Shepherd Trust Microfinance Bank Aptitude Test Questions and Answers

Shepherd Trust Microfinance Bank Aptitude Test Questions and Answers

Here are some questions you can practice;

What is the main focus of Shepherd Trust Microfinance Bank?

a) Agriculture

b) Healthcare

c) Education

d) Real Estate

Answer: a) Agriculture

In which country is Shepherd Trust Microfinance Bank headquartered?

a) Nigeria

b) Kenya

c) Ghana

d) South Africa

Answer: a) Nigeria

Which financial services does Shepherd Trust Microfinance Bank offer?

a) Savings accounts

b) Home mortgages

c) Investment banking

d) Credit cards

Answer: a) Savings accounts

What year was Shepherd Trust Microfinance Bank founded?

a) 2000

b) 2010

c) 2015

d) 2020

Answer: b) 2010

Who is the current CEO of Shepherd Trust Microfinance Bank?

a) John Smith

b) Jane Doe

c) Michael Johnson

d) Notable name

Answer: d) Notable name

What is the minimum deposit required to open a savings account at Shepherd Trust Microfinance Bank?

a) N1,000

b) N5,000

c) N10,000

d) N20,000

Answer: b) N5,000

Which type of loans does the bank offer for small businesses?

a) Personal loans

b) Mortgage loans

c) Business loans

d) Auto loans

Answer: c) Business loans

How many branches does Shepherd Trust Microfinance Bank have nationwide?

a) 5

b) 15

c) 30

d) 50

Answer: c) 30

Which regulatory body oversees the operations of Shepherd Trust Microfinance Bank in Nigeria?

a) CBN

b) SEC

c) NDIC

d) NAFDAC

Answer: a) CBN

What is the interest rate on their fixed deposit accounts?

a) 2%

b) 5%

c) 8%

d) 10%

Answer: c) 8%

What is the bank's tagline or slogan?

a) "Bank for All"

b) "Your Future, Our Priority"

c) "Where Dreams Begin"

d) "Making Life Easier"

Answer: b) "Your Future, Our Priority"

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

a) Insurance

b) Microloans

c) Money transfer

d) Wealth management

Answer: a) Insurance

How can customers access their accounts online with Shepherd Trust Microfinance Bank?

a) Mobile app

b) Internet banking

c) ATM

d) SMS banking

Answer: a) Mobile app

Which of the following is a social responsibility initiative by the bank?

a) Scholarship program

b) Environmental conservation

c) Healthcare for the elderly

d) Youth empowerment

Answer: d) Youth empowerment

What is the bank's customer support hotline?

a) 0800-123-456

b) 0800-789-101

c) 0708-765-4321

d) 0909-555-6789

Answer: c) 0708-765-4321

What is the minimum age requirement to open a savings account at Shepherd Trust Microfinance Bank?

a) 16 years

b) 18 years

c) 21 years

d) 25 years

Answer: b) 18 years

What type of interest is earned on their savings accounts?

a) Simple interest

b) Compound interest

c) Annual interest

d) Fixed interest

Answer: b) Compound interest

Which of the following is a subsidiary of Shepherd Trust Microfinance Bank?

a) Shepherd Insurance

b) Shepherd Foundation

c) Shepherd Properties

d) Shepherd Investments

Answer: b) Shepherd Foundation

What is the maximum tenure for a fixed deposit account at Shepherd Trust Microfinance Bank?

a) 6 months

b) 1 year

c) 2 years

d) 5 years

Answer: d) 5 years

Which industry sector does the bank primarily serve?

a) Information Technology

b) Telecommunications

c) Agriculture

d) Fashion

Answer: c) Agriculture