LOTUS Bank Entry Level Programme Past Questions and Answers

The LOTUS Bank Entry Level Programme is one of the most competitive recruitment processes in Nigeria. Every year, thousands of applicants apply for graduate trainee and entry-level roles within the bank. To select the best candidates, the bank uses an online aptitude test that evaluates candidates across numerical reasoning, verbal reasoning, logical reasoning, and basic financial knowledge.

This article provides updated and realistic LOTUS Bank Entry Level Programme Past Questions and Answers to help you prepare ahead and increase your success chances.

About the LOTUS Bank Entry Level Programme Test

Candidates are typically tested in four main areas:

• Numerical reasoning
• Verbal reasoning
• Logical/abstract reasoning
• General knowledge & basic banking awareness

The test is usually timed, with about 50–60 questions to be answered in 45–60 minutes depending on the year.
 

SECTION 1: NUMERICAL REASONING (PAST QUESTIONS)
 

Question 1

A customer deposits ₦350,000 at a profit rate of 10% per year. How much will the customer have after one year?

Answer:

10% of 350,000 = 35,000

Total = ₦385,000
 

Question 2

Find the percentage increase from 80 to 100
 

Answer:

Increase = 20

20/80 × 100 = 25%
 

Question 3

A staff receives a salary of ₦180,000 and spends 35% on transportation. How much does he spend?

Answer: 0.35 × 180,000 = ₦63,000

Question 4

If a loan of ₦500,000 attracts 12% interest annually, what is the total repayment after 2 years (simple interest)?

Answer:

Interest per year = 12% × 500,000 = 60,000

2 years = 120,000

Total = ₦620,000

Question 5

A train travels 240 km in 3 hours. What is its average speed?

Answer: Speed = distance/time = 240 ÷ 3 = 80 km/h

SECTION 2: VERBAL REASONING (PAST QUESTIONS)
 

Question 6

Choose the word that is most similar in meaning to “Candid”:

A. Secretive

B. Honest

C. Confused

D. Aggressive

Answer: B – Honest
 

Question 7

Select the word that is opposite in meaning to “Scarce”:

A. Rare

B. Plentiful

C. Important

D. Needed

Answer:B – Plentiful

Question 8

Fill in the blank:

“Despite the heavy rain, the match was ________.”

A. Postponed

B. Cancelled

C. Continuing

D. Ongoing

Answer: D – Ongoing

Question 9

Identify the error:

“Each of the employees were given a bonus.”

Answer: “Each” takes a singular verb.

Correct sentence: Each of the employees was given a bonus.

Question 10

Choose the most suitable completion:

“Having worked all night, Chidi was too tired ________.”

A. To continue

B. That he left

C. For continue

D. Continue to

Answer: A – To continue

SECTION 3: LOGICAL / ABSTRACT REASONING
 

Question 11

Which number completes the series?

3, 6, 12, 24, ?

Answer: Double each number. Next = 48

Question 12

Find the odd one out:

Circle, Square, Rectangle, Triangle

Answer: Circle (only shape without straight sides)

Question 13

If ALL cats are animals and SOME animals are wild, which is correct?

A. All cats are wild

B. Some cats are wild

C. No cat is wild

D. Some animals are cats

Answer: D – Some animals are cats (logically true)

Question 14

What comes next in the pattern?

⬜⬜⬛⬛⬜⬜⬛⬛ …
 

Answer:

Repeats two white, two black

Next = ⬜⬜
 

Question 15

A is taller than B, B is taller than C. Which statement is true?

Answer: A is the tallest.

SECTION 4: GENERAL KNOWLEDGE / BANKING AWARENESS

Question 16

What type of bank is LOTUS Bank?

A. Microfinance Bank

B. Commercial Bank

C. Non-Interest (Islamic) Bank

D. Development Bank

Answer: C – LOTUS Bank is a Non-Interest/Islamic Bank
 

Question 17

The primary function of a bank is to:

A. Print money

B. Accept deposits and give loans

C. Run elections

D. Manage tax collection

Answer: B – Accept deposits and give loan

Question 18

What is the CBN’s main tool for controlling inflation?

A. NDIC

B. MPR (Monetary Policy Rate)

C. Treasury Bills

D. CRR

Answer: B – MPR

Question 19

What does BVN stand for?

Answer: Bank Verification Number

Question 20

Which of the following is NOT a mobile payment channel?

A. USSD

B. POS

C. ATM

D. Email

Answer: D – Email

How to Pass LOTUS Bank Entry Level Programme Test

• Practice daily (speed is important).
• Master basic percentages and ratios.
• Improve English comprehension skills.
• Revise logical reasoning patterns.
• Learn basic banking terms and financial system structure.
• Stay calm during the test—time management is key.