PROF 4 QUIZ

TRUE or FALSE: PNB is formerly a government bank which was later privatized.

• True

• False

Development Bank of the Philippines is primarily created to

• provide timely and adequate financial support to agrarian reforms to free tenant farmers from landlordism.

• provide credit facilities to rural banks.

• provide credit facilities for the rehabilitation, development and expansion of agriculture.

• provide credit facilities to the broadening and diversification of national economy.

The Chairman and Board of Directors of the Land Bank of the Philippines are appointed by the

• Secretary of the Department of Agriculture

• Majority of the stockholders of the bank

• President of the Philippines

• Secretary of the Department of Agrarian Reform

Granting loans to cooperative associations is among the corporate powers of

• Philippine National Bank

• Land Bank of the Philippines

• Development Bank of the Philippines

"To prescribe its by-laws" is among the corporate powers of

• Philippine National Bank

• Land Bank of the Philippines

• Development Bank of the Philippines

• All the government banks

Commercial banks grant mainly...

• acceptance of savings deposit

• loans to traders and merchants

• short-term loans

• all of the above.

Banks are organized under Corporation form of business organization only.

• True

• False

Which of the following does not belong to the group?

• Real-estate Loans

• Commercial Loans

• Agricultural Loans

• Demand Loans

Expanded Commercial Banks are called...

• International Banks

• World Bank

• Universal Bank

• Global Banking

BDO is an example of Commercial Bank.

• True

• False