Free Practice Questions for NBS Capital Markets Intermediary Exam (KT)

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Key Facts: NBS Capital Markets Intermediary Exam (KT) Exam

30 questions / 25 minutes

Official sector test: 5 general and 25 sector questions, three options each.

NBS examination rules effective 1 May 2026

24 correct answers

Minimum passing result in each sector (80%).

NBS examination rules, Article 7

€50 / €200 per sector

Slovak-language fee / another offered language.

NBS measure No. 5/2018, as amended effective 1 May 2026

Annual education / four-year exam cycle

Continuing requirements for medium and higher competence.

Act No. 186/2009 Z. z., § 22

€50,000

GFI maximum for eligible protected unavailable client assets; not market-loss insurance.

Garančný fond investícií official FAQ

English-language MCQ study adaptation

Independent four-option practice; not an official translation or exam simulation.

OpenExamPrep

The NBS capital-market sector examination has 30 three-option questions in 25 minutes; 24 correct answers are required. The fee is €50 in Slovak or €200 in another offered language. Independent English MCQ practice supports study; passing the exam alone does not authorize professional activity.

Sample NBS Capital Markets Intermediary Exam (KT) Practice Questions

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

1Among these domestic sources of Slovak law, which has the highest legal force?

A.An NBS measure (opatrenie)

B.The Constitution of the Slovak Republic (Ústava SR) and constitutional acts

C.An ordinary statute such as the Securities Act

D.A government regulation (nariadenie vlády)

Explanation: The Constitution and constitutional acts have the highest legal force among the domestic sources listed. Ordinary statutes and subordinate legislation must conform to them.

2Which distinction between a financial agent and a financial advisor follows from Act No. 186/2009 Z. z.?

A.Agents are paid only by retail clients; advisors are paid only by product providers

B.An advisor may receive provider commissions if the client signs a disclosure

C.Both roles are legally identical whenever they discuss the same investment fund

D.An agent intermediates under its institutional or agency relationships; an advisor provides impartial analysis under a written agreement with the client

Explanation: The Act distinguishes financial intermediation (finančné sprostredkovanie) from financial advisory services (finančné poradenstvo). A financial advisor acts under a written client agreement and must base advice on impartial analysis; disclosure alone does not permit provider remuneration.

3Which Slovak authority supervises capital-market financial intermediaries and maintains their sector register?

A.Ministerstvo financií SR

B.Protimonopolný úrad SR

C.Národná banka Slovenska (NBS)

D.Slovenská obchodná inšpekcia

Explanation: Národná banka Slovenska supervises financial intermediation and maintains the financial agents and advisors register. A ministry's legislative responsibilities or another body's general consumer or competition role does not make it the intermediary supervisor.

4Where should a client check an intermediary's registration for the capital-market sector?

A.Only the Commercial Register (Obchodný register)

B.The Central Register of Contracts (Centrálny register zmlúv)

C.The NBS Register finančných agentov a finančných poradcov (REGFAP)

D.Only the Trade Licensing Register (Živnostenský register)

Explanation: REGFAP records financial agents and financial advisors in sector sub-registers. Checking the actual sector and category matters: a general company registration does not establish authority to intermediate capital-market services.

5A finančný poradca under Act No. 186/2009 Z. z. is offered a product-provider commission for a recommendation. Which response follows § 32(5)?

A.Accept it if the client approves in writing

B.Accept it if it is paid to the advisor's company rather than personally

C.Accept it if it is described as reimbursement rather than commission

D.Decline it because remuneration for financial advisory services may come only from the client

Explanation: Section 32(5) prohibits a financial advisor from receiving monetary or non-monetary benefits for financial advisory services except from the client. Renaming a payment or routing it through a company does not change its substance.

6A podriadený finančný agent (PFA) already has a written agreement with one samostatný finančný agent (SFA). May the PFA simultaneously contract with another SFA for a different sector?

A.Yes, provided each contract covers a different sector

B.No; § 9 of Act No. 186/2009 Z. z. limits simultaneous written agreements to one SFA

C.Yes, provided both SFAs disclose their commissions

D.Yes, if the PFA maintains separate client records for each SFA

Explanation: Section 9 limits a PFA to a written agreement with at most one SFA at the same time. The restriction is not expressed as one SFA per sector, so allocating different sectors to different SFAs does not resolve it.

7An obliged entity identifies a client's beneficial owner as a politicky exponovaná osoba (PEP). What is the appropriate response under Act No. 297/2008 Z. z.?

A.Use simplified due diligence because the person's identity is public

B.Apply ordinary identification only unless a criminal conviction is found

C.Apply enhanced due diligence, including the required approval, source-of-wealth and source-of-funds enquiries, and enhanced monitoring

D.Treat every transaction as automatically criminal and close the relationship solely because of PEP status

Explanation: PEP relationships require enhanced due diligence under § 12. This includes the prescribed approval before establishing or continuing the relationship, information about the origin of wealth and funds, and ongoing detailed monitoring; PEP status alone does not establish criminal activity.

