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RFBT QUIZ 8 11 - RFBT QUIZ 8 11

RFBT QUIZ 8 11
Course

Accounting (ACC 156)

180 Documents
Students shared 180 documents in this course
Academic year: 2023/2024
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University of Iloilo - PHINMA

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RFBT-Quiz (AMLA)

  1. It is a process wherein the Government takes control of the property of the person suspected of committing a crime or an unlawful activity. a. Asset Confiscation b. Property Default c. Civil Forfeiture d. Criminal Penalty
  2. Under the Anti-Money Laundering Act, as amended, what is the threshold for covered transactions? a. PHP 500,000 or more. b. More than PHP 500,000. c. PHP 500,000 or less. d. Less than PHP 500,000.
  3. What is the concept of beneficial ownership? a. The beneficial owner is the one that controls the customer / client. b. The beneficial owner is the one who is the party - in - interest to a case in court. c. The beneficial owner is the beneficiary of the insurance plan. d. The beneficial owner is always a corporation.
  4. The following are obligations of the covered entity under the principles of Money Laundering except: a. Risk Assessment b. Customer Identification c. Record Keeping d. None of the available choices
  5. What degree of certainty that a person has committed a predicate crime or money laundering offense is needed in order for the Anti-Money Laundering Council to file a petition to the Court of Appeals to inquire into the bank deposits of the said person? a. Mere Suspicion b. Preponderant Cause c. Probable Cause d. Proof beyond Reasonable Doubt
  6. If the freeze order is issued, how long will it last at the initial stage? a. 20 days b. 60 days c. 6 months d. Depends on the situation which calls for the freeze order.
  7. This stage represents the initial entry of the “dirty” cash or proceeds of crime into the financial system. a. Placement b. Layering c. Integration d. Co - Mingling
  8. If the freeze order is extended, it cannot exceed what period? a. 20 days b. 60 days c. 6 months d. Depends on the discretion of the Court of Appeals
  9. This is the stage where the money is returned to the criminal from what seem to be legitimate sources as the dirty money has now mixed with the clean ones. a. Placement b. Layering c. Integration d. Co -Mingling
  10. Lawyers and accountants acting as independent legal and accounting 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. Safe Harbor Provision b. Doctrine of Immunity in Good Faith c. Privileged Matter d. Doctrine of Regular Performance of Duty 11. The following are unlawful activities or predicate crimes under AMLA except: a. Extortion b. Illegal Numbers Game c. Corruption of Public Officers d. Tax Evasion 12. What are covered persons prohibited from doing when reporting covered or suspicious transactions to the Anti- Money Laundering Council? a. To report contents of bank accounts since it is a violation of Bank Secrecy Laws. b. To disclose personal information of the account holder whose transaction is being reported as covered or suspicious, even when requested by the Council. c. To disclose said reporting to the media. d. All of the available choices. 13. The following are instances when the Anti-Money Laundering Council can take advantage of a freeze order, except: a. Verified ex parte petition with the Court of Appeals b. Upon request of the Ombudsman c. Upon its own initiative d. Upon request of the Anti-Terrorism Council 14. The following are unlawful activities or predicate crimes under AMLA except: a. Theft b. Fencing c. Voyeurism d. Robbery 15. These shall refer to accounts, the funds and sources of which originated from and/or are materially linked to monetary instruments or properties subject to freeze orders. a. Related Accounts b. Fictitious Accounts c. Dummy Accounts d. Secondary Accounts 16. Which of the following is NOT one of the purposes of the Anti - Money Laundering Act? a. Preserve the integrity and confidentiality of bank accounts. b. Ensure that the Philippines shall not fall victim to unscrupulous financial transactions. c. Extend cooperation with other nations regarding money laundering concerns. d. None of the available choices. 17. No administrative, criminal or civil proceedings, shall lie against any person for having made a covered or suspicious transaction report in the regular performance of his duties in good faith, whether or not such reporting results in any criminal prosecution under AMLA or any other law. a. Safe Harbor Provision b. Doctrine of Immunity in Good Faith c. Privileged Matter d. Doctrine of Regular Performance of Duty 18. If Midas will deposit PHP 300,000. today in BPI, Festive Mall today and PHP 300,000 in the same bank the next day, what kind of transactions did he undertake?

