front 1 What is the government instrumentality created in 1963 by virtue of Republic Act 3591, as amended by Republic Act 11840, to insure the deposits of all banks which are entitled to the benefits of insurance and is attached to the Bangko Sentral ng Pilipinas (BSP) for policy and program coordination? A. Development Bank of the Philippines (DBP) B. Landbank of the Philippines (LBP) C. Philippine Deposit Insurance Corporation (PDIC) D. Bangko Sentral ng Pilipinas (BSP) | back 1 C. Philippine Deposit Insurance Corporation (PDIC) |
front 2 Which of the following is NOT one of PDIC's core functions? A. Deposit Insurer B. Bank Examination C. Co-regulator of banks D. Receiver of Closed Banks | back 2 B. Bank Examination |
front 3 Which of the following is NOT a policy of the state in regards to PDIC? A. strengthen the mandatory deposit insurance coverage system B. generate, preserve, maintain faith and confidence in the country’s banking system C. be liable if insured banks actually receives deposit and there's a bank run D. protect it from illegal schemes and machinations | back 3 C. be liable if insured banks actually receives deposit and there's a bank run |
front 4 Which of the following is NOT TRUE regarding the policy of the state and policy of PDIC? A. The Corporation shall, as a basic policy, promote and safeguard the interests of the depositing public by providing insurance coverage on all insured deposits and helping maintain a sound and stable banking system. B. The policy of the State to strengthen the mandatory deposit insurance coverage system to generate, preserve, maintain faith and confidence in the country’s banking system, and protect it from illegal schemes and machinations. C. Government must extend all means and mechanisms necessary for the Philippine Deposit Insurance Corporation to effectively fulfill its vital task of promoting and safeguarding the interests of the depositing public by way of providing permanent and continuing insurance coverage on all insured deposits, and in helping develop a sound and stable banking system at all times. D. The corporation is mandated to promote and maintain price stability, a strong financial system, and a safe and efficient payments and settlements system conducive to a sustainable and inclusive growth of the economy. | back 4 D. The corporation is mandated to promote and maintain price stability, a strong financial system, and a safe and efficient payments and settlements system conducive to a sustainable and inclusive growth of the economy. |
front 5 It means the unpaid balance of money or its equivalent received by a bank in the usual course of business and for which it has given or is obliged to give credit to a commercial, checking, savings, time or thrift account, evidenced by a passbook, certificate of deposit, or other evidence of deposit issued in accordance with Bangko Sentral ng Pilipinas rules and regulations and other applicable laws, together with such other obligations of a bank A. Insured deposit B. Insured bank C. Disputed claim D. Deposit | back 5 D. Deposit |
front 6 _____________ means the amount due to any bona fide depositor for legitimate deposits in an insured bank as of date of closure, but not to exceed ₱1 million. A. Insured Deposit B. Deposits C. Uninsured Deposit D. Deposit in Transit | back 6 A. Insured Deposit |
front 7 Which of the following is NOT a member of PDIC? A. All banking institutions licensed to operate as such by the "Bangko Sentral ng Pilipinas" (BSP) B. Universal and commercial banks (including branches and subsidiaries of foreign banks) C. Thrift banks, rural and cooperative banks, and digital banks D. Non-bank financial institutions such as cooperatives and non-stock savings and loan associations | back 7 D. Non-bank financial institutions such as cooperatives and non-stock savings and loan associations |
front 8 The deposit insurance system only covers deposit products in banking institutions. Which of the following is NOT an insured Deposit? A. Islamic Deposits as defined in BSP Circular No. 1139 B. Investment products such as bonds, securities and trust funds C. Time Deposit D. Negotiable Order of Withdrawal | back 8 B. Investment products such as bonds, securities and trust funds |
front 9 Which of the following is insured by PDIC? A. Investment in bonds B. Investment in stocks C. Trust account D. Time Deposit Account | back 9 D. Time Deposit Account |
