GFOA Certified Public Finance Officer CPFO Exam Practice Test

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Total 203 questions
Question 1

Assume that the bank's monthly costs are $12,520, the 30-day Treasury bill rate is 10.4%, and the bank is subject to a 15% reserve requirement. What is the MCB?



Answer : A


Question 2

Number of students enrolled, cost per student enrolled, year--end state test score and critical thinking and application of knowledge. This is an example of measures in education sector. Match these steps with the following appropriate list of types of measures.



Answer : A


Question 3

The principal advantage of a CIP (Capital improvement Program) is that______________, including their project designs, land acquisition, permitting, and acquiring financing.



Answer : A


Question 4

Which one the following statement is NOT included in Green Purchasing?



Answer : B


Question 5

The ________ tax, though regressive is more popular among tax-players than the income tax because its full cost to the taxpayer is hidden among the large no of transactions.



Answer : C


Question 6

Eleven different types of funds, issued by Government Authorities, are classified into three major groups. Which one of the following statements represents those three groups?



Answer : A


Question 7

Which one of the following is not an opportunity for the Governmental budgetary plan?



Answer : B


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Total 203 questions