Group 1: BSP

Question 1

is responsible for carrying out the duties and functions of the Bangko Sentral ng Pilipinas (BSP), including overseeing monetary policy and supervising the financial system.

Answer 1

Monetary Board

Question 2

serves as the chairman, alongside five full-time members from the private sector and one representative from the Cabinet.

Answer 2

BSP Governor

Question 3

as the chief executive officer of the BSP, is responsible for overseeing and managing the BSP’s operations and internal administration.

Answer 3

BSP Governor

Question 4

Chairman

Answer 4

Eli M. Remolona Jr.

Question 5

Members of BSP

Answer 5

• Ralph G. Recto
• Romeo L. Bernardo
• Rosalia V. De Leon
• Walter C. Wassmer Benjamin E. Diokno
• Jose L. Querubin

Question 6

CORE FUNCTIONS OF BSP

Answer 6

A. Price Stability
B. Financial Stability or Stable Banking System
C. Efficient Payments and Settlements System

Question 7

refers to the maintenance of stable prices over time, with a target inflation rate that ensures the value of money remains relatively constant.

Answer 7

Price stability

Question 8

involves a resilient banking system that can withstand economic shocks, ensuring that financial institutions operate soundly and effectively.

Answer 8

Financial stability

Question 9

ensures that financial transactions can be executed quickly, securely, and reliably.

Answer 9

efficient payments and settlements system

Question 10

Core Values of the BSP

Answer 10

1. Excellence
2. Patriotism
3. Integrity
4. Solidarity
5. Accountability

Question 11

Mission of the BSP

Answer 11

To promote and maintain price stability, a strong financial system, and a safe and efficient payments and settlements system conducive to a sustainable and inclusive growth of the economy.

Question 12

Vision of BSP

Answer 12

The BSP aims to be recognized globally as the monetary authority and primary financial system supervisor that supports a strong economy and promotes a high quality of life for all Filipinos.

Question 13

Consistently doing our best to master our craft, continually improving our competencies and learning new things in pursuit of the organizational goals, comparable to the best practices of other central banks.

Answer 13

Excellence

Question 14

Performing mandate with sincerity, honesty and uprightness, worthy of respect and emulation from others.

Answer 14

Integrity

Question 15

Selfless commitment to the service of the Filipino people and the country.

Answer 15

Patriotism

Question 16

Performing with team spirit; acting and thinking as one in the pursuit of common goals and objectives.

Answer 16

Solidarity

Question 17

Taking full responsibility for one’s or group’s actions.

Answer 17

Accountability

Question 18

The name of the Bangko Sentral ng Pilipinas is rendered in _______, using a ______________ font, to signify the Bank’s operational efficiency, clarity of vision, and single-mindedness of purpose.

Answer 18

gold; clean sans-serif

Question 19

to signify the Bank’s operational efficiency, clarity of vision, and single-mindedness of purpose.

Answer 19

clean sans-serif font

Question 20

foreground elements represent the BSP’s aim to promote economic growth and prosperity, and the high standards of ethics and performance it holds.

Answer 20

yellow gold

Question 21

_______________ background is evocative of the honor, dignity, and noble character of the Filipino people, and the BSP’s unwavering commitment to serve the
nation.

Answer 21

midnight blue

Question 22

The logo is contained within a _______________—without sides, a beginning, or an end—accentuated by a bold border, to convey the singular and integrative nature of the BSP and its impartial approach to holistic growth and development.

Answer 22

perfect circle

Question 23

The logo employs a photorealistic rendering of a Philippine eagle in flight, signifying the strength of leadership and foresight that the BSP provides in the financial sector and the economy.

Answer 23

GOLDEN PHILIPPINE EAGLE

Question 24

The eagle’s_________________ - symbolize the BSP’s balanced, inclusive approach to growth and development, while also conveying the central monetary authority’s mastery over its field.

Answer 24

outstretched wings and tail feathers

Question 25

The eagle’s __________________ - expressing the BSP’s vigilance and readiness to seize challenges and opportunities that rise over the horizon.

Answer 25

head and eyes face east

Question 26

The _________ - represent the strong will, resolve, and the monetary and financial tools that the central bank uses in discharging its mandates.

Answer 26

talons

Question 27

The __________________ represent the three pillars of central banking (price stability, stable banking system, and a safe and efficient payments and settlements system), as well as the BSP’s commitment to promote and sustain a high quality of life for all Filipinos, across Luzon, Visayas, and Mindanao.

Answer 27

three golden stars

Question 28

ADDRESS of Main BSP

Answer 28

BSP Complex, Roxas Boulevard, Manila, Philippines

Question 29

What are the Design Elements of the seal of BSP

Answer 29

1. Corporate Text
2. Shape
3. Dominant Colors
4. Golden Philippine Eagle
5. Golden Stars