Question 1

In 2024, the Philippines' average inflation rate for the year was 3.2%, a significant improvement from the previous year. Which sector's inflation experienced a notable slowdown, contributing most to this decrease?

Accepted Answer

Food and non-alcoholic beverages

Question 2

As of 2024, what percentage of total monthly retail payment volume in the Philippines was accounted for by digital payments, exceeding the national target set under the Philippine Development Plan 2023-2028?

Accepted Answer

57.4%

Question 3

In October 2024, President Marcos Jr. signed the "Self-Reliant Defense Posture Revitalization Act" into law. What is a primary objective of this legislation?

Accepted Answer

To foster a domestic defense industry through incentives and government-backed financing.

Question 4

The Philippines and the United States signed a General Security of Military Information Agreement (GSOMIA) in November 2024. What is a key outcome of this agreement?

Accepted Answer

It facilitates the exchange of classified military information between the two countries.

Question 5

In 2024, the Philippine economy experienced a GDP growth of 5.6%, which was the second fastest in Southeast Asia but fell short of the government's target. Which sector was identified as a primary driver of this growth, despite a contraction in agriculture due to adverse weather conditions?

Accepted Answer

Services

Question 6

The Department of Tourism (DOT) set an ambitious target of 7.7 million international visitors for 2024. Which country, besides South Korea and the United States, showed a notable market surge with a 22.84% growth in arrivals during 2024?

Accepted Answer

Japan

Question 7

In 2024, the Philippines enacted several landmark laws. Which of these laws aims to enhance the Bureau of Internal Revenue's authority to tax foreign digital services?

Accepted Answer

VAT on Digital Transactions Act (RA 12023)

Question 8

The Philippines has set a target to increase the share of renewable energy in its national energy mix to 50% by 2040. According to Department of Energy (DOE) forecasts under the Clean Energy Scenario, what is the projected renewable energy share by 2030?

Accepted Answer

35%

Question 9

In the context of the escalating China-Philippines maritime disputes in 2024, which shoal became a focal point for confrontations, with the Philippines deploying a coast guard ship as a preventive measure against suspected Chinese occupation attempts?

Accepted Answer

Sabina Shoal

Question 10

The "Re-Horizon 3" program, revamped in January 2024, outlines various procurement programs for the Philippine military over the next 10 years with a substantial budget. What is the allocated budget for this program?

Accepted Answer

$35 billion

Question 11

In 2024, the Philippine government enacted the Agricultural Tariffication Act (RA 12078). What is a primary aim of this legislation?

Accepted Answer

To boost support for farmers and safeguard consumers from unwarranted price hikes on essential goods.

Question 12

The Philippine economy grew by 5.6% in 2024, with the services sector being a major contributor. Within the services sector, which specific sub-sector showed strong growth and contributed significantly to the overall GDP?

Accepted Answer

Wholesale and Retail Trade

Question 13

In December 2024, the Department of Energy announced that the fifth Green Energy Auction, scheduled for Q3 2025, would focus solely on which type of renewable energy source?

Accepted Answer

Offshore wind

Question 14

As of 2024, the Philippine economy maintained a GDP per capita of USD 4,080. Which international financial institution's projection for the Philippines' GDP growth in 2025 was 5.5%?

Accepted Answer

International Monetary Fund (IMF)

Question 15

The Philippine Maritime Zones Act (RA 12064) and the Archipelagic Sea Lanes Act (RA 12065) were signed into law in 2024. What is the overarching purpose of these twin laws?

Accepted Answer

To assert the country's sovereign rights over the West Philippine Sea and its maritime domain.

Philippines Political Pulse: Decoding 2024's Key Policy Shifts, Economic Trends, and Security Developments

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