front 10 The law provides that the following accounts or transactions are excluded for deposit insurance. Which of the following is an insured deposit? A. Deposit accounts or transactions which are fictitious or fraudulent B. Deposit accounts or transactions which constitute or emanate from unsafe and unsound banking practices C. Foreign currency deposits D. Deposit accounts or transactions which are determined to be proceeds of an unlawful activity as defined under the Anti-Money Laundering Law | back 10 C. Foreign currency deposits |
front 11 Which of the following is FALSE regarding the insurance coverage of foreign branches of Philippine banks insured by PDIC? A. The PDIC Charter provides that the deposits in branches and subsidiaries of foreign banks licensed by the Bangko Sentral ng Pilipinas (BSP) to perform banking functions in the Philippines are insured by the PDIC. B. The PDIC Charter provides that a Philippine bank may elect to insure with the PDIC its deposits in branches outside the Philippines. C. As of March 15, 2025, no Philippine bank has elected to insure deposits in their foreign branches with PDIC. D. Depositors may only receive deposit insurance payment in Philippine Peso. | back 11 D. Depositors may only receive deposit insurance payment in Philippine Peso. |
front 12 Which is insured by PDIC? A. Negotiable order of withdrawal B. Bank Deposits in Foreign Banks not licensed by BSP C. Bank Deposits in Foreign branch of domestic bank who did not elect to insure its deposits outside the Philippines D. Insurance policy and preneed plans | back 12 A. Negotiable order of withdrawal |
front 13 Which of the following risk does PDIC cover? A. Bank closed by Monetary Board pursuant to Section 30 of Republic Act No. 7653 B. Bank closure due to expiration or revocation of bank’s corporate term C. Bank losses due to theft, fire, closure by reason of strike or existence of public disorder, revolution D. Both A and B | back 13 D. Both A and B |
front 14 Which of the following is FALSE regarding insured deposits? A. A depositor with several accounts in his name in an insured bank can increase his insurance coverage in excess of the MDIC. B. Deposit insurance coverage is not determined on a per-account basis. C. The type of account (whether checking, savings, time or other form of deposit) has no bearing on the amount of insurance coverage. D. In determining the insured amount, the outstanding balance of each account is adjusted, such that interests are updated, withholding taxes are deducted, and, whenever applicable, unpaid loans and other obligations of the depositor are deducted; and accounts maintained by the depositor in the same right and capacity are added together and in no case shall the insured deposit exceed ₱1 million. | back 14 A. A depositor with several accounts in his name in an insured bank can increase his insurance coverage in excess of the MDIC. |
front 15 Which of the following regarding insured deposits is FALSE? A. Deposits in different banking institutions are insured separately. B. If a bank has one or more branches, the main office and all branch offices are considered as one bank. C. If you have deposits maintained in the main office and in one or more branch offices of the same bank, the deposits are added together in determining deposit insurance coverage, the total of which shall not exceed ₱1 million. D. If you have insured deposits in several different insured banks, the deposits will be added together for insurance purposes. | back 15 D. If you have insured deposits in several different insured banks, the deposits will be added together for insurance purposes. |
front 16 Starting March 15, 2025, deposits will now be insured by the new MDIC (Maximum Deposit Insurance Coverage) of ____________. This allows for more deposits to be protected. The new MDIC will have a prospective application and will only apply to deposits maintained in banks ordered closed on March 15, 2025, and thereafter. A. P500,000 B. P1,000,000 C. P1,500,000 D. P2,000,000 | back 16 B. P1,000,000 |
front 17 When a bank is closed prior to March 15, 2025, deposits will be covered up to ______________. A. P500,000 B. P1,000,000 C. P1,500,000 D. P2,000,000 | back 17 A. P500,000 |
front 18 What is the possible maximum deposit insurance coverage if a depositor has several valid single accounts and valid joint accounts in a closed bank? A. P1,000,000 B. P500,000 C. P1,500,000 D. P2,000,000 | back 18 D. P2,000,000 |
