WorksheetsEXAM SME Loans
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
1. Which is TRUE about MSMEs in the Philippines?
a)
a. They contribute 75% of the country's exports revenue
b)
b. The employ less than 50% of the country's working population
c)
c. They make up 99.58% of the registered enterprises in the country
d)
d. None of the above
2.
2. Which industry constitutes 50% of MSMEs in the Philippines?
a)
a. Agriculture, Forestry, and Fishing
b)
b. Wholesale and Retail Trade
c)
c. Tourism, Accommodation, and Food Service Activities
d)
d. Manufacturing
3.
3. Mr. Villarico is in the process of adding 2 more buildings to his poultry farm to accommodate 12,000 more birds. What product will you offer him?
a)
a. SME Term Loan
b)
b. SME Business Credit Line
c)
c. SME Credit Line
d)
d. SME Standby Credit Line
4.
4.The following are reasons why many SMEs don't have access to Credit except:
a)
a. Lack of acceptable collateral
b)
b. Ownership of business
c)
c. Lack of past creditors
d)
d. No Bank Accounts
5.
5. SME Standby CredIt Line may be used for foreign trade engagements.
a)
a. True
b)
b. False
c)
c. Case-to-case
6.
6. The following are the allowable loan purpose for SME Loan except:
a)
a. Construction of 3-door Apartment
b)
b. Purchase of Business Owner's Personal Car
c)
c. Acquisition of Heavy Equipment
d)
d. Loan Take-out
7.
7. What is the maximum term for SME Term Loan?
a)
a. 7 years from date of initial availment
b)
b. 7 years from 100% release of proceeds
c)
c. 10 years from date of initial availment
d)
d. 10 years from 100% release of proceeds
8.
8. How much is the loanable value for SME Loans?
a)
a. Up to 80% for REM, 90% if Peso TD and 70% if Dollar TD
b)
b. Up to 80% for REM, 90% if Peso TD and 80% if Dollar TD
c)
c. Up to 60% for REM, 90% if Peso TD and 80% if Dollar TD
d)
d. None of the above
9.
9. The following are some of the functions that Business Associations serve except:
a)
a. Market Research
b)
b. Free Advertising Materials
c)
c. Cross-sector Networking
d)
d. Lobbying
10.
10.The following are competencies required of an SME Account Officer, except:
a)
a. Financial Analysis
b)
b. Cash Operations
c)
c. Problem Solving
d)
d. Systems Knowledge
11.
11. How much is the fee for Standby Credit Line (SBYCL)?
a)
a. 1/8 or 1% per month (multiplied by number of months certification will be valid) or PhP2,000.00, or whichever is higher, collected at the expiry of the certification
b)
b. 1/8 or 1% per month (multiplied by number of weeks certification will be valid) or PhP2,000.00, or whichever is higher, collected upfront upon issuance of certification
c)
c. 1/8 or 1% per month (multiplied by number of months certification will be valid) or PhP2,000.00, or whichever is higher, collected upfront upon issuance of certification
d)
d. 1/8 or 1% per month (multiplied by number of weeks certification will be valid) or PhP2,000.00, or whichever is higher, collected collected at the expiry of the certification
12.
12. Rising accounts receivable or inventory in relation to sales is a red flag that AOs should watch out for.
a)
a. TRUE
b)
b. FALSE
c)
c. Case-to-case
d)
d. Deviatable
13.
13. What do you call the approval medium for SME loan applications?
a)
a. Special Instruction Slip
b)
b. Credit Evaluation Slip
c)
c. Offering Slip
14.
14. Which of the following is a framework used in evaluating SME Loans?
a)
a. SWOT
b)
b. Porter's 5 Forces
c)
c. Financial Analysis
d)
d. All of the above
15.
15. Salvador Enterprises is applying for a Business Credit Line for working capital purposes. Based on the AFS, his cost of goods sold is at Php 28.5MM. As per validation, customer terms can go up to 120 days, inventory days is 60, and supplier term is 45 days. How much is the company's working capital requirement?
a)
a. Php 12.7MM
b)
b. Php 10.54MM
c)
c. Php 14.25MM
d)
d. None of the above
16.
16. Mrs. Adriano has an existing PhP30MM Term Loan availed in 2017. TL Balance is down to 12MM. Client wants to re-avail paid up portion to invest in a transportation business. Current business is manufacturing of paper. Will you recommend?
a)
a. Yes, as long the loan is fully secured by collateral
b)
b. Yes, as long as the existing business will act as Corporate Guarantor to the loan
c)
c. No, it is too risky to diversify businesses.
d)
d. No, we wait for the existing loan to be fully paid first.
17.
17. Client is into manufacturing of fast moving consumer goods (FMCG). Client, however is not willing to sign the JSS. Will you recommend?
a)
a. No, this is suspicious for him to refuse.
b)
b. No, JSS is a non-negotiable.
c)
c. Yes, provided that the loan is secured by deposit or collateral and passes all credit evaluation
d)
d. Yes, let's just ask someone else to act as JSS.
18.
18. Ms. Lee is an American Citizen who is involved in a manufacturing business in the US. Client's business has complete papers in the US, with plans of expanding in the Phils. Will you recommend?
a)
a. No, the company has to be at least 60% Filipino-owned.
b)
b. Yes, the company has very promising financials.
c)
c. Yes, we're open for foreign investments.
d)
d. No, he has no properties for collateral here in the Philippines.
19.
19. Which of the following is not a basic application requirement?
a)
a. Latest 6 consecutive full months Major Bank Statement
b)
b. Latest 3 years ITR & AFS duly received and stamped by the BIR
c)
c. OR for Appraisal Fee payment
d)
d. Latest Real Estate Tax Receipt
20.
20. If the Business applying for a loan is a rental business, which additional requirement should be asked for?
a)
a. List of Tenants with Contact Numbers
b)
b. List of Amenities
c)
c. List of Customers and Suppliers
d)
d. Barangay Clearance
100 %
