Professional Practice Architecture Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

Study for the Professional Practice Architecture Test. Access multiple choice questions with hints and detailed explanations to prepare effectively. Get ready to excel in your exam and advance your architecture career!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which agency is responsible for preparing the budget for government projects?

Department of Budget and Management
Central Bank
National Housing Authority
Socialized Housing

The correct answer is: Department of Budget and Management

The Department of Budget and Management (DBM) is the agency responsible for preparing the budget for government projects. This department plays a critical role in the national budgeting process as it designs and proposes the budget, ensuring that financial resources are allocated effectively to various government initiatives and programs. The DBM's responsibilities include overseeing the preparation of the annual national budget, monitoring cash flows, and ensuring that public funds are utilized according to government policies and priorities. Through these functions, the agency ensures that the government's financial planning aligns with its goals and objectives, facilitating the efficient execution of projects that serve public interest. In contrast, the other agencies mentioned have different mandates. The Central Bank primarily focuses on monetary policy and managing the country's currency and inflation. The National Housing Authority is involved in housing development and social housing programs but does not prepare the overall budget for government projects. Lastly, Socialized Housing refers to the type of housing intended for low-income families and is not an agency responsible for budget preparation. This distinction clarifies the specific role of the DBM in fiscal planning and its essential contribution to the management of government finances.