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</p> Signup and view all the answers

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

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

    How are NHDP projects primarily financed?

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

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

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

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

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

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