Description
Accion Microfinance Bank Past questions and Answers
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 Microfinance Bank Aptitude test format
Accion Micro-finance Bank test comprises of
- Quantitative reasoning,
- Verbal reasoning and
- Logical/general reasoning questions.
Samples Questions and Answers for Accion Microfinance Bank Past Questions and Answers
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 yea rs. 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. The General Agreement Tariffs and Trade (GATT) has been signed, with Nigeria as one of the signatories, under which all countries will have to gradually open up their agricultural sectors. It is, therefore, neither feasible nor desirable to keep Nigeria’s food grain sector insulated from world markets, In fact, this is an appropriate opportunity for Nigeria to integrate its agriculture with global agriculture and make use of private trade (both domestic and foreign) as an important instrument for efficiently allocating her resources as well as providing food security to her people at the lowest economic cost. The time to change gears in food policy has come. Food security means the physical and economic access to food. Since food grains have the largest share in the food basket of the poor in a developing country like Nigeria, it is the availability of food grains that lies at the heart of the concept of food security. The first step in this direction, therefore, is to make food grains physically available to the people. This can be done by augmenting production, or through imports and transportation of grain to people wherever they are.
There are several ways of achieving these targets, One, to rely on private entrepreneurship by letting the individual farmers produce, traders trade/import and make it available to consumer
far and wide; or the Government may directly intervene in the production and or the trade process. In the former case, the Government follows policies that provide appropriate market signals while in the latter, it acts as producer, importer and trader itself. Nigerian policy-makers have followed a mix of both these options. For production they have relied on the farmers while the Government has retained Control over imports. For distribution, it has created public agencies to do the job along with private trade, thus creating a dual marketing structure.
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
6. Two numbers are respectively 20% and 25% more than a third number. The percentage that is first of the second is7
A. 0.8
B. 0.85
C. 0.96
D. 1.25
Stage 1 is getting to know you better. This stage comprises of 10 situation judgment tests (Questionnaire) to complete in 10 minutes.
Stage 2 involves the cognitive assessments (Quantitative, Verbal and Logical reasoning tests). The assessment will be in 2 sessions (Aptitude test and IQ test). You will answer the questions on a Tab provided at designated access bank offices nationwide.
Stage 3 is the assessment day. This is the final stage where you’ll face an interview panel, take on group exercises and case presentations.
Your speed and accuracy in answering the questions is key to your success in Accion Bank Job Aptitude test.
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Some Frequently Asked Questions about Accion Band Job Aptitude test 2024
Q: Can I take the test on my phone?
A: We strongly advise against using your phone for the test. Using your phone can result in your test
being terminated when calls or SMS come in during the test as this can be considered suspicious
activities (see the question on suspicious activities for more details).
Q: Can I take the test more than once?
A: You are only allowed to take the test only once. If you take the test more than once, it is only your
score from the first attempt that will be recorded.
Q: Is the test timed?
A: Yes. All tests have a time duration in which they must be completed. Once the duration is
reached, the test will be terminated, and your score recorded and submitted.
Q: What if I mistakenly end the test before I am done?
A: Once a test is submitted or closed, it will be assumed that the test has been completed and
submitted.
Q: Would I be allowed to retake the test if my test automatically ended because of network or
internet issues?
A: No, you would not be allowed to retake the test. You are advised to make sure you have quality
internet service to avoid this.
Q: Would I be allowed to use the calculator on my system for the test for mathematical questions?
A: Opening another app on your device while taking the test is considered an unusual behavior so
we advise you have a physical calculator for the test.
Q: My test just ended. I don’t know what happened. What should I do?
A: Your test can be terminated for several reasons – internet connection, suspicious behavior, or test
time elapsed.
Please ensure you have good and reliable internet before starting the examination to prevent
termination due to poor internet connection.
If you perform five (5) suspicious activities, your test will be terminated. Every time a suspicious
activity is noticed, you will get a warning. By the fifth (5th) warning, your test will be terminated.
Q: What are suspicious activities?
A: Your test will be terminated if you perform five (5) suspicious activities. The following activities are
considered suspicious activities /unusual behavior:
˗ Minimizing the browser.
˗ Resizing the browser.
˗ Opening a new tab.
˗ Opening a new program.
˗ Take a screenshot. (Desktop)
˗ Pressing Ctrl + C.
˗ Pressing Ctrl + V.
˗ Pressing Print Screen.
˗ Pressing F12.
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