Free Practice Questions for SV Asesores de Inversión

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Key Facts: SV Asesores de Inversión Exam

70%

Minimum pass mark

Circular SV.SG. N° 0025/2025, item e

4 years

Registration validity from issue

Resolution SV. SG. N° 0050/2024, operative clause 4

09:00

Exam start; building entry begins at 08:30

Circular SV.SG. N° 0025/2025, items b and g

10 business days

Deadline for emailed examination results

Circular SV.SG. N° 0025/2025, item f

No fee

Registration and examination in BCP's first 2026 call; confirm current call

Banco Central del Paraguay, first 2026 advisor-examination announcement

Study with 40 independent English-language MCQs on Paraguayan securities regulation, advisory decisions, investment products and financial calculations. The current official reading list uses Ley 7572/2025, specified RGMV titles and Resolution 0022/2024. The practice distribution is editorial: official topic percentages and item count are not published in the cited circular.

Sample SV Asesores de Inversión Practice Questions

Try these sample questions to review concepts for the SV Asesores de Inversión exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 40+ question experience with AI tutoring.

1Under Paraguay's current Ley N° 7572/2025, through which body does the Banco Central del Paraguay supervise the securities and products market?

A.Superintendencia de Bancos

B.Superintendencia de Valores

C.Bolsa de Valores de Asunción

D.Ministerio de Economía y Finanzas

Explanation: The Banco Central del Paraguay exercises securities and products market supervision through the Superintendencia de Valores. Ley N° 7572/2025 is the current consolidated statute; Ley N° 7162/2023 established the earlier institutional transition from the CNV.

2What validity period does Resolución SV. SG. Nº 0050/2024 establish for a newly issued advisor registration?

A.One year from issuance

B.Two years from issuance

C.Four years from issuance

D.Five years from issuance

Explanation: The resolution establishes four years from issuance. Maintaining or updating the registration requires evidence of continuous market activity and action at least six months before expiry; an expired registration triggers a new examination requirement.

3A university graduate applies for individual advisor registration under Resolución SV. SG. Nº 0050/2024. Which statement correctly describes its experience requirement?

A.A relevant master's degree may exempt the applicant from the minimum one year of specified market-sector work experience

B.Any year of employment in any industry satisfies the experience requirement

C.A relevant master's degree exempts the applicant from both registration and the idoneidad exam

D.Passing the idoneidad exam removes the need to document education and experience

Explanation: The applicant must be a university graduate and document at least one year in management, economic or financial analysis, or a commercial area in the entities specified by the resolution. A master's degree in finance, business administration, economics or a related field may exempt the experience requirement, rather than the other registration conditions.

4Which development most clearly warrants assessment as an issuer's hecho de importancia for market disclosure?

A.Paying a previously disclosed bond coupon on its scheduled date

B.Renewing an immaterial service contract on unchanged terms

C.Completing a previously disclosed routine purchase on unchanged terms

D.Losing a major customer whose purchases account for a substantial share of revenue

Explanation: Losing a major customer can materially affect the issuer's financial prospects and investors' decisions. The issuer must assess its disclosure obligations under the applicable information regime rather than treat the event as ordinary administration.

5An issuer has eight titular board members. Pending negotiations qualify for reserve under Ley N° 7572/2025, and five members vote in favor. Is that sufficient to classify the information as reserved?

A.Yes, because five votes form a simple majority of the full board

B.No, because the required three-quarter majority is six of the eight titular members

C.Yes, if the five favorable votes are unanimous among those present

D.No, because unanimous approval of all eight titular board members is required

Explanation: The law requires approval by three quarters of the titular board members, so eight members require six favorable votes. The reserve concerns qualifying pending negotiations whose premature disclosure could harm the issuer, and the decision must be communicated to the Superintendencia de Valores on the following business day.

6Which information most clearly meets the issuer-related definition of información privilegiada under Ley N° 7572/2025?

A.A price-sensitive acquisition agreed by the issuer but not yet disclosed to the market

B.An analyst's valuation derived entirely from published financial statements

C.A completed trade shown in a publicly available exchange bulletin

D.A general forecast already published by an economic research institute

Explanation: Undisclosed issuer information capable of influencing the quotation of its securities is privileged information. The definition also addresses advance knowledge of institutional investors' planned transactions, so the concept extends beyond unpublished financial statements.

7A client needs savings for a known payment in three months and cannot absorb a substantial loss. What should an advisor do before recommending a five-year illiquid investment?

