LATEST VERSION CDFM MODULE 1 EXAM 2026-2027 REAL EXAM
250 QUESTIONS AND CORRECT
ANSWERS(DETAILED ANSWERS
The President is responsible to transmit the budget of the
US government to congress NLT when? - CORRECT
ANSWER-1st Monday in February each year
Congress she process authorization legislation, which
authorizes or allows programs to exist. They also pass
appropriations, which provide funding for programs -
CORRECT ANSWER-Congressional Action Phase
The President signs the bills into law that provides legal
budget authority to incur obligations and make payments
out of the Treasury for specified purposes. - CORRECT
ANSWER-Appropriation
In the Congressional Action Phase, who holds hearing in
January in preperation for drafting the concurrent
resolution of the budget? - CORRECT ANSWER-Budget
Committees
,Budget Committees this to their respective houses. The
resolution sets spending revenue and other budget
targets for the upcoming fiscal year. - CORRECT ANSWER-
Concurrent Resolution - April of each year
This is the process of estimating the budgetary effects of
pending legislation and comparing them to a baseline
such as a budget resolution or to any limits that may be
set in law. - CORRECT ANSWER-Scorekeeping
What data does scorekeeping track? - CORRECT ANSWER-
budget authority, receipts, outlays, surplus or deficit, and
the public debt
No money shall be drawn from the Treasury, but in the
Consequence of Appropriations made by law. - CORRECT
ANSWER-Article 1, Section 9
What give Congress the authority to make laws? -
CORRECT ANSWER-Article 1, Section 8 of the Constitution
,The final step after the Conference Committee Resolution
after a measure has been passed in identical form by both
the House andSenate, it is considered to be what? -
CORRECT ANSWER-"Enrolled" (then sent to the president)
Who reviews the constitution for interpretation of the
constitution? - CORRECT ANSWER-Supreme Court
Who has the power to raise taxes given in Article 1 of the
Constitution? - CORRECT ANSWER-Congress (Legislative
Branch)
What does the Congress of the US consist of? - CORRECT
ANSWER-Senate (6 yrs); House (2 yrs)
All bills for raising Revenue shall originate where? But the
Senate may propose or concur with Amendments as on
other Bills. - CORRECT ANSWER-House of Representative
, To be able to override a presidential veto, the House has
to have a majority to pass the bill; and if approved, then
goes to the Senate for a vote to pass the bill. If approved,
the Bill becomes Law. What is the percentage the vote
has to pass by in both the House & Senate? - CORRECT
ANSWER-2/3 and 2/3
If any Bill shall not be returned by the President after it
has been presented to him, the Same shall be a law. How
many days? - CORRECT ANSWER-10 Days
Who has the power to lay and collect taxes, duties,
imposts and Excises to pay the debts and provide for the
common defense and general welfare of the United
States. - CORRECT ANSWER-Congress
Article 1, Section 8 of the Constitution allows for what? -
CORRECT ANSWER-1) borrow money on credit 2) regulate
commerce; 3) Coin money; 4) Constitute Tribunals; 5)
Declare War; 6) Raise and support Armies; 7) provide and
maintain Navy; 8) Make Rules for Government Regulation
250 QUESTIONS AND CORRECT
ANSWERS(DETAILED ANSWERS
The President is responsible to transmit the budget of the
US government to congress NLT when? - CORRECT
ANSWER-1st Monday in February each year
Congress she process authorization legislation, which
authorizes or allows programs to exist. They also pass
appropriations, which provide funding for programs -
CORRECT ANSWER-Congressional Action Phase
The President signs the bills into law that provides legal
budget authority to incur obligations and make payments
out of the Treasury for specified purposes. - CORRECT
ANSWER-Appropriation
In the Congressional Action Phase, who holds hearing in
January in preperation for drafting the concurrent
resolution of the budget? - CORRECT ANSWER-Budget
Committees
,Budget Committees this to their respective houses. The
resolution sets spending revenue and other budget
targets for the upcoming fiscal year. - CORRECT ANSWER-
Concurrent Resolution - April of each year
This is the process of estimating the budgetary effects of
pending legislation and comparing them to a baseline
such as a budget resolution or to any limits that may be
set in law. - CORRECT ANSWER-Scorekeeping
What data does scorekeeping track? - CORRECT ANSWER-
budget authority, receipts, outlays, surplus or deficit, and
the public debt
No money shall be drawn from the Treasury, but in the
Consequence of Appropriations made by law. - CORRECT
ANSWER-Article 1, Section 9
What give Congress the authority to make laws? -
CORRECT ANSWER-Article 1, Section 8 of the Constitution
,The final step after the Conference Committee Resolution
after a measure has been passed in identical form by both
the House andSenate, it is considered to be what? -
CORRECT ANSWER-"Enrolled" (then sent to the president)
Who reviews the constitution for interpretation of the
constitution? - CORRECT ANSWER-Supreme Court
Who has the power to raise taxes given in Article 1 of the
Constitution? - CORRECT ANSWER-Congress (Legislative
Branch)
What does the Congress of the US consist of? - CORRECT
ANSWER-Senate (6 yrs); House (2 yrs)
All bills for raising Revenue shall originate where? But the
Senate may propose or concur with Amendments as on
other Bills. - CORRECT ANSWER-House of Representative
, To be able to override a presidential veto, the House has
to have a majority to pass the bill; and if approved, then
goes to the Senate for a vote to pass the bill. If approved,
the Bill becomes Law. What is the percentage the vote
has to pass by in both the House & Senate? - CORRECT
ANSWER-2/3 and 2/3
If any Bill shall not be returned by the President after it
has been presented to him, the Same shall be a law. How
many days? - CORRECT ANSWER-10 Days
Who has the power to lay and collect taxes, duties,
imposts and Excises to pay the debts and provide for the
common defense and general welfare of the United
States. - CORRECT ANSWER-Congress
Article 1, Section 8 of the Constitution allows for what? -
CORRECT ANSWER-1) borrow money on credit 2) regulate
commerce; 3) Coin money; 4) Constitute Tribunals; 5)
Declare War; 6) Raise and support Armies; 7) provide and
maintain Navy; 8) Make Rules for Government Regulation
