Quiz on Banking Institutions

Under which law was the Land Bank of the Philippines granted expanded commercial banking powers?

• Executive Order No. 198

• Republic Act No. 3844

• Republic Act No. 6657

• Presidential Decree No. 251

Which bank is known as the first and only Islamic bank in the Philippines?

• Land Bank of the Philippines

• Development Bank of the Philippines

• Al-Amanah Islamic Investment Bank

• Philippine Amanah Bank

What is one of the major areas of financing for the Development Bank of the Philippines?

• Retail banking

• Infrastructure and logistics

• Investment banking

• Personal loans

Which of the following is NOT a subsidiary of the Land Bank of the Philippines?

• LBP Leasing Corporation

• LBP Resources and Development Corporation

• LBP Insurance Brokerage

• DBP Data Center, Inc.

What is the main activity of the Development Bank of the Philippines?

• Investment in foreign markets

• Providing personal loans

• On-lending of official development assistance funds

• Retail banking for consumers

Which bank was established to finance the acquisition and distribution of agricultural estates?

• Al-Amanah Islamic Investment Bank

• Development Bank of the Philippines

• Philippine Amanah Bank

• Land Bank of the Philippines

What is the role of government-owned banks in the financial system?

• To focus solely on investment banking

• To eliminate private banks

• To restrict access to financial services

• To provide countercyclical lending

What is one of the contributions of government banking institutions to national development?

• Encouraging private banks to avoid risk

• Limiting access to credit

• Reducing the number of banks

• Providing higher risk finance

What year was the Land Bank of the Philippines established?

• 1963

• 1973

• 1990

• 1988

Which of the following is a major area of financing for DBP?

• Personal loans

• Social services

• Investment banking

• Retail banking