Polaris Bank Recruitment Exam Questions and Answers

Polaris Bank Recruitment Exam Questions and Answers

Here are recruitment questions for Polaris Bank in Nigeria, along with multiple-choice options and the correct answers:

Which of the following is not a core value of Polaris Bank?

a) Integrity

b) Innovation

c) Professionalism

d) Profitability

Answer: d) Profitability

What year was Polaris Bank established?

a) 1999

b) 2002

c) 2005

d) 2018

Answer: c) 2005

The head office of Polaris Bank is located in which city?

a) Lagos

b) Abuja

c) Port Harcourt

d) Kano

Answer: a) Lagos

Polaris Bank is licensed by which regulatory body?

a) Central Bank of Nigeria (CBN)

b) Securities and Exchange Commission (SEC)

c) Nigerian Deposit Insurance Corporation (NDIC)

d) National Pension Commission (PenCom)

Answer: a) Central Bank of Nigeria (CBN)

Which of the following services does Polaris Bank not offer?

a) Retail Banking

b) Corporate Banking

c) Investment Banking

d) Telecommunication Services

Answer: d) Telecommunication Services

What is the minimum educational qualification required for entry-level positions at Polaris Bank?

a) High School Diploma

b) Bachelor's Degree

c) Master's Degree

d) Ph.D.

Answer: b) Bachelor's Degree

Polaris Bank provides a range of digital banking solutions, including:

a) ATMs and branches only

b) Mobile banking app and online banking

c) Phone banking and mail-in services

d) In-person transactions only

Answer: b) Mobile banking app and online banking

What is the maximum number of directors allowed on Polaris Bank's Board?

a) 5

b) 7

c) 9

d) 11

Answer: c) 9

Which of the following is not a subsidiary of Polaris Bank?

a) Polaris Asset Management Limited

b) Polaris Nominees Limited

c) Polaris Capital Limited

d) Polaris Securities Limited

Answer: c) Polaris Capital Limited

Polaris Bank operates in how many African countries, excluding Nigeria?

a) 2

b) 4

c) 6

d) 8

Answer: a) 2

Polaris Bank's logo consists of which colors?

a) Blue and Red

b) Green and Yellow

c) Black and White

d) Purple and Orange

Answer: b) Green and Yellow

Which of the following is not a type of account offered by Polaris Bank?

a) Current Account

b) Savings Account

c) Fixed Deposit Account

d) Travel Voucher Account

Answer: d) Travel Voucher Account

Polaris Bank is a member of which banking group?

a) Access Bank Group

b) Zenith Bank Group

c) Diamond Bank Group

d) Skye Bank Group

Answer: a) Access Bank Group

Polaris Bank's headquarters building is known as:

a) Polaris Towers

b) Unity Tower

c) Heritage Building

d) Iconic Center

Answer: c) Heritage Building

What is the maximum tenure of a fixed deposit account offered by Polaris Bank?

a) 1 year

b) 3 years

c) 5 years

d) 10 years

Answer: c) 5 years

Which of the following is not a channel through which customers can access Polaris Bank's services?

a) Mobile banking app

b) ATM

c) Branches

d) Postal mail

Answer: d) Postal mail

Polaris Bank provides specialized banking services for which sector?

a) Agriculture

b) Manufacturing

c) Hospitality

d) Education

Answer: a) Agriculture

The Polaris Rainbow Children's Account is designed for children up to what age?

a) 12 years

b) 16 years

c) 18 years

d) 21 years

Answer: b) 16 years

Which of the following is not a department within Polaris Bank?

a) Marketing

b) Risk Management

c) Human Resources

d) Engineering

Answer: d) Engineering

Polaris Bank offers a mortgage loan product for individuals interested in:

a) Buying a car

b) Starting a business

c) Purchasing a house

d) Funding education

Answer: c) Purchasing a house