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Free Practice Questions for NBS Financial Intermediary Exam — Supplementary Pensions (DDS)

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Key Facts: NBS Financial Intermediary Exam — Supplementary Pensions (DDS) Exam

30 questions per sector (5 general, 25 sector), three options each, 25 minutes.

Pass mark: at least 24 correct answers.

Fee: €50 per sector in Slovak; €200 in another language (NBS Decree No. 5/2018).

Held by NBS-authorised examination organisations; must be retaken at least every four years.

Participant tax relief: up to €180 a year; employer contributions deductible up to 6% of wages.

This bank is an English-language MCQ study adaptation with four options per question.

The NBS DDS sector exam has 30 three-option questions (5 general, 25 on supplementary pensions) in 25 minutes; you need 24 correct answers. The fee is €50 in Slovak or €200 in another language, and the exam must be retaken at least every four years.

Sample NBS Financial Intermediary Exam — Supplementary Pensions (DDS) Practice Questions

Try these sample questions to review concepts for the NBS Financial Intermediary Exam — Supplementary Pensions (DDS) exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 60+ question experience with AI tutoring.

1Which of the following sources of law has the highest legal force in the Slovak Republic?
A.A government regulation (nariadenie vlády)
B.A constitutional act (ústavný zákon)
C.The Civil Code (Občiansky zákonník)
D.A decree (opatrenie) of Národná banka Slovenska
Explanation: Constitutional acts, together with the Constitution itself, sit at the top of the Slovak hierarchy of legal norms. Ordinary acts such as the Civil Code, government regulations and NBS decrees must all comply with them. The general part of every NBS sector exam starts from this kind of legal-system basics.
2Under § 21 of Act No. 186/2009 Z. z., what is the minimum level of professional competence that a subordinate financial agent (podriadený finančný agent, PFA) who is a natural person must meet?
A.The basic level (základný stupeň)
B.The higher level (vyšší stupeň)
C.The medium level (stredný stupeň)
D.The highest level (najvyšší stupeň)
Explanation: § 21(5) of Act No. 186/2009 Z. z. requires a PFA who is a natural person, the responsible member of its statutory body and its professional guarantor to meet at least the medium level. The medium level means at least secondary vocational education, a passed professional examination and special financial education (osobitné finančné vzdelávanie) in each sector.
3A PFA passed the medium-level professional examination in the supplementary pension saving sector. What must the PFA do to keep meeting the competence requirement?
A.Complete special financial education every year and pass the professional examination again at least every four years
B.Complete special financial education every three years; the passed examination then stays valid for the agent's whole career
C.Pass the professional examination again every year; attending special financial education courses is then optional
D.Nothing further, provided the PFA keeps working under the same independent financial agent in the same sector
Explanation: § 22(1) of Act No. 186/2009 Z. z. requires a person who must meet the medium or higher level to complete special financial education every year and to pass the professional examination successfully at least every four years. NBS repeats the four-year rule on its professional competence page.
4Which pair of financial-intermediary categories may operate only after Národná banka Slovenska grants a licence (povolenie) on their own application?
A.Tied financial agent and subordinate financial agent
B.Subordinate financial agent and financial adviser
C.Tied investment agent and ancillary insurance intermediary
D.Independent financial agent and financial adviser
Explanation: Under Act No. 186/2009 Z. z., NBS decides on applications for a licence to act as an independent financial agent (samostatný finančný agent) and as a financial adviser (finančný poradca). Tied agents, subordinate agents, tied investment agents and ancillary insurance intermediaries are instead entered in the register on the proposal of their proposer (navrhovateľ).
5A financial agent registered for the supplementary pension saving sector wants to start charging clients a fee for impartial financial advice in the same sector. What does Act No. 186/2009 Z. z. say?
A.It is allowed if the agent discloses both roles to the client in writing before each meeting and keeps a record
B.A financial agent may not provide financial advice at all; advice is reserved for a licensed financial adviser
C.It is allowed in the two pension sectors only, because long-term pension products need ongoing advice
D.It is allowed if the agent's independent financial agent consents in writing and notifies NBS in advance
Explanation: § 6(1) of Act No. 186/2009 Z. z. states that a financial agent may not provide financial advice, and § 10(1) mirrors this by barring a financial adviser from financial intermediation. Financial advice (finančné poradenstvo) may be provided only by a financial adviser holding an NBS licence and contracting with the client.
6Under Act No. 297/2008 Z. z. on protection against money laundering and terrorist financing, from what value must an obliged person carry out basic customer due diligence for an occasional transaction outside a business relationship (other than a transfer of funds or crypto-assets)?
A.At least EUR 5,000
B.At least EUR 20,000
C.At least EUR 15,000
D.At least EUR 8,000
Explanation: Basic due diligence (základná starostlivosť) is required when establishing a business relationship and also for an occasional transaction outside a business relationship of at least EUR 15,000. A lower EUR 1,000 threshold applies to an occasional transaction that is a transfer of funds or crypto-assets. Both thresholds appear in the official NBS question pool.
7An obliged person identifies an unusual business operation (neobvyklá obchodná operácia). When must it report the operation to the Financial Intelligence Unit (finančná spravodajská jednotka) of the Police Force?
A.Within 24 hours of the operation
B.Within five working days
C.Only after the client has been told about the report
D.Without undue delay
Explanation: Act No. 297/2008 Z. z. requires an unusual business operation, or an attempt to carry one out, to be reported to the Financial Intelligence Unit without undue delay (bez zbytočného odkladu). The obliged person must also keep the report confidential and must not tip off the client.
8Under the Slovak Civil Code, how does a natural person acquire full capacity to perform legal acts (spôsobilosť na právne úkony)?
A.On reaching 18 years of age, or earlier by marrying before that age
B.By birth, together with the capacity to have rights and duties
C.On being issued an identity card at the age of 15
D.On completing compulsory school attendance
Explanation: Full legal capacity is acquired at majority (plnoletosť), which arises at 18 or by marriage before that age. The capacity to have rights and duties is different: it arises at birth. Minors can perform only legal acts appropriate to their intellectual and volitional maturity.
9Under the Civil Code, from when does the general limitation period (premlčacia doba) start to run?
A.From the day the creditor first actually asserted the right
B.From the day the legal relationship between the parties arose
C.From the day the right could have been exercised for the first time
D.From the day a court decision on the obligation becomes final
Explanation: The general limitation period starts from the day the right could have been exercised for the first time. After it expires the right does not disappear, but it cannot be enforced in court if the debtor invokes limitation. Ownership rights are not subject to limitation.
10Which EU principle allows a financial institution authorised in Slovakia to provide its services in another EU member state?
A.The principle of subsidiarity
B.The principle of proportionality of EU action
C.The precautionary principle
D.The free movement of services and capital
Explanation: Cross-border provision of financial services within the EU rests on the internal-market freedoms, in particular the freedom to provide services and the free movement of capital. Subsidiarity and proportionality govern how the EU exercises its competences, not a firm's right to operate abroad.

