99+ Free CBN Aptitude Test Practice Questions

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<5% (Highly competitive) Pass Rate

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2026 Statistics

Key Facts: CBN Aptitude Test Exam

Free

Exam Fee

Central Bank of Nigeria recruitment policy

90 minutes

Time Limit

Typical duration for competitive aptitude tests

Highly Competitive

Difficulty

High volume of applicants for CBN roles

~80

Total Questions

Standard range for such aptitude tests

The CBN Recruitment Aptitude Test is a highly competitive, free-to-apply exam designed to select top talent for the Central Bank of Nigeria, assessing critical reasoning skills and knowledge of the Nigerian economy over a 90-minute period.

Sample CBN Aptitude Test Practice Questions

Try these sample questions to test your CBN Aptitude Test exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 99+ question experience with AI tutoring.

1What is the primary objective of the Central Bank of Nigeria (CBN) as stipulated in its enabling act?

A.To manage the Nigerian Stock Exchange.

B.To ensure monetary and price stability.

C.To regulate commercial bank lending rates only.

D.To supervise all financial institutions in Nigeria.

Explanation: The primary objective of the CBN, as outlined in the CBN Act, is to ensure monetary and price stability. This involves controlling inflation and managing the value of the national currency to promote economic growth and maintain a stable financial system.

2A company's revenue increased by 15% in the first quarter and then decreased by 10% in the second quarter. If the initial revenue was NGN 2,000,000, what was the revenue at the end of the second quarter?

A.NGN 2,070,000

B.NGN 2,030,000

C.NGN 2,050,000

D.NGN 2,100,000

Explanation: First, the revenue increased by 15% from NGN 2,000,000, making it NGN 2,000,000 * 1.15 = NGN 2,300,000. Subsequently, it decreased by 10% from this new amount, resulting in NGN 2,300,000 * 0.90 = NGN 2,070,000.

3Choose the word that is most similar in meaning to "Prudent".

A.Reckless

B.Careless

C.Judicious

D.Extravagant

Explanation: Prudent means acting with or showing care and thought for the future, especially regarding money or resources. Judicious means having, showing, or done with good judgment or sense. Therefore, 'judicious' is the most similar in meaning to 'prudent.'

4All engineers are creative. Some managers are engineers. Based on these statements, which conclusion must be true?

A.All managers are creative.

B.Some creative people are not engineers.

C.Some managers are creative.

D.No manager is creative.

Explanation: From the statements 'All engineers are creative' and 'Some managers are engineers,' it logically follows that the managers who are engineers must also possess the quality of being creative. Therefore, 'Some managers are creative' is the only conclusion that must be true.

5Which of the following is NOT a primary tool used by the Central Bank of Nigeria (CBN) to implement monetary policy?

A.Open Market Operations (OMO).

B.Cash Reserve Ratio (CRR).

C.Interest Rate on Deposits.

D.Fiscal Policy.

Explanation: Fiscal policy, which involves government spending and taxation decisions, is primarily formulated and implemented by the Ministry of Finance and other executive bodies, not the Central Bank of Nigeria. The CBN is responsible for monetary policy tools that manage the money supply.

6The average score of 5 students in a test was 75. If one student who scored 85 is replaced by another student, the new average becomes 78. What was the score of the new student?

A.90

B.93

C.95

D.100

Explanation: The initial total score for 5 students was 5 * 75 = 375. After one student (who scored 85) is replaced, the new average is 78, meaning the new total score is 5 * 78 = 390. The difference in total scores is 390 - 375 = 15. This means the new student's score must be 15 points higher than the replaced student's score: 85 + 15 = 100.

7Choose the pair that best completes the analogy: "STUBBORN : YIELD :: _______ : _______"

A.FLEXIBLE : BEND

B.GREGARIOUS : ISOLATE

C.MALICIOUS : HARM

D.FRAGILE : BREAK

Explanation: The relationship between STUBBORN and YIELD is one of antonyms or opposing actions; a stubborn person refuses to yield. Similarly, GREGARIOUS means fond of company, while ISOLATE means to cause to remain alone. Therefore, GREGARIOUS and ISOLATE present an antonymous relationship, making it the best fit.

8During a period of persistent high inflation in Nigeria, what action is the Central Bank of Nigeria most likely to take regarding the Monetary Policy Rate (MPR)?

A.Decrease the MPR to stimulate borrowing.

B.Increase the MPR to curb money supply.

C.Keep the MPR constant to observe market reactions.

D.Introduce new currency denominations.

Explanation: To combat persistent high inflation, the CBN typically increases the Monetary Policy Rate (MPR). An increase in the MPR makes borrowing more expensive for commercial banks, which in turn reduces the overall money supply in the economy and helps to cool down inflationary pressures by reducing aggregate demand.

9A sum of NGN 50,000 is invested at a simple interest rate of 8% per annum. What is the interest earned after 3 years?

