Description

African Reinsurance Corporation Aptitude Test

This African Reinsurance Corporation Past Questions study pack helps you to prepare for African Reinsurance Corporation graduate trainee assessments. It helps you familiarize with the kind of questions you will face in the test using actual questions from previous exams.

African Reinsurance Corporation uses aptitude assessments as part of their multi-stage assessment procedures for the selection and development of staff. Research has shown that they are powerful predictors of performance at work. The test is usually conducted by the in-house recruitment department or out-sourced to recruitment companies like solid hire, mettl or workforce group.

General format for African Reinsurance Corporation Aptitude Test:

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.

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.