Umuchinamere Microfinance Bank Aptitude Test Past Questions

Umuchinamere Microfinance Bank Aptitude Test Past Questions and Answers-[Free Download]

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About Umuchinamere Microfinance Bank

Umuchinemere Procredit Micro Finance Bank Nigeria Limited (UP-MFB), formerly Umuchinemere Community Bank (UCB), was established in 1995 by the Catholic Diocese of Enugu, Nigeria. It started operations precisely on July 22, 1995, with its corporate headquarters located at No. 5/9, CIDJAP Street, Uwani, Enugu, Nigeria.

The bank was established during the time of the late Bishop Emeritus of the Diocese, Rt. Rev. Dr. Micheal Ugwuja Eneja, as the Founder/Legal Holder.

Chief Sir Gabriel Akachukwu was the first Chairman of the bank when it started, while Chief Sir Anthony Nwachukwu was the Supervising Director with Chief John Nnam as the founding Manager.

The old Board of Directors of the bank was comprised of Sir G.O. Akachukwu (Chairman), Prof. Julius Onah, Dr. Mrs Vero Mogboh, Msgr. Ferdinand Okpalaibekwe, Chief Sir Anthony Nwachukwu, Msgr. Dr. Tobias Anichebe, Msgr. Dr. Anthony Aso, Msgr. Dr. Anthony Anijielo, Msgr. Prof. Obiora Ike, Dr. Mrs. Ndidi Nnoli Edozie, etc. Msgr. Obiora Ike was the Co-ordinating Director then.

Following a new policy guideline of the Central Bank of Nigeria (CBN), introduced December 15, 2005 by the Federal Government of Nigeria, on establishment of Micro credit financing (that Community Banks change to Micro Finance Banks), Umuchinemere transformed into Umuchinemere Procredit Micro Finance Bank Nigeria Limited (UP-MFB).

The CBN granted Approval-In-Principle (AIP) to the bank to operate as a unit Micro Finance Bank (MFB) in February, 2007. And in September the same year (2007), after satisfying the stringent regulatory and operation requirements/conditions stipulated by government, through the CBN, Umuchinemere Procredit MFB was granted a Final License by the Central Bank to operate as a full-fledged Micro Finance Bank, licensed to operate in a State. It became the first MFB with one billion naira authorized share capital base and the first MFB with final license in the eastern part of the River Niger in Nigeria.

The bank applied to the Corporate Affairs Commission (CAC), Abuja, Nigeria for approval to capitalize from 100 million to one billion naira and was granted the request in July 2007. UP-MFB thus became the first among the over 700 Community Banks in the whole of Nigeria to achieve this one billion naira capitalization approval, which positions it as a state Micro Finance Bank.

According to the CBN regulatory guideline, as State MFB, Umuchinemere is free to establish branches or Customer Relations Offices (CROs) in any part of the state where it has its operational base, and could perhaps operate in other parts of the country.

Presently, the bank is headed by Msgr. Prof. Obiora Ike as the Chairman, while Mr. Charles Ozor is the Managing Director. Other members of the Board are Rev. Fr. Anthony Aniagbaoso Igwe, Chief (Sir) Gilbert Nwoye Obu, Barr. Mrs. Nwanneka C. Okolo, Rev. Fr. Wilfred Agu and Rev. Fr. Dr. Donatus Onuigbo.

The Company’s Secretary is Barrister Clifford Obu.

UP-MFB has a work force of over of 80 persons and 31 ancillary workers at the moment. The bank has seven branches and Seventeen Customer Meeting Points: Branches include Enugu Main Branch, 9th Mile Branch, Abakpa NIKeBranch, Agbani Branch, Amokwe Branch, Godfrey Okoye University Branch, Garriki Awkunanaw Branch. Customer Meeting Points (CMP) include Artisan Market CMP, Ogbete CMP, New Market CMP, CIC CMP, Holy Ghost CMP, Amechi CMP, Timber Shade CMP, Edem CMP, Ugwuogo Nike CMP, Ozalla CMP, Emene/Spaco CMP, St Joseph CMP, Iwollo CMP, Afor Oghe CMP, Umumba – Ndiagu CMP, Umana – Ndiagu CMP, Oji–River CMP.

The Catholic Bishop of Enugu Diocese, Rt. Rev. Dr. Callistus Valentine Chukwuma Onaga, is the current Legal Holder of the Bank, being the Head of the Church in the Diocese.

