PF-Module-3-Chapter-7-Public Borrowings -Quiz

He is one of the greatest critics of mercantilism.

True or False: In the economic theory known as "mercantilism," governments seek to increase their own power by utilizing the economy of other countries.

• TRUE

• FALSE

What is Official Development Assistance (ODA) as defined in Republic Act No. 8182?

• A type of loan or loan and grant facility with no grant element

• A type of loan or loan and grant facility with a grant element of at least 25%

• A type of grant facility with no loan component

Which of the following countries is not a source of bilateral ODA for the Philippines?

• United States

• Japan

• China

Under what conditions must an ODA loan or loan and grant facility satisfy to qualify as ODA according to Republic Act No. 8182?

• It must be implemented with the aim of advancing sustainable social and economic development and welfare in the Philippines

• It must be contracted only with foreign governments with whom the Philippines has diplomatic relations

• It must be obtainable in the capital market

What currency-denominated guarantees are appreciated against the US dollar?

• Domestic guarantees

• External guarantees

• Third-currency-denominated guarantees

What was the primary cause of the increase in the NG's external debt as of January 31, 2023?

• Net availment of foreign loans

• Local currency appreciation against the US dollar

• Net repayment of both domestic and external guarantees

Who collaborates closely with different government organizations and takes part in several debt management committees?

• Department of Finance

• Department of Budget and Management

• Bangko Sentral ng PIlipinas

• National Economic and Development Authority

Which is not a scope of debt management from a macro perspective?

• Identification of priority areas for foreign financing

• Collection of debts

• Determination of project viability and borrower’s capacity to pay

• Assessment of country’s debt servicing capability

In charge of creating, institutionalizing, and enforcing fiscal policies in order to generate and manage government’s financial resources, oversee all local government units’ revenue operations, and review, approve, and manage all public sector debt.

• Bangko Sentral ng Pilipinas

• Investment Coordination Committee

• Department of Finance

• National Economic Development Authority