RgSA.

' The Review Sehool of Acr:ountoncy Poge z of s

c. Only statement 1 is true
d. Only statement 2 is true
't) 8. Within what period can you file for claims with the PDIC?
a. 12 months from closure of the bank
b. 36 months from closure cf the bank
c. 48 months from closure of the bank
d. 24 months from closure of the bank ..i,
,; og1;ryi tui, p1, ;';r.i,:;.,.) ,a: cr.t\.ii nh,*r) ,i w), hut,
(]
l/ 9' A and B are bank tellers of Bangko Srgurado, A and B are chatting
,l 'lr,,l
with
of them made a remark, "You know, the account of public official X iseach other and one
almost zero.,, Thi:;
remark was overheard by C, a columnist. C wrote in his column that the
account of publi<:
official X is almost zero.

Can public official X sue C for violation of R.A, no. t4O5?

a' Yes. What was disclosed is confidential information and the bank account is covered
by
the Bank Secrecy Law.
b. No. C is neither a bank official nor an employee,
c. No. The bank account of public official X is not covered by the Bank Secrecy
Law.
d' No. C violated the civil code and not the Bank secrecy Law.

ll 10' using No' 9. Statement 1: The BIR, as an exception to the Bank Secrecy Law, may inquire
into the bank deposits of a decedent for purposes of ascertaining the correct amount
of
Estate Tax Due of the latter.

Staternent 2: The BIR may likewise inquire into the bank deposits of a taxpayer for
compromise of his tax liability on the ground of financial incapacity.
a. Both statements are true
b. Both statements are false
c. Only statement 1 is true
d. Only statement 2 is true
Y'-
1L' As a rule, directors, officers, stockholder and related interests of a bank (directly or
indirectly) shall not borrow money, obtain a loan, be an endorser, surety, guarantor of a
loan granted by his bank or othelgl-se tncu. cont.a
.thet?.isibmpliancewithcertaiff.ffi,6-'"q,i.ements'Those !o11s- with his bank unless
requirements are the following,
-sxceBU
a' The transaction must be approved by at least the majority of the entire board excluding
the director concerned;
b' The transaction must be reported to the Bangko sentral ng pilipinas;
c. The transaction must be recorded in the boolis of the banficorporation;
d. Unless the loan is fully secured by collateral, the loan must not exceed the book value
of the paid in contribution of the director or stockholder and the amount of
unencumbered stock deposit;
e. .None of the above.
A t2. Statement 1: Foreigners cannot be elected/appointed as._officers_of a bank.

statement 2: Foreigners, however, can be members of the oirectors of a bank; the

total seats for foreign directors shall only be up to the extentQggrd_af
oiactuat foreign equrty.
a. Both statements are true
b. Both statements are false
c. Only statement 1 is true
d. Only statement 2 is true
13. What are the ways for the commission of money laundering under the Anti-Money
1) Laundering Act?
a. If a person knows that a monetary instrument relates to an unlawful activity and
transacts it;
b. If a persons knows that a monetary instrument reiates to an unlawful activity and he
fails to perform an act that facilitates'the commission of money laundering;
c. If there is a transaction that is covered by the anti-money laundering act and the bank
does not report to the anti-money laundering council, the crime of money laundering
itself is committed regardless of the good faith or bad faith on the part of the bank,
d. All of the above.
L4' When an invention is made by an employee in the course of his employment contract, the
patent shall belonq to:
I. The employee if the inventive activity is not a part of his regular duties even if the
employee uses the time, facilities and materials of the employer;