DIAG Flashcards
(43 cards)
Statement I: Covered persons shall include lawyers and accountants acting as independent legal professionals in relation to information concerning their clients or where disclosure of information would compromise client con dences or the attorney-client relationship.
Statement II: Lawyers and accountants acting as independent legal professionals are not required to report covered and suspicious transactions if the relevant information was obtained in circumstances where they are subject to professional secrecy or legal professional privilege.
a. Both Statements are False
b. Statement I is False while Statement II is True
c. Statement I is True while Statement II is False
d. Both Statements are True
b. Statement I is False while Statement II is True
Its primary objective is to temporarily preserve monetary instruments or property that are in any way related to unlawful activity, by preventing the owner from utilizing them during its duration.
a. Record Keeping
b. Customer Identi cation
c. Freeze Order
d. Money Laundering
c. Freeze Order
May the Anti-Money Laundering Council (AMLC) inquire into bank deposits without violating the Bank Secrecy Law? Which Statement is correct?
a. The AMLC may only inquire into bank deposits and a court order is not necessary regardless of any unlawful. activities
b. The AMLC may only inquire into bank deposits upon order of the Court, as provided by law.
c. The AMLC may inquire into bank deposits and a court order is necessary regardless of any unlawful activities.
d. The AMLC may directly inquire into bank deposits in order to protect the public interest of the country.
b. The AMLC may only inquire into bank deposits upon order of the Court, as provided by law.
The covered transaction under the AMLA is a transaction in cash or other equivalent monetary instrument involving a total amount
a. in excess of P500,000 within one (1) working day
b. of P500,000 and in excess thereof within one (1) working day
c. in excess of P500,000 within one (1) banking day
d. of P500,000 and in excess thereof within one (1) banking day
c. in excess of P500,000 within one (1) banking day
It is any composition of lines or colors or any three-dimensional form, whether or not associated with lines or colors: Provided, That such composition or form gives a special appearance to and can serve as a pattern for an industrial product or handicraft
a. Copyright
b. Patent
c. Trademark
d. Industrial Design
d. Industrial Design
The right to literary and artistic works which are original intellectual creations in the literary and artistic domain protected from the moment of their creation
a. Copyright
b. Patent
c. Industrial Design d. Trademark
a. Copyright
Any visible sign capable of distinguishing the goods or services of an enterprise and shall include a stamped or marked container of goods
a. Patent
b. Industrial Design
c. Copyright
d. Trademark
d. Trademark
A technical solution to a problem in any eld of human activity which is new and industrially applicable must be registered
a. Patent
b. Copyright
c. Industrial Design
d. Trademark
a. Patent
Within what term or period may intellectual right exists for Trademarks, Patents, and Copyrights, respectively:
a. 10 years subject to inde nite renewal for periods of 10 years each; 20 years from the ling date of application; and during his lifetime and for 50 years after his death
b. 20 years from the ling date of application; during his lifetime and for 50 years after his death; and 10 years subject to inde nite renewal for periods of 10 years each
c. 10 years subject to inde nite renewal for periods of 10 years each; during his lifetime and for 50 years after his death; and 20 years from the ling date of application
d. During his lifetime and for 50 years after his death; 10 years subject to inde nite renewal for periods of 10 years each; and 20 years from the ling date of application
a. 10 years subject to inde nite renewal for periods of 10 years each; 20 years from the ling date of application; and during his lifetime and for 50 years after his death
May the scent of a perfume or the sound of a musical instrument be the subject of trademark registration?
a. No. The law on trademark requires that the sign must be visible
b. Yes. It is provided in a special law
c. Yes. It is capable of distinguishing the goods or services of an enterprise
d. Yes. The law on trademark does not require visibility
a. No. The law on trademark requires that the sign must be visible
Statement I: Money market placements are covered by the Secrecy Law. It is considered a simple loan or mutuum.
