ARM Group Aptitude Test Past Questions and Answers

The Nigerian labor market is undeniably competitive. Every year, thousands of brilliant graduates flock to Lagos and other major cities, vying for a handful of positions in top-tier firms. Among the most coveted employers in the financial sector is the Asset & Resource Management Holding Company (ARM Group).

Getting an invitation to write the ARM aptitude test is a massive achievement in itself, but it is only the first hurdle. The difference between candidates who get the job and those who are sent a “regret mail” often boils down to preparation.

“Success is where preparation and opportunity meet.” – Bobby Unser

At Manny Spark, we believe that intelligence alone isn’t enough; you need strategy. This guide is designed to be your educational blueprint. We will look at what ARM does, where they are located, and most importantly, we will provide you with sample past questions from our complete N5,000 pack to help you practice.

Manny Spark Takeaway:

Do not wait until the night before the exam to start studying. The ARM test is known for being time-pressured. Early preparation using authentic past questions is your best leverage.

Who is ARM Group? (Location, History, and Services)

Before we dive into the mathematics and verbal reasoning, you must understand the company you are applying to. Knowing the company is often part of the interview and sometimes appears in the General Knowledge section of the test.

Asset & Resource Management (ARM) Group was established in 1994. Over the last three decades, it has evolved into a leading Nigerian non-bank financial institution.

Location and Headquarters

If you are invited for a physical assessment or an interview, you will likely be heading to their prestigious headquarters in Ikoyi.

• Head Office Address: 1 Mekunwen Road, Off Oyinkan Abayomi Drive, Ikoyi, Lagos, Nigeria.

This location is in the heart of Lagos’s commercial elite district. The environment represents the high standards and professionalism the company upholds.

[INSERT IMAGE: Map view or building exterior of ARM Group Headquarters in Ikoyi, Lagos]

What Does ARM Offer?

ARM is not just a “bank.” It is a diversified financial services powerhouse. Understanding their business units will show recruiters that you have done your homework.

When you work at ARM, you are not just an employee; you are a steward of people’s wealth.

The ARM Group Recruitment Process Explained

The journey to landing a job at ARM typically follows a structured four-stage process. Manny Spark has analyzed this pattern over the years to help you prepare for each stage.

1. Application Phase: You submit your CV and Cover Letter. Tip: Ensure your CV is ATS-compliant.

2. The Aptitude Test: This is the critical filter. It is usually a Computer Based Test (CBT). This is where 60% of candidates are eliminated.

3. Assessment Center: Successful candidates from the test are invited for case studies, group discussions, and presentations.

4. Final Interviews: A chat with HR and Senior Management to assess culture fit and technical knowledge.

Breakdown of the ARM Aptitude Test Format

The ARM aptitude test is designed to assess your cognitive abilities, speed, and accuracy. It is not necessarily about how much advanced math you know, but how quickly you can process information.

The test usually follows the GMAT or SHL format, depending on the recruitment vendor used for that year (Dragnet is also a possibility).

The Standard Sections Include:

• Numerical Reasoning: Tests your ability to interpret graphs, tables, and financial data. You will need to calculate percentages, ratios, and profit margins.

• Verbal Reasoning: Tests your ability to comprehend complex written information. You must distinguish between facts, inferences, and deductions.

• Abstract/Inductive Reasoning: Tests your ability to see patterns and shapes. This measures your problem-solving IQ.

• Current Affairs/General Knowledge: Questions about the Nigerian economy, world politics, and ARM history.

“The only way to learn mathematics is to do mathematics.” – Paul Halmos

Manny Spark Takeaway:

The test is a game of speed. You often have less than a minute per question. Our full N5,000 Past Question pack includes timed simulations to help you build this speed.

Why You Need the Manny Spark Past Questions Pack

You might be asking, “Why should I pay N5,000 for past questions?”

The answer is ROI (Return on Investment). The salary for an entry-level analyst or intern at ARM Group is significantly higher than the industry average, often accompanied by excellent bonuses and HMO benefits. Investing N5,000 to secure a career worth millions is a smart financial decision.