8After reporting a neobvyklá obchodná operácia (NOO), an employee is asked by the client whether a report was filed. Which response respects the confidentiality duty in § 18 of Act No. 297/2008 Z. z.?

A.Confirm the report after obtaining the client's confidentiality undertaking

B.Confirm only that a report exists while withholding its contents

C.Confirm the report after the employee leaves the firm

D.Do not disclose the report to the client; follow the firm's lawful AML communication procedures

Explanation: The confidentiality duty covers disclosure of the report and related Financial Intelligence Unit measures to the client. It continues after employment ends; statutory channels for lawful disclosure do not create a general right to alert the client.

9Under § 19 of Act No. 297/2008 Z. z., what is the ordinary retention period for customer due diligence records after a business relationship ends?

A.One year after the account was opened

B.Five years after the relationship ends, subject to a lawful extension

C.Four years after the intermediary's most recent professional exam

D.Until the next annual financial audit is completed

Explanation: The ordinary AML retention period is five years after termination of the business relationship; the legislation also covers records of transactions outside such a relationship. The Financial Intelligence Unit may require further retention for a specified period of up to another five years.

10A fund advertisement prominently says '8% last year' but obscures the risk warning and ongoing costs. Which review conclusion best applies the financial consumer information requirements?

A.It is acceptable whenever the historical percentage is arithmetically correct

B.It is acceptable if the full fee schedule is available only after purchase

C.It can be misleading because information must be clear and balanced, including relevant risks and costs

D.It becomes acceptable if described as educational material while still promoting the fund

Explanation: A factually correct return figure can still create a misleading overall impression. Financial information and identifiable marketing must give clients a clear and comprehensible account of relevant risks and costs rather than obscure them behind a performance headline.

About the NBS Capital Markets Intermediary Exam (KT) Exam

Independent practice for the odborná skúška in Slovakia's capital-market sector (kapitálový trh, KT), at medium and higher professional-competence levels. Study investment services, financial instruments, collective investment, risk and return, client protection, costs, and Slovak investment taxation. The official test has 30 three-option questions in 25 minutes and requires 24 correct answers. This bank is an English-language MCQ study adaptation with four options, not an official translation, a simulation of the exam's format or language environment, or a substitute for required professional education and experience.

Exam sponsor: NBS-authorized examination organizations, including AOCP. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Medium and higher levels: written electronic or paper test; remote delivery is permitted for the ordinary examination. There are 30 questions, three options each, 25 minutes, and a pass requires at least 24 correct answers per sector. Medium-level tests use the medium pool; higher-level tests use half medium and half higher questions. No oral, practical, assignment, or separately assessed case-study component applies to these levels. The highest-level examination with certificate is separate and includes an oral part.

Time Limit

25 minutes per sector

Passing Score

At least 24 correct answers out of 30 (80%) per sector

Exam / Certification Fees

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

Exam sponsor website

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

Official sources

NBS current examination introduction · Source checked 2026-10-16Identity, authorized organizers, ordinary versus certified examination, and current rules links.
NBS examination rules effective 1 May 2026 · Source checked 2026-10-16Articles 4, 5 and 7: three-option test, 5 general plus 25 sector questions, difficulty pools, 25-minute time limit, and 24-answer passing threshold.
NBS measure No. 5/2018, consolidated through 1 May 2026 · Source checked 2026-10-16Ordinary written versus certified written/oral assessment, fees, language provisions, and Appendix 1 official scope.
AOCP examination schedule and language availability · Source checked 2026-10-16Active 2026 medium/higher sittings and written-test options in Slovak, Czech, English, Hungarian, German, and Ukrainian. Confirm language and commissioner availability when booking.
Act No. 186/2009 Z. z., version effective 10 January–19 November 2026 · Source checked 2026-10-16Agent/advisor roles, competence and supervised practice, remuneration, disclosure, annual education, and four-year examination cycle.
Act No. 566/2001 Z. z., version effective 25 June–4 December 2026 · Source checked 2026-10-16Investment services, OCP corporate form, client classification, suitability, appropriateness, execution-only conditions, costs, and best execution.
Act No. 203/2011 Z. z., version effective 25 June 2026 · Source checked 2026-10-16Fund property, redemption, depositary functions, and § 89 concentration limits, including the conditional 5/10/40 rule.
Act No. 297/2008 Z. z., version effective 17 August 2026 · Source checked 2026-10-16PEP enhanced due diligence, reporting confidentiality and exceptions, and record retention.
Garančný fond investícií official FAQ · Source checked 2026-10-16€50,000 cap and distinction between unavailable protected client assets and investment losses.
Financial Administration: securities-sale exemptions · Source checked 2026-10-16Separate acquisition and regulated-market admission periods; statutory exclusions.
Financial Administration: 2026 domestic dividend withholding notice · Source checked 2026-10-1610% for 2024-period profits and 7% for periods beginning from 1 January 2025, for the stated resident-individual shareholder case.
Financial Administration: redemption of fund units · Source checked 2026-10-16Ordinary 19% domestic withholding on the positive difference and the resident individual's permitted tax-return treatment.
Bratislava Stock Exchange trading rules · Source checked 2026-10-16Article 9: limit-order price constraints.

