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Next CSE-PPT: 14 March 2027

Under Article XII, Section 2, the President may enter into agreements with foreign-owned corporations involving technical or financial assistance for large-scale exploration of minerals, petroleum and other mineral oils. The President must notify Congress of every such contract within:

Correct answer: B. 30 days from its execution

The fourth paragraph of Section 2 requires the President to notify the Congress of every contract entered into under that provision within thirty days from its execution. These are often called financial or technical assistance agreements.

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Answer and explanation

The correct answer is B. 30 days from its execution

The fourth paragraph of Section 2 requires the President to notify the Congress of every contract entered into under that provision within thirty days from its execution. These are often called financial or technical assistance agreements.

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