A.Treat the client's signed risk warning as sufficient evidence of suitability

B.Compare the investment only with products paying a lower headline yield

C.Evaluate liquidity needs, loss-bearing capacity and investment horizon against the product's risks and costs

D.Use the same allocation as another client with the same account balance

Explanation: Title 34 of the Reglamento General requires advice to reflect the client's knowledge, experience, financial situation and objectives. A short-term payment need and limited capacity for loss are material constraints; a risk warning alone does not establish that an illiquid product is suitable.

8Which statement in a securities promotion conflicts with Paraguay's prohibition on guaranteeing investment results?

A.The prospectus identifies market and credit risks

B.The bond's contractual coupon is 8% annually

C.Past performance does not ensure future results

D.This investment is certain to deliver a positive total return

Explanation: Ley N° 7572/2025 prohibits public information, advertising and prospectuses from assuring or guaranteeing investment results. Describing a contractual coupon accurately is different from promising that an investor's total return is certain or free from default and market risk.

9An advisor earns more from recommending Fund A than an equivalent, cheaper Fund B. Both meet the client's objectives. Which response best satisfies Title 34's suitability and product-comparison requirements?

A.Recommend A because either product meets the client's objectives

B.Disclose the commission and treat that disclosure as sufficient justification for A

C.Prevent the conflict from impairing the assessment and document a client-focused justification if choosing the costlier product

D.Recommend A and review the difference in costs only at the next annual meeting

Explanation: Title 34 requires conflicts not to adversely affect the quality of the client's assessment. It also requires an advisor to justify and retain records when choosing a more costly or complex product over an equivalent alternative, so disclosure alone is not a substitute for the comparison.

10Which conduct is a prohibited simulated transaction rather than a genuine investment trade?

A.Two accounts under common control arrange offsetting trades solely to create an appearance of active demand

B.A fund sells securities to meet a documented redemption request

C.A client replaces one issuer's bonds with another's after assessing credit risk

D.Two independent investors accept opposite sides of a quoted transaction for their own investment purposes

Explanation: The Reglamento General prohibits market manipulation and knowing participation in simulated transactions. The coordinated trades described have no genuine investment purpose and are intended to mislead the market about demand.

About the SV Asesores de Inversión Exam

The Examen de Idoneidad is required for initial individual registration as an Asesor de Inversión with Paraguay's securities regulator under Resolution 0050/2024. Circular 001/2026 confirms the updated name replacing Asesor Bursátil. OpenExamPrep offers independent practice for this exam and related securities topics. This is an English-language MCQ study adaptation, not an official translation or a simulation of the official assessment's format or language, and it does not replace any required written, oral or practical preparation or registration requirements.

Exam sponsor: Superintendencia de Valores — Banco Central del Paraguay. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Circular SV.SG. N° 0025/2025 specifies an in-person examination at Banco Central del Paraguay in Asunción, starting at 09:00 on the first business Monday of February, April, June, August, October and December, subject to the applicable requirements and exceptions. Entry through Gate 4 begins at 08:30. Candidates need their identity card, black pen, pencil and eraser; communication devices and mate or tereré equipment are prohibited. The circular does not specify precise item types, permitted assessment languages, duration or separately graded assignment, oral, practical or case-study components. Confirm these details in the current call rather than assuming an all-MCQ or closed-book examination.

Time Limit

Duration not published in the cited circular; 09:00 start, entry from 08:30

Passing Score

70% under Circular SV.SG. N° 0025/2025

Exam / Certification Fees

Registration and examination were free in BCP's first 2026 call; confirm the current call.

Exam sponsor website

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

Official sources

BCP — Circular SV.SG. N° 0025/2025: current outline, schedule, access and pass mark · Source checked 2026-10-09
BCP — Resolución SV. SG. N° 0050/2024: examination, eligibility and registration · Source checked 2026-10-09
BCP — Circular SV.SG. N° 001/2026: updated advisor and operator terminology · Source checked 2026-10-09
BCP — first 2026 advisor examination call: no registration or exam fee · Source checked 2026-10-09
BACN — Ley N° 7572/2025, Mercado de Valores y Productos · Source checked 2026-10-09
BCP — Reglamento General del Mercado de Valores, compendium through Resolution 41/2023 · Source checked 2026-10-09
BCP — Resolución SV. SG. N° 0022/2024: share and advisory amendments · Source checked 2026-10-09

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.

