1.
Which government agency is responsible
for the administration of land titles in the
Philippines?
- Land Registration Authority
2. What is the primary purpose of land
registration in the Philippines?
- To establish a system of record keeping for
non-transactions.
3. What is the main type of land title used in
the Philippines?
- Transfer Certificate of land Title
4. Which of the following are requirements for
the issuance of the transfer of certificate?
- Completion of a cadastral survey to
determine boundaries.
5. In the Philippines what is the maximum
period for adverse possession to ripple into
ownership?
- 20 years
6. Which type of land is not registrable in the
Philippines?
- Agricultural land
7. What is the effect of registration under the
Torrens system in the Philippines?
- It guarantees the indefeasibility of the
owner.
8. Which government agency is responsible
for conducting cadastral surveys in the
Philippines?
- DENR
9. What is the purpose of the doctrine of
indefeasibility of title in the Philippines?
- To prevent fraud and forgeries in land
transactions.
10. In the Philippines what are the legal
consequences of acquiring a property
through a forged document?
- The acquisition is considered void.
11. Which government agency is responsible
for the issuance of tax declarations in the
Philippines?
- Municipalities or city assessors
12. What is the purpose of cadastral surveys in
the Philippines?
- To identify the physical features and
boundaries of the land.
13. What is the legal effect of a voidable title in
the Philippines?
- The title is valid until challenge import in
court by an agreed party.
14. What is the purpose of annotation in the
land title in the Philippines?
- To indicate any encumbrances or liens on
the property.
15. Which government agency is responsible
for the regulation and implementation of
agrarian reform?
- Department of Agrarian Reform
16. What are the legal consequences of not
paying real property taxes in the
Philippines?
- The property may be subject to foreclosure
by the local government.
17. Which government agency is responsible
for resolving disputes involving land titles?
- Regional Trial Court (RTC)
18. What is the purpose of the Deed of Absolute
Sale in the Philippines?
- To transfer ownership from the seller to the
buyer.
19. In the Philippines, what is the process of
converting a Torrens title into a registered
lad under a republic land act?
- Judicial confirmation of imperfect title
20. Which government agency is responsible
for the issuance of a certificate of land
ownership award under the comprehensive
agrarian reform program?
- Department of Agrarian Reform
21. What is the legal effect of a void title in the
Philippines?
- The title is valid until challenge import in
court by an agreed party.
22. Which government agency is responsible
for the issuance of tax declarations?
- Municipalities/city assessor’s office
23. What is the purpose of a cadastral survey in
the Philippines?
- To identify the physical features and
boundaries of the land.
24.
25. What is the purpose of annotation in the
land title in the Philippines?
- To indicate any encumbrances or liens on
the property.
26. What is the legal consequence of a
landowner when he failed to pay tax?
- The land will be forfeited and sold by the
government.
27. How can an individual acquire ownership of
republic agricultural land in the Philippines?
- By occupying and cultivating the land in a
certain period.
28. What is the legal transfer certificate of title in
the Philippines?
- It serves as conclusive evidence.
29. What document is required for the
subdivision of land in the Philippines?
- Plan of subdivision
30. Which government agency is responsible
for the issuance of tax declarations in the
Philippines?
- Bureau of Internal Revenue
31. Mr. Santos bought a property and got a
notarized deed of sale.
- Apply for TCP (Transfer of Certificate)
32. Mr. Reyes inherited a piece of land. The
land is still covered by the original certificate
of title.
- Apply for a certificate of title.
33. The government intends to acquire private
land for road widening.
- Eminent domain
34. Mr. Garcia has been cultivating a piece of
agricultural land for 30 years.
- Yes, as long as he can prove his ownership
in 30 years.
35. Ms. Cruz wants to transfer ownership of
land to her daughter through a donation.
- The donation must be notarized and
accepted by the dully.
36. Mr. Lim bought a condo unit. What
document should he receive as proof of
ownership?
- Condominium certificate of title
37. The local government is imposing real
property taxes on a landowner. Can the
government collect taxes even though the
land is not registered?
- Yes, the government can still collect taxes
based on land value.
38. Mr. Santos bought a property and
discovered another claim. What legal action
should he take?
- Request a judicial declaration of ownership.
39. The government declared a certain property
as a protected natural part. What is the
effect on the landowner?
- The landowner title is valid but subject to
specific restrictions.
40. A landowner intends to sell his property.
What document should provide?
- Deed of Absolute Sale
41. Mr. Reyes wants to build a house on his
newly purchased land. What document
should obtain that the land is suitable for
building?
- Building permit
42. The government issued a decree declaring
the property as forest reserved. What is the
effect on the landowner?
- The land title is valid but subject to specific
restrictions.
43. Ms. Cruz purchased a property and
discovered an existing mortgage.
- Paying off the mortgage and releasing
mortgage documents.

