Asset management

About this practice suite

This suite prepares candidates for asset management selection in the finance, accounting, banking, and insurance sector with 5 skill areas: numerical reasoning, situational judgment, critical thinking, attention and concentration and data interpretation. Every question was written by Novus editors for this suite — none are taken from live or leaked exams — and the full bank holds 52 scored questions across three modes, plus 8 reserve questions used to vary repeat attempts. Answer keys never ship to the browser: your answers are scored server-side, and results stay on your device.

Skills this suite practises

• Numerical reasoning — Arithmetic, fractions, percentages, ratios, rates, estimation, word problems, and number relationships.
• Situational judgment — Evaluating workplace responses against role-relevant principles.
• Critical thinking — Evaluating evidence, assumptions, arguments, credibility, and alternative explanations.
• Attention and concentration — Sustained focus, selective attention, and accuracy under time pressure.
• Data interpretation — Tables, charts, graphs, dashboards, trends, comparisons, and evidence-based conclusions.

Sample questions from the guided bank

Two of the 10 guided-practice questions, shown exactly as they appear in a session. Answers and explanations are not printed here — keys stay on the server — so open guided practice to answer them and see how you did.

1. An investment policy statement (IPS) for a managed mandate primarily documents:

   • A. The portfolio manager's weekend hobbies
   • B. Objectives, constraints, risk tolerance, and permitted asset ranges
   • C. Commercial loan covenants for a bank borrower
   • D. Insurance claim settlement authority

2. A client asks you to buy a concentrated speculative stock that breaches the IPS equity single-name limit. Best?

   • A. Buy it quietly and fix the IPS later
   • B. Ignore the IPS if the idea 'feels good'
   • C. Decline the trade as out of mandate; discuss a formal IPS amendment if appropriate
   • D. Hide the position in a related personal account

Practice modes and timing

Guided practice is untimed-feeling and instructional; the mini-test is a short timed check; the full simulation mirrors a complete sitting. All three draw on separate question sets, so moving up a mode never repeats what you practised.

Study outline

Read the study outline for this suite’s skills, timings, and recommended lessons on one printable page, or download its standalone HTML file. The printable page can also be saved as a PDF from your browser.