11 Questions
PDIC provides insurance coverage for all deposits of any amount.
False
PDIC is an attached agency of the Department of Finance.
False
PDIC only insures traditional bank deposits.
False
PDIC has the authority to manage assets of closed banks.
True
The maximum insurance coverage per depositor is 500,000.00 no matter how many accounts they have in the same bank.
False
PDIC was established by RA 9302, also known as the Philippine Deposit Insurance Corporation Act.
True
The PDIC is a privately owned corporation that insures bank deposits.
False
The PDIC provides deposit insurance coverage for only certain banks.
False
The PDIC was established in 1963 through Republic Act No. 3591.
True
The PDIC provides optional deposit insurance coverage for banks.
False
The PDIC is an attached agency of the Philippine Department of Finance.
False
Test your knowledge about the Philippine Deposit Insurance Corporation (PDIC), its role in protecting depositors, and its functions in promoting financial stability. Learn about deposit insurance and liquidation of closed banks.
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