1.

The General Banking Law of 2000 applies –

a. To all types of banks in suppletory manner.
b. Only to banks which are not government owned or controlled.
c. To savings and mortgage banks, non-stock savings and loans
associations, and private development banks.
d. To the operation of branches of foreign banks in the
Philippines.

2. Which of the following negates a charge that an entity is engaged

in banking business?
a. If it obtains funds only from qualified depositors.
b. If it invests, rather than lends, the funds obtained.
c. If at any given time, the number of depositors falls below
twenty (20).
d. If it has not obtained the requisite authority to operate
as such from the Bangko Sentral ng Pilipinas.

3. The distinction between deposits and deposit substitutes is

material in determining –
a. Whether an entity accepting either one is subject to
supervision by the BSP.
b. Whether a commercial bank that accepts both will need a
separate license from the BSP.
c. What degree of diligence a bank is required to exercise in
handling the same.
d. Whether a universal bank may use the same purposes of
lending or relending, as the case may be.

4. A bank teller fails to observe the standard procedures of a bank

in verifying the signature of the drawer of a check and honors
the same when presented for payment by a person who forged the
signature of the drawer on the check entrusted to him. What
defense can a bank raise to negate or mitigate its liability to
the drawer whose signatures was forged.
a. The drawer is guilty of contributory negligence.
b. The act of the bank teller is unauthorized.

5. A bank is NOT liable for its failure to observe the degree of

diligence as required by its fiduciary duty under Sec. 2 of the
GBL of 2000.
a. If such failure was prior to the enactment of the GBL of 2000.
b. If no actual damage was suffered by the depositor.
c. If the transaction involves money market placements.
d. If there is a contractual stipulation between the bank and the
depositor supported by valuable consideration which lowers the
degree of diligence required to be exercised by the bank to
that of a good father of family.