Umuchinamere Microfinance Bank Aptitude Test Exam Format

The Umuchinamere Microfinance Bank Aptitude Test is designed to evaluate your cognitive abilities, critical thinking, problem-solving skills, and compatibility with the company’s values and culture. The test comprises various sections that include:

Numerical Reasoning: Assessing your ability to interpret numerical data, analyze graphs, and perform calculations under time constraints.
Verbal Reasoning: Evaluating your comprehension skills, vocabulary, and logical reasoning through reading passages and associated questions.
Logical and Abstract Reasoning: Measuring your ability to analyze patterns, draw logical conclusions, and think abstractly.
Situational Judgment: Testing your judgment, ethical decision-making, and alignment with Shell’s core values in real-life workplace scenarios.

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Sample Questions for Umuchinamere Microfinance Bank Aptitude Test

NUMERICAL REASONING TEST

Question:If a jacket costs $120 and its price is increased by 25%, what will be the new price?
A $130
B $140
C $150
D $160
Answer:C $150

Question: A company’s revenue for the first quarter was $800,000. If this represents a 20% increase from the previous quarter, what was the revenue for the previous quarter?
(A) $600,000
(B) $640,000
(C) $680,000
(D) $720,000
Answer:B $640,000

Question:A container holds 500 liters of water. If 30% of the water is removed, how many liters of water remain?
A 150 liters
B 250 liters
C 350 liters
D 450 liters
Answer:C 350 liters

Question:The price of a smartphone decreased by 15% from $400. What is the new price?
A $320
B $340
C $360
D $380
Answer:A $320

Question:A car travels 240 miles on 12 gallons of gasoline. What is the car’s miles-per-gallon (MPG) rate?
A 15 MPG
B 18 MPG
C 20 MPG
D 24 MPG
Answer:D 24 MPG

Question: If the cost of 5 books is $75, what is the cost of 12 books at the same price?
A $140
B $180
C $200
D $220
Answer:B $180

Question:A shop sells a shirt at a 30% discount. If the original price was $50, what is the discounted price?
A $15
B $25
C $30
D $35
Answer:A $25

Question:If a train travels at a speed of 80 miles per hour, how far will it travel in 2.5 hours?
A 180 miles
B 200 miles
C 220 miles
D 250 miles
Answer:C 220 miles

Question:The price of a stock increased by 10% on Monday and decreased by 5% on Tuesday. If the initial price was $100, what is the price after Tuesday?
A $95
B $97.50
C $99
D $100.50
Answer:B $97.50

Question: If the area of a square garden is 144 square meters, what is the length of one side of the square?
A 9 meters
B 10 meters
C 12 meters
D 14 meters
Answer:C 12 meters

Question:A store offers a 20% discount on all items. If a customer buys a $60 item, how much will they pay after the discount?
A $40
B $44
C $48
D $52
Answer:B $44

Question: If a recipe requires 2/3 cup of sugar and the entire recipe is doubled, how much sugar will be needed?
A 1/3 cup
B 2/3 cup
C 1 cup
D 1 1/3 cups
Answer:D 1 1/3 cups

Question:A swimming pool is 40 meters long and 20 meters wide. What is its total perimeter?
A 80 meters
B 100 meters
C 120 meters
D 160 meters
Answer:C 120 meters

Question: If a package of pens contains 24 pens and costs $12, what is the cost per pen?
A $0.25
B $0.40
C $0.50
D $0.75
Answer:A $0.25

Question: The population of a city increased from 80,000 to 100,000 in a year. What is the percentage increase?
A 10%
B 20%
C 25%
D 30%
Answer:B 20%

CRITICAL REASONING TEST

Question: A farmer has 10 apples and gives 3 to his friend. How many apples does the farmer have now?
A) 10
B) 7
C) 3
D) 13
Answer:B 7

Question:If all roses are flowers and some flowers fade quickly, can we conclude that some roses fade quickly?
A) Yes
B) No
C) Maybe
D) Not enough information
Answer:B No

Question: If a shirt costs $20 and is on sale for 25% off, what is the sale price of the shirt?
A) $5
B) $15
C) $17.50
D) $25
Answer:C $17.50

Question: Arrange the following words to form a logical sentence: “Quickly / dog / the / the / street / ran / across.”
A) Quickly ran the dog across the street.
B) The dog quickly ran across the street.
C) The quickly dog ran across street the.
D) Across the dog quickly ran the street.
Answer:B The dog quickly ran across the street.

