Free Mkobo Microfinance Bank Aptitude Test Past Questions 2023

Mkobo Microfinance Bank Aptitude Test

In the competitive landscape of the financial sector, securing a position at a microfinance institution like MKOBO Microfinance can be a game-changer for your career. One crucial step in the application process is the MKOBO Microfinance Aptitude Test – a gateway that determines your suitability for a role within the organization. In this blog post, we’ll delve into what the aptitude test entails and provide you with valuable insights to help you succeed.

What to expect (The Test Format)

The first stage of the test is conducted online and covers areas like

1. Math/problem solving, 20 questions
2. English/Verbal reasoning – 20 questions
3. Skill Based (General) knowledge. 10 questions

The timing is subject to change every year.

This study pack helps you find out more about your strengths and areas you need to improve on

Why do I need Mkobo Microfinance Bank Past Questions?

1. Familiarity with Test Format and Structure Having the past questions at your disposal will give you a clear understanding of the test’s structure and format. By studying the past questions, you’ll gain insight into how the test is organized and the types of questions you can expect.

2. Experience Real Test Scenarios Practicing with past questions allows you to experience actual test scenarios, helping you adapt to the testing environment. It lets you simulate the real test conditions, reducing test anxiety and boosting your confidence.

3. Identify Trends and Patterns Analyzing past questions helps you spot recurring topics and patterns, enabling you to focus your preparation on key areas. This insight allows you to fine-tune your study strategy and prioritize specific subjects.

4. Gauge Your Preparedness Working through past questions helps you assess your strengths and areas that need improvement. By practicing with past questions, you can measure your level of readiness for the actual test and address any weak points in your knowledge.

5. Enhance Time Management Skills Practicing with past questions refines your time management skills, allowing you to allocate appropriate time to each section. This skill is crucial for completing the test within the given time constraints and ensuring that you cover all sections thoroughly.

Mkobo Sample Questions and Answers

Mathematics

1. What is the sum of 3/8 and 5/16?
A) 8/16
B) 11/16
C) 7/16
D) 9/16
Answer: B) 11/16

2. If a pair of shoes costs $60 after a 25% discount, what was the original price?
A) $45
B) $80
C) $70
D) $90
Answer: D) $90

3. If x + 2y = 10 and 3x – y = 5, what is the value of x?
A) 2
B) 3
C) 4
D) 5
Answer: C) 4

4. The area of a square is 64 square units. What is the length of its diagonal?
A) 4 units
B) 8 units
C) 12 units
D) 16 units
Answer: B) 8 units

5. A car travels at a speed of 60 km/h. How far will it travel in 3.5 hours?
A) 180 km
B) 210 km
C) 240 km
D) 270 km
Answer: B) 210 km

6. If 4x – 7 = 11, what is the value of x?
A) 3
B) 4
C) 5
D) 6
Answer: C) 5

7. What is the next number in the sequence: 2, 4, 8, 16, …?
A) 20
B) 24
C) 32
D) 48
Answer: C) 32

8. The perimeter of a rectangle is 30 units, and its length is 8 units. What is its width?
A) 3 units
B) 4 units
C) 5 units
D) 6 units
Answer: B) 4 units

English

1. Choose the correct synonym for “abundant”:
A) Scarce
B) Plentiful
C) Meager
D) Sparse
Answer: B) Plentiful

2. Which sentence is grammatically correct?
A) They’re going to the beach there.
B) Their going to the beach they’re.
C) There going to the beach their.
D) They’re going to the beach over there.
Answer: A) They’re going to the beach there.

3. What is the plural form of “child”?
A) Childs
B) Childes
C) Children
D) Child’s
Answer: C) Children

4. Identify the correct sentence:
A) The cat chased it’s tail.
B) Its a beautiful day outside.
C) It’s raining, so take your umbrella.
D) Its best to finish your homework.
Answer: C) It’s raining, so take your umbrella.

5. Choose the correct antonym for “diligent”:
A) Lazy
B) Hardworking
C) Efficient
D) Dedicated
Answer: A) Lazy

6. Which sentence is in passive voice?
A) The chef prepared a delicious meal.
B) A delicious meal was prepared by the chef.
C) The delicious meal was prepared quickly.
D) The chef was preparing a delicious meal.
Answer: B) A delicious meal was prepared by the chef.

7. What is the correct spelling of the word that means “to make better”?
A) Improv
B) Imporve
C) Improve
D) Imrove
Answer: C) Improve

8. Choose the appropriate word to complete the sentence: “She is ____ studying for her exams.”
A) always
B) all ways
C) all-ways
D) allways
Answer: A) always

General Knowledge

1. Which regulatory body oversees the operations of microfinance banks in Nigeria?
A) Central Bank of Nigeria (CBN)
B) Securities and Exchange Commission (SEC)
C) Nigerian Deposit Insurance Corporation (NDIC)
D) Federal Ministry of Finance
Answer: A) Central Bank of Nigeria (CBN)

2. MKOBO Microfinance Bank is known for its focus on providing financial services primarily to which sector of the population?
A) Corporations and Multinationals
B) Agricultural Producers
C) Government Employees
D) High-Income Individuals
Answer: B) Agricultural Producers

3. What role do microfinance banks play in promoting financial inclusion in Nigeria?
A) Providing services exclusively to urban areas
B) Catering only to high-net-worth individuals
C) Extending financial services to underserved and unbanked populations
D) Offering investment services to large corporations
Answer: C) Extending financial services to underserved and unbanked populations

4. In which year was MKOBO Microfinance Bank established?
A) 2003
B) 2010
C) 2015
D) 2018
Answer: B) 2010

5. What is the main objective of microfinance banks in Nigeria?
A) Maximizing profits for shareholders
B) Providing high-interest loans to individuals
C) Offering investment opportunities to large businesses
D) Promoting financial inclusion and economic development
Answer: D) Promoting financial inclusion and economic development

6. MKOBO Microfinance Bank is known for leveraging technology to provide what kind of financial services?
A) Traditional brick-and-mortar banking
B) Online shopping platforms
C) Mobile banking and digital financial solutions
D) Investment banking for corporations
Answer: C) Mobile banking and digital financial solutions

7. Which of the following is a common product offered by microfinance banks to small-scale entrepreneurs and traders?
A) Luxury car loans
B) Mortgage loans for large properties
C) Microloans for small business growth
D) International credit cards
Answer: C) Microloans for small business growth

8. What is the primary focus of microfinance banks in supporting local communities?
A) Providing loans exclusively to large corporations
B) Offering investment opportunities to high-net-worth individuals
C) Promoting sustainable development and poverty reduction
D) Catering to foreign expatriates living in Nigeria
Answer: C) Promoting sustainable development and poverty reduction

What is the grading system for mkobo microfinance aptitude test?

About Mkobo Microfinance Bank

Want more questions like this? Get the Complete MKOBO MIcrofinance Bank Past Questions and Answers (PDF Download), with even more questions and answers