Module 2 Part 2 Mock Exam
ATM & Housing Loan Knowledge Quiz
Test your knowledge on ATM operations, housing loans, and cash management with this comprehensive quiz. Designed for banking professionals, this mock exam includes questions covering a variety of essential topics.
- 66 challenging questions
- Multiple choice format
- Assess your understanding of banking procedures
This terms refers to the failure of the machine to dispense cash after the account of client has been debited.
Unauthorized Transaction
Undispensed Withdrawal
Short Dispensed Withdrawal
Uncredited Withdrawal
The maximum number of bills that can be dispensed during a single transaction is 50 bills.
True
False
It's a device banks put on the card reader so that fraudsters will have a difficult time installing skimming devices on the card reader.
Anti Skimming Protection Software
Card Jitter
Extended Card Throat/Fraudulent Device Inhibitors
PIN shields
Variation of ATM Skimming designed to intercept unencrypted card data passing thru the ATM network and obtain PIN data to create a clone card to do unauthorized withdrawals.
ATM Eavesdropping Attack
ATM Sniffing Attack
Card Trapping
Card Jitter
Cash Deposits made using the cash acceptance machine is credited to your account the day after the transaction has been made.
True
False
When did Express Teller ATM debut?
1987
1982
1983
1985
Fraudster puts a cover on the cash dispenser (w/ adhesive). Cash gets stuck on the cover. Client thinks the ATM just didn't dispense the cash.
Card Trapping
ATM Deep Insert Skimming
Cash Trapping
PIN Shields
This prevents installation of Sniffing devices to prevent capturing of client card data.
Installation of Metal Conduits/boxes in stand alone offsite and branch ATMs
Deployment and Education of Roving Guards/Security Personnel
Transferring of offsite ATM modems inside the upper facia
Implementation of Transport Layer Security message encryption
It's a cover usually made of metal or plastic placed over the PIN pad. This prevents cameras placed on the ATM fascia from capturing the keystrokes.
Card Jitter
PIN Shields
Card Trapping
Anti Skimming Protection Software
The BPI Express Deposit Machines can be located nationwide and they can be identified as the ___-colored machines.
Red
Green
Blue
Gold
For Tie-up accounts developed by accredited developers, the loanable amount will be based the total contract price.
True
False
A foreigner not married to a Filipino resident can still acquire both condominium and house & lot.
True
False
For self-employed applicants, at least 3 years of profitable business operation must be met as per ITR and AFS.
True
False
An applicant who availed of the loan for construction purposes will receive the entirety of the proceeds one time-big time.
True
False
An applicant whose sole income comes from a rental business submitted to the bank a copy of Transfer Certificate Title or Condominium Certificate Title under his brother's name. Can the bank proceed with his loan?
True
False
What is the minimum loan amount for a housing loan?
400,000
500,000
300,000
600,000
Everything is a collateral requirement for Tie-Up Loan except:
Copy of Reservation Agreement
Copy of signed Contract to Sell
Scope of Work
Copy of Endorsement Letter with official computation sheet
This term refers to a loan term secured by 1st mortgage on the real estate property that is already owned by the borrower.
Housing
Property Equity
Regular
Tie-Up
In a tie-up account transaction, annotation should be done prior to loan booking.
True
False
A client applied for a housing loan. Upon probing, you discovered that she is married but her spouse is nowhere to be found. Can the bank still proceed with the loan process?
Yes
No
This term refers to the facility that enables quick and convenient payments via direct credit to pre-enrolled suppliers'/payees' BPI accounts.
Funds Transfer
Account Sweeping
Special Bank Statements
Pay BPI: Online Supplier Payments (OSP)
This term refers to the facility that enables customers to make daily scheduled and automated transfers between designated accounts and subsidiary accounts based on set business rules.
Account Sweeping
Funds Transfer
Special Bank Statements
CCDM/Cash 360
This term refers to an armored car service where the company's collections are picked up from their office/site and deposited to the specified collection account.
DPU
CCDM/Cash 360
PDC Warehousing
Motorized Check Collection
For Pag-IBIG payments, the member contribution acknowledgement (MCA) is available for:
60 Days
80 Days
90 Days
100 Days
Onboarding requirements include everything except:
Cash Management Agreement
Company Enrollment Form
Pricing Data Sheet
Secretary's Certificate with delegation clauses
This term refers to the collection service offered to business customers who collect periodic payments from their subscribers.
