2026 Graduate Trainee Exams /49 Thank you for taking the Exam. Wish you Good Luck ! 2026 Graduate Trainee Exams Trainee Candidate Info 1 / 49 Category: Quantitative Reasoning Section Every business organization operating in Nigeria must pay V.A.T (Value Added Tax) of 17.5% on the profit they make for the product they sell or service they render. However, if your organization is registered with VISCO Tax company you will be partly exempted from paying V.A.T on your goods or services. Every business organization registered with VISCO pays a tax of 15%. Using the table below that shows income for June 2013, solve Question 1 – 5 Company Name Durables (₦) Perishables (₦) Services (₦) Annex & Co 150,000 175,000 50,000 Bisco Solutions 125,000 180,000 25,000 Casper Nig. Ltd. 85,000 200,000 40,000 How much V.A.T will Annex and Co pay for V.A.T for its services if it is registered with VISCO Tax Company and it made a profit of 10% for the month of June. A. N 1050 B. N 950 C. N 850 D. N 750 E. N 650 2 / 49 Category: Quantitative Reasoning Section Every business organization operating in Nigeria must pay V.A.T (Value Added Tax) of 17.5% on the profit they make for the product they sell or service they render. However, if your organization is registered with VISCO Tax company you will be partly exempted from paying V.A.T on your goods or services. Every business organization registered with VISCO pays a tax of 15%. Using the table below that shows income for June 2013, solve Question 1 – 5 Company Name Durables (₦) Perishables (₦) Services (₦) Annex & Co 150,000 175,000 50,000 Bisco Solutions 125,000 180,000 25,000 Casper Nig. Ltd. 85,000 200,000 40,000 Bisco Solutions is not registered with VISCO Tax Company, and it made a profit that is half its perishable income. How much V.A.T would Bisco pay for its perishable goods. A. N 14,000 B. N 15,000 C. N 15,300 D. N 15,500 E. N 16,000 3 / 49 Category: Quantitative Reasoning Section Every business organization operating in Nigeria must pay V.A.T (Value Added Tax) of 17.5% on the profit they make for the product they sell or service they render. However, if your organization is registered with VISCO Tax company you will be partly exempted from paying V.A.T on your goods or services. Every business organization registered with VISCO pays a tax of 15%. Using the table below that shows income for June 2013, solve Question 1 – 5 Company Name Durables (₦) Perishables (₦) Services (₦) Annex & Co 150,000 175,000 50,000 Bisco Solutions 125,000 180,000 25,000 Casper Nig. Ltd. 85,000 200,000 40,000 If all three Companies was owned by ABC & Co Nig Ltd and ABC is registered with VISCO Tax Company. How much V.A.T would ABC & Co pay for its services if it made a profit of 40% A. N 17,250 B. N 17,000 C. N 16,500 D. N 16,250 E. N 16,000 4 / 49 Category: Quantitative Reasoning Section Every business organization operating in Nigeria must pay V.A.T (Value Added Tax) of 17.5% on the profit they make for the product they sell or service they render. However, if your organization is registered with VISCO Tax company you will be partly exempted from paying V.A.T on your goods or services. Every business organization registered with VISCO pays a tax of 15%. Using the table below that shows income for June 2013, solve Question 1 – 5 Company Name Durables (₦) Perishables (₦) Services (₦) Annex & Co 150,000 175,000 50,000 Bisco Solutions 125,000 180,000 25,000 Casper Nig. Ltd. 85,000 200,000 40,000 Casper made service income without incurring any cost in service provision. If Casper is registered with VISCO Tax Company. How much V.A.T would it pay. A. N 3000 B. N 4000 C. N 5000 D. N 5,500 E. N 6000 5 / 49 Category: Quantitative Reasoning Section Every business organization operating in Nigeria must pay V.A.T (Value Added Tax) of 17.5% on the profit they make for the product they sell or service they render. However, if your organization is registered with VISCO Tax company you will be partly exempted from paying V.A.T on your goods or services. Every business organization registered with VISCO pays a tax of 15%. Using the table below that shows income for June 2013, solve Question 1 – 5 Company Name Durables (₦) Perishables (₦) Services (₦) Annex & Co 150,000 175,000 50,000 Bisco Solutions 125,000 180,000 25,000 Casper Nig. Ltd. 85,000 200,000 40,000 How much would Annex & Co pay for V.A.T for its Durable goods income if it is not registered with VISCO Tax Company. Profit for June for Durable goods is 100,000 A. N 12,800 B. N 14,000 C. N 17,000 D. N 18,280 E. N 19,000 6 / 49 Category: Uncategorized Some proverbs/idioms are given below together with their meanings. Choose the correct meaning of the proverb/idiom. 