RFBT-Quiz (SSS)

  1. What is the amount of funeral benefit that the family of a person covered by the Social Security System may avail upon death of the person covered? a. P3,000. b. P5,000. c. P10,000. d. P12,000.
  2. George has reached the mandatory age of retirement and his employment was consequently severed by his employer. He did not manage to pay the required number of monthly contributions. Is he entitled to retirement benefits from the Social Security System if he is a member of the same? a. Yes. He is entitled to monthly pension regardless of any situation. b. Yes. He is entitled to a lump sum retirement benefit. c. No. He did not manage to pay the required number of monthly contributions. d. No. His employment was severed by his employer.
  3. What is the age of mandatory retirement wherein an employee is deemed automatically retired from his employment? a. 50 b. 55 c. 60 d. 65
  4. Which of the following will least likely be covered by the Social Security System, whether voluntary or compulsory? a. A driver in a transportation service. b. A lawyer working in his own law office. c. A regular staff of the Commission on Audit. d. A kasambahay or household helper working in a middle class family.
  5. Noela is a flight attendant of Hyacinth Airlines, a budget airlines in the Philippines. Due to the pandemic of 2020, Noela lost his job and is currently unemployed. Her friend Aprille informed her that she may avail of unemployment benefits from the Social Security System. If Noela is qualified for the said benefit, until when can she avail for the same? a. Until she is employed for work.

RFBT-Quiz (Labor)

  1. What is the general standard working hours of an employee per week? a. 48 hours b. 40 hours c. 56 hours d. 36 hours

  2. Who ultimately pays for maternity leave benefits of private employees? a. The Social Security System b. The Employer c. The Maternity Council of the Philippines d. The Philippine Health Insurance Corporation

  3. I. Supervisory employees are not covered by the General Working Conditions of the Labor Code. II. All employees working outside of the headquarters are considered field personnel. a. Only I is True b. Both are True c. Only II is True d. Both are False

  4. Which of the following is not a statutory employee benefit which can be found in the Labor Code of the Philippines? a. Night Shift Differential b. Service Incentive Leave c. Sick Leave d. Premium Pay

  5. The following are the common grounds for both compelling the employee to render overtime work and compelling the employee to render work during rest days, except: a. Disaster / Calamity b. Urgent Repairs c. Favorable Work Conditions d. Emergency Situation

  6. How much is the premium pay rate according to the Labor Code for a special holiday or a rest day? a. 20% b. 30% c. 40% d. 50%

  7. Why are government employees not covered by the General Working Conditions of the Labor Code? a. They are not employees, but public officers. b. They are paid more compared to the private employees. c. The general working conditions of the government is not oppressive. d. They are covered by the Civil Service Law.

  8. I. Employees who work during a special holiday are entitled to Holiday Pay. II. Employees who work during a regular holiday are entitled to Premium Pay. a. Only I is True b. Both are True c. Only II is True d. Both are False

  9. Maya married Sir Chief and soon got pregnant. She always pays her SSS contributions on time. Feeling that performing her work duties was becoming difficult as the months go by, Maya decided to file for maternity leave benefits. How many days is Maya entitled to for maternity leave benefits? a. 60 days. b. 78 days. c. 105 days. d. 120 days.

  10. From which of the following working hours can the employee avail of night shift differential pay? a. from 6:00 AM to 10:00 PM b. from 6:00 PM to 10:00 PM c. from 10:00 PM to 6:00 AM d. from 10:00 AM to 6:00 PM

  11. I. The paternity leave does not stack with allocated maternity leave. II. Only married male employees whose lawful wife he is cohabiting with, gave birth or suffered miscarriage or abortion are entitled to paternity leave. a. Only I is True b. Both are True c. Only II is True d. Both are False

  12. How much is the night shift differential rate on affected hours? a. 10% b. 15% c. 20% d. 30%

  13. I. Travel time to and from work is generally not considered as hours worked. II. If the employer requires the employee to deviate from his usual route to or from work, the time spent on such deviation is considered as hours worked.