A.NGN 4,000

B.NGN 8,000

C.NGN 12,000

D.NGN 16,000

Explanation: Simple interest is calculated using the formula: Principal × Rate × Time. So, NGN 50,000 × 0.08 × 3 = NGN 4,000 (interest per year) × 3 = NGN 12,000.

10Read the passage and answer the question: "The recent downturn in global oil prices has significantly impacted Nigeria's economy, heavily reliant on crude oil exports for revenue. The government is exploring diversification strategies, particularly in agriculture and technology, to build a more resilient economic base. However, implementing these changes requires substantial investment and a long-term commitment, facing challenges such as inadequate infrastructure and bureaucratic hurdles." Which of the following inferences is most strongly supported by the passage?

A.Nigeria's economy will recover quickly once oil prices stabilize.

B.Diversification efforts are a guaranteed solution to Nigeria's economic challenges.

C.The current reliance on oil exports makes Nigeria vulnerable to global price fluctuations.

D.Investment in technology alone is sufficient for Nigeria's economic diversification.

Explanation: The passage explicitly states that Nigeria's economy is 'heavily reliant on crude oil exports for revenue' and that the downturn in global oil prices has 'significantly impacted' it. This directly supports the inference that reliance on oil makes the economy vulnerable to global price fluctuations.

About the CBN Aptitude Test Exam

The Central Bank of Nigeria (CBN) Recruitment Aptitude Test is a crucial screening examination for prospective employees seeking a career within Nigeria's apex financial institution. This high-stakes test assesses candidates' foundational cognitive abilities and knowledge pertinent to the financial sector and the Nigerian context. It typically covers key areas such as quantitative analysis, verbal logic, abstract reasoning, and a comprehensive understanding of Nigerian economic history and current affairs. Success in this aptitude test is a mandatory step towards further stages of the CBN's rigorous recruitment process.

Questions

80 scored questions

Time Limit

90 minutes

Passing Score

Highly competitive, percentile-based (top 5-10%)

Exam Fee

Free (Central Bank of Nigeria (CBN) and/or designated recruitment agencies (e.g., Phillips Consulting).)

CBN Aptitude Test Exam Content Outline

25%

Numerical Reasoning

This section evaluates your ability to interpret data, solve mathematical problems involving percentages, ratios, fractions, and financial concepts. Questions often involve charts, graphs, and tables requiring quick and accurate calculations.

25%

Verbal Reasoning

Tests your English language proficiency, including vocabulary, grammar, reading comprehension, and logical deduction from written passages. You'll encounter questions on analogies, sentence completion, and critical analysis of texts.

25%

Logical/Abstract Reasoning

Focuses on your capacity to identify patterns, solve abstract puzzles, and apply critical thinking to unfamiliar scenarios. This may include diagrammatic reasoning, sequence completion, and identifying the odd one out.

25%

Nigerian Economy & Current Affairs

Examines your knowledge of Nigeria's economic landscape, the functions and policies of the Central Bank of Nigeria, key historical economic events, and recent national and international current affairs relevant to Nigeria.

How to Pass the CBN Aptitude Test Exam

What You Need to Know

Passing score: Highly competitive, percentile-based (top 5-10%)
Exam length: 80 questions
Time limit: 90 minutes
Exam fee: Free

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

CBN Aptitude Test Study Tips from Top Performers

1Understand the Exam Format: Familiarize yourself with the number of sections, question types, and time limits.

2Practice Regularly: Consistent practice across all sections (numerical, verbal, logical, current affairs) is key.

3Time Management: Practice answering questions under timed conditions to improve speed and accuracy.

4Stay Updated on Current Affairs: Pay close attention to Nigerian economic news, CBN policies, and general national events.

5Review Basics: Brush up on fundamental math, grammar, and critical reasoning skills.

6Take Mock Tests: Simulate the actual test environment with full-length practice exams.

Frequently Asked Questions

What is the CBN Recruitment Aptitude Test?

It is a standardized assessment used by the Central Bank of Nigeria to screen applicants for various positions, evaluating their cognitive abilities and knowledge of the Nigerian economy.

Is there a fee to take the CBN Aptitude Test?

No, the aptitude test itself is typically free of charge as it is part of the job application process for the Central Bank of Nigeria.

What topics are covered in the CBN Aptitude Test?

The test generally covers Numerical Reasoning, Verbal Reasoning, Logical/Abstract Reasoning, and Nigerian Economy & Current Affairs.

How long is the CBN Aptitude Test and how many questions are there?

The test typically lasts for 1-2 hours (e.g., 90 minutes) and contains approximately 60-100 multiple-choice questions.

What is the passing score for the CBN Aptitude Test?

There isn't a fixed passing score; instead, it's highly competitive and often percentile-based. Candidates need to score among the top percentage to proceed to the next recruitment stage.

Can I retake the CBN Aptitude Test if I fail?

Generally, re-takes are not permitted within the same recruitment cycle. You would need to wait for a subsequent recruitment drive to re-apply.