6) To smell a rat is to. A. see signs of plague epidemic B. perceive the Odor of a dead rat C. be in a bad mood D. suspect foul dealings 7 / 49 Category: Uncategorized What is the main objective of investing in stocks? A. To avoid taxes B. To reduce inflation completely C. To earn returns through capital appreciation and dividends D. To increase government revenue E. To control exchange rates 8 / 49 Category: Uncategorized Which gas do plants absorb from the atmosphere? A. Oxygen B. Nitrogen C. Carbon Dioxide D. Hydrogen E. Helium 9 / 49 Category: Uncategorized What is the hardest natural substance? A. Gold B. Iron C. Diamond D. Silver E. Copper 10 / 49 Category: Uncategorized If Mr. Chukwuma deposited a million naira in a fixed deposit account for 5 years at 25% interest per annum, what will his cash out be upon withdrawal? A. 1.25 million naira B. 2.05 million naira C. 2.25 million naira D. 1.95 million naira E. 3.00 million naira 11 / 49 Category: Uncategorized The corporation charged with the duty to protect the banking system from instability occasioned by runs and loss of depositors' confidence in Nigeria is A. CBN B. Ministry of Finance C. FIRS D. NDIC E. SEC 12 / 49 Category: Verbal Reasoning & English Language Section A Some proverbs/idioms are given below together with their meanings. Choose the correct meaning of the proverb/idiom. To cry wolf is to. A. listen eagerly B. give false alarm C. turn pale D. keep off starvation E. Courageous 13 / 49 Category: Verbal Reasoning & English Language Section A Some proverbs/idioms are given below together with their meanings. Choose the correct meaning of the proverb/idiom. To cry wolf is to. A. listen eagerly B. give false alarm C. turn pale D. keep off starvation E. to run 14 / 49 Category: Verbal Reasoning & English Language Section B Hours of driving laid ahead of us. A. laid B. have lain C. lay D. has lay E. lie 15 / 49 Category: Verbal Reasoning & English Language Section B By the time we get to the picnic area, the rain will stop. A. will stop B. shall stop C. will has stopped D. shall have stopped E. will have stopped 16 / 49 Category: Verbal Reasoning & English Language Section B If Judy would not have missed the deadline, the yearbook delivery would have been on time. A. would not have missed B. should have not missed C. wouldn't have missed D. had not missed E. would have not missed 17 / 49 Category: Verbal Reasoning & English Language Section B Only after I went home did I remember my dental appointment. A. went home B. had went home C. had gone home D. gone home E. should go home 18 / 49 Category: Verbal Reasoning & English Language Section B The book lay open at page 77. A. lay open B. laid open C. lied open D. lain open E. was laid open 19 / 49 Category: Verbal Reasoning & English Language Section B By this time next year Johanna will begin classes at the University of Colorado. A. will begin classes B. will have begun classes C. has began classes D. should begin classes E. should have begun classes 20 / 49 Category: Verbal Reasoning & English Language Section B After comparing my air conditioner with the one on sale, I decided that mine was the most efficient A. was the most efficient. B. should be the most efficient. C. was the more efficient. D. was, by far the most efficient E. should be considered the most efficient. 21 / 49 Category: Verbal Reasoning & English Language Section B I would have liked to have gone swimming yesterday. A. to have gone swimming B. to go swimming C. to had gone swimming D. to go to swim 22 / 49 Category: Verbal Reasoning & English Language Section B I wish I read the chapter before I tried to answer the questions. A. read the chapter B. would read the chapter C. should of read the chapter D. could have read the chapter E. had read the chapter 23 / 49 Category: Verbal Reasoning & English Language Section B Nathanael West said that he'd never have written his satirical novel if he had not visited Hollywood. A. have written his B. would have written his C. could of written his D. could have written his E. should of written his 24 / 49 Category: General Knowledge & Current Affairs Who is the current Secretary-General of the United Nations? A. António Guterres B. Ban Ki-moon C. Kofi Annan D. Tedros Ghebreyesus E. Ursula von der Leyen 25 / 49 Category: General Knowledge & Current Affairs What is the capital city of Canada? A. Toronto B. Vancouver