Republic Act 9155: The Government of Basic Education Act of 2001
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Questions and Answers

What is the minimum percentage of their unimpaired surplus that government financing institutions must contribute to the Fund starting in Fiscal Year 1995?

  • 3% (correct)
  • 4%
  • 5%
  • 2%

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

  • Materials, equipment, properties, and services
  • Monetary contributions and donations only
  • Materials, equipment, properties, services, and monetary contributions (correct)
  • Donations and gifts only

    • 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 condition must be met for the Commission to appoint a reputable government financial institution as the portfolio manager of the Fund?

    <p>No specific condition is mentioned in the text.</p> 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?

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

    Based on the text, which of the following statements is TRUE regarding the utilization of the Fund?

    <p>The Fund must be utilized equitably according to regions and programs.</p> Signup and view all the answers

    Which of the following statements is NOT true about the guidelines for the use of the Fund?

    <p>The guidelines must be approved by the government financing institutions.</p> Signup and view all the answers

    What is the maximum percentage of their unimpaired surplus that government financing institutions can contribute to the Fund?

    <p>5%</p> Signup and view all the answers

    Which of the following statements is FALSE regarding the private portion of the Fund?

    <p>The private portion must be kept separate from the public portion of the Fund.</p> Signup and view all the answers

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

    <p>To separate the administration of the Fund from the Commission Secretariat.</p> Signup and view all the answers

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