Вы находитесь на странице: 1из 3

GROUP 3

LAW ON BANK SECRECY AND UNCLAIMED DEPOSITS

1. Section 2 of the Law on Secrecy of Bank deposits exceptions. During a special or


general examination of a bank, they authorized to investigate bank fraud or a serious
irregularity.
a. Constitutional Commission
b. Ombudsman
c. Supreme Court
d. Monetary Board

2. A has ₱10,000 on his saving account, ₱20,000 in his checking account, ₱30,000 in his
money market placement and ₱40,000 in a trust fund. Which of the accounts are covered
by the Secrecy of Bank Deposits Law?
a. Checking account
b. Savings account
c. Both a and b
d. Neither a nor b

3. Amending act numbered thirty nine hundred and thirty six, an act requiring banks, trust
corporations, and building and loan associations, to transfer unclaimed balances held by
them to the treasurer of the Philippines and for other purposes.
a. P.D. No. 676
b. P.D. No. 678
c. P.D. No. 676
d. P.D. No. 679

4. Who signed the Presidential Decree in the preceding number?


a. Corazon C. Aquino
b. Ferdinand E. Marcos
c. Fidel B. Ramos
d. Manuel L. Quezon

5. Within the meaning of this Act, shall include credits or deposits of money, bullion,
security or other evidence of indebtedness of any kind, and interest thereon with banks,
buildings and loan associations, and trust corporations, as hereinafter defined, in favor of
any person known to be dead or who has not made further deposits or withdrawals during
the preceding ten years or more.
a. Unclaimed balances
b. Law on Secrecy
c. General Banking act
d. None of the above

6. Within the meaning of this Act, shall refer to institutions defined under Section two,
thirty-nine and fifty-six respectively, of Republic Act Numbered Three Hundred Thirty
Seven, otherwise known as the General Banking Act, amended, whether organized under
special charters or not
A. Banks building and Loan association, Trust corporations
B. Unclaimed Balances
C. Law on Secrecy
D. None of the above

7. An act prohibiting disclosure of or inquiry into, deposits with any banking institution
and providing penalty
A. R.A. No. 1404
B. R.A. No. 1405
C. R.A No. 1406
D. None of the above

8. Any violation of this law will subject offender upon conviction, to an imprisonment of
not more than five years or a fine of not more than twenty thousand pesos or both, in the
discretion of the court
A. Section 3
B. Section 4
C. Section 5
D. All of the above

9. Who commence an action in the name of the people of the republic of the philippines.
A. Solicitor General
B. Monetary Board
C. Treasurer of the Philippines
D. Bureau of Treasury

10. The authority to examine all records of banks in the discharge of its reponsibilities
under the Central Bank Charter
A. Land Bank
B. BDO
C. Central Bank
D. None of these

11. Under what section is unclaimed balances defined as include credits or deposits of
money, bullion, security or other evidence of indebtedness of any kind and interest
thereon with banks, buildings and loan associations and trust corporations
a. Section 1 of RA 3693
b. Section 1 of RA 3639
c. Section 1 of RA 3936
d. Section 1 of RA 3636

12. All banks, building and loan associations and trust corporations to submit a sworn
statement of a list of all unclaimed balances before them to the ______.
a. Solicitor General
b. Treasurer of the Pihilippines
c. Constitutional Commision
d. None of the above

13. The one who institute an escheat proceeding before the unclaimed balances are
deposited to the credit of the government.
a. Monetary Board
b. Treasurer of the Philippines
c. Solicitor General
d. Bureau of Treasury

14. It refers to the judicial process in which the state, by virtue of its sovereignty, steps in
and claims abandoned, left vacant or unclaimed property, without there being an
interested person having a legal claim thereto.
a. Unclaimed Balances
b. Escheat Proceedings
c. Dormancy
d. None of the above

15. The one who commence an action in the name of the People of the Republic of the
Philippines, so that a judgment may be rendered in its favor, declaring that the unclaimed
balances be escheated in favor of the government and commanding the bank, building
and loan association or trust corporation.
a. Solicitor General
b. Bureau of Treasury
c. Monetary Board
d. Treasurer of the Philippines

16.Without this law, no one knows what he has to be done regarding his banking privacy.
A. PDIC
B. AMLA
C. BANKING LAW
D. CONFIDENTIALITY LAW

17. In order for the bank-customer to be organized and well-directed, this law was
established.
A. BANK SECRECY LAW
B. INSURANCE LAW
C. OIC LAW
D. PROPER DISCLOSURE LAW

18. An act prohibiting disclosure of or inquiry into, deposits for with any banking
institution and providing penalty therefore.
A. R.A NO. 1405
B. P.D NO. 1792
C. R.A NO. 3936
D. P.D NO. 679

19. The examination and inquiry or looking into all deposits of whatever nature will
banks or banking institutions in the Philippines by: Any person; government officials;
bureau or this law; office, are liable under what section of P.D no. 1792?
A. Sec.1
B. Sec. 2
C. Sec. 3
D. Sec. 4

20. The disclosure into all deposits of whatever nature with banks or banking institutions
in the Philippines by: any official of any banking institution; or an employee of any
banking institution, are liable under what section of P.D no. 1792?
A. Sec. 1
B. Sec. 2
C. Sec. 3
D. Sec. 4