Christian V.

Rellon Banking and Financial Institution

BSBA FM 2-3 (Pawnshop) Questions

Easy a. Lending Investor Act

b. Pawnshop Regulation Act
1. Also known as the “________________,” sets forth a c. Lending Company Regulation Act
series of regulations for a pawnshop auction. d. Government Service Insurance Act

a. Small borrowers
b. Medium borrowers
2. Main clients of the Pawnshops. c. Big borrowers
d. Big Company

a. Organization of Pawnshops
3. Presidential Decree no. 114 contains the following b. Required Capital
EXCEPT ONE. c. Rates of Interest
d. Stock Certificates

a. SEC
4. What organization regulates Pawnshops? b. DOJ
c. BSP
d. none

a. 90,000
5. Capital Requirement for Pawnshops in BSP approved new b. 100,000
rules for Pawnshops. c. 80,000
d. 70,000

a. 1972
6. Presidential Decree No. 114 also known as the Pawnshop b. 1963
c. 1973
Regulation Act issued in what year?
d. 1962

a. Income
b. Debit
7. Pawnshops provide an additional source of _______ c. Credit
especially for their specific clients. d. all of the above

a. Deposit
b. Pawning
8. Main function of pawnshops. c. Investing
d. none of the above

a. 50days
b. 40days
9. Pawners have ___ days after maturity to redeem their c. 90days
pawned articles. d. 100days

a. no. 214
b. no. 314
10. What Presidential decree is the “Pawnshop regulation c. no. 114
Act”? d. no. 411
Christian V. Rellon Banking and Financial Institution
BSBA FM 2-3 (Pawnshop) Questions

Average a. fight-by-flight
b. fly-by-night
1. The existing statutory capital of P100,000 has become too c. blight-by-bright
small and it is susceptible to the proliferation of d. light-by-might
“_________” operators.
a. 2009
2. In what year the BSP Approved New Rules for Pawnshops b. 2008
release? c. 2010
d. 2007

a. private investors
3. The new BSP rules for Pawnshops are designed for b. pawning public
________. c. both a and b
d. none of the above

a. Know Your Partner

4. Pawnshops will be required to comply with explicit b. Know Your Pawner
“_____________” procedures. c. Know Your Business
d. Know Your Regulation

a. 2months
5. Pawnshops must notify their clients within the _____ b. 3months
period before they can sell the pawned items in an auction. c. 4months
d. 5months

a. Protection
6. The new BSP rules for Pawnshops are designed to b. Confidence
enhance consumer ________________. c. Both a and b
d. None of the above

a. fit and proper

7. Proprietors, partners, incorporators, directors, stockholders b. general
and officers of pawnshops must meet certain “__________” c. medium to high
standards. d. None of the above

8. The existing statutory capital of P100,000 of Pawnshops a. too small

has become ________. b. too big
c. enough
d. None of the above

9. The changes in new BSP rules for Pawnshops are a. May 2009
highlighted in the _______ media. b. March 2009
c. May 2008
d. March 2008

10. Presidential Decree No. 114 _____________ a. January 29, 1973

b. January 19, 1963
c. January 09, 1972
d. January 29, 1972
Christian V. Rellon Banking and Financial Institution
BSBA FM 2-3 (Pawnshop) Questions

Difficult

1. This Presidential Decree contains the following: a. I

b. II and III
I. Forms of organization of a Pawnshops c. I and IV
II. Registration and Licensing d. I, II, III, and IV
III. Requirement of registration with the Central Bank
IV. The required capital to open up a Pawnshop

a. Both True
2. I. The new BSP rules are designed to enhance consumer b. Both False
protection. c. I True II False
II. The new BSP rules are designed to foster confidence in d. I False II True
the pawnshop industry by the pawning public.
3.
I. Pawnshops are required to maintain a minimum level of a. Both True
capital or net worth in relation to their loan portfolio. b. Both False
II. The existing statutory capital of P500,000 has become c. I True II False
d. I False II True
too small and it is susceptible to the proliferation of “fly-by-
night” operators.

4. For transparency and to minimize malpractices, a. I only

pawnshops will be required to post in their premises: b. I and II only
I. Authority to Operate issued by the BSP c. I, II and III
II. Business days and hours of the pawnshop d. None of the above
III. Their interest rate and charges for loans.
5.
a. Both True
I. Pawners have 100 days after maturity to redeem their
b. Both False
pawned articles. c. I True II False
II. Pawnshops must notify their clients within the 90 day d. I False II True
period before they can sell the pawned items in an auction.
6. For the convenience of pawners, the new rules will require a. I only
them to indicate in the pawn ticket their preferred mode of b. II only
receiving the notice; c. I and II
I. By mail or courier to a given address d. none of the above
II. By SMS or text through a specified mobile phone.
7. BSP Approved New Rules for Pawnshops ensure that a. I and II
pawnshops are; b. I and III
c. II and III
I. Without any derogatory record
d. I, II and III
II. Taking care of deposits of the public.
III. To promote good governance
Christian V. Rellon Banking and Financial Institution
BSBA FM 2-3 (Pawnshop) Questions

8. This Presidential Decree contains the following; a. I, III and IV

I. Citizen Requirement b. II, III and IV
II. Amount of Loans that could be granted c. I, II and III
III. Rates of interest d. I, II, III, and IV
IV. Records of Deposits
9. Pawnshops will be required to comply with explicit a. Lending Investor Act
“Know Your Pawner” procedures consistent with the b. Pawnshop Regulation Act
requirements of the_______________. c. Lending Company Regulation Act
d. Government Service Insurance Act

10. Whereas, pawnshops provide an additional source of a. Government

credit especially for small borrowers left unserved by the b. Society
___________________ in the country. c. SEC
d. Banking and Financial
Institutions