18 Questions
Which category of Project Implementation Units is selected every year for audit?
Category A
What determines the frequency of audit for Project Implementation Units?
Expenditure amount
Which agreement terms are reviewed as part of the audit criteria?
Escrow Agreement
What is the main purpose of the Project Management Control System prepared by the Independent Consultant (IC)?
To monitor project implementation
In which category are Project Implementation Units considered Low Risk Units?
Category B
What do Sample surveys/Statistical Analysis Reports contribute to in the audit criteria?
Identifying private sector partners
How are NHDP projects primarily financed?
Cess levied on petrol and high speed diesel
Which mode of financing involves private sector participation under the NHDP projects?
Build Operate Transfer (BOT) framework
What is the purpose of the VGF scheme mentioned in the text?
To provide capital grant for PPP projects in infrastructure sectors
Which organization receives toll collection revenue for road projects mentioned in the text?
National Highways Authority of India (NHAI)
Which type of financing involves investment by private firms and return through semi-annual payments from NHAI?
Private financing under PPP frameworks
What does SPV stand for in the context of road project financing?
Special Purpose Vehicle
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
How are NHAI's financial statements described in terms of adherence to accounting principles?
Do not completely adhere to GAAP or ICAI standards
What is one of the characteristics of NHAI highlighted in the text?
Has characteristics of a government department and a Public Sector Enterprise
Which function involves declaring road stretches as NHs and entrusting them to NHAI?
Project management function
Who are some of the stakeholders that NHAI interacts with for fulfilling its role?
World Bank and ADB, State Government agencies, private sector contractors
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
Learn about the risk categories assigned to Project Implementation Units based on their expenditures, and the frequency of audits for each category. Discover the criteria for categorizing units as High Risk, Medium Risk, and Low Risk.
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