front 19 Which of the following is TRUE regarding the rules in determination of insured deposits and calculation of liability? A. A joint account regardless of whether the conjunction ‘and’, ‘or’, ‘and/or’ is used, shall be insured separately from any individually-owned deposit account B. If the account is held by juridical person jointly with a natural person, the maximum insured deposit shall be presumed to belong entirely to the juridical person. C. For “in trust for account” (ITF account), like Juan in trust for Maria, while Juan is the owner of account, the beneficiary, Maria, is the one entitle to claim the insurance deposit. D. All of the above | back 19 D. All of the above |
front 20 Statement I: If the account is held jointly by two or more natural persons, or by two or more juridical persons or entities, the maximum insured deposit shall be divided into as many equal shares as there are individuals, juridical persons or entities, unless a different sharing is stipulated in the document of deposit. Statement II: That the aggregate of the interest of each co-owner over several joint accounts, whether owned by the same or different combinations of individuals, juridical persons or entities, shall likewise be subject to the maximum insured deposit of P1,000,000. A. Only Statement I is true B. Only Statement II is true C. Both are true D. Both are false | back 20 C. Both are true |
front 21 Juan Dela Cruz has the following accounts in a closed bank in 2024. How much is his insured deposits? Name of Depositor/ Beneficial Owner [Type of Deposit] Acct No.==BALANCE Juan Dela Cruz [Savings Deposit] 1 == 100,000 Juan Dela Cruz [Time Deposit] 2 == 300,000 Juan Dela Cruz BY Maria Dela Cruz [Demand Deposit] 3 == 300,000 Juan Dela Cruz ITF Antonio Dela Cruz [Time Deposit] 4 == 100,000 Dela Cruz Flower Shop (Sole Proprietorship by Juan Dela Cruz) [Savings Deposit] 5 == 100,000 Juan Dela Cruz and XYZ Corporation [Time Deposit] 6 == 1,500,000 A. P500,000 B. P800,000 C. P900,000 D. P1,000,000 | back 21 A. P500,000 |
front 22 Juan Dela Cruz has the following accounts in a closed bank in 2026. How much is his insured deposits? Name of Depositor/ Beneficial Owner [Type of Deposit] Acct No.==BALANCE Juan Dela Cruz [Savings Deposit] 1 == 100,000 Juan Dela Cruz [Time Deposit] 2 == 300,000 Juan Dela Cruz BY Maria Dela Cruz [Demand Deposit] 3 == 300,000 Juan Dela Cruz ITF Antonio Dela Cruz [Time Deposit] 4 == 100,000 Dela Cruz Flower Shop (Sole Proprietorship by Juan Dela Cruz) [Savings Deposit] 5 == 100,000 Juan Dela Cruz and XYZ Corporation [Time Deposit] 6 == 1,500,000 A. P500,000 B. P800,000 C. P900,000 D. P1,000,000 | back 22 B. P800,000 |
front 23 Bangko De Makati (BDM) has been declared closed by the Monetary Board of BSP in 2026. Louie has the following bank accounts in BDM: Bank and Name of Depositor/Beneficial Owner Account Balance • BDM – Home Office (Makati). Savings Deposit: Louie’s Bakeshop, sole proprietorship by Louie P400,000 • BDM – Manila branch. Time Deposit: Louie P200,000 • BDM – Home Office (Makati). Demand Deposit: Julius ITF Louie P400,000 • BDM – Home Office (Makati). Demand Deposit: Julius, Louie and Anthony P3,100,000 • BDM – Manila branch. Demand Deposit: Louie and Anthony P2,000,000 How much is Louie’s insured deposits? A. P1,833,333 B. P1,000,000 C. P916,667 D. P1,500,000 | back 23 A. P1,833,333 |
front 24 Bangko De Makati (BDM) has been declared closed by the Monetary Board of BSP in 2026. Louie has the following bank accounts in BDM: Bank and Name of Depositor/Beneficial Owner Account Balance • BDM – Home Office (Makati). Savings Deposit: Louie’s Bakeshop, sole proprietorship by Louie P400,000 • BDM – Manila branch. Time Deposit: Louie P200,000 • BDM – Home Office (Makati). Demand Deposit: Julius ITF Louie P400,000 • BDM – Home Office (Makati). Demand Deposit: Julius, Louie and Anthony P3,100,000 • BDM – Manila branch. Demand Deposit: Louie and Anthony P2,000,000 How much is Louie’s uninsured deposits? A. P1,200,000 B. P2,116,667 C. P1,500,000 D. P1,000,000 | back 24 A. P1,200,000 |
front 25 Which of the following is an element of deposit splitting? A. Existence of source account/s in a bank with a balance or aggregate balance of more than the MDIC; B. There is a break up and transfer of said account/s into two or more existing or new accounts in the name of another person/s or entity/entities and the transferee/s have no Beneficial Ownership over the transferred funds; C. Transfer occurred within 120 days immediately preceding or during a bank-declared bank holiday, or immediately preceding bank closure. D. All of the above | back 25 D. All of the above |
