Government Banking institution lesson 2

Question 1

a government financial institutions that strike a balance in fulfilling its social mandate or promoting countryside development while remaining financially viable.

Answer 1

Landbank of the Philippines

Question 2

Known for Agricultural land Reform
finance the acquisition and distribution of agricultural estates for division and resale to small landholders as well as the purchase of the landholding by the agricultural lessee

Answer 2

Republic Act 3844
(Agricultural Land Reform Code

Question 3

The LBP is Tax Exempt on all operations, holdings, equipment, property, income and earning.

Answer 3

Republic Act 3844
(Agricultural Land Reform Code

Question 4

ACA

Answer 4

Agricultural Credit Administration

Question 5

responsible for extending credit assistance to farmers cooperatives and directly to small farmers.

Answer 5

Agricultural Credit Administration (ACA)

Question 6

Exempted from cash or stock dividend payments to the national government

Answer 6

Republic Act 3844
(Agricultural Land Reform Code

Question 7

deficiency and inadequacy both in capitalization and in organization structure to meet the implementation requirements of agrarian reform, the bank was revitalized.

Answer 7

Presidential Decree 251
(Revitalizing LANDBANK)

Question 8

Granted universal or expanded commercial banking powers to LBP with a social mission of spurring countryside development

Answer 8

Presidential Decree 251
(Revitalizing LANDBANK)

Question 9

Expanded LBP’s powers to include lending to agricultural, industrial, home-building, or home-financing projects and other productive enterprises.

Answer 9

Presidential Decree 251
(Revitalizing LANDBANK)

Question 10

Increased the members of the Board of Directors to

Answer 10

7

Question 11

Presidential Decree 251
(Revitalizing LANDBANK)
Increased the members of the Board of Directors to seven (7):

Answer 11

• Chairman, the Secretary of Finance
• Vice-Chariman, LBP President
• Members (Ex-Officio)
  * Secretary of Agrarian Reform
  * Secretary of Labor
  * Three Members, elected annually

Question 12

Republic Act 7907 (Amended LBP Charter)
Increased the members of the Board of Directors to nine (9):

Answer 12

Chairman, the Secretary of Finance
- Vice-Chariman, LBP President and CEO
- Members (Ex-Officio)
* Secretary of Agrarian Reform
* Secretary of Labor
* Secretary of Agriculture
* 2 Representatives of Agrarian Reform Beneficiaries
* 2 Representatives from the Private Sector

Question 13

Republic Act 7907 (Amended LBP Charter)
known for

Answer 13

Code of agrarian reform

Question 14

________to 25 billion PHP by the Department of Finance and the President of the Philippines.

Answer 14

Increase of Authorized Capital

Question 15

Republic Act 10374, LANDBANK’s corporate life was extended for a period of 50 years from the expiration of its or its original term of August 8, 2013, renewable for another 50 years.

Answer 15

Extension of LANDBANK’s
Corporate Life

Question 16

(Providing for COVID-19 Response and Recovery Interventions and Providing Mechanisms to Accelerate the Recovery and Bolster the Resiliency of the Philippine Economy, Providing Funds therefore, and for Other Purposes)

Answer 16

Republic Ac 11494

Question 17

LBP appropriated with Php 1 billion to subsidize the payment of interest on new and existing loans secured by LGUs from government financial institutions (GFIs)

Answer 17

Republic Ac 11494

Question 18

Php 27.5 billion to support wholesale banking and equity infusion of the LBP for low interest loans to be extended to persons and entities engaged in industries affected by the COVID-19 pandemic.

Answer 18

Republic Ac 11494

Question 19

ranks fourth in terms of asset amounting to 2.9 Trillion Pesos as of 2021

Answer 19

LBP

Question 20

Net Income of 21.05 Billion as of 2021.

Answer 20

LBP

Question 21

LBP HEADQUARTERS

Answer 21

Malate Manila

Question 22

Its primary objective is to provide banking services principally to cater to the medium and long-term needs of agricultural and industrial enterprises with emphasis on small and medium-scale industries.

Answer 22

DBP

Question 23

is classified as a development bank and may perform all other functions of a thrift bank.

Answer 23

DBP

Question 24

full Islamic Bank and afford Filipinos of the blessings and benefits of Islamic banking, financing and investment.

Answer 24

Al-Amanah Islamic Bank

Question 25

To be competitive and significant in the banking industry.

Answer 25

Al-Amanah Islamic Bank

Question 26

Participate in all phases of development especially in the ARMM and Mindanao.

Answer 26

Al-Amanah Islamic Bank

Question 27

Most common investment srtucture is

Answer 27

Mudarabah

Question 28

cost + profit

Answer 28

Mudarabah

Question 29

known as the Charter of Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP).

Answer 29

Republic Act No 6848

Question 30

is a universal bank authorized to perform and provide Islamic banking, financing and investment services pursuant to R.A. 6848, otherwise known as the Charter of the Al-Amanah Islamic Bank of the Philippines of 1990. In 2008, AAIIBP became a subsidiary of Development Bank of the Philippines, owning 99.9% of its capital stock, which introduced its current logo and tag name. “Amanah Islamic Bank”.

Answer 30

Al-Amanah Islamic Investment Bank of the Philippines