Maiti Nepal Day 2 Quiz

What is the maximum limit to deduct in retirement fund (PF/CIT) while calculating taxes ?

• 300,000

• 500,000

• 2/3 0f Assessable Income

• 700,000

How much TDS should be deducted on obtaining accommodation services from a hotel during field visit amounting to Rs. 10,000 + 13% VAT.

• Rs. 150

• Rs. 1,000

• Rs. 1,500

• No TDS

If an activity is marked as “completed” in the Target vs Actual report, but the expense is not shown in the Budget vs Actual report, what is the likely issue?

• The budget was not approved

• Expense documents were not submitted

• The donor did not release funds

• Finance team made an error

The closing balance in a Fund Accountability Statement means:

• The project’s closing bank balance

• Unspent donor funds at the end of the reporting period

• The value of unpaid bills

• Excess funds available for any project

What is the minimum limit for procuring services through a PAN registered vendor ?

• Rs. 500,000

• Rs. 2,000,000

• No Limit

• Rs. 25,000

Expenditure incurred in June amounting to Rs. 50,000 and Fund received in July amounting to Rs. 80,000. What would be the closing balance in June.

• Rs. 30,000

• Rs. 50,000

• Rs. (50,000)

• Rs. 80,000

Which of the following is considered a data security risk in NGO operations?

• Using strong passwords

• Backing up data regularly

• Sharing login credentials with coworkers

• Using two factor authentication

If the organization provides accommodation (staff quarter) services to client, how much is added while calculating the assessable income of employee ?

• 2% of basic salary

• 0.5% of basic salary

• 1.5% of basic salary

• 1% of basic salary

A GESI-sensitive indicator might look like:

• Number of people trained

• Number of women, Dalits, and persons with disabilities trained in leadership skills

• No. of trainings given

• Total expenses in the project

What is the minimum wage rate in Nepal ?

• Rs. 21,000

• Rs. 19,550

• Rs. 15,550

• Rs. 18,250