30 Questions
What is the primary purpose of rural banks?
To finance projects related to agricultural progress
What is a characteristic of non-bank thrift institutions?
They are organized as non-bank entities
What type of financial institution is a thrift bank?
A type of specialized government bank
What service is typically provided by banking institutions?
All of the above
What is a characteristic of non-bank financial intermediaries (NBFIs)?
They are financial institutions that do not have a full banking license
What is an example of a savings and loan association?
BPI Products and Services
What is the primary purpose of the Development Bank of the Philippines (DBP)?
To provide loans for developmental purposes, agricultural, commercial, and industrial sectors
What is the main objective of the Land Bank of the Philippines (LBP)?
To provide financial support in the implementation of the Agrarian Reform Program
What is unique about the Al-Amanah Islamic Investment Bank?
It is the only bank authorized to offer Islamic banking services
What led to the complexity of the Philippine financial system during the 1980s and 1990s?
Aggressive economic policies and structural changes
What was the total asset value of the Philippine banking system as of November 2005?
P 4.4 trillion
How many banking institutions were there in the Philippines by the end of September 2005?
881
What has been the growth trend in the banking system since 2016?
Double-digit asset growth
What has been the trend in the insurance industry's total assets from 2008 to 2016?
More than doubled
What is the total market capitalization of the equities market as of March 2018?
PHP17.31 trillion
What has the BSP done to incentivize consolidation in the banking industry?
Increased minimum capital requirements
What is the BSP's goal in releasing circulars to streamline bond and commercial paper issuance?
To liberalize foreign exchange regulations
What is the goal of the Financial Reporting Standards Council in preparing for the implementation of the PFRS?
To align with international best practices
What was the impact of increased spending on healthcare and social assistance programs on the government budget?
It widened the government budget deficit
What was the effect of school closures on education?
It exacerbated inequalities in access to quality education
What was the impact of the pandemic on agricultural production?
It disrupted agricultural production and distribution
What was the effect of lockdown measures on manufacturing activities?
It affected manufacturing activities due to supply chain disruptions and reduced demand
What was the impact of the pandemic on retail businesses?
It faced challenges due to reduced foot traffic, consumer confidence, and purchasing power
What was the impact of the pandemic on the entertainment and events industry?
It led to the cancellation or postponement of concerts, festivals, and other events
Which organization has entered into a cross-border partnership with deposit insurance agencies from Asia, the UK and the US?
Philippine Deposit Insurance Corporation (PDIC)
What is the purpose of the roadmap outlined by the BSP, Bureau of the Treasury, and SEC?
To accelerate the development of the Philippine debt market
Which of the following is NOT a financial product introduced to the domestic market?
Commodities
What is the purpose of the reforms initiated by the SEC?
To improve price discovery in the market
What is the focus of the SEC's rules governing the crowd-funding market?
To finalize rules governing the crowd-funding market
Which of the following is a priority outlined in the roadmap for the Philippine debt market?
Establishing a reliable financial benchmark
Learn about non-bank thrift institutions, their types, and examples. Understand their role in the financial system and how they differ from banks.
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