Statement II: A safety deposit box is not covered by the law because it is a special kind of deposit. The renting out of safety deposit box is not independent from but related to or in conjunction with the bank’s principal function.
a. Both Statements are False
b. Statement I is False while Statement II is True
c. Both Statements are True
d. Statement I is True while Statement II is False
a. Both Statements are False
Bank Secrecy Law was approved on September 9, 1955 under Republic Act No. ______________.
a. 1450 b. 1504 c. 1540 d. 1405
d. 1405
Statement I: The easiest way to waive the secrecy of bank deposits is through a written waiver.
Statement II: It is necessary that the waiver be made voluntarily, unknowingly, and with su cient awareness of the relevant circumstances and consequences.
a. Statement I is True while Statement II is False
b. Both Statements are True
c. Statement I is False while Statement II is True
d. Both Statements are False
a. Statement I is True while Statement II is False
Statement I: Claims should be led within the three-year prescriptive period after PDIC’s takeover of the closed bank.
Statement II: The PDIC, as Receiver, has the authority to adjust the interest rate on unpaid interests on deposits if such rate is deemed unreasonably higher compared to market rates.
a. Both Statements are False
b. Statement I is False while Statement II is True
c. Both Statements are True
d. Statement I is True while Statement II is False
b. Statement I is False while Statement II is True
PDIC law was enacted on April 29, 2009 under Republic Act No. ____________.
a. 5976 b. 9567 c. 5967 d. 9576
d. 9576
Statement I: Depositors with valid deposit accounts with balances of Php 100,000 and below, provided: no obligations with closed banks, has complete and updated addresses, and have not maintained the account under the name of business entities are not required to le claims.
Statement II: PDIC will take within six (6) months from the date of ling provided all requirements are met but the claims must be led within 12 months after bank takeover.
a. Statement I is False while Statement II is True
b. Both Statements are False
c. Statement I is True while Statement II is False
d. Both Statements are True
c. Statement I is True while Statement II is False
Insured deposit is the amount due to any bona de depositor for legitimate deposits in an insured bank net of any obligation of the depositor to the insured bank as of the date of closure,
a. But not to exceed P500,000
b. But not to exceed P1,000,000
c. But to exceed P500,000
d. But to exceed P1,000,000
a. But not to exceed P500,000
It refers to the means to implement the right to data privacy
a. Data Privacy
b. Consent of Data
c. Data Protection
d. Data Subject
c. Data Protection
It refers to a system for generating, sending, receiving, storing, or otherwise processing electronic data messages or electronic documents and includes the computer system or other similar device by which data is recorded, transmitted, or stored and any procedure related to the recording, transmission or storage of electronic data, electronic message, or electronic document.
a. Information and Communication System
b. Communication System
c. Filing System
d. Information System
a. Information and Communication System
It refers to any natural or juridical person quali ed to act as such under this Act to whom a personal information controller may outsource the processing of personal data pertaining to a data subject.
a. Personal Information Processor
b. Privileged Information Processor
c. Personal Information Controller
d. Sensitive Personal Information Processor
a. Personal Information Processor
The Privacy Commissioner and the two (2) Deputy Privacy Commissioners shall have a term of
a. Three years for Privacy Commissioner and Five years for Deputy
b. Three years without any reappointment
c. Three years for Deputy and Five years for Privacy Commissioner
d. Three (3) years, and reappointment for another term of three (3) years.
d. Three (3) years, and reappointment for another term of three (3) years.
Statement I: Personal Information Processor is responsible for personal information under its control or custody, including information that has been transferred to a third party for processing, whether domestically or internationally, subject to cross-border arrangement and cooperation.
Statement II: All sensitive personal information maintained by the government, its agencies, and instrumentalities shall be secured, as far as practicable, with the use of the most appropriate standard recognized by the information and communication technology industry, and as recommended by the Commission.
a. Both Statements are True
b. Both Statements are False
c. Statement I is True while Statement II is False
d. Statement I is False while Statement II is True
d. Statement I is False while Statement II is True
It refers to any distinctive mark, characteristic, and/or sound in electronic form, representing the identity of a person.
a. Electronic Signature
b. Electronic Data Message
c. Electronic Key
d. Electronic Document
a. Electronic Signature
It refers to a person who on behalf of another person sends, receives, and/or stores electronic documents.
a. Intermediary
b. Originator
c. Addressee
d. Service Provider
a. Intermediary
