Final Examination BLAW3 Date Name Permit Nox — CourseR Yr Page No, Student's Signature: Instructor Name For this subject BLAW 3, your Final Examination consists of2 parts, ‘The PART 1 of your exam will bea written examination, below are the questions, or a total of 70 points. The PART 1 of your exam should be submitted this Thursday, April 09,2020, on or before 5:00 PM, Scan your answer and send itto Maysheenetapay@gmail com. No extenston of time, The hardcopy of your written examination should be submitted ‘when everything willbe back to normal (take note for further notice) and before the submission of grades. Whereas, the PART2 of your exam willbe an online oral examination fora total 0f 30 points to be given this Friday, ‘April 10,2020, starting 9:00 AM. Everyone is expected to be online before the said time. Three (3) questions will be ask and you are givena maximum time of minutes for you to answer the 3 questions. PART 1- Direction: Copy the questions and write your answer na yellow paper. In every page put the headings as reflected above( perataining to Name, Permit No, CourseRYr, Date, Page No, and student's signature) with the same format ‘QuEsTIONS TEST L True or False. 2. Allbanks shouldbe organized asa stock corporation 2. Universal bankean own 100% of another Universal bank. 3. Commercial bank can own 1009 of another commercial bank. 4 Universal bank can engaged in both allied and non-allied enterprises. 5. Commercial bank can only engaged in allied enterprises. 6. Nobankecan engaged in insurance business as an insure. 7. Only corporations entity under the supervision of Monetary Board can add the word Bank/ banking in its corporate 8, Banks can acqured rel estate provided the total investment doesnot excedd 50% ofits combined capital accounts. 9 Public oficial can serve as an officer na rural banks. 10. Mergeror consolidation is allowed in banks provided the number of directors not excood 21 11, Abankcan extend loan to another bank, 12, Under GBL, public means 20 and below. 13, bank may bea non-stock corporation, 114, Abankccan purchase or acquire its own shares provided It should be disposed or sold within 3 months from the time of, its purchase or acquisition. 15, Universal bank cannot sell an insurance policy which is insured by an insurance company. NOTE: Do notalter any portion ofthis document. Ifany discrepancy occurred, then the original document which is in my custody will prevail.16, Legal Tender Power refers to currency in such quantity that prescribed by law/regulation acceptable as payment inal obligations. 17, Agovernor of the Monetary Board should be atleast 35 years old. 18, BSP isa bank. 19, There must be atleast one independent director in the composition of BOD in a bank. 20, A partnership may be constituted in any form. TEST IL Answer the following questions in a clear and a concise manner. 1 10, 1 12 13. 14 415, 16, 7, 18 19, 20. a. 2, Nore: What are the primary objectives and responsibilty of BSP? Whereis the principal place of business of BP? Who manage the BSP? What are the compositions ofthe Monetary Board? Can the members ofthe Monetary Board be reappointed? Explain, Whatare the qualifications of members ofthe Monetary Board? Whatare the disqualifiations of the members of the Monetary Board? Whatis the unit of monetary vale inthe Philippines? Define the following: MONEY, CURRENCY and LEGAL TENDER Isdemand deposits considered as legal tender? Explain ‘When coins/notes goes out from the vault ofthe BSP? What do you mean by reserve requirement? Differentiate universal bank and commercial bank In case the BSP authorized certain entity to perform universal or commercial banking functions, does it mean that such authority allows that entity to engage in Quasi-banking functions? Explain, ‘What are the conditions in organiaing a bank or quasi bank? Is foreign stoctoldings in a domestic bank allowed? Explain. How do you determine the % of foreign-owned voting stocks na bank? Whatisthe coverage of RA 14057 Enumerate atleast2 exceptions of RA 1405. What do you mean by deposits under RA 1405 in relation tothe NCBA? Will garnishment of bank deposi violate RA 1405? explain. ‘What is the coverage of RAG426? Do notalter any portion of this document: any discrepancy occurred, then the original document which Is in my custody will prevall.28, Enumerate at least 2 exceptions of RA 6426. 24, Who are tho impeachable officers under the Constitution? 25, Cana bank extend a loan to her bank? Explain. ‘TESTI Enumeration, 1, Bhumerate at least 5 suspicious transactions under AMLA. 2, Enumerate the 3 obligations of the covered institutions under AMLA. "Enumerate the 4 conditions forthe Court of Appeals to issue a freeze order under AMLA. 4. Enumerate the 3 major subdivisions under FRIA 5. Enumerate the § elements of Howey Test under SRC. 6. Whoare considered as an insider under SRC? Enumerate the 5, + Nothing Follows NOTE: Do notalterany portion ofthis document. any discrepancy occurred, then the original document which {sin my custody will prevail