Ab Microfinance Bank Past Questions And Answers

Ab Microfinance Bank Past Questions And Answers

Here are 20 multiple-choice questions about AB Microfinance Bank:

AB Microfinance Bank is primarily focused on providing financial services to:

a) Individuals

b) Corporations

c) Government entities

d) Non-profit organizations

Correct answer: a) Individuals

AB Microfinance Bank operates in which country?

a) Nigeria

b) Ghana

c) Kenya

d) South Africa

Correct answer: a) Nigeria

Which of the following is NOT a service offered by AB Microfinance Bank?

a) Savings accounts

b) Personal loans

c) Insurance policies

d) Mobile banking

Correct answer: c) Insurance policies

AB Microfinance Bank provides microloans to:

a) Startups

b) Large corporations

c) Small and medium-sized enterprises

d) Government agencies

Correct answer: c) Small and medium-sized enterprises

Which of the following is a core value of AB Microfinance Bank?

a) Innovation

b) Exclusivity

c) Profit maximization

d) Bureaucracy

Correct answer: a) Innovation

AB Microfinance Bank aims to promote financial inclusion by targeting:

a) High net worth individuals

b) Rural communities

c) International investors

d) Multinational corporations

Correct answer: b) Rural communities

The primary objective of AB Microfinance Bank is to:

a) Maximize shareholder value

b) Generate government revenue

c) Alleviate poverty

d) Expand globally

Correct answer: c) Alleviate poverty

AB Microfinance Bank's interest rates are typically:

a) Higher than market rates

b) Lower than market rates

c) Comparable to market rates

d) Fixed at 0%

Correct answer: a) Higher than market rates

AB Microfinance Bank operates through a network of:

a) Branches

b) ATMs

c) Online platforms only

d) Call centers

Correct answer: a) Branches

AB Microfinance Bank requires collateral for its loan products:

a) True

b) False

Correct answer: b) False

AB Microfinance Bank provides training and capacity-building programs to its clients:

a) True

b) False

Correct answer: a) True

AB Microfinance Bank's target market includes:

a) Only employed individuals

b) Only self-employed individuals

c) Both employed and self-employed individuals

d) Only retirees

Correct answer: c) Both employed and self-employed individuals

AB Microfinance Bank's customer deposits are insured by:

a) The World Bank

b) The International Monetary Fund (IMF)

c) The Nigeria Deposit Insurance Corporation (NDIC)

d) The Central Bank of Nigeria

Correct answer: c) The Nigeria Deposit Insurance Corporation (NDIC)

AB Microfinance Bank provides which of the following loan types?

a) Mortgage loans

b) Car loans

c) Business loans

d) All of the above

Correct answer: c) Business loans

AB Microfinance Bank is regulated by:

a) The African Development Bank (AfDB)

b) The International Finance Corporation (IFC)

c) The Central Bank of Nigeria

d) The United Nations (UN)

Correct answer: c) The Central Bank of Nigeria

AB Microfinance Bank's corporate social responsibility initiatives include:

a) Environmental sustainability programs

b) Education and healthcare initiatives

c) Community development projects

d) All of the above

Correct answer: d) All of the above

AB Microfinance Bank's loan repayment terms are typically:

a) Short-term (less than 1 year)

b) Medium-term (1-5 years)

c) Long-term (over 5 years)

d) Indefinite

Correct answer: b) Medium-term (1-5 years)

AB Microfinance Bank's mobile banking platform allows customers to:

a) Check account balances

b) Transfer funds

c) Pay bills

d) All of the above

Correct answer: d) All of the above

AB Microfinance Bank's interest rates are determined by:

a) The Board of Directors

b) The Nigerian Stock Exchange

c) The market forces of supply and demand

d) The International Monetary Fund (IMF)

Correct answer: c) The market forces of supply and demand

AB Microfinance Bank was founded in which year?

a) 1995

b) 2001

c) 2006

d) 2010

Correct answer: b) 2001.