The Monetary Board of Bangko Sentral
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Questions and Answers

What is the number of members on the Monetary Board?

  • Eleven
  • Five
  • Seven (correct)
  • Nine

Who appoints the members of the Monetary Board?

  • The Governor of the Bangko Sentral
  • The Monetary Board itself
  • The President of the Philippines (correct)
  • The Commission on Appointments

What is the term of service for the members of the Monetary Board?

  • Six years (correct)
  • Four years
  • Eight years
  • Ten years

What is a requirement for the Governor of the Bangko Sentral?

<p>Must be confirmed by the Commission on Appointments (B)</p> Signup and view all the answers

What happens when the Governor is unable to attend a meeting of the Board?

<p>The Deputy Governor acts as the alternate (C)</p> Signup and view all the answers

What is the minimum age requirement for the Governor of the Monetary Board?

<p>40 years old (D)</p> Signup and view all the answers

What happens when a vacancy is created in the Monetary Board due to the death, resignation, or removal of a member?

<p>A new member is appointed to complete the unexpired term of the member concerned (B)</p> Signup and view all the answers

What is a requirement for members of the Monetary Board coming from the private sector?

<p>They must not hold any other public office or public employment during their tenure (B)</p> Signup and view all the answers

What is a ground for removing a member of the Monetary Board from office?

<p>If the member is guilty of acts or operations which are of fraudulent or illegal character (A)</p> Signup and view all the answers

What is a restriction on members of the Monetary Board after the expiration of their term?

<p>They cannot be employed in any such institution within two years (C)</p> Signup and view all the answers

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