SAMPLE QUESTIONS OF NIGERIAN STOCK EXCHANGE APTITUDE TEST STUDY QUESTIONS AND ANSWERS

The secret to success in business is entrepreneurial spirit at all levels of the company. Employees who are identified as entrepreneurs in their own right are more motivated –their own financial success becomes integrated with the company's. Those who are oriented towards personal entrepreneurship will work long hours to develop their own tried-and-tested business practices and strategies, contributing as willing partners to the achievements of the company as a whole.
Orientation and value-formation training can induce this kind of thinking in new staff recruits, inculcating the notion of how quickly it is possible to achieve financial security through hard work and innovative business approaches, combined with the impression that to miss out on opportunities for such rapid economic and social advancement would be at best unwise and at worst catastrophic.

1. Employees instilled with the idea of personal entrepreneurship will be less
willing to contribute to the success of the company as a whole.
A. True 
B. False 
C. Cannot say

2. New staff members can be indoctrinated with the virtues of entrepreneurship.
A. True 
B. False 
C. Cannot say

3. Assume that the percentage change trends between the Current Year and Next Year
continue at the same rate for a subsequent year. What’s the subsequent year’s average
entry level graduate salary across the 5 sectors (to the nearest £500)?
(A) £28,000
(B) £28,500
(C) £29,000
(D) £29,500
(E) Can’t tell from data
4. In Year 3 a company paid the average entry graduate starting salaries when recruiting 15
graduates for a consultancy role and 6 graduates for a research role. What was the
average salary per recruited graduate?
(A) £26,000
(B) £26,114
(C) £26,429
(D) £26,500
(E) £27,000

5. Which sector has seen the smallest percentage increase in graduate entry level salary
between Year 2 and the Current Year?
(A) Engineering
(B) Research
(C) Consulting
(D) Legal
(E) Accounting

6. Which of the following is a characterization of the Efficient Markets Hypothesis?
A. Markets efficiently incorporate all public information, which consequently
renders beating the market impossible.
B. The stock market in the U.S. outperforms every other stock market in the
world.
C. Stocks earn a higher return than bonds, because they are riskier investments.
D. The Efficient Markets Corporation should be included in the S&P500 index.

7. What is the Head and Shoulders pattern?
A. A frequent pattern in the academic publication process.
B. A synonym for a Random Walk process.
C. A pattern from the technical analysis of stock prices predicting a sharp price
downturn, which does however not prove to be a powerful, short-run
opportunity.
D. It is the pattern that is the core of the most profitable stock market
investment strategy, which has consistently outperformed every other
investment strategy during the past 50 years.

8. The department who is appointed by the bond holders as the representative or monitor of bonds is considered as
A. trustee
B. trust department
C. monitoring department
D. indenture department

9. The financial securities which are issued to finance government expenditures and national debt are classified as
A. treasury notes and bonds
B. contraction bonds
C. expansion bonds
D. dollar bonds

10. The marginal income tax rate is 35% and before tax rate of return is 12.5% then the after tax rate of return is
A. 6.13%
B. 7.13%
C. 8.13%
D. 9.13%