African Reinsurance Corporation Aptitude Test – PDF Download

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African Reinsurance Corporation Aptitude Test

Are you preparing for the African Reinsurance Corporation Aptitude Test? This blog post will give you an overview of the test, the format, and how you can prepare effectively.

About the African Reinsurance Corporation Aptitude Test

The African Reinsurance Corporation (Africa Re) Aptitude Test is part of their recruitment process for hiring new employees. It’s designed to assess your problem-solving, reasoning, and analytical abilities. Performing well in this test is a crucial step towards securing a job at Africa Re.

Exam Format

The test usually consists of different sections to evaluate various skills:

1. Numerical Reasoning
   This section includes questions on basic arithmetic, percentages, ratios, and interpreting data from charts or tables.
2. Verbal Reasoning
   Here, you will be asked to analyze written passages, check grammar, and answer questions based on the text you read.
3. Logical Reasoning
   This part tests your ability to think critically. You will solve puzzles, identify patterns, and work through logic-based questions.
4. General Knowledge and Industry Questions
   Some questions may focus on general knowledge or concepts related to reinsurance and the insurance industry.

Sample questions for African Reinsurance Corporation

NUMERICAL REASONING
Question 1:
The African Reinsurance Corporation reported a net profit of $5.8 million in the first quarter of the year. If their net profit for the second quarter is 25% higher than the first quarter, what is their net profit for the second quarter?
A) $5.8 million
B) $7.25 million
C) $6.2 million
D) $8.5 million
Question 2:
If the African Reinsurance Corporation’s total assets are $150 million and their liabilities are $60 million, what is their net worth?
A) $90 million
B) $210 million
C) $240 million
D) $100 million

Question 3:
The African Reinsurance Corporation invested $500,000 in a project. If the project generates a return of 8% per year, how much will the investment be worth after 3 years?
A) $520,000
B) $540,000
C) $560,000
D) $580,000
Question 4:
In the African Reinsurance Corporation’s portfolio, 40% of investments are in stocks, 30% in bonds, and the rest in real estate. If their total investment portfolio is worth $1.2 billion, how much is invested in real estate?
A) $240 million
B) $360 million
C) $480 million
D) $600 million

Question 5:
The African Reinsurance Corporation’s revenue for the year was $80 million. If their expenses were $50 million, what is their profit margin as a percentage?
A) 35%
B) 45%
C) 25%
D) 60%

Question 6:
If the African Reinsurance Corporation pays a dividend of $0.50 per share and has 10 million outstanding shares, how much do they pay in total dividends?
A) $5 million
B) $50 million
C) $500,000
D) $10 million

Question 7:
The African Reinsurance Corporation’s stock price increased from $20 to $25. What is the percentage increase in the stock price?
A) 20%
B) 25%
C) 30%
D) 50%

Question 8:
The African Reinsurance Corporation has a total of 500 employees. If 20% of them work in the finance department and 40% work in the underwriting department, how many employees work in other departments?
A) 100
B) 150
C) 200
D) 250

Question 9:
If the African Reinsurance Corporation’s premium income is $10 million and their claims paid out are $6 million, what is their claims ratio as a percentage?
A) 40%
B) 60%
C) 150%
D) 75%

Question 10:
The African Reinsurance Corporation’s investment portfolio decreased by 15% last year. If the portfolio was originally worth $2.5 billion, what is its value now?
A) $2.125 billion
B) $2.375 billion
C) $2.75 billion
D) $2.625 billion

VERBAL REASONING
Question 1:
Which of the following words is most similar in meaning to “tenacious”?
A) Flexible
B) Determined
C) Fragile
D) Indifferent

Question 2:
Choose the option that best completes the analogy: Insurance is to risk as a helmet is to _______.
A) Head
B) Speed
C) Vehicle
D) Safety

Question 3:
The African Reinsurance Corporation’s commitment to ethical business practices is evident through its _______ policies and transparent operations.
A) Opaque
B) Ambiguous
C) Dilapidated
D) Clear

Question 4:
Identify the correctly punctuated sentence:
A) The company plans to expand its operations into new markets in Africa, and Asia.
B) The company plans to expand its operations into new markets in Africa and Asia.
C) The company plans to expand its operations into new markets, in Africa and Asia.
D) The company plans to expand its operations into new markets, in Africa, and Asia.

Question 5:
If you have any questions about the African Reinsurance Corporation’s services, please don’t hesitate to _______ the customer service department.
A) Neglect
B) Avoid
C) Contact
D) Ignore

Question 6:
The African Reinsurance Corporation’s commitment to sustainability is evident in its efforts to reduce _______ impact and promote eco-friendly practices.
A) Financial
B) Environmental
C) Social
D) Political

Question 7:
Choose the option that is the opposite in meaning to the word “innovative”:
A) Creative
B) Traditional
C) Experimental
D) Inventive

Question 8:
The African Reinsurance Corporation’s annual report provides a comprehensive _______ of its financial performance and strategic initiatives.
A) Overview
B) Ignorance
C) Evaluation
D) Prediction

Question 9:
In the African Reinsurance Corporation, collaboration and teamwork are highly _______ values that contribute to the company’s success.
A) Overrated
B) Undervalued
C) Valued
D) Misunderstood

Question 10:
Which sentence is grammatically correct?
A) Me and my team attended the industry conference last week.
B) My team and me attended the industry conference last week.
C) My team and I attended the industry conference last week.
D) Me and my team attended the industry conference last week.