Benefits of the Manny Spark Pack:

• Authenticity: We collate questions from previous years.

• Detailed Solutions: We don’t just give you the answer; Dr. Manny explains how to get there.

• Convenience: Delivered instantly to your email or WhatsApp.

How to Get It:

• Price: N5,000

• Bank Name: (Contact us for details)

• Contact Dr. Manny:

  • Email: info@mannyspark.com (Recommended for fast response)

  • WhatsApp: 08039822082 OR 07062720516

  • Call: 0805655315

  • Telegram: @DocManny

Sample Past Questions: Numerical Reasoning

Below are samples from our comprehensive pack. Attempt these without a calculator first to test your brain power.

Instruction: select the correct answer from the options provided.

Question 1:

If the exchange rate of the Naira to the Dollar moves from N750/$1 to N1000/$1, by what percentage has the Naira depreciated in value relative to the Dollar cost?

A) 25%

B) 33.3%

C) 20%

D) 15%

Manny Spark Solution:

This is a trick question common in banking tests.

• Original Cost = N750

• New Cost = N1000

• Difference = 1000 – 750 = 250

• Percentage Increase in cost = (Difference / Original) x 100

• Calculation: $(250 / 750) \times 100$

• $1/3 \times 100 = 33.3\%$

Answer: B) 33.3%

Question 2:

ARM Pensions manages a fund of N500 Million. If they invest 40% in Equities, 30% in Bonds, and the remainder in Money Market instruments, how much is invested in Money Market instruments?

A) N100 Million

B) N150 Million

C) N200 Million

D) N250 Million

Manny Spark Solution:

• Total Fund = N500m

• Equities = 40%

• Bonds = 30%

• Total used = 40% + 30% = 70%

• Remainder for Money Market = $100\% – 70\% = 30\%$

• Calculation: $30\%$ of N500 Million

• $0.30 \times 500 = 150$

Answer: B) N150 Million

Question 3:

A trader buys a stock at N20.00. He sells it when the price rises by 15%. However, he has to pay a transaction fee of 2% on the selling price. What is his net profit?

A) N2.54

B) N2.95

C) N3.00

D) N2.00

Manny Spark Solution:

• Buy Price: N20.00

• Sell Price (before fee): $20 + (15\% \text{ of } 20) = 20 + 3 = N23.00$

• Transaction Fee: $2\% \text{ of } N23.00 = 0.02 \times 23 = N0.46$

• Net Selling Price: $23.00 – 0.46 = N22.54$

• Profit: $22.54 – 20.00 = N2.54$

Answer: A) N2.54

Sample Past Questions: Verbal Reasoning

Verbal reasoning tests your logic. Read the passages carefully. Do not use outside knowledge; rely only on the text provided.

Passage:

“Inflation in Nigeria has driven the cost of living up significantly. As a result, many young professionals are seeking remote work opportunities with foreign companies to earn in foreign currency. However, the government argues that brain drain and the focus on foreign employers weaken the local tax base and stifle domestic innovation.”

Question 4:

Based on the passage, the government believes that seeking foreign remote work is entirely beneficial for the Nigerian economy.

A) True

B) False

C) Cannot Say

Manny Spark Solution:

The passage explicitly states: “…the government argues that brain drain and the focus on foreign employers weaken the local tax base and stifle domestic innovation.”

Since “weaken” and “stifle” are negative outcomes, the government does not view it as entirely beneficial.

Answer: B) False

Question 5:

Which of the following statements is a valid inference based only on the text?

A) All young professionals in Nigeria are working for foreign companies.

B) Inflation is the sole cause of remote work.

C) Economic factors are influencing the career choices of Nigerian professionals.

D) The government is banning remote work.

Manny Spark Solution:

• A is too broad (“All”).

• B is too absolute (“Sole cause”).

• D is not mentioned in the text.

• C is supported by the text linking “Inflation” (an economic factor) to “seeking remote work” (career choice).

Answer: C) Economic factors are influencing the career choices of Nigerian professionals.

