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Next CSE-PPT: 14 March 2027

The Bangko Sentral ng Pilipinas was established by the New Central Bank Act of 1993, which is Republic Act No.:

Correct answer: D. 7653

RA 7653 created the BSP as the independent central monetary authority required by Article XII, Section 20. It was amended in 2019 by RA 11211, which strengthened the BSP's powers. RA 8791 is the General Banking Law of 2000.

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Answer and explanation

The correct answer is D. 7653

RA 7653 created the BSP as the independent central monetary authority required by Article XII, Section 20. It was amended in 2019 by RA 11211, which strengthened the BSP's powers. RA 8791 is the General Banking Law of 2000.

Topic: National Economy and Patrimony (Article XII) MCQs · Subject: General Information