Motorized Check Collection
Auto-Debit Arrangement (ADA)
Bills Payment Collection
CCDM/Cash 360
For Bills Payment Collection, what do you call the document that serves as an evidence that the client/s paid the merchant.
Online Collections File
Merchant Payment Transaction Journal
Statement of Premium Account
Collection Items
For Pay BPI: All beneficiary accounts are required to be pre-enrolled.
True
False
This allows corporate customers to make physical cash deposits to their nominated account through a machine that accepts cash.
PDC Warehousing
CCDM/Cash 360
DPU
Bills Payment Collection
This helps facilitate easier reconciliation of customers' BPI/BFB deposit accounts, according to the specifications of their Enterprise Resource Planning systems.
Special Bank Statements
Funds Transfer
Account Sweeping
One-way Sweep
A type of loan classification in which the loan or other asset is considered, to some degree, to be impaired or of substandard credit quality and whose full repayment of principal and accrued interest is questionable.
Replevin
Foreclosed Accounts
Cancelled Card/Written off Card
Adversely Classified Account
What should be the maximum GMIR of a client availing of a housing loan?
50%
40%
35%
60%
A client applied for a car loan but the monthly ammortization will be shouldered by her parents. Does this transaction require a co-maker?
Yes
No
Client is a singer who is worth 6M in the entertainment industry. A month ago, she injured her vocal chords and is unable to sing. Her only source of income is her singing gigs. She is a first time borrower of the bank. Is she qualified for a loan?
Yes
No
An act penalizing the making or drawing and issuance of a check without sufficient funds or credits and for other purposes.
Replevin
BP 21
BP22
Estafa
For collateral parameters, a unit must be for personal, business, and accommodation use of applicant.
True
False
For loans to spouses of unibankers, eligible co-borrower shall be limited to 3rd degree relatives of the employee-applicant.
True
False
Foreigners who is married to an immigrant may avail of a housing loan to purchase a condominium unit only.
True
False
Example of a client classified due to Possible Collection Problem (PCP):
Police/military personnel
Court personnel/labor arbiters
National, Local, and Provincial Government Officials
All of the above
It's acceptable if the term exceeds the remaining economic life of the offered collateral.
True
False
What is the minimum loan amount for auto loan?
100,000
200,000
300,000
400,000
For downpayment of second hand units, the range is 20%-40% of FMV.
True
False
For second hand, the unit must not be more than 5 years old.
True
False
For secondhand, repossessed cars are allowed.
True
False
In Retail Brand New Financing, our client is the dealer and is considered as "tripartite arrangement" which includes:
Buyer, Dealer, Bank
Agent, Issuing Bank, Manufacturer
Borrower, Acquiring Bank, Dealer
Merchant, Issuing Bank, Buyer
Everything is an advantage of Direct Loan Brand New Financing vs. Retail Financing except:
Higher interest rates
Personalized Service
Low Mortgage Fees
None of the above
Under direct loan financing (reimbursement), proceeds of loan will be paid directly to seller upon submission of LTO CR/OR
True
False
What is the document needed in order to release the unit?
Purchase Order (PO)
Authority To Deliver (ATD)
OR/CR
Purchase Agreement
What is the minimum gross income required for auto loan?
50,000
40,000
30,000
20,000
What is the maximum term for auto loan?
36 months
60 months
48 months
24 months
During KYC, make sure that the 10 mandatory fields are properly filled out.
True
False
Entities registered outside the Philippines, requirements shall be obtained duly authenticated by the Philippine President.
True
False
What is the risk profile of an employee that has a payroll account the balance of which is commensurate to her income and has a normal transaction record.
High
Normal
Low
A cashier of a remittance agency goes to the branch to open account. Is the risk profile of the client high or not?
Yes
No
For ATM card handling, acknowledgement can be done even before the actual receipt of the card.
True
False
Perforation should be witnessed by another designated officer/staff as evidenced by destruction certificate.
True
False
A sari-sari store owner receives 100,000 pesos on its account every month and readily withdraws it. Is the account considered high-risk?
Yes
No
Monthly surprise count can be conducted by the ATM custodian him/herself without any other designated officer.
True
False
What do you call the document which list the names of directors/trustees/partners, principal stockholders, owning at least 20% of the outstanding capital stock; and primary officers such as the president and treasurer.
General Information Sheet
Board Resolution
Articles of Incorporation
Certificate of Registration
All clients classified under PEP are high risk but not all high-risk clients are classified under PEP>
True
False
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