d. Ignorance of the law excuses no one from compliance therewith. 23. Marites is a 40-year old woman who has not given up on the "party life". Every so often, she goes to hotspots with her best friends to party the night away, despite the looming dangers of the pandemic. She planned to travel to Boracay on the upcoming regular holiday, but decided to go the day before said holiday due to excitement and to have more time to enjoy the beach. Unfortunately, she did not tell her employer about this and was absent the day before the regular holiday. Assuming her hourly wage is P400 per hour in her 8-hour work, how much will she earn during the regular holiday? 0 24. Asher was called to work on a day which happens to be a special holiday. Suppose he earns P300 per hour and he worked 8 hours during that day, how much additional benefit will he earn for that day's work? 720 25. Bella has been working for 5 years in Twilight Company and her salary averages P35,000 per month. During the year 2021, she went on paid maternity leave for 120 days and accumulated a total of P50,000 in overtime and premium pay. How much will her 13th month pay be, if any? 23, 26. Brian started working in a company specializing in chemical industry. His employment began on the month of September and he received P6,450. that time. On the month of October, he received P13,600 which includes overtime pay of P1,600. On the month of November, he received P14,800 which includes overtime pay, premium pay and holiday pay totaling P2,800. Brian is set to receive P12,000 in the month of December. Suppose that Brian's average salary per month is P12,000, how much will he receive as 13th month pay on December? 3, 27. Asher was called to work on a day which happens to be a regular holiday. Suppose he earns P300 per hour and he worked 8 hours during that day, how much additional benefit will he earn for that day's work? 2, 28. Kristian works in a high end restaurant. One day, he was busy preparing for his date one Valentines Day which falls on a Sunday, his rest day. However, his boss called him last minute and required him to work on that Sunday, ruining his plans. Assuming that Valentines Day is a special holiday, that Kristian worked for 8 hours that day, and that he receives P350 as daily pay. How much will he earn on Valentines Day? 525 29. Iris, a Seventh-Day Adventist, was made to work on her rest day (Saturday) due to a midnight sale. Her shift that day is from 3 PM to 1 AM. If she earns P400 basic daily wage for working 8 hours, how much did she earn that day? 713

RFBT-Quiz (Labor)

directly and certainly identify an individual. a. Individual Information b. Personal Information c. Private Information d. Public Information 9. How many person's personal information must be compromised in order for the data privacy violation to be considered large scale? a. 20 b. 50 c. 60 d. 100 10. It refers to a person or organization who controls the collection, holding, processing or use of personal information, including a person or organization who instructs another person or organization to collect, hold, process, use, transfer, or disclose personal information on his or her behalf. a. Individual Information Controller b. Personal Information Controller c. Private Information Controller

d. Public Information Controller

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RFBT QUIZ 8 11 - RFBT QUIZ 8 11

Course: Accounting (ACC 156)

180 Documents
Students shared 180 documents in this course

University: University of Iloilo - PHINMA

Was this document helpful?
RFBT-Quiz (AMLA)
1. It is a process wherein the Government
takes control of the property of the
person suspected of committing a
crime or an unlawful activity.
a. Asset Confiscation
b. Property Default
c. Civil Forfeiture
d. Criminal Penalty
2. Under the Anti-Money Laundering Act,
as amended, what is the threshold for
covered transactions?
a. PHP 500,000.00 or more.
b. More than PHP 500,000.00
c. PHP 500,000.00 or less.
d. Less than PHP 500,000.00
3. What is the concept of beneficial
ownership?
a. The beneficial owner is the one
that controls the customer /
client.
b. The beneficial owner is the one
who is the party - in - interest to a
case in court.
c. The beneficial owner is the
beneficiary of the insurance plan.
d. The beneficial owner is always a
corporation.
4. The following are obligations of the
covered entity under the principles of
Money Laundering except:
a. Risk Assessment
b. Customer Identification
c. Record Keeping
d. None of the available choices
5. What degree of certainty that a person
has committed a predicate crime or
money laundering offense is needed in
order for the Anti-Money Laundering
Council to file a petition to the Court of
Appeals to inquire into the bank
deposits of the said person?
a. Mere Suspicion
b. Preponderant Cause
c. Probable Cause
d. Proof beyond Reasonable Doubt
6. If the freeze order is issued, how long
will it last at the initial stage?
a. 20 days
b. 60 days
c. 6 months
d. Depends on the situation which
calls for the freeze order.
7. This stage represents the initial entry
of the “dirty” cash or proceeds of
crime into the financial system.
a. Placement
b. Layering
c. Integration
d. Co - Mingling
8. If the freeze order is extended, it
cannot exceed what period?
a. 20 days
b. 60 days
c. 6 months
d. Depends on the discretion of the
Court of Appeals
9. This is the stage where the money is
returned to the criminal from what
seem to be legitimate sources as the
dirty money has now mixed with the
clean ones.
a. Placement
b. Layering
c. Integration
d. Co -Mingling
10. Lawyers and accountants acting as
independent legal and accounting
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.

Students also viewed

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