Question 6:

Choose the word or phrase that best completes the sentence.

Despite the team’s best efforts, the project was _______ due to a lack of funding.

A) Expedited

B) Terminated

C) Validated

D) Initiated

Manny Spark Solution:

The context “lack of funding” usually leads to a negative outcome. “Expedited” means sped up. “Validated” means approved. “Initiated” means started. “Terminated” means ended.

Answer: B) Terminated

Sample Past Questions: Abstract Reasoning

These questions usually involve shapes. Since this is a text blog, we will describe the logic.

Question 7:

Which number comes next in the series?

2, 6, 12, 20, 30, ?

A) 40

B) 42

C) 38

D) 44

Manny Spark Solution:

Look at the differences between the numbers:

• 6 – 2 = 4

• 12 – 6 = 6

• 20 – 12 = 8

• 30 – 20 = 10

• The pattern of difference is increasing by 2 (4, 6, 8, 10…).

• The next difference should be 12.

• $30 + 12 = 42$

Answer: B) 42

Question 8:

Complete the analogy:

Naira is to Nigeria as Cedi is to ________?

A) Togo

B) Benin

C) Ghana

D) Kenya

Manny Spark Solution:

This tests general knowledge relationships. The Naira is the currency of Nigeria. The Cedi is the currency of Ghana.

Answer: C) Ghana

Sample Past Questions: General Knowledge & Current Affairs

ARM expects you to know about the environment you will operate in.

Question 9:

Who is the current Governor of the Central Bank of Nigeria (CBN)?

(Note: Ensure you check the most current date, but as of the time of this writing…)

A) Godwin Emefiele

B) Olayemi Cardoso

C) Soludo Charles

D) Lamido Sanusi

Answer: B) Olayemi Cardoso (This is subject to change, always verify current affairs).

Question 10:

What does the acronym “GDP” stand for in economics?

A) General Domestic Product

B) Gross Domestic Profit

C) Gross Domestic Product

D) General Development Plan

Answer: C) Gross Domestic Product

Essential Study Tips for the ARM Test

At Manny Spark, we want you to succeed. Here are five educational tips to help you maximize your score.

1. Time Management is Key: You cannot spend 5 minutes on one math question. If a question looks too complex, mark it, move on, and come back if you have time. Our past question pack trains you to answer in 45 seconds or less.

2. Understand the “Why”: Don’t just memorize the answers to the questions above. Understand the formula. ARM might change the numbers, but the formula (e.g., percentage increase) remains the same.

3. Brush Up on Basic Math: Go back to your secondary school math. Review fractions, decimals, BODMAS, and basic algebra. These are the building blocks of the Numerical Reasoning section.

4. Read Business News: Read BusinessDay or Nairametrics. This improves your verbal reasoning regarding business terminology and helps with the essay section if there is one.

5. Sleep Well: The night before the test, do not pull an “all-nighter.” Your brain needs rest to process logic puzzles efficiently.

Manny Spark Takeaway:

Practice makes perfect. The candidates who pass are not always the smartest; they are the ones who have seen the question types before and don’t panic.

How to Download the Full Package

You have seen the samples, but that is just the tip of the iceberg. The full ARM Group Aptitude Test Past Questions and Answers pack from Manny Spark contains hundreds of solved questions, covering:

• Advanced Data Interpretation.

• Critical Reasoning logic chains.

• Full-length mock tests to simulate the exam environment.

• Current Affairs updates for 2024/2025.

The Cost:

The investment for your future is only N5,000.

Step-by-Step Payment & Download Guide:

1. Decide to Win: Commit to your success today.

2. Contact Us: Reach out to Dr. Manny to get the correct account details.

   • Email: info@mannyspark.com (We recommend you mail us for fast response).

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3. Make Payment: Transfer the sum of N5,000.

4. Receive Your Pack: Once payment is confirmed, the PDF material is forwarded to your email or WhatsApp immediately.

Don’t let N5,000 stand between you and a salary of N250,000+ per month.

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