PAD RETOOLING 2023

PAD RETOOLING 2023

Professional Development

23 Qs

quiz-placeholder

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PAD RETOOLING 2023

PAD RETOOLING 2023

Assessment

Quiz

Professional Development

Professional Development

Practice Problem

Hard

Created by

ALEX BALAG

Used 8+ times

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23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The PDIC is a government instrumentality created on ________ by RA no. 3591

JUNE 22, 1963

JUNE 23, 1963

JULY 23, 1963

JULY 22, 1962

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does MDIC stand for?

Multimedia Databases and Image Communication

Maximum Deposit Insurance Coverage

Maximum Deposit Insurance Corporation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

PDIC is established to promote and safeguard the interests of the depositing public by way of providing  __________  coverage on all insured deposits.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the items below are basic requirements in filing deposit insurance claim, EXCEPT:

Evidence of deposit

Valid ID

Notarized claim form

Official Receipts

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The prescriptive period for filing a deposit insurance claim is _____ (in words) years from bank ​takeover date.

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