
SKN Finance quiz
Quiz by Augustine Low
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- Q1
Co Mingling of funds-
Committee approved a payment of 10k for "ang pow" . Each resident $10 for 1000 residents and to be given out by Adviser. The cheque is written in your name .
The event is 1 week later .
NO it is not allowed.
You can drop the cheque in the bank and draw out the cash via ATM
You can cash out the cheque at the bank over the counter in the presence of another colleague
You can drop the cheque in the bank and draw out the cash in the presence of another colleague
45s - Q2
What is Sengkang North Adviser's Full Name
Ms Theodora Lai Xi Yi
Ms Theodora Lai Yee Xi
Ms Theodora Lai Yi Ling
Ms Theodora Lai Boon Ying
45s - Q3
Is wireless Network or internet connection services included in the GRO list of Goods and Services for exemption from Waiver of competition
No
Yes
30s - Q4
For ITQ awarded to Contractor
Big Cannon RC awarded an ITQ to vendor A for a contract value of $76000 for 10 items for renovation works. After the award , Chairman of Big Cannon RC decided that 2 items should be free and given discount so Vendor A agreed to give a discount of $3000 and the final invoiced amount is $73000.00
Is this allowed?
Not Allowed . Free items should not be accepted as it may allude to unfair practices. Discounts however is allowed as an internal agreement.
Allowed. As long as the amount is less than 6k , chairman is able to approve the discount and there isn't any issue if the vendor charges less than quoted.
Not Allowed. The awarded Contract sum should match the invoice to prevent any discrepancies.
Allowed only when Contract variation is done to match the invoice based on the discounted amount
45s - Q5
Sengkang CC has 2 swings. What are the colors of the swing painted in
1 blue 1 red
1 yellow 1 orange
1 Yellow 1 red
1 red 1 purple
1 red 1 green
45s - Q6
Which one of these constitute to Non-standard Expenditure
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AZilla RC requested a loan of 10k from AH GONG CCMC . AH GONG CCMC transferred the money to AZILLA RC . After many years, AZILLA RC forcefully returned the 10k back to AH GONG CCMC.
This is Standard expenditure. GROs is allowed to transfer funds to each other and term it under extension of Financial assistance and not loans.
This is non-standard expenditure. GROs are allowed to loan other GROs
This is non-standard expenditure. GROs is allowed to transfer funds to each other and term it under extension of Financial assistance and not loans
This is standard expenditure. GROs are allowed to loan other GROs
45s