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Exam Review

Key Facts: AMIB Asesor en Estrategias Exam

210

Questions on the Serie 210 exam

AMIB Guía de Certificación v8.3

4h 18m

Exam duration

AMIB Guía de Certificación v8.3

4

Mandatory areas with a 600-point minimum each

AMIB Guía de Certificación v8.3

3 years

Certification cycle before renewal

AMIB Manual de Políticas de Certificación

The AMIB Serie 210 exam has 210 questions in 4 hours 18 minutes; candidates need 600 points on a 200–1,100 scale overall and in four mandatory areas.

Sample AMIB Asesor en Estrategias Practice Questions

Try these sample questions to review concepts for the AMIB Asesor en Estrategias exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 109+ question experience with AI tutoring.

1What does the generality (generalidad) of ethical principles mean?
A.They bind only people who have formally accepted a professional code
B.They apply only when a written law also prohibits the same conduct
C.They change from one situation to another according to convenience
D.They apply to everyone; applying them to each case requires prudence
Explanation: Ethical principles are general: they are valid for every person and every situation rather than being tailored to particular cases. Because reality is varied, applying them to a concrete case requires prudent judgment, but the principle itself does not change with convenience.
2Which elements must be present for an act to be an acto humano, for which a person is morally responsible?
A.A written record of the act and a witness who saw it
B.Knowledge of what one is doing and the free will to do it
C.A result that benefits the person who carries out the act
D.Approval of the act by the person's employer or superior
Explanation: An acto humano proceeds from the intellect and the will: the person knows what he is doing and freely consents to it. Acts that lack knowledge or freedom, such as reflexes, are actos del hombre and do not carry moral responsibility in the same way.
3A senior asesor notices that a junior colleague describes a leveraged strategy to clients as 'risk free'. What does principle 1 of the Código de Ética Profesional de la Comunidad Bursátil Mexicana expect of the senior asesor?
A.Not to be complacent: see that it is corrected and report violations he knows of
B.Ignore it, since each professional answers only for his own clients' accounts
C.Wait for a client complaint before raising the matter internally
D.Tell the clients privately to transfer their accounts to him instead of the junior
Explanation: Principle 1, 'Actúa de acuerdo con las disposiciones aplicables y las sanas prácticas de mercado', asks professionals to supervise that their collaborators follow the rules, not to be complacent with others' incorrect conduct, and to report violations they know of to the competent authorities and self-regulatory bodies. Presenting a leveraged strategy as risk free misinforms clients.
4The corporate-finance area of a financial group is advising a listed company on a merger that has not been announced. What does principle 7 of the Code require of the group?
A.Share the details with the advisory area so clients can position early
B.Suspend all trading in the company's shares until the merger closes
C.Keep barriers so the information does not reach other areas
D.Publish a summary of the merger on its website for all clients equally
Explanation: Principle 7, 'No uses ni divulgues información privilegiada', requires legal entities to establish institutional mechanisms and, where needed, physical or procedural barriers so that inside information held by some areas does not reach others that could misuse it, such as advisory or trading desks.
5An asesor en inversiones asks a fund operadora for a payment for each client he places in its funds. How do the Code and Article 227 of the LMV treat this?
A.As acceptable if the payment is disclosed in the asesor's annual report
B.As forbidden: asesores may not be paid by intermediaries for placements
C.As acceptable, because operadoras are not issuers of securities
D.As acceptable if the client's portfolio exceeds 3 million UDIs
Explanation: Principle 4 of the Code forbids offering, giving, soliciting or accepting incentives that create a personal commitment and reduce objectivity. In addition, Article 227 of the LMV prohibits asesores en inversiones from receiving any remuneration from issuers for promoting their securities or from securities-market intermediaries, a category that under Article 113 includes fund operadoras and distributors (unless the intermediary is the asesor's own client).
6An issuer's investor-relations officer delays disclosing a relevant event so that some directors can sell shares first. Which duty under principle 5 of the Code is breached?
A.Keeping the information of clients and their operations confidential
B.Executing client orders in the best available market conditions
C.Refusing any incentive that could reduce professional objectivity
D.Disclosing relevant events promptly and broadly to the market
Explanation: Principle 5, 'Proporciona al mercado información veraz, clara, completa y oportuna', requires professionals to disclose periodic information and relevant events that may influence prices promptly and broadly. Delaying disclosure so insiders can trade also breaches principle 7 and the LMV's inside-information rules.
7An asesor with discretionary accounts trades them far more often than the strategy requires, to raise the brokerage fees his firm earns. Which duty under 'Haz prevalecer el interés de tu cliente' does this breach?
A.Not inducing operations only for his own or his firm's benefit
B.Distinguishing market information from his own opinions
C.Safeguarding the confidentiality of his clients' information
D.Competing fairly with other firms for new clients
Explanation: Principle 3 asks professionals not to induce clients to carry out business with the sole purpose of benefiting themselves or their firm. Excessive trading to generate commissions (churning) harms clients through costs and is also contrary to sound market practices.
8A caller says he works for the tax authority and asks an asesor, by phone, for a client's balances. How should the asesor act under principle 6 of the Code?
A.Give the balances, since tax authorities may always access client data
B.Give only an approximate figure, to avoid obstructing the authority
C.Provide information only upon an express, founded and reasoned request
D.Refuse, and immediately tell the client he is under investigation
Explanation: Principle 6, 'Salvaguarda la confidencialidad de la información de los clientes', allows client information to be provided only when there is an express, founded and reasoned (fundado y motivado) requirement from competent authorities or self-regulatory bodies. An unverified phone call does not meet that standard.
9Why does business ethics consider human capital central to a company?
A.Because labor is the only cost that a company can freely reduce at will
B.Because employees' salaries determine the company's share price
C.Because the law forbids replacing people with technology
D.Because people's knowledge and values drive how it creates value
Explanation: Business ethics sees people as the company's key resource: their knowledge, skills and values determine how the company operates, serves clients and creates value. Treating people with dignity and fostering their development is therefore both an ethical duty and a source of the company's success.
10A company must close a loss-making plant to remain viable, which will cost some workers their jobs. Under the principle of proportionality, which approach is ethically acceptable?
A.Close it overnight without notice, to avoid any disruption in the process
B.Close it if it is needed to survive, not seeking the harm and mitigating it
C.Keep it open indefinitely, whatever the losses, so no one is ever harmed
D.Close it mainly to raise the executives' bonuses for the current year
Explanation: The principle of proportionality accepts an action with a foreseeable harm when the action is legitimate in itself, the harm is not sought, and there is a proportionate reason, here the company's survival and the jobs that remain. It also calls for reducing the harm where possible, for example through fair severance or relocation.

