First bank of Nigeria Business Finance Manager Interview Questions and Answers

30 MCQ questions with 4 rounds

Q1. What is debt equity ratio and what does it signify ?
Ans. 
Debt equity ratio is a financial metric used to evaluate a company's financial leverage by comparing its total debt to total equity.
• Debt equity ratio = Total Debt / Total Equity

• It indicates the proportion of a company's financing that comes from debt compared to equity.

• A high debt equity ratio may indicate higher financial risk, while a low ratio may suggest a more conservative financial structure.

• Investors and credito...read more
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Q1. What do you know about settlements ?
Ans. 
Settlements refer to the process of finalizing financial transactions, typically involving the transfer of funds or assets between parties.
• Settlements can involve the payment of debts, legal disputes, or financial agreements.

• They can be done through various methods such as wire transfers, checks, or electronic payments.

• Settlements are often used in the context of mergers and acquisitions, where the terms of the deal ar...read more
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