1.The following are the functions of the Philippine Deposit Insurance Corporation, except:
a. Insurer of banks
b. Regulator of banks
c. Receiver and liquidator of closed banks
d. None of the above
2.Statement 1: If the deposit account is held by a juridical person or entity jointly with one or more natural persons, the maximum insured deposits shall be presumed to belong entirely to such juridical person or entity.
Statement 2: The separate interest of each co-owner over several joint accounts, shall be subject to the maximum insured deposit.
a. Both statements are true
b. Both statements are false
c. Only statement 1 is true
d. Only statement 2 is true
3. From the following accounts, compute the insurable deposit coverage of each depositor under the PDIC law: Jinky Cruz and/or Venancio Estrada P 800,000 Jinky Cruz 100,000 Jinky Cruz ITF Baldo David 300,000 Jinky Cruz Store 500,000 Jinky Cruz or Pedro Lamut 100,000 Jinky Cruz and ZZZ, Inc. 600,000 Jinky Venancio Baldo Jinky Store Pedro ZZZ a. 1,000,000 250,000 O O 50,000 500,000 b 500,000 400,000 300,000 500,000 50,000 250,000 C. 950,000 400,000 300,000 50,000 500,000 d. 800,000 250,000 300,000 O 50,000 500,000 4. What is the window period for a prohibited splitting of accounts by a depositor in order to avail of the benefits of maximum deposit insurance coverage under the PDIC? a. 60 days immediately preceding or during a bank-declared bank holiday, or immediately preceding a closure order issued by the Monetary Board of the Bangko Sentral ng Pilipinas b. 100 days immediately preceding or during a bank-declared bank holiday, or immediately preceding a closure order issued by the Monetary Board of the Bangko Sentral ng Pilipinas c. 120 days immediately preceding or during a bank-declared bank holiday, or immediately preceding a closure order issued by the Monetary Board of the Bangko Sentral ng Pilipinas d. 150 days immediately preceding or during a bank-declared bank holiday, or immediately preceding a closure order issued by the Monetary Board of the Bangko Sentral ng Pilipinas 5. Which of the following deposits is not considered "deposit" for the purpose of the maximum deposit insurance coverage under the PDIC? a. Foreign currency deposits b. Thrift bank deposits c. Deposits in a foreign branch of a domestic bank d. Deposits in a domestic branch of a foreign bankif. The filing of claim by depositar far claim an insured deposit against the PDlC shall be made within after bank takeover by the FDIC. a. :5 months b. l2months c. 24 months d. 36 months 3.): is a depositor of non. Bank. She has three [3} deposit accounts all under her name. One. in checking account. one in saving account and another one in time deposit account. Each account has a balance of Php250.UOD. AAA Bani; became insolvent. Philippine Deposit Insurance Corporation closed the Bank. it therefore is unable to withdraw from all of the accounts. She then tied her claims with the Philippine Deposit Insurance Corporation. Which statement is most accurate? a. it: can claim a total of thSiItUDO for all the three {3} accounts. b. it can only claim for one [ii account at Php250.000. c. it can claim a total at Php?50.DDO for all the three {3] accounts. d. it cannot cla'rn anything from any at the deposit accounts. y.lt refers to the unpaid balance of money or its equivalent received by a bank in the usual course at business. a. Savings account b. Deposit c. Demand deposit d. Any of the above 10.5tatement l: A deposit. under the FDIC law. sh all not include any obligation of a bani: which is payabte at the office at the bank located outside of the Phiiopines. Statement 2: n domestic bani: with branch outside the Phiippines may elect to 'nclude for insurance its deposit obligations payable only at such branch. a. Only statement 1 is true b. Only statement 2 is true :2. Bath statements are true d. Both statements are false
