Rand Merchant Bank Aptitude Test Past Questions and Answers

Rand Merchant Bank Aptitude Test Past Questions and Answers-[Free PDF Download]

Joining the ranks of Rand Merchant Bank (RMB), a distinguished financial institution, is a promising endeavor. The Rand Merchant Bank Aptitude Test is a crucial step on your journey, demanding preparation and a strategic approach. In this blog post, we will delve into the significance of the RMB Aptitude Test, explore the benefits of practicing with past questions and answers, and highlight how these resources can be your secret weapon in achieving success.

The Rand Merchant Bank Aptitude Test serves as a powerful tool to assess candidates’ cognitive abilities, critical thinking skills, problem-solving prowess, and numerical and verbal reasoning. It’s designed to identify individuals with the potential to excel in the demanding and dynamic environment of the financial sector. While the exact test structure may vary, the test often comprises a range of multiple-choice questions that evaluate candidates’ analytical thinking and decision-making capabilities.

About Rand Merchant Bank

Rand Merchant Bank Nigeria Limited (RMBN) was licensed by the Central Bank of Nigeria (CBN) in 2012 and began formal operations in 2013. RMBN has since added significant value to our Nigerian clients and the Nigerian economy at large, through innovative advisory services on infrastructure projects, mergers and acquisitions, as well as the funding of various transactions across multiple sectors.

We have an extensive pool of investment banking talent, including fixed income, currency and commodities experts who understand the Nigerian and broader African landscape. Our knowledge of local financing requirements, legal and jurisdictional frameworks, together with the expertise and financial strength of FirstRand Bank, enables us to service the needs of our clients in the rapidly expanding Nigerian economy.

Our vision and primary business objective is to create sustainable value, innovative solutions and superior economic returns for our clients and shareholders in Africa and beyond.

The founding of RMB

Once upon a time in 1977, three entrepreneurs: Laurie Dippenaar, GT Ferreira and Pat Goss started a small financial structuring house in Johannesburg.

They called their company Rand Consolidated Investments (RCI) and built the business on the basis of Traditional values. Innovative ideas.

After Pat left the business, a new partner, Paul Harris joined. A few years later, the trio merged their successful lending and financing business with Johann Rupert’s Rand Merchant Bank. They swapped the name RCI for RMB and so the world of RMB came into being.

Making history

The entrepreneurs managed to expand their business from a R10 000 start-up into a financial services empire that would become one of the largest financial services firms in sub-Saharan Africa. In 1998 they established FirstRand Limited through the disposal of Anglo American’s interests in FNB and Southern Life, and the merger of these assets with RMB and Momentum. This was one of the largest transactions in the history of financial services in South Africa.

Today, FirstRand Limited is the largest listed financial services group (by market capitalisation) in Africa.

Requirements For Rand Merchant Bank Recruitment

Basic requirements demanded by Rand Merchant Bank for the recruitment exercise include;

All applicants must be properly dressed at all times.
Candidates are required to have broad knowledge of basic computer applications.
Physically challenged individuals are not permitted to apply.
Candidates are required to present relevant academic certificates, including an NYSC discharge certificate.
Candidates should be geographically mobile.
Applicants must be smart, calculative, polite, and must possess good leadership and management skills.
Ex- convicts or individuals with negative financial history are also not allowed to apply.

WhatTo Expect From The Rand Merchant Bank Aptitude Test

Numerical Reasoning: This section assesses candidates’ ability to work with numbers, data interpretation, and basic mathematical calculations.
Verbal Aptitude: This section evaluates candidates’ comprehension skills, vocabulary, and ability to analyze written information.
Logical Reasoning: Logical reasoning questions gauge candidates’ ability to recognize patterns, make deductions, and think logically.
Problem Solving: Problem-solving questions present candidates with real-world scenarios and assess their ability to devise effective solutions.

What Makes Our Past Questions And Answers Stands Out

Rigorous Assessment: Aptitude tests at prestigious institutions like RMB are known for their thorough evaluation of candidates’ skills and abilities. These tests are designed to identify candidates who possess the qualities necessary for success in the financial industry.
Relevance to the Role: RMB’s aptitude tests are likely tailored to the specific roles within the financial sector. This ensures that the test content aligns with the skills and competencies required for the position, making it a more accurate predictor of job performance.
Emphasis on Financial Acumen: Given RMB’s nature as a financial institution, the aptitude test may have a strong emphasis on assessing candidates’ financial literacy, numerical reasoning, and understanding of financial concepts.
Problem-Solving Focus: The financial sector requires individuals who can analyze complex problems and make informed decisions. The aptitude test might challenge candidates with intricate scenarios and evaluate their ability to provide effective solutions.
Analytical Skills: RMB’s test could feature questions that require candidates to analyze data, charts, and graphs, as these skills are crucial in the financial field.
Critical Thinking: The ability to think critically, assess information, and make logical judgments is highly valued in the financial industry. The aptitude test might include questions that gauge candidates’ critical thinking abilities.
Time Management: Financial professionals often work under time constraints. The aptitude test might evaluate candidates’ ability to manage their time efficiently and make accurate decisions within limited time frames.

