Paraguay President Under Criminal Investigation After Major Digital Bank Collapse

Study the questions and tasks

Work through the material below, or start the interactive practice above to complete an attempt. Try the exercises before opening any answer or transcript sections, then use them to review your work.

Practice level

C1. Try this level if you can follow the instructions and understand most of the language; choose an earlier level if you need more support.

Question formats

Single choice

How to approach this practice

Read the passage for its main idea, then return to the relevant sentence or paragraph for each question. Base answers on the passage.

1. Question 1 · Single choice

   Choose one answer.

   Which statement best captures the article’s central emphasis?

   Return to the passage, recording or visual
   1. The inquiry proves that Peña caused the bank’s failure.
   2. The account reports an inquiry while stressing the limits of established facts.
   3. The article explains why digital banks are inherently unsafe.
   4. The political transition is shown to have caused the collapse.
   Check answers and explanations

   Answer

   The account reports an inquiry while stressing the limits of established facts.

   It distinguishes the announced inquiry from unestablished conclusions.

   Until those elements are established, the case should be described as an investigation rather than as proof of misconduct.

2. Question 2 · Single choice

   Choose one answer.

   What does “Those developments” refer to in paragraph one?

   Return to the passage, recording or visual
   1. The bank’s failure and change in political leadership
   2. The investigation’s scope and possible charges
   3. Digital channels and physical branches
   4. The evidence and suspected offense
   Check answers and explanations

   Answer

   The bank’s failure and change in political leadership

   The phrase points back to the bank failure and political events.

   Those developments place the bank’s failure and a change in the country’s political leadership within the same unfolding episode.

3. Question 3 · Single choice

   Choose one answer.

   What conclusion about causation does the article support?

   Return to the passage, recording or visual
   1. The investigation caused the bank’s collapse.
   2. The collapse forced Peña’s resignation.
   3. The events’ order does not establish that either caused the other.
   4. The political transition explains the inquiry’s legal basis.
   Check answers and explanations

   Answer

   The events’ order does not establish that either caused the other.

   The sequence of events alone cannot establish a causal link.

   However, chronology alone cannot show that one event caused the other.

4. Question 4 · Single choice

   Choose one answer.

   Why does the article mention questions about funds and responsibilities?

   Return to the passage, recording or visual
   1. To identify the specific offense under investigation
   2. To explain possible general concerns without asserting they apply here
   3. To show that Peña controlled the bank’s funds
   4. To establish that regulators found evidence of misconduct
   Check answers and explanations

   Answer

   To explain possible general concerns without asserting they apply here

   It provides general context while withholding case-specific claims.

   These are general issues associated with bank failures; the available facts do not establish which, if any, apply in this case.

5. Question 5 · Single choice

   Choose one answer.

   Which pair of events does the article place in close proximity?

   Return to the passage, recording or visual
   1. A bank failure and a political transition
   2. A court ruling and an election campaign
   3. A branch closure and a new banking law
   4. A criminal conviction and a presidential appointment
   Check answers and explanations

   Answer

   A bank failure and a political transition

   The article links financial failure and political transition in timing.

   The timing makes the case notable because it brings a major financial failure into close proximity with a consequential political transition.

6. Question 6 · Single choice

   Choose one answer.

   Which detail is explicitly absent from the verified account?

   Return to the passage, recording or visual
   1. The name of the president
   2. The fact that prosecutors announced an inquiry
   3. The evidence involved in the investigation
   4. The sequence of announcement and political events
   Check answers and explanations

   Answer

   The evidence involved in the investigation

   The article states that the evidence is undescribed.

   The account does not identify a suspected offense, describe evidence, or say whether the investigation concerns the bank’s collapse directly.

7. Question 7 · Single choice

   Choose one answer.

   How does the article characterize the significance of the announcement?

   Return to the passage, recording or visual
   1. As a final determination of guilt
   2. As procedural and political, with key outcomes unresolved
   3. As proof that the bank collapse was politically directed
   4. As a routine banking change unrelated to public office
   Check answers and explanations

   Answer

   As procedural and political, with key outcomes unresolved

   It frames significance through process and political context.

   The immediate significance is therefore procedural as well as political: prosecutors have announced an investigation involving a sitting Paraguayan president in the aftermath of a major digital bank’s collapse, with the announcement following Peña’s resignation and impeachment.

What to review next

Find the words that support each answer. For a mistake, compare the question with the evidence and identify the detail or inference you missed.

A focused practice result shows how you did on these tasks. Use several activities across skills to decide what to study next; one practice score does not certify an overall CEFR level.

Before you practise: a worked example

Look for evidence in the text. Separate what the writer says from what you already know about the topic.

The library normally closes at six, but on Fridays it stays open until eight. When does it close on Friday?

The answer is eight. But introduces an exception to the normal closing time, so the first time mentioned is not the answer.

This teaching example is separate from the scored questions. After your test, compare any mistakes with the explanation and revisit the topic before trying again.