WorksheetsPAD RETOOLING 2023
Total questions: 23
Worksheet time: 15mins
The PDIC is a government instrumentality created on ________ by RA no. 3591
JUNE 22, 1963
JUNE 23, 1963
JULY 23, 1963
JULY 22, 1962
If you have deposits at the main office and at one or more branches of the same bank, the said deposits are insured separately up to the MDIC of P500,000.
TRUE
FALSE
What does MDIC stand for?
Multimedia Databases and Image Communication
Maximum Deposit Insurance Coverage
Maximum Deposit Insurance Corporation
All statements are true except:
PDIC provides MDIC of P500k per depositor per bank
All deposit accounts of a depositor in a closed bank maintained in the same right and capacity shall be added together
Covers all types of bank deposits in local banks only
A joint account shall be insured separately from any individually-owned deposit account
PDIC is established to promote and safeguard the interests of the depositing public by way of providing (a) coverage on all insured deposits.
All of the items below are basic requirements in filing deposit insurance claim, EXCEPT:
Evidence of deposit
Valid ID
Notarized claim form
Official Receipts
The prescriptive period for filing a deposit insurance claim is (a) (in words) years from bank takeover date.
If the bank was taken-over on November 5, 2021, what is the prescriptive period for filing of deposit insurance claim?
November 5, 2022
November 3, 2023
November 6, 2023
November 5, 2023
A bank granted by the Bangko Sentral ng Pilipinas with the authority to perform banking operations may choose not to be insured with PDIC.
TRUE
FALSE
The two major PDIC mandates are (a) and deposit insurer.
Outstanding loan balances are extinguished when the bank is closed.
True
False
The following are the loan payment schemes after bank closure except:
PNB
Postal Money Order Check
Personal visit at the PAC 3F SSS Bldg
Former bank employees
Creditor’s claims settlement depends on the availability of funds from (a) of assets.
All creditors including those with uninsured deposits are required to file their claims before the 60 days deadline from publication of Notice to Creditors.
TRUE
FALSE
The following are the activities during frontline assistance/ crowd control except:
Attend to quries of bank clients and distribute information materials
Distribute/assist clients in filling out forms/affidavits
Distribute, receive and transmit MAUF
Distribute appointment slips, queing numbers
Conduct medical – dental mission
_____________ ______________ is a public assistance activity which involves distribution of press release, posting of notices, attending to LGU meetings and conducting of public announcements.
(a)
All statements are correct:
1.DBF must be conducted within 3 days after IRID.
2.DBF should be conducted to ALL closed banks without conditions.
TRUE
FALSE
______ _____________ ______ is a form issued by PAD staff to clients of the closed bank to obtain their contact information.
(a)
Which of the following is not part of the takeover activities of PAD:
Coordinate with local authorities
Act as witness during cash count
Secure raw data from IT representative
Inquire from bank staff on the availability of media in local community
Payment of claims
Valid ID is the requirement in the issuance of Appointment Slip.
TRUE
FALSE
Which of the following activities is not part of information dissemination of PAD during takeover activities:
Distribute press release
Posting of notices
Conduct inventory
Conduct public announcements
The following are entitled to receive appointments slips except:
Account balance is above 100K and should be included in the FRID
Business entities whose account balances are above 100K only
Depositor is included in the Masterlist of Offset Items or with loan
Deceased depositor/co-depositor
What D-SIB stands for?
Domestic Systemically Important Bank
Deposit Systems Insured Bank
Deficient Systemically Insured Bank
None of the above
