CBN Past Questions and Answers

Description

CBN Past Questions & Answers

The Central Bank of Nigeria (CBN) is the apex monetary authority of the Federal Republic of Nigeria. Established in 1958, the CBN is responsible for overseeing the nation’s monetary and financial system.

A crucial part of CBN recruitment test preparation is to solve and practice using previous years’ papers. Solving previous years questions will help you understand the exam pattern, know the level of difficulty and ultimately, helps you create your best preparation strategy.

CBN Exam Format

CBN recruitment aptitude test usually includes;

1. Quantitative Reasoning and Math
2. Verbal reasoning/Use of English
3. Current Affairs and General Knowledge

Sample Questions

VERBAL REASONING

Question 1
The profits of Timberland are not affected by young customers.
A. True
B. False
C. Cannot say
Correct answer: B
Explanation
The passage says that “when that clientele [the young] tired of them the companies felt the loss deeply”. Meaning that Timberland’s profits are in fact closely affected by the purchasing habits of the young.

Question 2
Adults wear the same shoes as children because they want to look younger.
A. True
B. False
C. Cannot say
Correct answer: C
Explanation
The passage does not say why adults and children sometimes end up with the same styles. The passage implies that by listening to the same music and wearing the same clothes as young people, adults are not considered grown-up. But the passage does not say why some adults adopt this style (for example it could be price, comfort, or any number of reasons other than wanting to look younger, but we are not told.)

Passage D

Television is changing as it goes digital. The result will not only be better quality pictures and sound but also personal TV, with viewers able to tailor the programmes they watch and even interact with them. How much money this will make for programme producers or broadcasters, whoever they may be, is not so clear. Cable, satellite and terrestrial television broadcasters are upgrading their equipment to provide higher quality digital services. Rupert
Murdoch’s News Corporation will become the first company in the
world to migrate an entire national TV system over to digital when it turns off its old analogue version of its British satellite service, BSkyB.

Question 3
Rupert Murdoch is the owner of BSkyB.
A. True
B. False
C. Cannot say
Correct answer: A
Explanation
This is stated it he passage where it says “Rupert Murdoch’s News Corporation? BSkyB”, meaning he is the owner.

Question 4
The only change from traditional analogue services to digital services will be the picture quality.
A. True
B. False
C. Cannot say
Correct answer: B
Explanation
The passage says of switching from analogue to digital: “The result will be better quality pictures and sound but also personal TV, with viewers able to tailor the programmes they watch?”.

Question 5
Television broadcasters are upgrading their equipment because they will make more money from digital TV.
A. True
B. False
C. Cannot say
Correct answer: C
Explanation
This is quite obvious since the passage explicitly says in the last sentence of the first paragraph that it is not clear how much money broadcasters will make from upgradin

Passage E

Brand equity has become a key asset in the world of competitive business. Indeed, some brands are now worth more than companies. Large corporations themselves are widely distrusted, whereas strangely, brands have the opposite effect on people. Brands are used to humanise corporations by appropriating characteristics such as courage, honesty, friendliness and fun. An example is Dove soap, where a dove
represents white, cleanliness and peace. Volkswagen like to give the impression through their advertising that they are a reliable, clever, technical product. In a sense, rather than the product itself, the image and the idea are the selling point.

NUMERICAL REASONING

Question 1

Which of the options is the next shape in the sequence?

Correct answer: C

Explanation

Everything rotates clockwise.

The equilateral triangle rotates about its own centre by 120^o each time.

The square rotates about its own centre by 90^o each time.

The regular pentagon rotates about its own centre by 108^o each time.

Simultaneously the three shapes rotate by 90^o each time about the centre of the large square. Following these rules, the next diagram of the sequence must be C.

Question 2

Which of the options is the next shape in the sequence?

Correct answer: C

Explanation

There are two rules to follow.

The first rule is that the shapes are regular polygons, with the number of sides increasing by 1 each time. Following this rule, for the next diagram in the sequence, there should be a regular nonagon (nine-sided polygon). The correct answer, therefore, could be A, C or D.

The other rule is that the number of dots inside the polygons increases by two each time. For the next diagram in the sequence, therefore, there should be 14 dots. The correct answer, therefore, is C

Question 3

Which of the options is the next shape in the sequence?

Correct answer: D

Explanation

In this question there are two rules that are performed simultaneously.

The first rule is that the shape is reflected in the axis that follows the direction of the arrow.

The second rule is that the shape is rotated by 45^o anticlockwise each time.

Following the second rule, the answer could be A, C or D. But the first rule tells us that the correct answer must be D. In A, the wrong half of the circle is coloured black. In C, the shape has not been reflected.

Question 4

Which of the options is the next shape in the sequence?

Correct answer: B

Explanation

There is a block of wood and four nails.

Each time the first nail (on the left) and one other nail are hit with a hammer – the first time, the first and fourth nails are hit, the second time the first and third nails are hit, the next time the first and second, then back to the first and fourth etc.

For the next diagram of the sequence, therefore, the first and third nails should be hit. The correct answer, therefore, is B.

Question 5

Which of the options is the next shape in the sequence?

Correct answer: B

Explanation

There are two rules to follow that are applied simultaneously.

The first rule is that the top and bottom rows interchange each time.

The second rule is that the numbers of dots in the circles that started in the top row of the first diagram increase by one each time, whereas the numbers of dots in the circles that started in the bottom row of the first diagram decrease by one each time.

Following these rules simultaneously, for the next diagram of the sequence, the circles in top row should have one dot and zero dots respectively and the circles in the bottom row should have five dots and seven dots respectively. The correct answer, therefore, is B