BCLTE Q and A Part 2

Directions: Read carefully and choose the best answer.

1. Every accountable LGU officer whose total cash accountability is ______shall be

bonded.
a. Not less than 10 000
b. Not less than 5000
c. Not less than 15 000
d. Not less than 50 000
2.   ____________shall be bonded not exceeding 10 000.
a. Barangay Secretary
b. Budget Officer
c. Barangay Treasurer
d. Barangay Officers
3. All Head of Agency shall notify the_______  through BLGF of the accountable officers
within ____ of appointment.
a. Bureau of Treasury, 5 days
b. COA, 10 days
c. Treasury of the Philippines, 5 days
d. DBM, 10 days
4. The following are included in the Bonding Application Process except
a. Accomplish in duplicate Gf 57A
b. Submit list of bondable public officers certified by agency.
c. Accomplish in duplicate Gf 58A
d. Submit Latest SALN
 5. Which is true of the Bonding of Accountable Officers?
a. Amount of bond shall be based on the total accountability  of cash and property.
b. Individual maximum accountability shall not exceed 100 million pesos.
c. The Secretary of Finance shall fix and review uniform rate of premium bond
under Public Bonding Law.
d. The rate of premium of the Fidelity is equal to 0.5% of the amount of bond but
shall not be less than P150.
6. Property Accountability includes
a. Government securities 
b. Equipment and Machineries
c. Supplies and Materials
d. B and C only
7. The following are true of Fidelity Bond except
a. All bond premium  collected by the Bureau of Treasury shall constitute the Fidelity Fund .
b. Fidelity Fund shall be available for payment of court fees incident to civil proceedings to
recover sum lost.
c. Fidelity Fund shall  not be used to replace fines on bonded officials under conviction. 
d. Fidelity Fund shall be used to refund the accountability of bonded officials relieved of the
duties.
8. When loss of public funds is caused by fire, theft  or other force majeure, the accountable
officer shall notify the _____ within 30 days with supporting documents. 
a. BLGF
b. COA
c. Bureau of Treasury
d. Sanggunian
9. Failure to comply with the requirements to apply the Fidelity Bond shall subject the bonded
officer to criminal and administrative liability under
a. PD 1454
b. PD 1446
c. PD 1445
d. PD 154PD
10. Which is true on Adjudicated Claim against the Fidelity Fund?
a. The relief of accountability from COA shall relieve the agency from responsibility.
b. When liable, the LGU may file claim for reimbursement from Fidelity Fund the approved bond
covered  or amount of loss whichever is  lower.
c. Claims approved by COA shall constitute legal money claim against the Fidelity Fund.
d. All of the above.

11. It refers to the shares of LGUs from the national internal revenue taxes (NIRT)
equivalent to 40% of the total annual revenue collection of the 3rd year preceding the
current fiscal year.
a. Annual Regular Income
b. Internal Revenue Allotment ( renamed as National Tax Allocation)
c. Internal Revenue Collection
d. None of the Above
12. National internal revenue taxes include the following except
a. Income tax
b. Estate tax and donor’s tax
c. Value-added tax
d. Business tax
13. The President shall authorize the necessary adjustments of the total IRA/ NTA to be
distributed among the LGUs for the given year, provided that in no case shall the
adjusted amount be less than____ of the national internal revenue tax collections of
the third fiscal year preceding the current fiscal year during which the reduction is to
be made.
a. 40%
b. 30%
c. 20%
d. 50%
 14. The total annual IRA/NTA due the LGUs shall be allocated as
a. Provinces -23%
Cities - 23%
Municipalities - 34%
Barangays - 20%
b. Provinces -24%
Cities - 24%
Municipalities - 32%
Barangays - 20%
c. Provinces -23%
Cities - 34%
Municipalities - 23%
Barangays - 20%
d. Provinces -34%
Cities - 23%
Municipalities - 23%
Barangays - 20%
15. The share of each province, city, and municipality on the basis of population and land
area respectively are
a. Population - 50%, Land Area - 25%
b. Population - 25%, Land Area - 50%
c. Population - 50%, Land Area - 50%
d. Population - 60%, Land Area - 20%
16. Every barangay with a population of not less than 100,inhabitants shall be entitled to
an IRA of not less than ______ per annum chargeable against the 20% share of the
barangay from the total IRA.
a. 90 000
b. 100 000
c. 80 000
d. 120 000
17. The IRA share based on land area in computed using the consolidated master list of
land area prepared by
a. Land Management Bureau
b. Department of Agrarian Reform
c. Bureau of Soil and Water Management
d. None of the above

18. IRA/NTA fund shall be used to the following except

a. provide for basic services and facilities, particularly those which have been
devolved by the National Government.
b. set aside no less than 20% of their IRA to fund development projects as identified
in the LGUs’ development plans.
c. Social, economic and environmental projects
d. Other administrative expenses
19. Which is not true on Fund Release Procedures of IRA?
a. The BIR submits to DBM a certification of the 40%  LGU share from NIRT  of the 3rd year
preceding the current year.
b. The DBM  programs the amount of IRA in the National Expenditure Program.
c. The DOF computes each share  and inform the LGUs  through Local Budget
Memorandum not later than June 15.
d. At the beginning of the year,  DBM releases documents to BTr

20. Financial assistance for Virginia- Tobacco Farmers comes from

a. 25% of excise tax collections 
b. 15% of excise tax collections 
c. 10% of excise tax collections 
d. 30% of excise tax collections 
21. How much is Share of LGUs from the Proceeds from the Development and utilization
of National Wealth ?
a. 2% of gross income earned  of the preceding year or 40% of  national
government collections , whichever is higher.
b. 1% of gross income earned  of the preceding year or 40% of  national
government collections , whichever is higher.
 c. 1% of gross income earned  of the preceding year or 30% of  national
government collections , whichever is higher.
d. 2% of gross income earned  of the preceding year or 30% of  national
government collections , whichever is higher.
22. The following are national wealth and collecting agencies except
a. Forest charges  - DENR OSEC
b. Royalties and Mineral  Reservation – DENR Mines and  Geoscience
c. Energy Production Resources- Department of Energy
d. Bureau of Customs

23. Mandatory _____of proceeds from  development of hydrothermal and geothermal

resources shall be used to lower cost of electricity.
a. 70%
b. 60%
c. 80%
d. 50%
24. LGUs Share from Special  Economic Zone is
a. 3% from Gross Income
b. 5% from Gross Income
c. 7% from Gross Income
d. 9 % from Gross Income
25. LGUs Share from EVAT  ( from excess collection of the preceding year) is
a. 20 % City/municipality , 80% NGA
b. 12 % City/municipality , 88% NGA
c. 10 % City/municipality , 90% NGA
d. 30 % City/municipality , 70% NGA

26. The _____ submits to DBM a certification of the 40%  LGU share from NIRT  of the 3rd
year preceding the current year.
a. BLGF
b. NGA
c. BIR
d. None of the above
Complete the following tax proceeds:

27. Businesses with main office only 

City /municipality _______

28. With factory or plantation

Main office ______
       Factory or plantation _____

29. With factory and plantation in different locations 

Main office  ______
factory  _______
plantation  ______

30. With 2 or more factories and plantations

Main office  ______
Factories and plantations ______ prorated based on volume of production