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RACC CRA Exam (page: 4)
RACC Certified Research Administrator (CRA)
Updated on: 31-Mar-2026

Viewing Page 4 of 49
CRA PDF 240 Questions

A challenge grant is not really different from a matching grant.

  1. True
  2. False

Answer(s): B

Explanation:

A Challenge Grant is a form of grant that provides monies in response to monies from other sources, usually basing on a specific formula. There is usually a fixed upper limit plus a challenge minimum below which no grant will be made. This form of grant is rather popular in the fields of arts and humanities. Note that a challenge grant is different from a matching grant in that the amount of money that the recipient organization realizes from a challenge grant can vary widely depending upon how successful that organization is in meeting the challenge.



The amount of money that the recipient organization realizes from a challenge grant usually would not vary widely.

  1. True
  2. True only for large scale grants
  3. True only for Art related large scale grants
  4. False

Answer(s): D

Explanation:

A Challenge Grant is a form of grant that provides monies in response to monies from other sources, usually basing on a specific formula. There is usually a fixed upper limit plus a challenge minimum below which no grant will be made. This form of grant is rather popular in the fields of arts and humanities. Note that a challenge grant is different from a matching grant in that the amount of money that the recipient organization realizes from a challenge grant can vary widely depending upon how successful that organization is in meeting the challenge.



Matching grants would usually award:

  1. a clearly defined amount.
  2. a not too clearly defined amount.

Answer(s): A

Explanation:

Matching grants would usually award a clearly defined amount. The required match can be more or less than the amount of the grant, and that some matching grants may require that additional funds be obtained from sources that are outside the recipient organization.



Which of the following are funds that impose no requirements or restrictions as to their use or disposition?

  1. Unrestricted Funds
  2. Limited Source Funds
  3. Restrict-limited Funds
  4. Free Funds
  5. Matching Funds
  6. None of the choices.

Answer(s): A

Explanation:

Unrestricted Funds are funds that impose no requirements or restrictions as to their use or disposition. Grants, contracts, and cooperative agreements are generally considered to be restricted funds, while gifts are usually considered as unrestricted funds.



Which of the following are generally considered to be restricted funds (choose all that apply):

  1. Grants
  2. Contracts
  3. Cooperative agreements
  4. None of the choices.

Answer(s): A,B,C

Explanation:

Unrestricted Funds are funds that impose no requirements or restrictions as to their use or disposition. Grants, contracts, and cooperative agreements are generally considered to be restricted funds, while gifts are usually considered as unrestricted funds.



Viewing Page 4 of 49



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