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How to ace financial reasoning tests

Those who are applying for a position in financial institutions or insurance firms need to appear for financial reasoning tests. These tests are different from psychometric tests but quite the same as numerical reasoning tests. Here are the bunch of tips to help you ace your next financial reasoning tests.

Step 1: Prepare for the test

If you want to improve your performance, you need to practice as many as financial reasoning tests as possible. Make sure to stick with your timings. The questions provided in these tests are confusing, so if you stuck on a question, simply move on to the easiest one. Pay attention to the question you find hardest and focus on your weaker areas as well.

Step 2: Use the right tools

Another way to ace your financial reasoning test is to use the right tools. For example use your own A4 rough paper, calculator, pens, and a good watch to monitor your time. It helps you to work more efficiently and help you during the tests.

Step 3: Master the basics

Financial reasoning tests rely on different concepts that can be easily memorized and reviewed. These include a wide assortment of charts, graphs and more. Reading complicated information from the charts, graphs and tables contribute to delayed response time, which is a common issue faced by many candidates. To familiarize yourself with all possible types of data presentations, you can read financial sections of daily newspaper and practice as many as sample tests.

Step 4: Focus on your weaker areas

This is one of the most effective strategies to improve your chance of passing. When you know your weaker areas, make sure to work on those. You can take a practice test to know the areas where you are facing difficulty. Once you know your weaker areas, you can practice those efficiently and will not face any problem during the tests.

Step 5: Understand the test instructions

This is one of the most important steps to consider when acing financial tests. Make sure to read the instructions carefully. Ensure how many questions you have to answer and how much time you have to answer them. Do an instant calculation how much time you are spending on each question. If you have spent more time on accessing each question, don’t panic. Take a deep breath and calm your nerves

Step 6: Look for experts who have passed FRT with flying colors

Although, this can be difficult for some but not impossible. You can interact with people who have scored well in these tests. You can ask them the challenges they’ve faced and also take guidance on how to prepare for these tests.

Step 7: Get a Good Night sleep

Good night sleep is very important to keep your mind relaxed the next day. So, without worrying about the test, make sure you get sound sleep. You can listen to good music, try some yoga poses that can help you to relax your senses. If you feel fresh the next day, you will be able to concentrate more on the tests.