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Instant Download FINRA : Series7 Questions & Answers as PDF & Test Engine

Series7
  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Jul 24, 2026
  • No. of Questions: 400 Questions and Answers
  • Download Limit: Unlimited
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FINRA Series7 Exam Syllabus Topics:

SectionObjectives
Job Functions Overview- Function 1: Seeks Business for the Broker-Dealer
  • 1. Identifies investment opportunities and solicits new clients
    • 2. Opens accounts after obtaining and evaluating customer financial information
      - Function 2: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile
      • 1. Determines investment objectives, risk tolerance, and financial situation
        • 2. Ensures compliance with suitability and regulatory requirements
          - Function 4: Processes Orders and Maintains Appropriate Records
          • 1. Maintains required documentation and recordkeeping standards
            • 2. Executes trades in accordance with customer instructions and regulations
              • 3. Weight: ~11% of exam content
                - Function 3: Provides Customers with Information About Investments and Makes Suitable Recommendations
                • 1. Explains characteristics, risks, and features of investment products
                  • 2. Recommends equities, debt instruments, mutual funds, ETFs, options, and variable products
                    • 3. Weight: ~73% of exam content

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      1. A typical money market instrument carries which of the following?

                      A) medium-term maturity date
                      B) short-term maturity date
                      C) long-term maturity date
                      D) serial bond maturity date


                      2. The maximum contribution an employer may make to a SEP-IRA is:

                      A) $5,000
                      B) 25% of employee compensation
                      C) $4,000
                      D) 100% of employee compensation


                      3. Bubba buys a US treasury bond. The interest he earns is:

                      A) subject to federal and state income tax
                      B) subject to state income tax but exempt from federal income tax
                      C) subject to federal income tax but exempt from state income tax
                      D) exempt from federal and state income tax


                      4. The public offering price of the securities of an open-end management investment company is:

                      A) the price used by distributors in determining sales incentive discounts to individual purchasers
                      B) determined by a method set forth in the prospectus of the issuer
                      C) determined by the relative demand for the shares of the issuer
                      D) based upon net asset value of the securities underlying the shares of the issuer plus a 10 % sales
                      charge


                      5. Bubba sells 100 shares of XYZ short at $58 and buys 1 XYZ Mar 60 Call at $3. What is the customer's
                      maximum loss?

                      A) $100
                      B) $500
                      C) unlimited
                      D) $5,500


                      Solutions:

                      Question # 1
                      Answer: B
                      Question # 2
                      Answer: B
                      Question # 3
                      Answer: C
                      Question # 4
                      Answer: B
                      Question # 5
                      Answer: B

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