front 26 Where a deposit account/s with an outstanding balance of more than the maximum deposit insurance coverage is/are broken up and transferred to one or more account/s, PDIC shall recognize the transferor as the beneficial owner of the resulting deposit accounts entitled to deposit insurance. However, it will not be considered as deposit splitting if the transferee/s can prove? A. The break-up and transfer of Legitimate Deposit to the transferee is for a Valid Consideration B. The details or information for the transfer, which establish the validity of the transfer from the transferor to the transferee, are contained in any of the Deposit Account Records of the bank C. Copies of documents, which show the details or information for the transfer, such as but not limited to contracts, agreements, board resolutions, orders of the courts or of competent government body/agency, are in the custody or possession of the bank upon takeover by PDIC. D. He/she is a Qualified Relative of the transferor, in which case PDIC shall recognize the transferee as the beneficial owner of the resulting deposit accounts. Relationship shall be proven by relevant documents such as, but not limited to, birth certificates and marriage certificates. E. Any of the above | back 26 E. Any of the above |
front 27 The Corporation may terminate the insured status of any bank that fails or refuses to comply, within thirty (30) days from notice, with any CDO (cease and desist order) issued by the BSP pertaining to a deposit-related unsafe and/or unsound banking. Which of the following is FALSE? A. Such termination shall be final and executory and shall be effective upon publication of the notice of termination in a newspaper of general circulation. B. The bank shall not advertise or represent that additions to, or renewal of, existing deposits and new deposits made after the effective date of termination are covered by deposit insurance. C. The deposits of each depositor in the bank on the effective date of the termination of insurance coverage, less all subsequent withdrawals, shall continue to be insured up to the MDIC for a period of one hundred eighty (180) days. D. Additions to, or renewal of, existing deposits and new deposits in such bank after the effective date of termination of insured status of the bank shall be insured by the Corporation. | back 27 D. Additions to, or renewal of, existing deposits and new deposits in such bank after the effective date of termination of insured status of the bank shall be insured by the Corporation. |
front 28 Prior to June 10, 2024, as a general rule, what is the threshold amount of the bank deposit to be required to file deposit insurance claims to PDIC? A. Balance of more than P100 B. Balance of more than P1,000 C. Balance of more than P10,000 D. Balance of more than P100,000 | back 28 D. Balance of more than P100,000 |
front 29 Starting June 10, 2024, Philippine Deposit Insurance Corporation (PDIC) expanded the threshold for waived filing of deposit insurance claims for deposit insurance claims for valid deposit account balances of __________ or less, have no outstanding loans with the closed bank, and have complete mailing addresses in the bank records or have updated this information through the PDIC Mailing Address Update Form (MAUF). A. P100,000 B. P200,000 C. P500,000 D. P1,000,000 | back 29 C. P500,000 |
front 30 Who among the following is not required to file claims for deposit insurance? A. Individual depositors and registered entities with account balance of less than or equal to ₱500,000 with updated mailing address. B. Depositors with outstanding obligations with closed banks C. Depositors with accounts under the name of unregistered entities/associations D. Deceased depositors whose filing of claims is through their legal heirs. E. Depositors with account balances of less than or equal to P500,000 with incomplete mailing address found in the bank, or failed to update them through the PDIC Mailing Address Update Form | back 30 A. Individual depositors and registered entities with account balance of less than or equal to ₱500,000 with updated mailing address. |
front 31 Claims should be filed within the _______ prescriptive period after PDIC's takeover of the closed bank. A. 1 year or 12 months B. 2 years or 24 months C. 3 years or 36 months D. 5 years or 48 months | back 31 B. 2 years or 24 months |
front 32 What happens when the depositor of a closed bank fails to file his claim within the 24-month period? A. Depositor may protest within 30 days after the expiration of the two-year prescriptive period. B. All rights of the depositor with respect to the insured deposit shall no longer be honored. C. Depositors who failed to file within the prescribed 24-month period may file claims against the assets of the closed bank thru its designated Deputy Liquidator. D. Both (B) and (C) | back 32 D. Both (B) and (C) |