About the AMIB Asesor en Estrategias Exam

Independent practice for the AMIB Asesor en Estrategias de Inversión (Serie 210) certification by OpenExamPrep. The official exam is a Spanish-language, four-option multiple-choice test of 210 questions set by the AMIB's Guía de Certificación v8.3. This bank is an English-language study adaptation, not an official translation or simulation of the exam; Mexican legal and market terms such as asesor en inversiones, marco general de actuación and gestión de inversiones are kept in Spanish.

Exam sponsor: Asociación Mexicana de Instituciones Bursátiles (AMIB), a self-regulatory organization recognized by the CNBV. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

210 four-option multiple-choice questions in 9 areas: Ética (20, mandatory), Servicios de Inversión (20), Marco Normativo I, II y III (25), Matemáticas Financieras y Portafolios de Inversión (25), Mercado de Capitales I y II (25, mandatory), Títulos de Deuda I y II (25, mandatory), Fondos de Inversión (20), Derivados Financieros I y II y Riesgos I, II (25, mandatory) and Análisis Económico I, II y III y Financiero I y II y Técnico (25).

Time Limit

4 hours 18 minutes

Passing Score

600 points on a 200–1,100 scale overall, plus at least 600 points in each mandatory area (Ética; Mercado de Capitales I y II; Títulos de Deuda I y II; and Derivados Financieros I y II y Riesgos I, II)

Exam / Certification Fees

2026 AMIB tariffs (from 1 February 2026, before IVA): MXN 6,100 in person in Mexico City, MXN 6,925 in other states, or MXN 8,350 remote for the first attempt; extraordinary retakes MXN 4,125, MXN 4,625 or MXN 6,450 respectively

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

20 questions (9.52%) — mandatory area

Ética

Ethics concepts and the Code's principles applied to investment advice

20 questions (9.52%)

Servicios de Inversión

Discretionary management, standardized strategies, advisers' disclosures, conflicts and analysts' independence

25 questions (11.90%)

Marco Normativo I, II y III

LMV rules for asesores en inversiones, manipulation, SAPIs, simplified registration and securities crimes

25 questions (11.90%)

Matemáticas Financieras y Portafolios de Inversión

Annuities, compounding, two-asset portfolio risk, efficient frontier, CAPM, APT and performance ratios

