Bank Classification

Question 1

CLASSIFICATION OF BANKS:

Answer 1

1. Government Banks
2. Universal Banks
3. Commercial Banks
4. Thrift Banks
5. Rural Banks
6. Cooperative Banks

Question 2

PHILIPPINE BANKING SYSTEM is composed of:

Answer 2

Universal and Commercial banks,
Thrift banks
Rural and Cooperative banks

Question 3

Its main purpose is to help implement the land reform in the
Philippines known as the COMPREHENSIVE AGRARIAN
REFORM PROGRAM (CARP).

Answer 3

Land Bank of the Philippines

Question 4

It is established as a corporate and government instrumentality.

Answer 4

Land Bank of the Philippines

Question 5

It is the government counter-part of the private development banks. It aims to develop, expand, construct, and rehabilitate our agricultural industry.

Answer 5

Development Bank of the Philippines

Question 6

Primarily established to promote and accelerate the socio-economic development of the autonomous region of Mindanao.

Answer 6

Amanah Islamic Investment Bank of the Philippines

Question 7

In addition to the function of an ordinary commercial bank, they are also authorized to engage in underwriting and other functions of investment houses, and to invest in equities of non-allied undertakings.

Answer 7

Universal banks

Question 8

They offer the widest variety of banking services among financial
institutions.

Answer 8

Commercial banks

Question 9

Represent the largest single group, resource-wise, of financial institutions in the country.

Answer 9

Commercial banks

Question 10

Thrift Banks is composed of the following:

Answer 10

1. savings and mortgage banks,
2. private development banks,
3. stock savings and loan associations,
4. microfinance thrift banks.

Question 11

They also provide short-term working capital and medium- and long-term financing to businesses engaged in agriculture, services, industry and housing, and diversified financial and allied services, and to their chosen markets and constituencies, especially small- and medium-enterprises and individuals.

Answer 11

Thrift banks

Question 12

are engaged in accumulating savings of depositors and investing them.

Answer 12

Thrift banks

Question 13

are differentiated from each other by ownership.

Answer 13

Rural banks and cooperative banks

Question 14

help farmers through the stages of
production, from buying seedlings to marketing of their produce.

Answer 14

Rural banks and cooperative banks

Question 15

are usually a family owned business.

Answer 15

Rural Banks

Question 16

are organized to promote and expand the rural economy in an orderly and effective manner by providing farmers and small businessmen with means of
facilitating and improving their productive facilities.

Answer 16

Rural Banks

Question 17

Land bank main purpose is to help implement the land reform in the
Philippines known as the

Answer 17

COMPREHENSIVE AGRARIAN
REFORM PROGRAM (CARP)

Question 18

are privately owned and
managed,

Answer 18

rural banks

Question 19

are organized/owned by cooperatives or federation of cooperatives.

Answer 19

cooperative banks