Regulatory Frameworks and Legal Issues in Business

Which of the following actions can the PDIC not take to resolve issues in banks?

• Help depositors access their insured deposits when a bank faces bankruptcy

• Resolve issues in banks while they are still open

• Hasten the liquidation process for closed banks

• None of the other choices

The PDIC can net out a depositor's loan obligations with a closed bank from their insured deposits.

• The statement is true

• The statement is false

• The statement is neither true or false

What is the maximum deposit insurance coverage provided by the PDIC?

A systematic risk refers to the possibility of failure of one bank to settle net transactions with other banks will trigger a ___________?

Which of the following is a criminal act punishable by imprisonment and fines?

• Maintaining multiple deposit accounts in different banks

• Depositing funds in a foreign bank branch

• Withdrawing funds before a bank closure

• Splitting a deposit to avail of maximum deposit insurance coverage

According to PDIC rules, deposits payable in a place outside of the Philippines are insured.

• The statement is true.

• The statement is false.

• The statement is neither true or false.

• There is no correct answer.

If a depositor has both individual and joint accounts, what is the maximum total insurance coverage they can have?

The PDIC must settle claims within ___________ from the date of filing unless there are legal or factual issues requiring resolution by another body.

• 3 months

• 8 months

• 6 months

• 5 months

Which of the following best describes the role of PDIC?

• Managing the country's monetary policy.

• Auditing the financial statement of corporations.

• Regulating the stock market.

• Providing insurance coverage for bank deposits.

In what year was the Philippine Deposit Insurance Corporation (PDIC) created?

• 1963

• 1973

• 1983

• 1993