellectual property Signup and view all the answers

Based on the information provided, what is the primary function of the Commission?

To effectively carry out its powers and functions and attain its objectives Signup and view all the answers

Which of the following is NOT a condition for the sound and judicious management of the Fund by the Commission?

The Commission must obtain approval from the government financing institutions for the guidelines for the use of the Fund. Signup and view all the answers