Description

Accion Microfinance Bank Past questions and Answers

Accion Microfinance Bank is a leading microfinance institution in Nigeria, committed to empowering low-income individuals and small businesses. It offers a range of financial services tailored to meet the needs of its customers.

This study pack, Accion Microfinance Bank  Past questions and Answers, will help you prepare faster for your best performance in the job selection aptitude test.
To perform your best, a crucial part of your preparation tactics, is to practice previous years’ papers. Solving these will help you understand the exam pattern, know the level of difficulty and ultimately, and help you create your best preparation strategy.

Accion  Test Format

Accion Micro-finance Bank test comprises of

1. Quantitative reasoning,
2. Verbal reasoning and
3. Logical/general reasoning questions.

Samples Questions

Verbal Reasoning

Answer questions 1 – 10 based on the passage given below:

Nigeria has come a long way since the Bengal Famine of 1943. The food situation in Nigeria, once characterized by chronic shortages and the spectra of famines, has changed dramatically over the years. From being the biggest recipient of PL-480 during the 1950s and 1960s in Nigeria today is relatively self-sufficient in food grain at the given at he given level of incomes and prices; in fact, it has, marginal surpluses.

Providing economic access to food is the second part of the concept or food security. This can he best obtained by adopting a cost effective technology in production so that real prices of food grains come down and more people have access to it. In case it still fails to reach the larger sections of the population, the Government can directly subsidize food for the poor, launch a drive to augment their incomes, or try a combination of the two strategies. Nigeria has followed both these policies.

1. If the private agencies are entrusted the work of making food grains available to people, what facilitative role government should undertake?
A. Nationalize all distribution system
B. Take those decisions that give appropriate message to the market
C. Should undertake responsibilities of production and distribution
D. Make efforts to increase the income of the framers

2. Which of the following forms the most essential part of the concept of food security in Nigeria?
A. Availability of effective technology of food production to poor farmers
B. Availability of all food items in the market for urban poor
C. Easy access of food grains to the working sections at affordable price
D. Providing subsidy on all food items for rural poor

3. According to the author, why is it necessary to make available food security to people?
A. To sustain economic growth
B. As per PL-480 guideline
C. To enable us to export food grains
D. Not given in the passage

4. Which one of the following views regarding GATT does the author support?
A. Nigeria should seize the chance and make efforts to fulfil its objectives.
B. Nigeria should not have signed it to insulate our food grain sector

C. Nigeria should hand over issue of food security to only private sector
D. Nigeria should have signed GATT excluding the agricultural sector

5. “Nigeria has come a long way … ” means
A. Many years have passed after the Bengal famine
B. The food position is now largely improved
C. Nigeria now handles such problems under PL480
D. Nigeria has advanced in science and technology
E. Nigeria is no more isolated from the world

Find the antonym for the word mentioned below

6. Chronic
A. Acute
B. Fleeting
C. Temporary
D. Chilling

7. Letting
A. Demanding
B. Permitting
C. Disallowing
D. Refusing

Numerical Reasoning

1. How much is 80% of 40 is greater than 4/5 of 25?
A. 4
B. 6
C. 9
D. 12

2. 40% of a number is more than 20% of 650 by 190. Find the number?
A. 600
B. 700
C. 800
D. 900

3. 25% of 30% of 45% is equal to?
A. 0.03375
B. 0.3375
C. 3.375
D. 33.75

4. 85% of a number is added to 24, the result is the same number. Find the number
A. 150
B. 140
C. 130
D. 160

5. 40 is subtracted from 60% of a number, the result is 50. Find the number?
A. 15
B. 140
C. 130
D. 110