25 questions (11.90%) — mandatory area

Mercado de Capitales I y II

Share valuation, ETFs, ADRs, short sales, corporate events, index methodology and offerings

25 questions (11.90%) — mandatory area

Títulos de Deuda I y II

Duration and convexity, reportos, CETES between dates, Udibono coupons, bank and corporate debt and the yield curve

20 questions (9.52%)

Fondos de Inversión

Permitted operations, fund categories, series fees, risk classification and fund price behavior

25 questions (11.90%) — mandatory area

Derivados Financieros I y II y Riesgos I, II

Asigna's safety net, futures pricing, option strategies and Greeks, structured notes, CVA and DV01

25 questions (11.90%)

Análisis Económico I, II y III y Financiero I y II y Técnico

Monetary and fiscal policy, economic cycles, WACC, multiples, DuPont and technical analysis

Preparing for the AMIB Asesor en Estrategias Exam

What You Need to Know

  • Passing score: 600 points on a 200–1,100 scale overall, plus at least 600 points in each mandatory area (Ética; Mercado de Capitales I y II; Títulos de Deuda I y II; and Derivados Financieros I y II y Riesgos I, II)
  • Assessment: 210 four-option multiple-choice questions in 9 areas: Ética (20, mandatory), Servicios de Inversión (20), Marco Normativo I, II y III (25), Matemáticas Financieras y Portafolios de Inversión (25), Mercado de Capitales I y II (25, mandatory), Títulos de Deuda I y II (25, mandatory), Fondos de Inversión (20), Derivados Financieros I y II y Riesgos I, II (25, mandatory) and Análisis Económico I, II y III y Financiero I y II y Técnico (25).
  • Time limit: 4 hours 18 minutes
  • Exam / certification fees: 2026 AMIB tariffs (from 1 February 2026, before IVA): MXN 6,100 in person in Mexico City, MXN 6,925 in other states, or MXN 8,350 remote for the first attempt; extraordinary retakes MXN 4,125, MXN 4,625 or MXN 6,450 respectively Official sources

Using Our Practice Resources

  • Work through all 109 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

AMIB Asesor en Estrategias: Suggested Study Strategy

1Prepare for four mandatory areas: Ética, Mercado de Capitales, Títulos de Deuda and Derivados y Riesgos each need 600 points.
2Know Articles 225 to 227 Bis of the Ley del Mercado de Valores: who must register as asesor en inversiones, the 'independiente' label, mandates, prohibitions and grounds for cancellation.
3Practice option strategies and Greeks: straddles, spreads, covered calls, collars, synthetic positions and delta or theta approximations.
4Drill portfolio math: two-asset volatility with correlation, beta from covariance, Treynor, information ratio, Jensen's alpha and CAPM.
5Review duration, convexity and DV01 together, and how they limit or improve bond-price estimates.

Frequently Asked Questions

What is the AMIB Serie 210 certification?

It is the AMIB certification for Asesor en Estrategias de Inversión, the professional who advises investors on buying and selling fund shares, debt and shares and on designing investment strategies and portfolios in discretionary and non-discretionary accounts, as an independent adviser or at an authorized intermediary.

How many questions are on the Serie 210 exam and what is the duration?

Under the Guía de Certificación v8.3, the exam has 210 questions and lasts 4 hours 18 minutes. Guide v8.4, which applies from 26 October 2026, keeps the same number of questions and time.

What is the passing score for the Serie 210 exam?

You need at least 600 points on the 200 to 1,100 scale overall and at least 600 points in each of the four mandatory areas: Ética; Mercado de Capitales I y II; Títulos de Deuda I y II; and Derivados Financieros I y II y Riesgos I, II.

What do I need before registering for the exam?

You must pass AMIB's course 'Ética Bursátil y Sanas Prácticas del Mercado de Valores', have a satisfactory credit history of at least five years in a Reporte de Crédito Especial issued within the last three months, sign the honorability statement, and submit your file through AMIB's online system at least 10 business days before the exam.

Why is this practice bank in English?

The official exam is given in Spanish. This bank is an English-language study adaptation for reviewing the concepts in the AMIB outline; it is not an official translation or format simulation, and it keeps key Mexican legal and market terms in Spanish.

What does the law require to act as an asesor en inversiones?

Under Article 225 of the Ley del Mercado de Valores, asesores en inversiones must register with the CNBV; individuals must show honorability, a satisfactory credit history and certification from a self-regulatory organization recognized by the CNBV. Asesores may not act as intermediaries or hold clients' money or securities.