front 33 Deposit can have uninsured portion if the total deposits exceeds the MDIC (P1M). Which of the following is TRUE? A. Depositors with uninsured deposits, or with deposits in excess of the MDIC, are also considered creditors. B. Depositors must file their claim for uninsured deposits within 60 days from the publication of the Notice to Creditors by the PDIC. C. Depositors with deposit balance exceeding the MDIC, who have filed their deposit insurance claims within the 60-day period, no longer need to file claims against the closed bank’s assets for the excess deposits. D. All of the above | back 33 D. All of the above |
front 34 PDIC aims to pay valid claims as soon as possible. Prior to payout, claims are examined thoroughly. Deposit records are subjected to an examination prior to the start of servicing/settlement of claims. Claims are evaluated and processed according to PDIC`s standard procedures. The claim for insured deposit should be settled within _______ from the date of filing provided all requirements are met but the claim must be filed within twenty-four (24) months after the bank takeover. A. 6 months B. 12 months C. 18 months D. 24 months | back 34 A. 6 months |
front 35 If the deposit account in a closed bank is more than ₱1 million. Which of the following is FALSE? A. Deposits in excess of the Maximum Deposit Insurance Coverage (MDIC) or the so-called uninsured deposits are treated as claims against the assets of the closed bank. B. Deposits in excess of the Maximum Deposit Insurance Coverage (MDIC) or the so-called uninsured deposits will never be recovered by the depositor under any circumstance. C. Settlement of claims for the uninsured deposits is subject to availability of the closed bank’s assets, approval of the Liquidation Court, and in accordance with the Rules on Concurrence and Preference of Credits under the Philippine Civil Code. D. If the depositor failed to file a claim with PDIC within the 2-year prescriptive period, all rights of the depositor against the closed bank and its shareholders or the receivership estate to which the Corporation may have become subrogated, shall thereupon revert to the depositor. | back 35 B. Deposits in excess of the Maximum Deposit Insurance Coverage (MDIC) or the so-called uninsured deposits will never be recovered by the depositor under any circumstance. |
front 36 Under the amendment of PDIC Charter, may PDIC pay the insured deposits of a depositor without netting out depositor’s loan obligation with the closed bank? A. Yes, but only using the closed bank’s records alone B. Yes, even based on evidence of deposits and not on the closed bank’s recorded loan C. No, because it will violate of the right to due process of the bank D. No, because it will violate the principles of legal compensation | back 36 B. Yes, even based on evidence of deposits and not on the closed bank’s recorded loan |
front 37 What is the effect of payment by PDIC of insured deposits to depositors? A. PDIC may recover from the assets of the closed in so far as the payment made by PDIC is beneficial to depositors B. PDIC may not recover from the assets of the closed bank if the payment is without the knowledge or against the will of the closed bank C. PDIC shall be legally subrogated to all rights of depositor against the closed bank to the extent of such payment D. PDIC may only recover from the assets of the closed bank if the payment is with the consent of the closed bank | back 37 C. PDIC shall be legally subrogated to all rights of depositor against the closed bank to the extent of such payment |
front 38 An insured depositor may now choose from any of the following payment modes on the Deposit Insurance Payment Option (DIPO) form accompanying the Claim Form: (1) Credit to their deposit account with other banks; (2) Credit to their e-wallet account (G-cash, Maya, DCPay); (3) Cash over the counter at designated Land Bank of the Philippines branches; (4) LBP Cash Cards; (5) Outgoing Telegraphic Transfers (OTT) for depositors outside the country; (6) Check/Cheque. However, Sec. 19 of the PDIC Law, as amended, explicitly outlines the following ways PDIC may pay insured deposits: A. Cash B. By making available to each depositor a transferred deposit in another insured bank in an amount equal to the insured deposit of such depositor C. None of the above D. Both A and B | back 38 D. Both A and B |
