PAD RETOOLING 2023
Quiz
•
Professional Development
•
Professional Development
•
Hard

ALEX BALAG
Used 8+ times
FREE Resource
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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