Free AB Microfinance Bank Nigeria Aptitude Test- PDF Download
Are you in need of a Free AB Microfinance Bank Nigeria Aptitude Test- PDF Download? If yes, then you have just come to the right place. Past questions available for download include: These past questions will be delivered in pdf format for you as soon as you get them.
AB Microfinance Bank Nigeria Aptitude Test- Download is highly mandatory because their screening is based on the candidate’s performance in the test.
About AB Microfinance Bank
AB Microfinance Bank is a national microfinance bank licensed by the Central Bank of Nigeria (CBN), with its head office in Lagos and branches spread across Lagos, Oyo, Ogun, Ondo, Anambra and Abia State.
AB Microfinance Bank Nigeria is committed to its passion of helping to improve the business opportunities of entrepreneurs by availing them of easy access to affordable loans, as well as improve the general financial status of everyone with its deposit accounts. It is a limited liability company duly incorporated in Nigeria under the 2002 Companies and Allied Matters Act, and is regulated by the Central Bank of Nigeria as a fully-fledged microfinance bank.
The Bank has an exceptional group of very strong international shareholders committed to the task of improving access to financial services in the country. These shareholders are Access Microfinance Holding AG of Germany, KfW – the German Development Bank, the African Development Bank, and the International Finance Corporation of the World Bank Group. Together, they have an established record of setting up and managing microfinance banks across the African and Asian continents in such countries as Nigeria, Tanzania, Liberia, Zambia, Rwanda, Madagascar and Georgia.
Note About AB Microfinance Bank Nigeria Aptitude Test
On the AB Microfinance Bank Nigeria Aptitude Test Past Questions – Download, you’ll face 2 test sections:
- ENGLISH LANGUAGE
- MATHEMATICS
Sample of Free AB Microfinance Bank Nigeria Aptitude Test
Below are samples of Free AB Microfinance Bank Nigeria Aptitude Test- PDF Download
Select the correct answer from the following options lettered A-D
MATHEMATICS
1. A trader bought 100 oranges at 5 for N1.20, 20 oranges got spoilt and the remaining were sold at 4 for N1.50. Find the percentage gain or loss.
A. 30% gain
B. 25% gain
C. 30% loss
D. 25% loss
Answer: B
Explanation
Cost price (cp) = (100/5) x N1.20 =N24.00
Selling price (sp) = 100-20 = 80
(80/4) x N1.50 = N30.00
Gain = SP-CP = N30.00-N24.00 = N6.00
Gain% = (gain/CP) x 100 = 25%
2. What is the answer when 24346
is divided by 426?
A. 236
B. 356
C. 526
D. 556
Answer: B
Explanation
Hint: Two methods can be used;
1. Direct division (if you know division in number bases)
2. Convert both sides to base 10, divide and convert your answer back to base 6. Your answer should be 356
24346
to base 10
2 × 63+ 4 × 62 + 3 ×61 + 4 ×60
2 × 216 + 4 ×36 + 3 × 6 + 4 × 1
432 + 144 + 18 + 4 = 598
And: 426
to base 10
4 × 61 + 2 × 60
4 × 6 + 2 ×1
24 + 2 = 26
Then divide 598 by 26
= 23
then convert 2310
to base 6
6 23
6 3 r 5
6 0 r 3
2310
= 356
3. If 29 x (Y3)9 = 35 x (Y3)5
, find the value of Y.
A. 4
B. 3
C. 2
D. 1
Answer: D
Explanation
(2 x 9 0
) (3 x 9 1
+ Y x 90
) = (3 x 5 0
)(3 x 51
+ Y x 50).
(2 * 1)(3 *9 + y) = (3 * 1)(3 * 5 + y)
2(27+y) = 3(15 + y)
54 + 2y= 45 + 3y
54 – 45 = 3y – 2y
y=9
4. The sum of two numbers is twice their difference. If the difference of the numbers is P, find the larger of the two numbers
A. p/2
B. 3p/2
C. 5p/2
D. 3p
Answer: B
Explanation
Let the numbers be x and y
x+y = 2p…..(i)
x-y = p……(ii)
2x = 3p
x = 3p/2
5. A binary operation * is defined by a*b = ab+a+b for any real number a and b. if the identity element is zero, find the inverse of 2 under this operation.
A. 2/3
B. 1/2
C. -1/2
D. -2/3
Answer: D
Explanation
a∗a−1=aa−1+a+a−1=e
if e = 0
2.2−1+2+2−1=0
collecting like terms, we have:
3.2−1+2=0
= 2−1
= -2/3
ENGLISH LANGUAGE
Choose the option that best conveys the meaning of the underlined portion in the following sentence;
1. His jail terms were to run concurrently
A. simultaneously
B. uniformly
C. laboriously
D. consecutively
E. judiciously
Answer: A
Choose the option that best conveys the meaning of the underlined portion in the following sentence;
2. There is some obvious symmetry in the whole presentation
A. confusion
B. hesitation
C. excitement
D. orderliness
E. dissatisfaction
Answer: D
Choose the option that best conveys the meaning of the underlined portion in the following sentence;
3. The bill has to wait as we are now insolvent
A. overworked
B. bankrupt
C. unsettled
D. insoluble
E. affluent
Answer: B
From the options lettered A-D, choose the option that is most nearly opposite in meaning to the underlined word.
4. My father is parsimonious
A. thrifty
B. ungenerous
C. frugal
D. generous
Answer: D
Explanation
Parsimonious means to be very unwilling to spend money or use resources. The nearly opposite word is generous.
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