ENTREP QUIZ

Which sector is considered a key driver of the Philippine economy?

• Agriculture

• Textile industry

• Business Process Outsourcing (BPO)

• Mining

What is a major source of income for many Filipino families that also significantly contributes to the economy?

• Domestic investments

• Exports

• Remittances from Overseas Filipino Workers (OFWs)

• Foreign loans

Which sector has the Philippine government actively promoted to attract more visitors and develop the economy?

• Manufacturing

• Real estate

• Tourism

• Energy

Despite economic growth, what remains a persistent issue in the Philippines?

• Overpopulation

• Income inequality

• Lack of natural resources

• Labor shortages

What is one of the significant challenges hindering economic growth and development in the Philippines?

• Inflation

• Corruption

• High literacy rates

• Excessive taxation

Which government agency is responsible for promoting trade and industry in the Philippines?

• Department of Labor and Employment (DOLE)

• Department of Tourism (DOT)

• Department of Trade and Industry (DTI)

• Department of Finance (DOF)

What does the Business Name Registration System (BNRS) under the DTI allow entrepreneurs to do?

• Pay taxes

• Register business names online

• Apply for loans

• Register trademarks

Which government agency is responsible for overseeing the securities market in the Philippines?

• Bureau of Internal Revenue (BIR)

• Securities and Exchange Commission (SEC)

• Department of Budget and Management (DBM)

• Bangko Sentral ng Pilipinas (BSP)

What is one of the services offered by the DTI to support SMEs?

• Tax exemptions

• Access to financing

• Free office space

• Automatic registration

Which government agency is tasked with managing the collection of taxes and ensuring tax compliance in the Philippines?

• Department of Finance (DOF)

• Board of Investments (BOI)

• Bureau of Internal Revenue (BIR)

• Department of Justice (DOJ)