CBN Past Questions and Answers | PDF Download (Latest Edition)

CBN Past Questions and Answers: Are you preparing for the Central Bank of Nigeria (CBN) recruitment aptitude test? Do you want to pass the CBN exam easily and secure your dream job at one of Nigeria’s top financial institutions? If so, this article is specifically designed for you. Here, you will find comprehensive information about the CBN Past Questions and Answers PDF, including the exam structure, sample questions, and instructions on how to download the latest version to aid your preparation. Over 80% of the questions in the actual CBN aptitude test are either repeated or adapted from these past questions.

About the CBN Recruitment Exam

The Central Bank of Nigeria (CBN) regularly conducts recruitment exercises to hire qualified candidates for various departments, such as administration, accounting, and IT. To select the best applicants, the CBN uses a computer-based aptitude test organized by Dragnet Solutions. The exam assesses reasoning abilities, numerical skills, and current affairs knowledge. With thousands of applicants each year, only a few succeed. The key to success is studying the verified CBN Past Questions and Answers PDF.

Sample CBN Past Questions and Answers (2025 Updated Edition)

English Language / Verbal Reasoning

1. Choose the correct option to complete the sentence:
The new CBN governor is determined to ______ inflation.
A. control
B. increase
C. magnify
D. create

✅ Answer: A. control

2. Choose the word opposite in meaning to transparent:
A. Clear
B. Opaque
C. Visible
D. Honest

✅ Answer: B. Opaque

Quantitative Reasoning / Mathematics

3. Simplify: (12 + 8) ÷ 4 × 2
A. 5
B. 10
C. 8
D. 6

✅ Answer: B. 10

4. A bank customer deposits ₦500,000 at 10% per annum simple interest. How much interest will be owed after 3 years?
A. ₦15,000
B. ₦20,000
C. ₦30,000
D. ₦50,000

✅ Answer: C. ₦30,000

Logical Reasoning

5. All bankers are intelligent.
Some intelligent people are not honest.
Which of the following conclusions is correct?
A. All bankers are honest
B. Some bankers may not be honest
C. No banker is intelligent
D. All honest people are bankers

✅ Answer: B. Some bankers may not be honest

General Knowledge / Current Affairs

6. Who is the current Governor of the Central Bank of Nigeria (as of 2025)?
A. Godwin Emefiele
B. Olayemi Cardoso
C. Kingsley Moghalu
D. Lamido Sanusi

✅ Answer: B. Olayemi Cardoso

7. The Central Bank of Nigeria was established in which year?
A. 1956
B. 1958
C. 1960
D. 1963

✅ Answer: B. 1958

Professional Knowledge (Economics / Finance)

8. The primary objective of monetary policy is to:
A. Increase taxation
B. Maintain price stability
C. Promote inflation
D. Expand government expenditure

✅ Answer: B. Maintain price stability

9. Which of these is a function of the CBN?
A. Regulating commercial banks
B. Selling consumer goods
C. Granting personal loans to individuals
D. Running private businesses

✅ Answer: A. Regulating commercial banks

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