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FINAL EXAMINATION in FM 6
Read and answer the questions carefully. Erasures are not allowed.
5. The following are policies needed to sustain the needed capital for the growth of the economy, except
a. Sound macroeconomics
b. Comprehensive constructional plan
c. Good governance
d. Comprehensive structural reform
II. Thus, the third key factor for success in creating a stable climate conducive to sustainable growth is
effective internal control
FINAL EXAMINATION in FM 6
c. III,IV,V
d. I,II,III,IV
8. A __________ interest rate is therefore, essential for encouraging private investment in agriculture
and industry.
a. Low
b. High
c. Either low or high
d. Neither low or high
14. The IMF policy was last reviewed by the Executive Board
a. July 2000
b. July 2010
c. June 2000
d. June 2010
15. Sveriges Riksbank, the first bank of the world was reorganized as a state bank in_____ and established
as a private bank in _______.
a. 1656,1668
b. 1566,1868
c. 1668,1656
St. Peters College of Ormoc
Ormoc City
College Unit
FINAL EXAMINATION in FM 6
d. 1656,1566
16. It was created in 1800 mainly from private capital and the rest from government funds.
a. Bank of Netherlands
b. National Bank of Austria
c. Bank of Norway
d. Bank of France
17. In 1948, He submitted to Congress a bill establishing the Central Bank of the Philippines.
a. Manuel L. Quezon
b. Elpidio Quirino
c. Diosdado Macapagal
d. Manuel Roxas
19. Republic Act No 8791 provides for regulatory supervision of the BSP over all banks in the Philippines. It
likewise provides for the authority of the BSP and the organization, management, and administration
of foreign and local banks.
a. The New Central Bank Act
b. The General Banking Law
c. Thrifts Bank
d. Secrecy of Bank Deposits Act
20. ____________is the process by which the monetary authority of a country controls the supply of
money, often targeting a rate of interest for the purpose of promoting economic growth and stability.
a. Monetary System
b. Fiscal Policy
c. Monetary Policy
d. Expansionary Policy
21. Given high budget deficits, the government is concerned about two closely related issues, which of the
following is one of the issue
a. It does want to pay very high interest on its borrowing
b. It does not want to minimize the market
c. It does not want to pay high interest on its borrowings
d. It does want to crowd out the market
23. It conducts examination/inspection of state member banks and financial and bank holding companies
in the fourth Federal Reserve district.
a. Safety and Soundness Supervision of Commercial Banks and Financial
b. Information technology Supervision
c. Foreign Activities Supervision
d. The consumer affairs and CRA Supervision Section
St. Peters College of Ormoc
Ormoc City
College Unit
FINAL EXAMINATION in FM 6
24. During the start of the Philippine Republic the notes were printed by
a. Thomas de la Rue & Co.
b. Thomas de la Hoya & Co.
c. Thomas de la Rae & Co.
d. Thomas de la Rea & Co.
25. He is the British economist that described money used as representative money
a. William Stanley Jevons
b. William Standford
c. Whistler Jevons
d. Standford Stanley William
26. The Bangko Sentral shall remit ___ of its net profits to a special deposit account.
a. 55%
b. 75%
c. 65%
d. 60%
27. Which of the following shall not be included in the statistical appendix?
a. the balance of payments of the Philippines
b. the monthly movement, in summary form, of exports and imports, by volume and value;
c. Monthly indices of consumer prices and of imports and exports price;
d. Banking institutions operating in the Philippines
29. Action by the BSP under Sec.132 of RA. No. 7653 shall be reported to congress and President within
a. 45 days
b. 30 days
c. 35 days
d. 90 days
30. She noted that the Central Bank was used as a piggy bank by the Marcos Regime
a. Neth Romulo Day
b. Beth Day Romulo
c. Beth Romulo Day
d. Maribeth Day Romulo
31. The rediscounts, discounts, loan and advance made in accordance with the provision of what section?
a. Section 82
b. Section 28
c. Section 88
d. Section 22
32. The credit instrument to which reference is made in securities for periods which shall not exceed ____
a. 360 days
b. 240 days
c. 30 days
d. 90 days
St. Peters College of Ormoc
Ormoc City
College Unit
FINAL EXAMINATION in FM 6
33.