44. The government acquired a piece of land for

public infrastructure development.
- By paying fair market value for the
expenses of land.

45. Mr. Garcia wants to sell his land to Mr.

Santos
- Deed of Absolute Sale

46. Mr. Reyes purchased a property and

discovered an existing entrenchment.
- Negotiate with the neighbor for a boundary
adjustment.

47. The government declared a certain property

as agricultural land reform.
- The land title is valid.

48. Ms. Cruz inherited property from her

deceased parents.
- Original certificate of title

49. Mr. Lim purchased land and discovered a

mortgage.
- Paying off the mortgage and releasing
mortgage documents.

50. The government intends to convert a certain

area into an economic zone. What process
take?
- Issue a presidential proclamation.
1. It is an asset or an item that is purchased
with the hope it generates income in the
future.
- Investment
2. According to Banko Sentral ng Pilipinas
2019 financial inclusion survey only blank
some percentage have investments.
- 25% money
14. This are considered less voluntary low risk
you can take your money anytime.
- Lending investment
15. This is an investment assessment of cash
on hand.
- Cash equivalent
16. Issued by the bank proof.
- Certificate of deposit

3. To spend lavishly or extravagantly, 17. The most popular form of lending

especially money. investment.
- Splurging - Saving accounts

4. Based on this investment means there are 18. These are issued by the government you
two keywords to remember can invest a minimum of 50,000.
- Time and appreciation - Treasury bills

5. The founder of amplify my wealth. 19. Issued by SEC.

- Alissa - Commercial pay first

6. A type of security signifies ownership in a 20. These are debt interested similar to time
corporation. deposit.
- stock - Certificate of Deposit

7. Money plays into a bank 21. According to Banko Sentral ng Pilipinas,

- Bank deposits how many Filipino invest in SSS?
- 88%
8. A Debt Investment laws money into an
entity. 22. Pag-ibig fund
- Bonds - 52%

9. An investment that is made up of a poll of 23. According to a published article, how much
fund. money you need to stock?
- Mutual Investment - 5,000

10. Similar to mutual funds but managed by 24. Bonds

banks. - 8,000
- Unit investment trust fund
25. Mutual funds
11. Land and any improvement on it. - 5,000
- Real state
26. What are the possible When a debtor is not
12. A contract or policy in which individuals paying a debt?
receive financial protection. - All of the above
- Insurance company or contract policy
27. A simplified manner of collecting some
13. This type of investment contributes to a money.
company’s capital. - Filling a small claim
- Ownership investment
28. Bounced check law is
- Bp22 42. Sarah borrowed to Michael
- Estafa
29. What is BP stands for?
- Batas Pambansa 43. Linda and employee manipulated the store
- Embezzlement
30. What is the main objective of bounced
check law? 44. John borrowed money, written agreement
- To penalize Individual who issue check with He failed
insufficient funds. - Initiate debt collection proceeding

31. Under bp22 how many days? 45. Samantha

- 5 days - Sue the business for breach on contract.

32. Violating the BP 22 46. Michael to Sarah Interested rate ay mas

- imprisonment and find. mataas sa legal rate
- c. The loan becomes void and
33. Can the issuer be held liable for advanced unenforceable.
nagbayad
- Yes, the bp22 applies regardless of the 47. Lisa
date. - Request a loan modification or forbearance
in a bank
34. What is the legal rate of the pH?
- 6% 48. Peter
- None and there is written
35. The legal rate of interest applies to which of
the following 49. Two friend
- All of the above - Only the person who initially borrowed the
money
36. When does the legal rate of interest apply?
- In all types of financial transactions. 50. Certain amount
- No, legal action can take regardless of the
37. Can parties agree on interest higher? amount
- Yes, as long as it is excessive and
consumables.

38. What happens if a contract has a higher

interest rate compared to the legal rate?
- The borrower is still obligated to pay the
interest rate.

39. The penalty for violation of bp22

- 30 to 1 year and at least double the amount.

40. Jean promises to sell her friend Mark

laptop.
- Estafa

41. John convinced higher return but never

intended to.
- Estafa