Question 1
Which of the following is not a function of the PDIC?
 A. Deposit insurer
B. Co-regulator of banks
C. Receiver and liquidator of closed banks
D. Engage in the lending of funds obtained from the public

 Answer: D. This is a function of banks or banking institutions. 

institutions. 

Question 2
What is the amount of insured deposit?
 A. Minimum of P500,000, gross
B. Maximum of P500,000, gross
C. Maximum of P500,000, net
D. Minimum of P500,000 net

 Answer: C. The insured deposit isis net of any obligation of the depositor to
to the insured bank as of the date
of closure, but not to exceed P500,000.

Question 3
True/False. Joint
True/False. Joint accounts shall be insured separately from
f rom any individually-owned deposit account.

 Answer: True.

Case 1 (for questions 4 to 8)

Juan dela Cruz has the following deposits in Bank 1:
 Individual account
account in his name: P600,000 savings deposit
 – Joint account
 – account in his name
name AND Maria dela Cruz:
Cruz: P500,000 time deposit
 – Joint account
account in his name
name OR Pedro dela Cruz:
Cruz: P800,000 demand deposit
 Assume that for the joint accounts, there is equal sharing.
(Source: PDIC)

Question 4 
4 
What is the total insured deposit of Juan dela Cruz? 
Cruz? 
 A. P500,000
B. P750,000
C. P1,000,000
D. P1,250,000

 Answer: C. For the single/individual

single/individual account = P500,000; for the AND joint account = P250,000 (P500,000
(P500,000
maximum/2); for the OR joint account = P250,000 (P500,000 maximum/2)

Question 5  5 
What is the total uninsured deposit of Juan dela Cruz? 
Cruz? 
 A. P100,000
B. P250,000
C. P500,000
This website stores data such as
D. P600,000
cookies to enable essential site
functionality, as well as marketing,
 Answer: B. For
personalization, the single
and analytics. account = excess of P100,000; for the AND joint account
account
You account = no excess; for the
mayOR joint your
change account = excess
settings of P150,000 (P300,000/2)
at any time
or accept the default settings.
Question 6  6 
What is the total insured deposit of Maria dela Cruz? 
Cruz? 
Privacy Policy
 A. Zero
B. P250,000
Marketing
C. P500,000
Personalization
D. None of the choices
Analytics
 Answer: B. P500,000/2
Save Accept All
Question 7 
7 
What is the total insured deposit of Pedro dela Cruz? 
Cruz? 
 

 A. Zero
B. P250,000
C. P400,000
D. P500,000

 Answer: B. Maximum P500,000/2

P500,000/2

Question 8 
8 
What is the total uninsured deposit of Pedro dela Cruz? 
Cruz?  
 A. Zero
B. P100,000
C. P150,000
D. P250,000

 Answer: C. Excess of P300,000/2

Case 2 (questions 9 to 10) 

10)  
In addition to the accounts in Case 1, assume that, the following joint account is also maintained by Juan
dela Cruz in the same bank:
 – Joint account in his name or Maria dela Cruz or Pedro dela Cruz = P450,000 (equal sharing)

Question 9 
9 
What is the total of insured deposit of Juan dela Cruz? 
Cruz? 
 A. P500,000
B. P1,000,000
C. P1,150,000
D. None of the choices

 Answer: B. The joint accounts

accounts will be insured separately from the individual account. However,
However, the share
of Juan dela Cruz in the joint accounts shall not exceed P500,000 total (which has been reached already
in Case 1 Question 4). This means that the additional P150,000 share (P450,000/3) will become
uninsured deposit.

Question 10 
10 
What is the total of insured deposit of Pedro dela Cruz? 
Cruz? 
 A. P250,000
B. P400,000
C. P500,000
D. P600,000

 Answer: D. Share in joint OR account = P250,000 (maximum of P500,000/2);

P500,000/2); share in 3-way joint OR
account = P150,000 (P450,000/3)

Question 11 11 
The portion of the deposit not insured shall  shall 
 A. Be forfeited in favor
favor of the bank
B. Be forfeited in favor of the Government
C. Become a claim against the asset of
This website stores data such as
o f the closed bank
D. Betowritten
cookies off immediately
enable essential site by the depositor
functionality, as well as marketing,
 Answer: C and analytics. You
personalization,
may change your settings at any time
or accept
Questionthe default
12  settings.
12 
Deposits in which of the following banks are insured by the PDIC? 
PDIC?  
I. Commercial banks 
banks 
Privacy Policy
II. Savings and mortgage banks 
banks  
III. Private
Marketingdevelopment banks 
banks 
IV. Cooperative banks 
banks 
Personalization
V. Savings
 A. All exceptand
IV loan associations 
IV associations 
Analytics
B. All except V
C. All
Save
except IV and V
Accept All
D. All banks enumerated above
 

 Answer: D.

Question 13 
13 
True/False. Foreign
True/False. Foreign currency deposits are also insured by the PDIC.

 Answer: True. This is pursuant to RA No. 6426 and Central Bank Circular No. 1389.

Question 14 
14 
The PDIC will not pay deposit insurance on the following accounts or transactions. Which is the
exception? 
exception? 
 A. Investments in
in bonds
B. Deposit products emanating from unsafe and unsound banking practices
C. Deposits from unlawful proceeds
D. Deposits in foreign currency

 Answer: D.

Question 15 
15 
True/False. Deposits
True/False.  Deposits in different banks are added together for the purpose of the P500,000 maximum.
True/False. Deposits
True/False. Deposits in different branches of the same bank are insured separately.
 A. False, True
B. True, False
C. False, False
D. True, True

 Answer: C. Deposits in different banks

banks are separately insured. Deposits
Deposits in different branches of the same
same
bank are considered as deposits in one bank.

Question 16 16 
To file for claims on the insured deposits, which of the following is/are not required?
required?  
 A. Original evidence of deposits
deposits such as savings passbook
passbook
B. Claim form
C. For all depositors, photocopy of birth certificate and valid ID of the parent
D. 1 valid original photo-bearing ID with clear signature of depositor

 Answer: C. This is only required for depositors below 18 years old.

Question 17 
17 
Depositors with valid deposit accounts with balances of ___________________ are not required to
file claims, provided they meet other qualifications, as required. 
required. 
 A. P100,000 and below
B. P150,000 and below
C. P200,000 and below
D. P250,000 and below

 Answer: A.

Question
This 18  data such as
18 
website stores
A joint
cookies demand
to enable deposit
essential site account in the
t he name of Juan dela Cruz and ABC Corporation in the amount
of P500,000
functionality, was
as well held in Bank 1. What is the insured deposit of Juan dela Cruz?
as marketing,
personalization,
 A. Zero and analytics. You
mayB.change
P250,000your settings at any time
or accept the
C. P500,000 default settings.
D. P100,000

Privacy Policy
 Answer: A. The deposit is presumed to belong entirely to ABC Corporation, the juridical person or entity in
the Marketing
joint account. Source.
account. Source.

Personalization

Analytics

Save Accept All