front 39 The PDIC is an attached agency of the BSP for program and policy coordination. The PDIC Board of Directors is chaired by the ________. A. BSP Governor B. Secretary of Finance C. President of PDIC D. President of the Philippines | back 39 A. BSP Governor |
front 40 The following are the composition of the board of directors of the Philippine Deposit Insurance Corporation (PDIC) except A. Secretary of Finance B. President of the PDIC, who shall be appointed by the President of the Philippines C. Four (4) members from the private sector to be appointed by the President of the Philippines D. None of the above | back 40 D. None of the above |
front 41 The following are the qualifications of the board of directors of the PDIC except A. Good moral character B. Unquestionable integrity and responsibility C. Recognized competence in economics, banking and finance law, management administration or insurance D. At least 45 years old | back 41 D. At least 45 years old |
front 42 Which of the following is FALSE? A. PDIC Board of Directors has the authority to approve and issue rules and regulations to promote and safeguard the interests of the depositing public and to help develop a sound and stable banking system, for the compliance or information of banks, depositors, or the general public. B. Jointly with the BSP, the PDIC conducts bank examinations which may identify, among others, significant weaknesses in deposit operations and controls that may lead to fraud, irregularities and anomalies. C. PDIC has standing agreements with the BSP on information-sharing and examination of banks which provide arrangements on the sharing of relevant information and supervisory concerns. D. The PDIC is an attached agency of the DTI for program and policy coordination. | back 42 D. The PDIC is an attached agency of the DTI for program and policy coordination. |
front 43 Which of the following is FALSE in relation to PDIC's conduct asset disposal for closed banks? A. PDIC conducts asset disposal either through public bidding or negotiated sale as part of its mandate as statutory liquidator of closed banks to liquidate and convert the assets of the closed bank for the benefit of the closed banks’ creditors. B. Proceeds from the sale of these closed bank-owned assets go directly to the national treasury. C. Loan payments collected from borrowers of the closed bank by PDIC, as statutory receiver of closed banks, are added to the pool of funds of these closed banks that are, in turn, used to pay off the closed banks’ creditors. D. The fund and all its earned interest are then distributed to pay the depositors with uninsured deposits and settle the claims of closed banks` creditors | back 43 B. Proceeds from the sale of these closed bank-owned assets go directly to the national treasury. |
front 44 Which of the following statements is TRUE regarding requirements for claims and payment of claims? A. All payments by the Corporation of insured deposits in closed banks partake of the nature of public funds, and as such, must be considered a preferred credit in the order of preference under Article 2244 (9) of the New Civil Code. B. In any case, where PDIC is not satisfied as to the viability of a claim for an insured deposit, it may require final determination of a court of competent jurisdiction before paying such claim C. Each insured bank shall keep and maintain a true and accurate record or statement of its daily deposit transactions consistent with the standards set by the Bangko Sentral ng Pilipinas and the PDIC. D. All of the above | back 44 D. All of the above |
front 45 Republic Act. No. 3591 is the law that created Philippine Deposit Insurance Corporation or PDIC. It has been amended several times over the years, and the most recent amendatory law is Republic Act No.: A. 10864 B. 10149 C. 11840 D. 11211 | back 45 C. 11840 |
front 46 Which of the following deposits is not insured by PDIC? A. Savings Deposit B. Special Savings C. Trust Accounts D. Negotiable Order of Withdrawal | back 46 C. Trust Accounts |
front 47 Which of the following deposits is not insured by PDIC? A. Certificate of Time Deposit in Philippine National Bank Makati Branch B. Bank Deposit in Japan Bank Tokyo Branch C. Savings Deposit in Metrobank Manila Branch D. Special Savings in Bank of Philippine Islands Taguig Branch | back 47 B. Bank Deposit in Japan Bank Tokyo Branch |
