law and the birkin of the bag and the grimoire PDF

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If you call the hotline, you will talk to an automated system instead of a real person.
The automated machine can give you money if the bank teller is busy.
On the third floor of the factory, automated robots package the products instead of people....

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PDIC LAW (R.A. 3591 as amended by R.A 7400, R.A. 9302 [2004], R.A. 9576 [2009], and R.A. 10845 [2016]) QUIZ 1. If the account is held by a juridical person or entity jointly with one or more natural persons, the maximum insured deposit shall pe presumed to belong entirely to such juridical person or entity. a. True b. False 2. Depositor HAN, owns a savings account in ALIEN Bank with a balance of Php 325,000. Aside from the savings account, HAN also opened a current account in ALIEN Bank with a balance of Php 1,080,000. In 2021, ALIEN Bank was ordered by the Monetary Board to be closed due to insolvency. How much can HAN recover form PDIC? a. 0 b. PHP 320,000 c. PHP 500,000 d. None of the above 3. Previously the PDIC’s maximum deposit insurance coverage is up to Php 350,000 per depositor with the bank. R.A. No. 9576 signed by the President on April 29, 2009 increased the coverage to PHP 500,000. a. False b. True 4. PDIC covers the risk of bank closure order by the Monetary Board, bank losses due to theft, fire, closure by reason of strike or existence of public disorder, revolution or civil war. a. True b. False 5. JISUNG and MINHO have the following account balances in Bank MINSUNG: JISUNG PHP 500,000 MINHO PHP 500,000 JISUNG and MINHO PHP 500,000 How much can MINHO recover from PDIC? a. 0 b. PHP 500,000 c. PHP 750,000 d. PHP 1,000,000

6. The bank records of Bank MAMAMOO show the following joint account and their balances: Hwasa and/or Solar PHP 500,000 Hwasa and/or Wheein PHP 500,000 Hwasa and/or Moonbyul PHP 500,000 Is each account insured? a. Yes b. No 7. For account holders with a total deposit amount of not more than Php 100,000, there is an automatic payment by mail. PDIC sends the check to by mail, in cooperation with the Philippine Postal Office. Provided that the following requisites are satisfied except: a. The depositor has no obligation with the closed bank, or have acted as co-makers of these obligations, or are not spouses of the borrowers b. The depositor has complete mailing address found in the bank records or have updated their addresses through the Mailing Address Update Form (MAUF) of PDIC before the start of the onsite claims settlement operation c. The depositor has not maintained the account under the name of the business entities. d. All are requisites to receive claims through mail 8. When should the depositor of a closed bank file his deposit insurance claim with the PDIC? a. Within 12 months from the date of bank takeover b. Within 24 months from the date of bank takeover c. Within 36 months from the date of bank takeover d. Within 48 months from the date of bank takeover 9. Enumerate the requirements in filing claims for account holders of more than Php 100,000 a. Original evidence of deposits b. Valid original photo-bearing Identification Document (ID) with clear signature of depositor/claimant c. Birth certificate, if depositor is below 18 and Valid ID of parent d. Notarized SPA for claimants who are not the signatories in the bank records 10. Enumerate the mode of payment of the insured deposits a. Cash b. Bank transfer (by making available to each depositor a transferred deposit in another insured bank in an amount equal to the insured deposit of such depositor) 11. Which of the following is/are TRUE? I. A person to be appointed as a member of the Board shall be above thirty-four (34) years of age. II. The President of the Corporation shall also serve as the Chairman of the Board.

a. Both statements b. Only Statement I c. Only Statement II d. None of the statements Section 3, PDIC Charter 2016 Edition 12. Which of the following is/are TRUE? I. Deposit, under RA 3591, means the unpaid balance of money or its equivalent received by a bank in the usual course of business including any obligation of a bank which is payable at the office of the bank located outside of the Philippines. II. The corporation shall NOT pay deposit insurance for investment products such as bonds and securities, trust accounts, and other similar items. a. b. c. d.

Both statements Only Statement I Only Statement II None of the statements Definition of terms, PDIC Charter 2016 Edition

13. Which of the following is/are TRUE? I. The term payout means a deposit in an insured bank made available to a depositor by the Corporation as payment of insured deposit of such depositor in a closed bank and assumed by another insured bank II. The term valid claim refers to a claim or suit against the asset of a closed bank. a. b. c. d.

Both statements Only Statement I Only Statement II None of the statements Definition of terms, PDIC Charter 2016 Edition

14. The insurance risk evaluation of the Corporation, which may be done whenever the BSP determined a bank to be capital deficient, include: I. The determination of fair market value of the assets and liabilities of the bank. II. The determination of credit management and credit policy implemented by the bank as a control to reduce its financial risks. III. The determination of the risk classification of the bank. IV. The determination of possible resolution modes under Section 11 of this Act, subject to terms and conditions as the PDIC Board may prescribe. a. I, II, III and IV b. I, III and IV c. I, II, and IV

d. I and IV Section 6, PDIC Charter 2016 Edition

15. Which of the following is/are TRUE? I. Under Section 7 of this act, the assessment rate shall be determined by the Board of Directors II. The assessment rate shall not exceed 0.20% per annum. The semi-annual assessment for each insured bank shall be in the amount of the half of the assessment rate multiplied by the assessment base, provided that it shall be at least Five thousand pesos (P5, 000.00). a. b. c. d.

Both statements Only Statement I Only Statement II None of the statements Section 7, PDIC Charter 2016 Edition

16. Personnel of the Corporation are prohibited from: I. Being an officer, director, consultant, employee or stockholder, directly or indirectly, of any bank or banking institution except as otherwise provided in this act. II. Receiving any gift or thing of value from any officer, director or employee thereof. III. Revealing any information relating to the condition or business or business of such institution unless the information is to be given to the Board of Directors, Vice Chairman of the Board, Congress, any agency of government authorized by law, or to any person authorized by either of them in writing to receive such information. a. b. c. d.

I, II and III I and II I and III II and III Section 10 (d-1) (e), PDIC Charter 2016 Edition

17. X and Y have the following deposits in B Bank:  Account in the name of X, P300,000 savings deposit  Account in the name of X AND Y, P600,000 time deposit  Account in the name of Y, P480,000 savings deposit  Account in the name of X OR Z, P98,000 demand deposit  Account in the name of Y AND Z, P400,000 demand deposit How much is the total insured and uninsured deposit of Y?

a. b. c. d.

P980,000; P89,000 P980,000; P40,000 P1,000,000; P20,000 P1,000,000; P69,000

18. How much is the total insured and uninsured deposit of X? a. b. c. d.

P640,000; P0 P640,000; P140,000 P689,000; P0 P689,000; P140,000

19. On April 10, 2021, upon examination, The Philippine Deposit Insurance Corporation disclosed that U Bank, an insured bank, violated the section 2 of RA 1405.The Board of Directors of the Philippine Deposit Insurance Corporation then submitted a report of the examination to the Monetary Board in order to secure corrective action thereon. If it is deemed necessary, when can the Board of Directors institute motu proprio corrective action, assuming that the Monetary Board failed to take such? a. b. c. d.

May 15, 2021 April 30, 2021 May 25, 2021 June 9, 2021 Section 8, PDIC Charter 2016 Edition

20. Enumeration: Who can sign the insurance claim? a.) Depositor of the account b.) Parent c.) Agent d.) Trustees e.) Each Depositor (in case of JA)...