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These 10 free MS questions are organized by exam domain, so you can see how each part of the Morgan Stanley Assessment Test blueprint is tested. Reveal the answer and explanation under each question.
The figures below are the only data available. Regional revenue (EUR m) - North: FY23 412, FY24 468. South: FY23 305, FY24 291. A new pricing model was introduced across all regions at the start of FY24. Which verdict applies to the statement: 'The new pricing model caused North's revenue to increase'?
Correct answer: D - Cannot Say
A division's pre-tax margin moved from 24% in FY23 to 27% in FY24. Which statement is correct?
Correct answer: B - The margin rose by 3 percentage points, a relative rise of 12.5%
An assessment presents data across two tabs. TAB 1 - Income (EUR thousands): Division A FY24 revenue 18,600. TAB 2 - Employees (headcount): Division A FY24 average headcount 155. What was Division A's revenue per employee in FY24?
Correct answer: D - EUR 120,000
Two segments make up the whole of a business unit. Alpha: revenue EUR 900m at a 4% operating margin. Beta: revenue EUR 300m at a 12% operating margin. What is the combined operating margin?
Correct answer: A - 6%
A control states: 'If a trade breaches the position limit, it must be escalated to Risk before settlement.' A particular trade was escalated to Risk before settlement. Which conclusion necessarily follows?
Correct answer: C - No conclusion about a breach can be drawn
Eight tiles in a row follow one shared rule: each tile is rotated 90 degrees clockwise from the tile before it and gains one additional internal dot. Which described tile BREAKS the rule?
Correct answer: A - Rotated 90 degrees anticlockwise, one more dot
Passage extract: 'The Board expects the cost-reduction programme to deliver savings of EUR 400 million by 2027.' Which verdict applies to the statement: 'The cost-reduction programme will deliver savings of EUR 400 million by 2027'?
Correct answer: C - Cannot Say
Passage extract: 'Since the new onboarding platform launched, average client account-opening time has fallen from nine days to four. Client satisfaction scores over the same period rose by eleven points.' Which statement is an ASSUMPTION the passage relies on, rather than something it states?
Correct answer: D - Faster account opening contributes to client satisfaction
Two hours after your team sends a valuation deck to a client, you notice one comparable company's EBITDA multiple was pulled from the wrong fiscal year. The error shifts the implied valuation range by roughly 4%. Your associate is currently in a client meeting. What is the MOST appropriate action?
Correct answer: B - Flag it to the associate immediately with the corrected range and a proposed client follow-up
A vice president asks you to send a summary of live deal terms to their personal messaging app because they are travelling and cannot reach the firm's systems. What should you do?
Correct answer: C - Decline and offer an approved alternative such as firm-issued remote access
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