Market Expansion Training

Market Will’s GameMechanics of the Game

1. Coach & Player Team.2. The Coach will just sit and may use sign language to coach the player.3. The Player may select a letter of choice either A,B, or C by falling in line in the respective letter.4. The Host will read the question as well as the choices once.5. After reading the question participants will be given 5 seconds to choose the letter. Once the host said “go”, the participant can now go to the letter of their choice.6. Participants cannot transfer to another letter, choice is final. Good luck!!!

Market Expansion Training

Market Will’s Game1. What is BSP Circular number with a subject

“Amendment of Regulations on the Establishment of other Banking Offices and Notes to Microfinance”?

a. 694b. 272c. 730

Market Expansion Training

Market Will’s Game

2. When was Circular 694 issued?

a. October 14, 2010b.November 14, 2010c. December 14, 2010

Market Expansion Training

Market Will’s Game

3. Who signed Circular 694?

a. Rafael Buenaventurab.Nestor A. Espenilla, Jr.c. Amando M. Tetangco, Jr.

Market Expansion Training

Market Will’s Game

4. Other Banking Office (OBO) can engage in any or all non-transactional banking related activity except:

a. Hold on-site automated teller machines (ATMs)b. Perform customer care servicesc. Accept P 1,000 deposits from a micro-depositor

Market Expansion Training

Market Will’s Game

5. Microfinance clients are:

a. Micro-insurance clientsb. Micro-credit borrowers and/or micro-depositorsc. Micro-credit borrowers and/or micro-

depositors/and or micro-insurance clients

Market Expansion Training

Market Will’s Game6. Micro-banking offices (MBOs) may also engage in any

or all of the following limited transactional banking activities and services except for:

a. Act as cash/money in and cash/money out for electronic money (e-money) transactions

b. Accept check deposit of non-micro branch clientc. Pay out benefits under government-sponsored

conditional cash transfer schemes

Market Expansion Training

Market Will’s Game7. What is the required time for the bank president to

submit a comprehensive statement under oath that all bank’s OBO and their activities are duly authorized by the BSP?

a. 90 calendar days from the beginning of the financial year

b. 30 banking days from end of the financial yearc. 30 calendar days from the end of the financial year

Market Expansion Training

Market Will’s Game8. One of the additional requirements for the establishment

of MF-OBOs/MBOs is that at least fifty percent (50%) of total transactions generated are with microfinance clients. Below are transaction samples of microfinance clients except for one:

a. Present, market, sell and service microinsurance productsb. Accept micro-deposits including initial deposit and service

withdrawals thereofc. Disburse/release proceeds of micro-loans and collect loan

amortization payment and related charges

Market Expansion Training

Market Will’s Game9. One of the additional requirements for the establishment

of MF-OBO/MBOs is:a. It shall have a minimum on-site cash limit not exceeding P

500,000 per day, commensurate to its level of banking activities

b. It shall have a maximum on-site cash limit not exceeding P 500,000 per day, commensurate to its level of banking activities

c. It shall have a maximum on-site cash limit exceeding P 500,000 per day, commensurate to its level of banking activities

Market Expansion Training

Market Will’s Game10. It is defined as the provision of a broad range of financial

services such as deposits, loan, payment services, money transfers and insurance products to the poor and low income households, generally for their microenterprises and small businesses, to enable them to raise their income levels and improve their living standards.

a. Micro-creditb. Micro-depositc. Microfinance

Market Expansion Training

Market Will’s Game11. The type of microfinance loan or micro-credit which

is granted for home improvements, house construction, house and/or lot acquisition utilizing microfinance principles and methodologies in accordance with existing BSP regulations.

a. Microenterprise loansb. Micro-Agri loansc. Housing Microfinance Loans

Market Expansion Training

Market Will’s Game

12. For Micro Agri loans, lump sum payment may be considered an option as per Circular 680, up to how many percent of the total loan amount?

a. 30%b. 40%c. 50%

Market Expansion Training

Market Will’s Game13. Guaranteed benefits are provided upon occurrence of a

contingent event in micro insurance. The amount of which is not more than:

a. 100 times the daily minimum wage for non-agricultural workers in Metro Manila

b. 300 times the daily minimum wage for non-agricultural workers in Metro Manila

c. 500 times the daily minimum wage for non-agricultural workers in Metro Manila

Market Expansion Training

Market Will’s Game14. Who authorizes the letter of intent representing the

first out of two- stage process in order to apply for the establishment of other Banking Office (MF-OBOs) or Micro Banking Offices (MBOs) as contained in Memorandum No. M-2010-040?

a. President of the bankb. Vice-President of the bankc. Board of Directors

Market Expansion Training

Market Will’s Game15. All MBOs must be opened within how many

months from date of approval?

a. 6 monthsb.9 monthsc. 12 months

Answers

1 A2 A3 B4 C5 B6 B7 C8 A

9 B1o C11 C12 B13 C14 C15 C