Nova Bank Past Questions and Answers

Description

Nova Bank Past Questions and Answers

Are you preparing for the Nova Bank Graduate Trainee Program (NGTP) 2026?
Do you want to pass the online pre-assessment and secure your spot in the next stage?

This NOVA Bank Past Questions and Answers pack is the most complete and updated study material designed to help applicants master the NGTP 2026 screening test with confidence.

What This Product Contains

This comprehensive study pack includes:

Latest Nova Bank Sales Edition Pre-Assessment Questions

Updated specifically for the upcoming Graduate Trainee Program, including:

• Mathematical & numerical reasoning

• Basic finance & banking knowledge

• Sales and marketing fundamentals

• Customer engagement scenarios

• Data interpretation

• Grammar, spelling, and business communication questions

• Logical thinking and problem-solving tasks

🎯 Why You Need This Study Pack

Nova Bank’s email invitation states:

“You have been invited to complete an online pre-assessment designed to evaluate your skills and suitability for the program.”

This means the test is competitive, time-bound, and highly structured to filter top candidates. Having the right material gives you a major advantage.

This Past Questions Pack helps you:

• Boost your score

• Understand the test format

• Practice the exact question types Nova Bank uses

• Improve accuracy and speed

• Stand out from thousands of other candidates

FAQ: What are the best past questions to study for the Nova Bank Graduate Trainee Program (NGTP) 2026?

A: The best past questions are the updated 2026 Nova Bank Graduate Trainee Past Questions & Answers, which include numerical reasoning, banking knowledge, sales scenarios, grammar, spelling, logical reasoning, and data interpretation questions that match the official online pre-assessment format.

Sample from Nova Bank Past Questions

1. A Nova Bank customer deposits ₦1,200,000 at 8% simple interest per annum. How much interest will he earn in 18 months?

(a) ₦144,000

(b)₦96,000

(c)₦108,000

(d)₦128,000

Explanation:
SI = PRT = 1,200,000 × 0.08 × 1.5 = ₦144,000.

2. Choose the most suitable replacement for the underlined portion:
“The branch manager acted in a way that was highly commendable during the crisis.”

(a)with remarkable professionalism

(b)in a commendably way

(c) in ways that is professional

(d) by being commendably

Explanation:
“Remarkable professionalism” is the most concise and grammatically correct rewriting.

3. Which of the following best describes the function of the Cash Reserve Requirement (CRR) set by the CBN?

(a) It regulates how much banks can lend by mandating a percentage of deposits to be kept with the CBN.

(b) It forces banks to reduce interest rates.

(c) It determines the exchange rate.

(d) It controls customer transaction limits.

Explanation:
CRR ensures banks keep a fraction of deposits with the CBN to control liquidity.

4. A loan officer approves 240 applications in January. Applications drop by 12% in February. How many applications were processed in February?

(a) 211

(b) 216

(c) 203

(d) 207

Explanation:
Drop = 240 × 0.12 = 28.8 ≈ 29 → 240 – 29 = 211.

5. Which option is the best synonym for “consolidate” as used in banking reports?

(a) strengthen

(b) separate

(c) minimize

(d) complicate

Explanation:
Consolidate = combine or strengthen.

6. Which of the following is a major element of Anti-Money Laundering (AML) compliance?

(a) Customer Due Diligence (CDD)

(b) Customer feedback forms

(c) Market share analysis

(d) Loan pricing strategy

Explanation:
CDD is a key AML step to verify identities and assess risk.

7. Solve for x:
5x – 2(2x + 3) = 7

(a) x = 13

(b) x = 3

(c) x = –1

(d) x = 11

Explanation:
5x – 4x – 6 = 7 → x – 6 = 7 → x = 13.

8. Find the error:
“The team were instructed to submit the audit findings by tomorrow.”

(a) ‘were’ should be replaced with ‘was’.

(b) ‘team’ should be plural

(c) ‘findings’ is incorrect

(d) no error

Explanation:
“Team” is a collective noun and takes singular verb → team was.

9. Which of the following accounts typically earns the highest interest?

(a) Fixed Deposit Account

(b) Savings Account

(c) Current Account

(d) Checking Account

Explanation:
Fixed deposits offer the highest interest rate among listed options

10. A bank invests ₦5,000,000 in a security yielding 11% annually. If the bank reinvests the full interest each year at the same rate, what will be the value after 2 years?

(a) ₦6,155,000

(b) ₦6,000,000

(c) ₦5,550,000

(d) ₦6,200,000

Explanation:
Compound interest: A = P(1 + r)² = 5,000,000(1.11)² = ₦6,155,000.

You also get valuable preparation tips that reflect the real Nova Bank recruitment process how to manage time, avoid common mistakes, increase accuracy, and approach tricky questions with the right strategy. The material is designed to be easy to read on all devices, including phones, tablets, and laptops.

Start preparing the right way and stay ahead of other candidates with this trusted exam guide.