30% of this practice bank; not an official exam weight

Regulatory framework and advisory rules

12 questions on the regulator, registration, disclosures, privileged information, suitability, conflicts, prohibited trading and switching costs.

17.5% of this practice bank; not an official exam weight

Market institutions and exchange trading

7 questions on exchanges, brokerage, client asset segregation, order priority, registration and issuer information.

22.5% of this practice bank; not an official exam weight

Fixed income and global issuance

9 questions on PEG structure, bondholder representation, repayment priority, prices, accrued interest, current yield and discounted cash flows.

12.5% of this practice bank; not an official exam weight

Equity securities and shareholder rights

5 questions on ordinary and preferred shares, subscription rights, dividend yield and P/E calculations.

17.5% of this practice bank; not an official exam weight

Investment funds and credit ratings

7 questions on fund patrimony, redeemability, quota value, diversification, fund rules, ratings and rating-agency independence.

Preparing for the SV Asesores de Inversión Exam

What You Need to Know

Passing score: 70% under Circular SV.SG. N° 0025/2025
Assessment: Circular SV.SG. N° 0025/2025 specifies an in-person examination at Banco Central del Paraguay in Asunción, starting at 09:00 on the first business Monday of February, April, June, August, October and December, subject to the applicable requirements and exceptions. Entry through Gate 4 begins at 08:30. Candidates need their identity card, black pen, pencil and eraser; communication devices and mate or tereré equipment are prohibited. The circular does not specify precise item types, permitted assessment languages, duration or separately graded assignment, oral, practical or case-study components. Confirm these details in the current call rather than assuming an all-MCQ or closed-book examination.
Time limit: Duration not published in the cited circular; 09:00 start, entry from 08:30
Exam / certification fees: Registration and examination were free in BCP's first 2026 call; confirm the current call. Official sources

Using Our Practice Resources

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SV Asesores de Inversión: Suggested Study Strategy

1Use the reading list in Circular 0025/2025 and current official amendments; Ley 7572/2025 repealed Leyes 5810/2017, 7162/2023 and 5452/2015 while preserving compatible implementing rules until replaced.

2Read the Spanish official legal terms alongside the English explanations, especially hechos de importancia, información privilegiada, cuentas globales and Representante de Obligacionistas.

3Work through coupon accrual, yield, present value, dividend yield, P/E and quota-value calculations, using the day counts and compounding assumptions expressly given.

4Apply the advisory rules to client liquidity, loss-bearing capacity, product complexity, conflicts and the costs and benefits of switching investments.

5Distinguish redeemability from immediate guaranteed liquidity, and a credit rating from a promise of repayment.

6Confirm the current examination call for language, item types, duration, permitted equipment and any additional assessment components.

Frequently Asked Questions

Is this an official preparation course?

OpenExamPrep provides independent practice and is not affiliated with or endorsed by the Superintendencia de Valores, BCP or BVA. These English-language MCQs are a study adaptation, not an official translation or exam-format simulation.

What language and question format does the official examination use?

The current circular confirms an in-person assessment and lists required writing supplies. The official materials are in Spanish, but the cited sources do not explicitly confirm permitted assessment languages or precise item types. Check the current call; neither an English sitting nor an all-MCQ format has been verified.

What education and experience are required?

Resolution 0050/2024 requires a university graduate with at least one year of qualifying management, economic/financial analysis or commercial work in the specified securities-market entities or service firms. A relevant master's degree may waive the experience requirement. It does not waive the examination or the other application requirements.

When does the exam start, and how long does it last?

Circular 0025/2025 sets a 09:00 start, with entry from 08:30, on the first business Monday of the six named even-numbered months, subject to applicable exceptions. The cited circular does not publish a duration or item count.

What are the pass mark, fee and result timing?

The current circular requires 70% and provides for emailed results within 10 business days. BCP's first 2026 call stated that registration and the exam were free; check the current call for any change.

How long does registration last?

Registration lasts four years from issue. At least six months before expiry, the advisor must submit evidence of continuous relevant activity over the preceding twelve months. Expiry triggers automatic revocation and a new examination requirement under Resolution 0050/2024.

Do the practice-bank percentages describe the official blueprint?

The official circular names laws, chapters and RGMV titles without percentage weights. The percentages shown for our 40 questions describe this bank only. Consult the complete official reading list, including authorization, registration and technology provisions beyond the examples tested here.