10 Questions
What is the number of members on the Monetary Board?
Seven
Who appoints the members of the Monetary Board?
The President of the Philippines
What is the term of service for the members of the Monetary Board?
Six years
What is a requirement for the Governor of the Bangko Sentral?
Must be confirmed by the Commission on Appointments
What happens when the Governor is unable to attend a meeting of the Board?
The Deputy Governor acts as the alternate
What is the minimum age requirement for the Governor of the Monetary Board?
40 years old
What happens when a vacancy is created in the Monetary Board due to the death, resignation, or removal of a member?
A new member is appointed to complete the unexpired term of the member concerned
What is a requirement for members of the Monetary Board coming from the private sector?
They must not hold any other public office or public employment during their tenure
What is a ground for removing a member of the Monetary Board from office?
If the member is guilty of acts or operations which are of fraudulent or illegal character
What is a restriction on members of the Monetary Board after the expiration of their term?
They cannot be employed in any such institution within two years
Learn about the governance of the Bangko Sentral, the central bank of the Philippines. Discover the composition and qualifications of the Monetary Board, as well as the restrictions on its members. Test your knowledge of the New Central Bank Act and its provisions.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
