To get your certificate of qualification please fill in the online quiz. It will be available until 2 June 2017.

Financial Instruments Quiz

First name *

Last name *

1. “Beneficiary” in the context of FI means: *

a) a public or private body responsible for initiating and implementing operations

b) the body which receives the investment from financial instrument

c) the body which prepared the ex-ante assessment

2. “Operation” in the context of FI is: *

a) any action supported by ESIF

b) programme contribution to finance preparation of ex-ante assessment

c) programme contribution to financial instruments and the subsequent financial support provided by those financial instrument

3. A FI respecting the market economy Operator test: *

a) ensures market compliance at all Levels and does not prefer the public Investor

b) only invests in profitable final recipients

c) only invests in existent private Holding funds

4. Eligible expenditure during implementation is: *

a) Management costs or fees and contribution to the FI

b) only Management costs or fees

c) the Investments made and the guarantees committed or honorierend, and the Management costs or fees

5. FI for Energy efficiency and renewable energy shall finance: *

a) energy efficiency, smart energy management and renewable energy use in manufacturing processes

b) improvements of energy end use efficiency

c) energy efficiency when constructing manufacturing plants

6. FI for SMEs shall finance: *

a) costs of transfer of proprietary rights in enterprises between family members

b) investments into companies in difficulty up to the age of 3 years

c) investments into early stage-capital, i.e. seed capital and start-up capital

7. FI for Urban development projects shall finance: *

a) infrastructure investments with the objective of supporting urban development or urban regeneration

b) investments diversifying non-agricultural activities in urban areas

c) reorganisation of a whole debt portfolio regarding infrastructure forming part of the new investment

8. Funding agreement is signed between: *

a) Intermediate body and grant recipient

b) Fund of funds and financial instrument

c) Managing Authority and Intermediate body

9. Investment strategy is an annex of: *

a) Ex-ante assessment

b) Operational Programme

c) Funding agreement

10. MA contribution to FI comes: *

a) on request by manager of FI till the end of eligibility period

b) as tranche payment to the beneficiary

c) after tranche payment made by EC to MA

11. Management fee can be paid to: *

a) final recipient

b) financial intermediary

c) intermediate body

12. Management verification is not concerned about the ex ante assessment and the Business Plan of a FI *

a) True

b) False

13. Managing Authority may provide a financial contribution to …? *

a) FI set up at Union level, managed directly or indirectly by the MA

b) FI set up at national, regional, transnational or cross-border level, managed by or under the responsibility of the MA

c) Off-the-shelf instruments created by the MA

14. Reflows from FI could be used for: *

a) reimbursement of ex-ante assessment costs

b) reimbursement of management costs and fees

c) Safeguarding escrow account after the eligibility period

15. State Aid applies to... *

a) set-up of the FI, Selection of Management, Selection of final recipients

b) only to Selection of final recipients

c) only to Selection of Fund Managers

16. What are off-the-shelf financial instruments? *

a) instruments implemented at European level

b) instruments managed by EIB group

c) pre-described standard term instruments

17. What is a compulsory document before the launch of financial instrument? *

a) Ex-ante assessment

b) GAP analysis

c) Letter of the Managing Authority

18. When implementing FI, MA may … *

a) undertake implementation tasks directly, in the case of financial instruments consisting solely of equity

b) entrust implementation tasks to a body governed by Public Procurement Directive

c) invest in the capital of existing or newly created legal entities

19. Which is the right process to launch FI? *

a) Approve Operational Programme – prepare ex-ante assessment – select the body implementing FI - sign funding agreement

b) Prepare ex-ante assessment – select the body implementing FI - sign funding agreement – approve Operational Programme

c) Sign Operational Programme – select the body implementing FI - sign funding agreement – prepare ex-ante assessment

20. Within FI operation financial instruments may be combined with *

a) technical support

b) ESIF grants

c) Non-ESIF grants

Δ