Fina Trust Microfinance Bank Aptitude Test Past Questions and Answers

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