Nova Merchant Bank Test Questions and Answers

Nova Merchant Bank Test Questions and Answers

Here are 20 multiple-choice questions about Nova Merchant Bank, along with options and answers for each:

What year was Nova Merchant Bank established?

A) 2009

B) 2010

C) 2011

D) 2012

Answer: A) 2009

Which of the following is not one of Nova Merchant Bank's core services?

A) Retail Banking

B) Investment Banking

C) Asset Management

D) Healthcare Services

Answer: D) Healthcare Services

Nova Merchant Bank is headquartered in which city?

A) Lagos

B) Abuja

C) Port Harcourt

D) Kano

Answer: A) Lagos

Who is the current Managing Director and CEO of Nova Merchant Bank?

A) John Doe

B) Jane Smith

C) Anye Anthony Okoronkwo

D) David Johnson

Answer: C) Anye Anthony Okoronkwo

Nova Merchant Bank is a financial institution based in which country?

A) South Africa

B) Nigeria

C) Ghana

D) Kenya

Answer: B) Nigeria

Which regulatory body supervises and regulates Nova Merchant Bank's operations in Nigeria?

A) Central Bank of Nigeria

B) Securities and Exchange Commission

C) Economic and Financial Crimes Commission

D) Nigerian Deposit Insurance Corporation

Answer: A) Central Bank of Nigeria

What is the primary focus of Nova Merchant Bank's investment banking services?

A) Retail lending

B) Wealth management

C) Corporate finance and advisory

D) Agricultural development

Answer: C) Corporate finance and advisory

Nova Merchant Bank offers financial solutions for which of the following sectors?

A) Agriculture

B) Telecommunications

C) Entertainment

D) All of the above

Answer: D) All of the above

Which of the following is not a subsidiary of Nova Merchant Bank?

A) Nova Asset Management

B) Nova Capital

C) Nova Insurance

D) Nova Finance

Answer: C) Nova Insurance

What is the minimum age requirement to open a Nova Merchant Bank savings account?

A) 16 years

B) 18 years

C) 21 years

D) 25 years

Answer: B) 18 years

Nova Merchant Bank offers trade finance solutions to support which types of businesses?

A) Startups

B) Small and medium enterprises (SMEs)

C) Multinational corporations

D) Non-profit organizations

Answer: B) Small and medium enterprises (SMEs)

Which of the following is NOT a type of account offered by Nova Merchant Bank?

A) Current Account

B) Fixed Deposit Account

C) Mobile Money Account

D) Savings Account

Answer: C) Mobile Money Account

What is the minimum balance required to maintain a Nova Merchant Bank savings account?

A) N1,000

B) N5,000

C) N10,000

D) N20,000

Answer: B) N5,000

Nova Merchant Bank's vision is to be the preferred financial solutions provider in Africa. True or False?

Answer: True

Which of the following is a core value of Nova Merchant Bank?

A) Innovation

B) Speed

C) Integrity

D) All of the above

Answer: D) All of the above

In which sector does Nova Merchant Bank provide investment banking services for renewable energy projects?

A) Education

B) Healthcare

C) Agriculture

D) Power and Infrastructure

Answer: D) Power and Infrastructure

Which of the following services is NOT offered by Nova Merchant Bank's asset management subsidiary?

A) Investment Advisory

B) Wealth Management

C) Real Estate Development

D) Mutual Funds

Answer: C) Real Estate Development

Nova Merchant Bank is committed to promoting sustainable development and environmental responsibility. True or False?

Answer: True

What is the official website of Nova Merchant Bank?

A) www.novamerchantbank.com

B) www.nmb.ng

C) www.novabank.com.ng

D) www.nova-financial.com

Answer: A) www.novamerchantbank.com

Which international credit rating agency assigned Nova Merchant Bank a "B" credit rating in 2022?

A) Fitch Ratings

B) Standard & Poor's

C) Moody's Investors Service

D) A.M. Best

Answer: A) Fitch Ratings