About the NBS Financial Intermediary Exam — Supplementary Pensions (DDS) Exam

Independent practice for the professional exam (odborná skúška) in the supplementary pension savings sector (doplnkové dôchodkové sporenie, DDS), required under Act No. 186/2009 Z. z. for people who want to distribute third-pillar pension products as subordinate financial agents (medium level) or independent financial agents (higher level). The exam is a 30-question, 25-minute test drawn from the official NBS question database, held by NBS-authorised organisations, normally in Slovak. Passing it must be repeated at least every four years, alongside annual special financial education. This bank covers the official topic areas with English-language questions and Slovak legal terms; it is an English-language MCQ study adaptation, not an official translation or format simulation.

Exam sponsor: Examination organisations authorised by Národná banka Slovenska (NBS). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

30 single-answer questions (5 general, one from each general area; 25 sector questions, five from each sector area), three answer options each, 25 minutes. At least 24 correct answers are needed. The medium level uses medium-difficulty questions; the higher level combines medium and higher-difficulty questions.

Time Limit

25 minutes per sector

Passing Score

At least 24 correct answers out of 30

Exam / Certification Fees

€50 per sector in Slovak; €200 per sector in another language

Exam sponsor website

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

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.

10 practice questions

General financial market knowledge

Act No. 186/2009 Z. z., consumer protection, AML basics, EU principles and NBS supervision.

10 practice questions

The DDS system and its participants

Act No. 650/2004 Z. z.: participants, employers and hazardous work categories.

10 practice questions

Contributions, accounts and fees

Contributions, personal accounts, pension units and statutory fee caps.

10 practice questions

DDS benefits

Supplementary pensions, lump-sum settlement and early withdrawal.

10 practice questions

Pension companies, funds and the depositary

Companies, contribution and payout funds, depositary duties and risk categories.

10 practice questions

Contracts, information, taxation and supervision

Participant contracts, information duties, tax relief, withholding tax and supervision.

Preparing for the NBS Financial Intermediary Exam — Supplementary Pensions (DDS) Exam

What You Need to Know

  • Passing score: At least 24 correct answers out of 30
  • Assessment: 30 single-answer questions (5 general, one from each general area; 25 sector questions, five from each sector area), three answer options each, 25 minutes. At least 24 correct answers are needed. The medium level uses medium-difficulty questions; the higher level combines medium and higher-difficulty questions.
  • Time limit: 25 minutes per sector
  • Exam / certification fees: €50 per sector in Slovak; €200 per sector in another language Official sources

Using Our Practice Resources

  • Work through all 60 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

NBS Financial Intermediary Exam — Supplementary Pensions (DDS): Suggested Study Strategy

1Work through the official NBS question database for the DDS sector and the general part; the exam draws its questions from it.
2Learn the competence level each type of intermediary needs under § 21 of Act No. 186/2009 Z. z.
3Memorise the DDS fee caps: 1% (contribution fund) and 0.6% (payout fund) management fees, the performance fee with a high-water mark, and the transfer fee within the first year.
4Be clear about which benefits exist (supplementary old-age and service pensions, lump-sum settlement, early withdrawal) and when they are paid.
5Practise at exam pace: 30 questions in 25 minutes leaves under a minute per question.

Frequently Asked Questions

Who must pass the DDS sector exam?

Under Act No. 186/2009 Z. z., subordinate financial agents need medium professional competence and independent financial agents need higher professional competence in the sector they work in. Both levels require passing the sector exam, which must be passed again at least every four years, together with annual special financial education.

What is the format of the official exam?

Each sector exam has 30 questions from the official NBS database: 5 general questions and 25 sector questions, each with three answer options. The time limit is 25 minutes, and you need at least 24 correct answers. The higher level includes both medium and higher-difficulty questions.

How much does the exam cost, and in which languages is it offered?

Under NBS Decree No. 5/2018, the fee is €50 per sector for an exam in Slovak and €200 per sector in another language. Exams are normally held in Slovak; some authorised organisers also offer other languages, such as English and German.

How much can a participant deduct for their own DDS contributions?

Under § 11 of Act No. 595/2003 Z. z., a participant can reduce the tax base by the contributions actually paid, up to €180 a year, if the conditions in the Act are met.

Is this practice bank an official NBS product?

No. It is independent study practice and an English-language MCQ study adaptation. It is not affiliated with Národná banka Slovenska or any examination organisation, and it is not an official translation of the NBS question database.