Banking Institution Aptitude Test
(Advanced Level)
Total Questions: 20
Duration: 45 minutes
Instructions: Select the best answer for each question. No calculators allowed.
Numerical Reasoning
1. 1. A bank offers compound interest at 6% per annum compounded quarterly. What will
be the amount on a GH¢10,000 deposit after 2 years?
a) GH¢11,268.25
b) GH¢11,265.86
c) GH¢11,262.48
d) GH¢11,267.09
Answer: a) GH¢11,268.25
2. 2. If a trader marks up goods by 25% and gives a discount of 10%, what is the effective
profit percentage?
a) 12.5%
b) 15%
c) 10%
d) 13.5%
Answer: a) 12.5%
3. 3. A credit analyst processes 3 applications in 5 hours. At this rate, how many
applications can 4 analysts process in 8 hours?
a) 16
b) 18
c) 19.2
d) 21
Answer: c) 19.2
4. 4. What is the next number in the series? 2, 6, 12, 20, 30, ?
a) 42
b) 40
c) 38
d) 36
Answer: a) 42
5. 5. A loan of GH¢24,000 is to be repaid in 12 equal monthly installments with 10%
annual simple interest. What is the monthly installment?
a) GH¢2,100
b) GH¢2,120
c) GH¢2,200
d) GH¢2,050
Answer: b) GH¢2,120
6. 6. A bank’s annual profit increased from GH¢3.2 million to GH¢4.8 million in one year.
What is the percentage increase?
a) 33.3%
b) 50%
c) 66.6%
d) 80%
Answer: b) 50%
Verbal Reasoning
7. 7. Choose the word that is most opposite in meaning to “Volatile”:
a) Explosive
b) Unstable
c) Steady
d) Reactive
Answer: c) Steady
8. 8. Which of the following statements logically follows from the statement below?
"All investments are subject to market risk. Some investments are more volatile than
others."
a) Some investments are not risky.
b) All volatile markets are risky.
c) Some investments are riskier due to volatility.
d) Market risk affects only volatile investments.
Answer: c) Some investments are riskier due to volatility.
9. 9. Liquidity is to Cash as Solvency is to:
a) Debt
b) Profit
c) Assets
d) Creditworthiness
Answer: d) Creditworthiness
10. 10. The central bank took measures to ______ inflation and stabilize the economy.
a) exacerbate
b) monitor
c) curb
d) suspend
Answer: c) curb
Logical Reasoning
11. 11. All bank managers are financially literate. Some financially literate people are not
bankers. Which of the following is definitely true?
a) All bankers are financially literate
b) Some financially literate people are bank managers
c) All financially literate people are bank managers
d) No financially literate person is a banker
Answer: a) All bankers are financially literate
12. 12. If A = 2, B = 4, C = 6… What is the code for "BANK"?
a) 4-2-28-22
b) 4-2-28-24
c) 2-4-28-22
d) 4-2-26-22
Answer: b) 4-2-28-24
13. 13. Identify the missing figure in the sequence: 5, 11, 23, 47, ?
a) 94
b) 95
c) 96
d) 97
Answer: b) 95
14. 14. In a certain code, BANK is written as LZMP. What is the code for CASH?
a) XKHR
b) XZHF
c) XLHR
d) XZHP
Answer: c) XLHR
15. 15. Statement: If interest rates go up, fixed income investments become more attractive.
Conclusion:
I. Investors should switch to fixed income securities.
II. Equity investments will no longer be profitable.
a) Only I follows
b) Only II follows
c) Both I and II follow
d) Neither follows
Answer: a) Only I follows
Banking & Financial Aptitude
16. 16. What is the Capital Adequacy Ratio (CAR) meant to measure?
a) The bank’s liquidity position
b) The bank’s risk-weighted capital buffer
c) Interest income from loans
d) Reserve ratio with the central bank
Answer: b) The bank’s risk-weighted capital buffer
17. 17. A bank issues a loan of GH¢200,000 with a collateral value of GH¢160,000. What is
the Loan-to-Value (LTV) ratio?
a) 125%
b) 80%
c) 100%
d) 90%
Answer: a) 125%
18. 18. Which instrument is NOT considered a money market instrument?
a) Treasury Bill
b) Certificate of Deposit
c) Commercial Paper
d) Corporate Bond
Answer: d) Corporate Bond
19. 19. A bank maintains a statutory reserve ratio of 10%. If it receives a deposit of GH
¢500,000, how much can it lend out?
a) GH¢450,000
b) GH¢400,000
c) GH¢480,000
d) GH¢470,000
Answer: a) GH¢450,000
20. 20. Basel III is primarily focused on:
a) Anti-money laundering
b) Enhancing shareholder value
c) Strengthening bank capital requirements
d) Promoting microfinance institutions
Answer: c) Strengthening bank capital requirements
