What is the primary mandate of the BSP under RA 11211?

Quiz on Bangko Sentral ng Pilipinas (BSP) and RA 11211

Quiz
•
Business
•
12th Grade
•
Medium
Shie Espino
Used 1+ times
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Price stability
Currency issuance
Financial inclusion
Crisis management
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does RA 11211 enhance regarding the BSP's independence?
Political influence
Financial independence
Government oversight
Public accountability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which body is the highest policymaking entity of the BSP?
The Financial Stability Council
The Monetary Board
The Executive Committee
The Board of Directors
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many members are there in the Monetary Board?
Seven
Five
Eleven
Nine
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the functions of the BSP?
Implementing monetary policy
Managing government budgets
Overseeing public utilities
Regulating the stock market
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What authority does the BSP have regarding currency?
To issue foreign currency
To manage gold reserves
To regulate cryptocurrency
To issue Philippine currency
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the BSP do to promote financial inclusion?
Restricts banking access
Limits digital payment systems
Encourages banking access for underserved sectors
Increases banking fees
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