Quiz on Bangko Sentral ng Pilipinas (BSP) and RA 11211

What is the primary mandate of the BSP under RA 11211?

• Price stability

• Currency issuance

• Financial inclusion

• Crisis management

What does RA 11211 enhance regarding the BSP's independence?

• Political influence

• Financial independence

• Government oversight

• Public accountability

Which body is the highest policymaking entity of the BSP?

• The Financial Stability Council

• The Monetary Board

• The Executive Committee

• The Board of Directors

How many members are there in the Monetary Board?

• Seven

• Five

• Eleven

• Nine

What is one of the functions of the BSP?

• Implementing monetary policy

• Managing government budgets

• Overseeing public utilities

• Regulating the stock market

What authority does the BSP have regarding currency?

• To issue foreign currency

• To manage gold reserves

• To regulate cryptocurrency

• To issue Philippine currency

What does the BSP do to promote financial inclusion?

• Restricts banking access

• Limits digital payment systems

• Encourages banking access for underserved sectors

• Increases banking fees

What is the BSP's role as a lender of last resort?

• To grant emergency loans to solvent banks

• To provide loans to the government

• To regulate interest rates

• To manage public debt

What does RA 11211 allow the BSP to do regarding its capitalization?

• Maintain a fixed capitalization

• Increase capitalization without a limit

• Reduce its capitalization

• Capitalize only through government funds

Which sector does the BSP NOT supervise?

• Banks

• Insurance companies

• Non-bank financial institutions

• Financial conglomerates