Chartered Institute of Bankers of Nigeria (CIBN) Past Questions and Answers | PDF Download (Updated Edition)
Chartered Institute of Bankers of Nigeria (CIBN) Past Questions and Answers: Are you preparing for the Chartered Institute of Bankers of Nigeria (CIBN) professional examinations? Do you want to pass your CIBN exams once and for all—whether it’s ACIB, MCIB, or DCIB? If so, this article is specifically written for you. Here, you’ll find everything you need to know about the CIBN Past Questions and Answers PDF, including the exam structure, sample questions, and how to download the latest updated version for 2025 to enhance your preparation. It’s important to note that over 80% of the questions in the actual CIBN examinations are either repeats or adaptations of past questions.
About the CIBN Examination
The Chartered Institute of Bankers of Nigeria (CIBN) certifies qualified bankers and promotes ethical banking practices.
CIBN exams assess candidates’ knowledge in banking and finance and are divided into three categories:
1. Foundation Level
2. Intermediate Level
3. Chartered Level (Professional Stage)
Each level evaluates understanding of banking principles, economics, accounting, marketing, law, and financial management.
CIBN Exam Format and Subjects
The structure of the CIBN exam depends on your level of study.
Foundation Level
Covers the basics of banking and business, including:
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Principles of Banking
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Business Law
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Principles of Economics
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Business Communication
Intermediate Level
Focuses on practical and analytical knowledge, including:
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Banking Operations
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Financial Accounting
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Marketing of Financial Services
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Business and Corporate Law
Professional Level
For advanced candidates aiming for chartered status (ACIB), covering:
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Banking Regulation and Supervision
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Corporate Finance
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Ethics and Corporate Governance
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International Banking
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Strategic Management
Sample CIBN Past Questions and Answers (2025 Updated Edition)
Principles of Banking
1. Which of the following is NOT a function of a commercial bank?
A. Accepting deposits
B. Issuing currency notes
C. Providing loans
D. Discounting bills
✅ Answer: B. Issuing currency notes
2. The primary objective of liquidity management in banks is to:
A. Maximize profits
B. Maintain cash reserves to meet obligations
C. Increase interest rates
D. Avoid lending
✅ Answer: B. Maintain cash reserves to meet obligations
Financial Accounting
3. The double-entry principle states that:
A. Every transaction affects one account
B. Every debit has a corresponding credit
C. Cash is always involved in transactions
D. Only income and expenses are recorded
✅ Answer: B. Every debit has a corresponding credit
4. The profit and loss account is prepared to determine:
A. Assets and liabilities
B. Profit or loss for a given period
C. Cash flow only
D. Balance sheet position
✅ Answer: B. Profit or loss for a given period
Banking Regulation and Supervision
5. Which of the following is the regulatory body for banking in Nigeria?
A. NDIC
B. SEC
C. CBN
D. EFCC
✅ Answer: C. CBN
6. The CBN regulates banks through:
A. Monetary policy tools
B. Political influence
C. Market speculation
D. Private intervention
✅ Answer: A. Monetary policy tools
Business and Corporate Law
7. A contract becomes void when:
A. It is signed by both parties
B. It lacks consideration or legality
C. It is written in English
D. It involves two companies
✅ Answer: B. It lacks consideration or legality
Ethics and Corporate Governance
8. The main purpose of corporate governance is to:
A. Ensure profitability only
B. Promote transparency, accountability, and fairness
C. Empower shareholders to control management
D. Eliminate employees’ rights
✅ Answer: B. Promote transparency, accountability, and fairness
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