Sample Questions for Rand Merchant Bank Aptitude Test

LOGICAL REASONING TEST

Question: Statement:All dogs are mammals. Statement:Some mammals are not cats.
Which of the following conclusions can be drawn from the above statements?
A) All dogs are cats.
B) Some dogs are not cats.
C) All cats are mammals.
D) Some mammals are dogs.
Answer:B) Some dogs are not cats.

Question: Statement:If it rains, the event will be moved indoors, Statement:The event is indoors. Which of the following can be inferred from the above statements?
A) It is raining.
B) It is not raining.
C) The event will be cancelled.
D) There is a roof.
Answer:B) It is not raining.

Question: Statement: All athletes are strong. Statement: Some athletes are tall.
Which of the following must be true based on the above statements?
A) All tall individuals are athletes.
B) All strong individuals are athletes.
C) Some tall individuals are strong.
D) Some strong individuals are tall.
Answer:C) Some tall individuals are strong.

Question : Statement:No reptiles are birds. Statement:Some birds can fly.
Which of the following conclusions can be drawn from the above statements?
A) All reptiles can fly.
B) Some birds are reptiles.
C) No birds can fly.
D) Some birds are flightless.
Answer: D) Some birds are flightless.

Question: Statement: If it is a weekday, the library is open. Statement: The library is open.
Which of the following can be inferred from the above statements?
A) It is a weekday.
B) It is a weekend.
C) The library is closed.
D) The library is open on weekends.
Answer:) It is a weekday.

NUMERICAL REASONSING TEST

Question: If a train travels 300 kilometers in 5 hours, what is its average speed in kilometers per hour?
A) 40 km/h
B) 50 km/h
C) 60 km/h
D) 70 km/h
Answer:C) 60 km/h

Question: A company’s profit increased from $50,000 to $70,000 in one year. What is the percentage increase in profit?
A) 20%
B) 25%
C) 30%
D) 40%
Answer:D) 40%

Question: If a recipe requires 2 cups of flour and you want to make half of the recipe, how many cups of flour do you need?
A) 0.5 cups
B) 1 cup
C) 1.5 cups
D) 2 cups
Answer:B) 1 cup

Question: A garden is 15 meters long and 10 meters wide. What is the perimeter of the garden?
A) 35 meters
B) 50 meters
C) 60 meters
D) 70 meters
Answer:B) 50 meters

Question: If a cell phone plan costs $30 per month and you have it for 6 months, what is the total cost?
A) $120
B) $150
C) $180
D) $210
Answer:C) $180

Question: A store sells a shirt for $25, which is 20% less than its original price. What was the original price of the shirt?
A) $25
B) $30
C) $31.25
D) $40
Answer:C) $31.25

Question: If a bicycle wheel has a diameter of 26 inches, what is its circumference?
A) 52π inches
B) 78π inches
C) 81.68 inches
D) 104π inches
Answer:B) 78π inches

Question: A company’s revenue is $120,000 and its expenses are $80,000. What is the company’s profit?
A) $40,000
B) $60,000
C) $80,000
D) $100,000
Answer: A) $40,000

Question: If ashirt originally costs $40 and is on sale for 30% off, what is the sale price?
A) $10
B) $25
C) $28
D) $30
Answer: C) $28

Question: A car travels 240 miles in 4 hours. What is its average speed in miles per hour?
A) 50 mph
B) 60 mph
C) 70 mph
D) 80 mph
Answer:B) 60 mph

Question: A rectangular garden is 12 meters long and 8 meters wide. What is its area in square meters?
A) 80 sq. meters
B) 96 sq. meters
C) 100 sq. meters
D) 120 sq. meters
Answer:B) 96 sq. meters

Question: If a bookshelf has 5 shelves and each shelf can hold 10 books, how many books can the bookshelf hold?

A) 25 books
B) 40 books
C) 45 books
D) 50 books
Answer:D) 50 books

Question: A pizza is divided into 8 equal slices. If 3 people each eat 2 slices, how many slices are left?
A) 1 slice
B) 2 slices
C) 3 slices
D) 4 slices
Answer:B) slices

VERBAL REASONING TEST

Question: Choose the antonym for “Generous”:
A) Kind
B) Stingy
C) Giving
D) Charitable
Answer:B) Stingy

Question: Identify the correct spelling:
A) Recieve
B) Recieve
C) Receive
D) Recive
Answer:C) Receive

Question: Choose the word that is closest in meaning to “Confident”:
A) Shy
B) Arrogant
C) Insecure
D) Sure of oneself
Answer:D) Sure of oneself

Question: What is the plural form of “Mouse” (the small mammal)?
A) Mouses
B) Mice
C) Meese
D) Mousen
Answer:B) Mice

Question: Select the word that does not fit the context:
A) Pen
B) Paper
C) Chair
D) Pencil
Answer:C) Chair

Question: What is the synonym for “Voracious”?
A) Small
B) Hungry
C) Slow
D) Tasty
Answer:B) Hungry

Question: Identify the correct idiom:
A) Break a leg
B) Break a hand
C) Break a foot
D) Break a nose
Answer: A) Break a leg

Question: What is the meaning of “Innocuous”?
A) Harmless
B) Dangerous
C) Confusing
D) Evil
Answer:A) Harmless

Want more questions like this? Get the Rand Merchant BankQuestions And Answers [Free – Download], with even more questions and answers