Monetary Board Responsibilities Quiz

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Questions and Answers

Which of the following is NOT a responsibility of the Monetary Board?

Adopting an annual budget for the BSP (correct)
Directing the management of the BSP
Issuing rules and regulations
Reorganizing the personnel of the BSP

What is one of the responsibilities of the Monetary Board?

Managing the BSP's budget
Indemnifying its members and officials
Supervising the BSP's operations (correct)
Overseeing the selection of personnel

What does the Monetary Board do in relation to personnel of the BSP?

Transfer all personnel (correct)
Promote all personnel
Hire and appoint all personnel
Dismiss all personnel

What does the Monetary Board do to protect its members and officials?

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Study Notes

Which of the following is NOT a responsibility of the Monetary Board? What is one of the responsibilities of the Monetary Board? What does the Monetary Board do in relation to personnel of the BSP? What does the Monetary Board do to protect its members and officials?