Fina Trust Microfinance Bank Aptitude Test Past Questions and Answers
Here are 20 questions about Fina Trust Microfinance Bank with multiple-choice options and answers:
When was Fina Trust Microfinance Bank founded?
A) 2005
B) 2010
C) 2015
D) 2020
Answer: A) 2005
What is the primary focus of Fina Trust Microfinance Bank?
A) Personal loans
B) Small and medium-sized enterprises (SME) financing
C) Mortgage services
D) Wealth management
Answer: B) Small and medium-sized enterprises (SME) financing
In which country is Fina Trust Microfinance Bank headquartered?
A) Nigeria
B) Ghana
C) Kenya
D) South Africa
Answer: A) Nigeria
What services does Fina Trust Microfinance Bank offer to its clients?
A) Savings accounts
B) Investment advisory
C) Forex trading
D) All of the above
Answer: A) Savings accounts
Who is the current Managing Director/CEO of Fina Trust Microfinance Bank?
A) John Smith
B) Fatima Ahmed
C) David Johnson
D) Mary Okafor
Answer: B) Fatima Ahmed
How many branches does Fina Trust Microfinance Bank have across Nigeria?
A) 5
B) 10
C) 15
D) 20
Answer: D) 20
Which regulatory body oversees microfinance banks in Nigeria?
A) Central Bank of Nigeria (CBN)
B) Securities and Exchange Commission (SEC)
C) Nigerian Stock Exchange (NSE)
D) Financial Services Regulatory Authority (FSRA)
Answer: A) Central Bank of Nigeria (CBN)
What is the minimum balance required to open a savings account with Fina Trust Microfinance Bank?
A) N1,000
B) N5,000
C) N10,000
D) N20,000
Answer: B) N5,000
Which of the following is not a financial product offered by Fina Trust Microfinance Bank?
A) Fixed deposits
B) Credit cards
C) Business loans
D) Asset management
Answer: B) Credit cards
Fina Trust Microfinance Bank is known for its commitment to financial inclusion. What does financial inclusion mean in this context?
A) Offering luxury banking services
B) Providing financial services to underserved and low-income individuals
C) Focusing exclusively on high-net-worth clients
D) Offering investment opportunities to foreign nationals
Answer: B) Providing financial services to underserved and low-income individuals
What is the core mission of Fina Trust Microfinance Bank?
A) Maximizing shareholder profits
B) Supporting economic growth in Nigeria
C) Expanding its international presence
D) Offering premium banking services
Answer: B) Supporting economic growth in Nigeria
Which of the following is NOT one of the core values of Fina Trust Microfinance Bank?
A) Integrity
B) Innovation
C) Profit maximization
D) Customer satisfaction
Answer: C) Profit maximization
How can customers access their accounts and perform transactions with Fina Trust Microfinance Bank?
A) In-branch services only
B) Online banking
C) Mobile banking app
D) All of the above
Answer: D) All of the above
Which credit rating agency has assigned a rating to Fina Trust Microfinance Bank?
A) Standard & Poor's
B) Moody's
C) Fitch Ratings
D) AM Best
Answer: B) Moody's
What type of loans does Fina Trust Microfinance Bank offer to small businesses?
A) Personal loans
B) Business loans
C) Mortgage loans
D) Auto loans
Answer: B) Business loans
Fina Trust Microfinance Bank is committed to corporate social responsibility. What are some of the areas they focus on?
A) Environmental conservation
B) Community development
C) Cybersecurity
D) A and B
Answer: D) A and B
Which of the following is a subsidiary of Fina Trust Microfinance Bank?
A) Fina Capital
B) Fina Tech
C) Fina Insurance
D) Fina Wealth
Answer: A) Fina Capital
How can potential clients contact Fina Trust Microfinance Bank for inquiries and support?
A) Only through physical mail
B) Phone, email, and social media
C) In-person visits to the head office
D) Only through fax
Answer: B) Phone, email, and social media
What is the maximum loan tenure for small business loans offered by Fina Trust Microfinance Bank?
A) 6 months
B) 1 year
C) 3 years
D) 5 years
Answer: C) 3 years
What is the official website of Fina Trust Microfinance Bank for online banking and information?
A) www.fina-trustmfb.com
B) www.nigerianmicrofinancebank.ng
C) www.mfbtrust.com
D) www.finafinance.ng
Answer: A) www.fina-trustmfb.com
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