Project Implementation Units Risk Categories

Play an AI-generated podcast conversation about this lesson

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)?

To monitor project implementation (C) Signup and view all the answers

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

Category B (A) Signup and view all the answers

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

Identifying private sector partners (A) Signup and view all the answers

How are NHDP projects primarily financed?

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

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

Build Operate Transfer (BOT) framework (B) Signup and view all the answers

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

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

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

National Highways Authority of India (NHAI) (A) Signup and view all the answers

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

Private financing under PPP frameworks (D) Signup and view all the answers

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

Special Purpose Vehicle (B) Signup and view all the answers

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

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

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

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

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

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

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

Project management function (B) Signup and view all the answers

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

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

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

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