21 Sep Insight About Bank Aptitude Tests
Test conducted online by banks with a mix of logical, verbal, and numerical questions are called as an aptitude test. You must administer such test to shortlist the right candidates for your bank. Yes, after clearing the test you must ask the candidate to come to the nearest assessment centre and ask them to take another test. This step is to validate their performance in person.
Why Should Bank Conduct Aptitude Test?
Applicants rush their resume for bank jobs. Banks must first eliminate the irrelevant profiles. Aptitude assessment test bankers help banks to accomplish this task. So bank should decide on some mark criteria based on the number of vacancies to shortlist profiles. Only a few profiles can be rejected outright. Many of them will match the qualification and skills as required by the bank. Hence an aptitude test can narrow down the candidates based on their scores.
How Should Bank Conduct This Test?
Representing banks, you should remember to maintain the quality of the test. Make sure to prepare the questions with utmost care so that even the top scorer in school must think twice to solve each question.
Many times candidates feel over confident about test and come without preparation. Also, they believe that due to huge vacancy they will get employed in a bank. But as a representative of the bank, you must make sure to maintain the quality of the test conducted.
Devise some rules to frame the questions. Have some ideas and plan each section in the test accordingly.
3 Kinds of Bank Aptitude Test–
Test To Check the Numerical Reasoning Ability
MCQ test papers with questions targeted to evaluate the mathematical reasoning ability of the candidate. Considering, the current trend in your bank and the banking industry, prepare questions with graphs and statistical tables.
Verbal Ability Testing
Give suitable passages based on current affairs and banking industry latest development. Ask the candidates to select the correct option from the choices given. This section can help you know about the applicant’s general knowledge and English skills.
Here you must give questions without using any text and data. Purely test candidate’s logical ability. Give some shapes and ask them to identify the pattern etc.
Modelling Test and Banks
Banks prefer giving model test to know the real fitment of a candidate to its job. Your model questions must be framed in such way that you provide them with some inputs about the bank, bank books, supply, demand details, etc. and ask them to analyse the data. Even applicants who answer all questions in the interview may fumble in a model test. This is due to the reason that they may lack the required banking skills. Hence, a mode test will help to find the ideal fit. Based on the performance of the candidate you can decide to hire him as just an associate or as an analyst.
Benefits of a Model Test Conducted Banks
You can identify the candidate who has the calibre to work with the complex accounting and financial terms. Candidate’s capability in structuring a model can be determined.
It will help understand about the ability of the applicant to work quickly and precisely. The pressure handling ability can be witnessed.
The most important task to work in banks involve knowing excel sheets. Excel modelling will show the right candidates who know how to work with excel and all formulas.