C. Ottawa D. Montreal E. Calgary 26 / 49 Category: General Knowledge & Current Affairs What does GDP stand for? A. Gross Domestic Product B. General Domestic Profit C. Gross Development Plan D. Government Development Product E. General Distribution Process 27 / 49 Category: General Knowledge & Current Affairs Which company owns LinkedIn? A. Google B. Apple C. Amazon D. Microsoft E. Meta 28 / 49 Category: General Knowledge & Current Affairs Which planet is known as the Red Planet? A. Venus B. Mars C. Jupiter D. Mercury E. Saturn 29 / 49 Category: General Knowledge & Current Affairs Who wrote “Things Fall Apart”? A. Wole Soyinka B. Chimamanda Adichie C. Chinua Achebe D. Cyprian Ekwensi E. Ben Okri 30 / 49 Category: General Knowledge & Current Affairs Which continent is the largest by land mass A. Africa B. Europe C. Asia D. North America E. Australia 31 / 49 Category: General Knowledge & Current Affairs Which country hosted the 2022 FIFA World Cup? A. Russia B. USA C. Qatar D. Germany E. Brazil 32 / 49 Category: General Knowledge & Current Affairs What is the largest ocean in the world? A. Atlantic Ocean B. Indian Ocean C. Arctic Ocean D. Pacific Ocean E. Southern Ocean 33 / 49 Category: General Knowledge & Current Affairs Who is the current Minister of Power in Nigeria? A. Bosun Tijani B. Joseph Tegbe C. Adebayo Adelabu D. Wale Edun E. Dele Alake 34 / 49 Category: General Knowledge & Current Affairs Who is the current Minister of Finance in Nigeria? A. Wale Edun B. Zainab Ahmed C. Taiwo Oyedele D. Taiwo Alabi E. Lamido Sanusi 35 / 49 Category: General Knowledge & Current Affairs In Nigeria, JOHESU is known as A. Joint Officials of Health Sector Unions B. Joint Officers of Health Sector Unions C. Joint Health Sector Unions D. Joint Official Health Sector Unions E. Joint Organization of Health Service Units 36 / 49 Category: General Knowledge & Current Affairs A policy of the Federal Government under the Buhari administration which aims to reward people for reporting financial crimes is A. Anchor Borrower Scheme B. N-Report Policy C. Neighborhood Watch D. Whistle Blower Policy E. Trader Moni 37 / 49 Category: Financial Markets & Investment Knowledge Which Nigerian institution regulates the capital market? A. CBN B. NDIC C. SEC D. EFCC E. PENCOM 38 / 49 Category: Financial Markets & Investment Knowledge A bear market refers to: A. Rising market prices B. Declining market prices C. Stable economy D. High dividends E. Increased IPOs 39 / 49 Category: Financial Markets & Investment Knowledge Which of the following is a money market instrument? A. Shares B. Treasury bills C. Real estate D. Land E. Preference shares 40 / 49 Category: Financial Markets & Investment Knowledge Dividends are: A. Bank charges B. Company taxes C. Profit distributed to shareholders D. Government subsidies E. Loan repayments 41 / 49 Category: Financial Markets & Investment Knowledge A bond represents: A. Ownership in a company B. A government or corporate debt instrument C. A type of insurance D. A savings account E. Foreign currency 42 / 49 Category: Financial Markets & Investment Knowledge Liquidity in the stock market refers to: A. Profit levels B. Ease of converting assets to cash C. Government regulation D. Interest rates E. Inflation rate 43 / 49 Category: Financial Markets & Investment Knowledge Which of the following professionals is licensed to buy and sell securities on behalf of investors? A. Accountant B. Broker C. Lawyer D. Auditor E. Economist 44 / 49 Category: Financial Markets & Investment Knowledge Which of the following is considered a low-risk investment instrument? A. Penny Stocks B. Cryptocurrency C. Treasury Bills D. Venture Capital E. Equity Shares 45 / 49 Category: Business & Economics What is the full meaning of VAT? A. Value Added Tax B. Variable Added Tax C. Value Allocation Tax D. Verified Added Tax E. Volume Added Tax 46 / 49 Category: ICT & Computer Literacy Which of the following is NOT an operating system? A. Windows B. Linux C. MacOS D. Microsoft Word E. Ubuntu 47 / 49 Category: ICT & Computer Literacy What does LAN stand for? A. Large Area Network B. Local Access Node C. Local Area Network D. Linked Access Network E. Logical Area Network 48 / 49 Category: ICT & Computer Literacy Which of the following is an example of system software? A. MS Excel B. Windows C. Photoshop D. WhatsApp E. Chrome 49 / 49 Category: ICT & Computer Literacy Which device is used to store data permanently? A. RAM B. Cache Memory C. CPU D. Hard Disk Drive E. Register Anonymous feedback Send feedback
