Regulatory Framework in Business

What is the primary purpose of the PDIC?

• To regulate interest rates in banks

• To insure bank deposits and protect depositors

• To invest in government securities

• To supervise all banking transactions

What is the current maximum deposit insurance coverage per depositor, per bank under PDIC?

• PHP 100,000

• PHP 250,000

• PHP 500,000

• PHP 1,000,000

Which of the following types of deposits are not insured by PDIC?

• Savings accounts

• Deposits created through fraud

• Demand deposits

• Time deposits

Deposits insured by PDIC must be held in banks operating in:

• The United States

• The Philippines

• Southeast Asia

• Any ASEAN country

PDIC insurance coverage applies to which of the following account types?

• Mutual funds

• Stocks and bonds

• Demand, savings, and time deposits

• Real estate investments

If a depositor has multiple accounts in the same bank, how is PDIC insurance applied?

• Separately for each account

• Only to the largest account

• Aggregated and insured up to the limit

• Not insured at all

Which law or agency determines if a foreign bank branch can accept deposits in the Philippines?

• Bangko Sentral ng Pilipinas

• Bureau of Internal Revenue

• Department of Finance

• Securities and Exchange Commission

How are joint 'and' accounts insured under PDIC?

• Insured to only one of the depositors

• Not insured at all

• Insurance is split equally between the depositors

• Only insured up to PHP 500,000 for all

In the case of trust accounts, PDIC insures the deposit as if it belongs to:

• The trustee

• The bank manager

• The beneficial owner

• The depositor's spouse

Are deposits from government agencies funded by the National Treasury covered by PDIC?

• Yes

• No

• Only if they are below PHP 500,000

• Only if they are held for over 1 year