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Free AGA GAFRB Exam Practice Questions

    • PDF Questions

      • Exam Code: GAFRB
      • Exam Name: Examination 2: Governmental Accounting, Financial Reporting and Budgeting
      • Total Questions: 115
      • PDF Price: $29.50 / $59.00

    • Bundle Pack

      • Exam Code: GAFRB
      • Exam Name: Examination 2: Governmental Accounting, Financial Reporting and Budgeting
      • Total Questions: 115
      • Bundle Price: $49.50 / $99

    • Online Engine

      • Exam Code: GAFRB
      • Exam Name: Examination 2: Governmental Accounting, Financial Reporting and Budgeting
      • Total Questions: 115
      • Practice Test Price: $34.50 / $69.00
    1. Page: 1/23
      Total 115 Questions
      PDF Questions & Answers Web-Based Practice Test
    Question No 1
    The Office of Personnel Management provides employee pension benefits for an agency's employees and bills the agency for a portion of the costs. The portion of costs not billed to the agency is an
    Choose the Choices:


    Question No 2
    The Prompt Payment Act requires federal agencies to
    Choose the Choices:


    Question No 3
    An agency is developing a lee for services to cover all direct operating expenditures. Which of the following should be included in the fee calculation?
    Choose the Choices:


    Question No 4
    What role do the U.S. Department of the Treasury, GAO and OMB have in the standard - setting activities of FASAB?
    Choose the Choices:


    Question No 5
    The purpose for establishing a custodial fund is to
    Choose the Choices:

    Next Question
    1. Page: 1/23
      Total 115 Questions
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About This GAFRB Question Bank

This page has 115 free practice questions for the AGA GAFRB (Examination 2: Governmental Accounting, Financial Reporting and Budgeting) exam, last refreshed on 7th Sep 2026. Answer each question, then reveal the correct choice to check your understanding before deciding whether to unlock the full question bank.

The demo above is a sample of the complete GAFRB question set. The full bank includes the PDF, downloadable practice test, and online exam-engine formats listed above, with free updates included for the duration you choose.

Frequently Asked Questions

How many free GAFRB questions can I try here?

This demo includes a sample from our 115-question GAFRB bank so you can check the format and difficulty before purchasing.

Are these GAFRB questions updated?

Yes, the AGA GAFRB question bank is reviewed and refreshed periodically to reflect current exam objectives.

What formats are available for the full GAFRB question bank?

PDF download, an online practice-test engine, and a combined bundle pack with 3, 6, or 12-month free updates.

Is there a refund if I don't pass?

Yes, purchases include a money-back guarantee — see our refund policy for details.