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 (16.67%)

General financial-market knowledge

Legal sources, NBS supervision, intermediary roles, remuneration, AML and financial consumer information.

10 practice questions (16.67%)

Capital-market legal framework and services

Investment firms, CDCP, tied agents, investment services, trading orders, market abuse and trading venues.

12 practice questions (20%)

Financial instruments and collective investment

Shares, bonds, funds, redemption, depositaries, concentration limits, options, futures, ETFs, KIDs and structured-product credit risk.

15 practice questions (25%)

Investment analysis, risks and calculations

Market, credit, liquidity and currency risk; diversification; current yield; NAV; compounding; inflation; transaction costs; duration; portfolio return; and zero-coupon annualization.

13 practice questions (21.67%)

Investor protection, costs and taxation

Suitability and appropriateness, execution-only conditions, GFI protection, professional classification, cost transparency, best execution, securities-sale exemptions, dividends and fund-redemption taxation. These five study groups are editorial, not five equally weighted official sectors.

Preparing for the NBS Capital Markets Intermediary Exam (KT) Exam

What You Need to Know

Passing score: At least 24 correct answers out of 30 (80%) per sector
Assessment: Medium and higher levels: written electronic or paper test; remote delivery is permitted for the ordinary examination. There are 30 questions, three options each, 25 minutes, and a pass requires at least 24 correct answers per sector. Medium-level tests use the medium pool; higher-level tests use half medium and half higher questions. No oral, practical, assignment, or separately assessed case-study component applies to these levels. The highest-level examination with certificate is separate and includes an oral part.
Time limit: 25 minutes per sector
Exam / certification fees: €50 per sector in Slovak; €200 per sector in another offered language Official sources

Using Our Practice Resources

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NBS Capital Markets Intermediary Exam (KT): Suggested Study Strategy

1Distinguish the legal roles of finančný agent, finančný poradca and viazaný investičný agent. Check the applicable sector and role rather than assuming the same competence requirement for every employee or principal.

2Separate suitability for advice and portfolio management from appropriateness for other services. Study the specific execution-only conditions rather than treating every listed instrument as exempt.

3Distinguish the manager, fund depositary and central securities depository. Asset segregation and compensation schemes do not guarantee investment performance.

4Work through current yield, NAV, compounded and real returns, costs and duration calculations. State fee bases and return denominators before calculating.

5For Slovak tax questions, check acquisition and admission periods separately, distinguish sale from fund redemption, and identify the profit period for dividend rates.

6Use the current organizer's questions and NBS rules for the selected sitting. The official scope has 14 capital-market topic headings; our five practice categories are study groupings.

Frequently Asked Questions

Which assessment does this practice cover?

It supports independent study for the medium and higher professional-competence examinations in the capital-market sector. These are written knowledge tests administered by NBS-authorized organizations. The highest-level odborná skúška s certifikátom for financial advisors is a separate written-and-oral assessment; this bank does not simulate that oral examination.

What is the current official test format?

Under the NBS examination rules effective 1 May 2026, each sector test has 5 general and 25 sector questions, each with three options and one correct answer. The time limit is 25 minutes, and at least 24 correct answers are needed. The ordinary medium/higher test has no additional oral, practical, assignment, or separately assessed case-study component.

What are the fees and official language options?

The fee is €50 per sector in Slovak or €200 in another offered language. AOCP currently advertises written-test options in Slovak, Czech, English, Hungarian, German and Ukrainian. Confirm the selected language and communication arrangements with the organizer when booking; language options are not separate exams.

Does passing the exam alone qualify me to practise?

No. Medium competence in capital markets requires at least secondary vocational education, one year of relevant sector practice, special financial education and the exam; higher competence requires at least secondary vocational education, three years of relevant practice, special financial education and the exam. Annual special financial education and successful examination at least every four years are ongoing requirements. Section 21(14)–(15) provides a limited supervised route for specified roles, generally for at most one year. Registration or authorization requirements also apply. These are professional-practice requirements, not a claim that all must precede booking an examination.

Does GFI protect against investment losses?

Garančný fond investícií covers protected client assets that become unavailable at a participating institution under the statutory conditions, up to €50,000 per eligible client. It does not compensate ordinary market losses or an issuer's failure to pay its own securities merely because those investments were held through a broker.

Is this an official NBS translation or exam simulation?

No. OpenExamPrep provides independent English-language MCQ study adaptation. The bank uses four options while the real test uses three. It preserves relevant Slovak terms but is not an official translation, an official-format or language-environment simulation, or a substitute for required training, professional experience, or performance practice.