front 48 The possibility that failure of one bank to settle net transactions with other bank will trigger a chain reaction, depriving other banks of funds leading to a general shutdown of normal clearing and settlement activity. A. Universal Risk B. Systemic Risk C. General Risk D. Chain-reaction risk | back 48 B. Systemic Risk |
front 49 Who is considered as the statutory receiver of banks? A. Monetary Board B. Philippine Deposit Insurance Corporation C. Bangko Sentral ng Pilipinas D. Commercial Court | back 49 B. Philippine Deposit Insurance Corporation |
front 50 The PDIC also assesses banks and collects assessments equivalent to ______ of bank’s total deposit liabilities. Assessments form part of the PDIC’s Deposit Insurance Fund (DIF), which the PDIC manages. The DIF is the PDIC’s capital/equity account, from which payments for deposit insurance are sourced. As Deposit Insurer, the PDIC prudently manages and builds up the DIF to ensure that it remains ready in case of potential insurance calls. A. 1/5 of 1% B. 1/6 of 1% C. 6/10 of 1% D. 2/3 of 1% | back 50 A. 1/5 of 1% |
front 51 The PDIC is NOT a member of A. Financial Sector Forum (FSF) B. Financial Stability Coordination Council (FSCC) C. Financial Inclusion Steering Committee (FISC) D. Financial Action Task Force (FATF) | back 51 D. Financial Action Task Force (FATF) |
front 52 If a deposit insurance claim is denied, the concerned depositor may file within ________ from receipt of the denial, a verified request for reconsideration based on new evidence, together with affidavit/s and other document/s in support of the claim. A. 30 days B. 45 days C. 60 days D. 90 days | back 52 C. 60 days |
front 53 Claims denied by the receiver shall be filed with the liquidation court within ________ from receipt of the final notice of denial of claim. A. 30 days B. 45 days C. 60 days D. 90 days | back 53 C. 60 days |
front 54 The plan of distribution of the assets of a closed bank to its creditors, based on its estimated realizable value as of a certain cut-off date, prepared in accordance with the Rules on Concurrence and Preference of Credits under the Civil Code or other laws. A. Asset Distribution Plan B. Financial Rehabilitation Plan C. Claim and Liabilities Schedule D. Liquidation Plan | back 54 A. Asset Distribution Plan |
front 55 The Board of Directors shall review the amount of the maximum deposit insurance coverage ________ and increase the maximum deposit insurance coverage as may be warranted. A. every year B. every 3 years C. every 5 years D. every 10 years | back 55 B. every 3 years |
front 56 Refers to a method calculating an insured bank’s assessment on the probability that the DIF will incur a loss with respect to the bank, and the likely amount of any such loss, based on its risk rating. A. Risk-based Assessment System B. Systematic Assessment System C. Sampling Assessment System D. Assurance Assessment System | back 56 A. Risk-based Assessment System |
front 57 Refers to the act of physically taking possession and control of the premises, assets and affairs of a closed bank for the purpose of liquidating the bank. A. Breakover B. Breakeven C. Takeover D. Shutdown | back 57 C. Takeover |
front 58 In the management and/or conversion of the assets of the closed bank, the receiver shall have the authority to I. Conduct a physical or ocular inspection of the properties owned by, or mortgaged to, the closed bank, to determine their existence and present condition II. Determine the disposal price of assets in accordance with generally accepted valuation principles, standards and practices A. I only B. II only C. Both are true D. Both are false | back 58 C. Both are true |
front 59 The PDIC’s corporate social responsibility statement (CSR) is: “The PDIC advocates to empower every Filipino through financial literacy.” In support of this, the PDIC conducts financial literacy sessions under its flagship savings advocacy program, the Be A Wise Saver (BAWS) campaign. BAWS sessions are conducted free of charge for partner-agencies, academic institutions, and local government units. BAWS promotes the habit of wise saving and responsible banking by espousing the 7 Habits of a Wise Saver, as follows: I. Know your bank II. Know your bank products III. Know your bank’s services and fees IV. Keep your bank records safe and updated V. Transact with authorized bank personnel and on official channels only VI. Be informed about PDIC deposit insurance VII. Be cautious of offers that are too good to be true A. I, II, and III only B. I, II, IV, V, and VI only C. I, II, III, IV, and VII only D. All of the above | back 59 D. All of the above |