Project Implementation Units Risk Categories
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Questions and Answers

Which category of Project Implementation Units is selected every year for audit?

  • Category A (correct)
  • Category B
  • Category C
  • Category D

What determines the frequency of audit for Project Implementation Units?

  • Number of projects completed
  • Expenditure amount (correct)
  • Location of the project
  • Size of the implementing agency

Which agreement terms are reviewed as part of the audit criteria?

  • Vendor Agreement
  • Employment Agreement
  • Escrow Agreement (correct)
  • Customer Agreement

What is the main purpose of the Project Management Control System prepared by the Independent Consultant (IC)?

<p>To monitor project implementation (C)</p> Signup and view all the answers

In which category are Project Implementation Units considered Low Risk Units?

<p>Category B (A)</p> Signup and view all the answers

What do Sample surveys/Statistical Analysis Reports contribute to in the audit criteria?

<p>Identifying private sector partners (A)</p> Signup and view all the answers

How are NHDP projects primarily financed?

<p>Cess levied on petrol and high speed diesel (C)</p> Signup and view all the answers

Which mode of financing involves private sector participation under the NHDP projects?

<p>Build Operate Transfer (BOT) framework (B)</p> Signup and view all the answers

What is the purpose of the VGF scheme mentioned in the text?

<p>To provide capital grant for PPP projects in infrastructure sectors (D)</p> Signup and view all the answers

Which organization receives toll collection revenue for road projects mentioned in the text?

<p>National Highways Authority of India (NHAI) (A)</p> Signup and view all the answers

Which type of financing involves investment by private firms and return through semi-annual payments from NHAI?

<p>Private financing under PPP frameworks (D)</p> Signup and view all the answers

What does SPV stand for in the context of road project financing?

<p>Special Purpose Vehicle (B)</p> Signup and view all the answers

What is one of the key stakeholders that NHAI interacts with regularly, according to the text?

<p>International Funding Institutions like the World Bank and ADB (D)</p> Signup and view all the answers

How are NHAI's financial statements described in terms of adherence to accounting principles?

<p>Do not completely adhere to GAAP or ICAI standards (A)</p> Signup and view all the answers

What is one of the characteristics of NHAI highlighted in the text?

<p>Has characteristics of a government department and a Public Sector Enterprise (A)</p> Signup and view all the answers

Which function involves declaring road stretches as NHs and entrusting them to NHAI?

<p>Project management function (B)</p> Signup and view all the answers

Who are some of the stakeholders that NHAI interacts with for fulfilling its role?

<p>World Bank and ADB, State Government agencies, private sector contractors (B)</p> Signup and view all the answers

What kind of accounting system does NHAI follow for its financial statements?

<p>Combination of cash and accrual basis but not fully compliant with GAAP or ICAI standards (D)</p> Signup and view all the answers

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