Question: If a bicycle has two wheels, and a tricycle has three wheels, how many wheels does a unicycle have?
A) 1
B) 2
C) 3
D) 4
Answer: A 1

Question: If some doctors are scientists and all scientists are researchers, can we conclude that some doctors are researchers?

A) Yes
B) No
C) Maybe
D) Not enough information
Answer: A Yes

Question: In a group of 30 people, 18 like tea, and 12 like coffee. How many people like both tea and coffee?
A) 6
B) 12
C) 18
D) 24
Answer: A 6

Question: If birds have feathers and can fly, can we conclude that all animals with feathers can fly?
A) Yes
B) No
C) Maybe
D) Not enough information
Answer: B No

Question: A recipe calls for 2 cups of flour, but you only have a 1-cup measuring cup. How many times do you need to use the 1-cup measuring cup to measure the flour?

A) 1 time
B) 2 times
C) 3 times
D) 4 times
Answer: B 2 times

Question: If Mary is older than John, and John is older than Lisa, who is the youngest among them?
A) Mary
B) John
C) Lisa
D) Not enough information
Answer:C Lisa

Question: Arrange the following numbers in ascending order: 8, 3, 12, 6, 1, 9.
A) 1, 3, 6, 8, 9, 12
B) 12, 9, 8, 6, 3, 1
C) 3, 6, 8, 9, 12, 1
D) 12, 8, 9, 6, 3, 1
Answer: A 1, 3, 6, 8, 9, 12

Question:If all mammals have a backbone and a cat is a mammal, can we conclude that a cat has a backbone?
A) Yes
B) No
C) Maybe
D) Not enough information
Answer: A Yes

Question: If 3 pencils cost $6, how much would 5 pencils cost?
A) $5
B) $8
C) $10
D) $15
Answer: B $8

Question: If trees are plants and some plants are green, can we conclude that some trees are green?
A) Yes
B) No
C) Maybe
D) Not enough information
Answer: A Yes

Question: If there are 24 hours in a day and 60 minutes in an hour, how many minutes are there in a day?
A) 240
B) 600
C) 1440
D) 3600
Answer: C 1440

VERBAL REASONING TEST

Question:Choose the word that is most similar in meaning to “Eloquent”:
A Inarticulate
B Fluent
C Reserved
D Vague
Answer:B Fluent

Question:Select the word that is the opposite in meaning to “Cautious”:
A Bold
B Careful
C Reckless
D Prudent
Answer:C Reckless

Question:Identify the synonym for the word “Meticulous”:
A Careless
B Sloppy
C Precise
D Inaccurate
Answer:C Precise

Question:Choose the word that best completes the sentence: “Her singing was so beautiful that it __________ the entire audience.”
A Captivated
B Annoyed
C Bored
D Frustrated
Answer:A Captivated

Question: Which word does not belong with the others?
A Apple
B Banana
C Orange
D Carrot
Answer:D Carrot

Question: Identify the antonym for the word “Confident”:
A Unsure
B Arrogant
C Assertive
D Positive
Answer: A Unsure

Question: Choose the word that is most similar in meaning to “Diligent”:
A Lazy
B Neglectful
C Industrious
D Careless
Answer: C Industrious

Question: Which word is the odd one out?
A Square
B Circle
C Triangle
D Rectangle
Answer:B Circle

Question:Complete the sentence: “The novel’s plot was so __________ that it kept me engaged until the very end.”
A Predictable
B Boring
C Compelling
D Dull
Answer:C Compelling

Question: Identify the word that correctly completes the analogy: Cat is to Meow as Dog is to __________.
A Bark
B Purr
C Hiss
D Roar
Answer: A Bark

Question: Choose the word that does not belong with the others:
A Violin
B Trumpet
C Flute
D Carrot
Answer: D Carrot

Question: Identify the word that is most opposite in meaning to “Generous”:
A Stingy
B Giving
C Altruistic
D Kind
Answer:A Stingy

Question: Complete the sentence: “Her speech was so __________ that the audience was left speechless.”
A Boring
B Unimpressive
C Engaging
D Mediocre
Answer:C Engaging

Question: Which word is an example of an animal?
A Table
B Tree
C Cat
D Book
Answer:C Cat

Question: Identify the synonym for the word “Voracious”:
A Indifferent
B Hungry
C Full
D Small
Answer: B Hungry