FINRA Series7 : General Securities Representative Examination (GS)

  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Sep 02, 2026     Q & A: 400 Questions and Answers

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Following are some reference material for actual FINRA Series7 exam test

FINRA Series7 Exam Syllabus Topics:

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

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      Question 1

                      With respect to the public offering of securities by an underwriting syndicate, which of the following is
                      true?

                      A. the underwriting spread is greater than the selling concession
                      B. the selling concession is greater than the underwriting spread
                      C. the reallowance is greater than the underwriting spread
                      D. the reallowance is greater than the selling concession


                      Question 2

                      Bubba buys one XYZ October 80 put and sells one XYZ October 70 put. What is his position called?

                      A. combination
                      B. straddle
                      C. money spread
                      D. calendar spread


                      Question 3

                      CMOs are sold and priced based upon which of the following:

                      A. stated maturity
                      B. current yield
                      C. par value
                      D. expected average life


                      Question 4

                      An investment company acting as a conduit in the distribution of net investment income, pursuant to IRS
                      rules, is called:

                      A. diversified
                      B. balanced
                      C. dual-purpose
                      D. regulated


                      Question 5

                      A large manufacturing company has current assets of approximately $9,400,000 and current liabilities of
                      about $4,900,000. Which of the following statements is true about the current ratio?

                      A. it is substantially below the standard minimum
                      B. it is somewhat above the standard minimum
                      C. it is somewhat below the standard minimum
                      D. it is about the standard minimum


                      Solutions:

                      Question 1
                      Answer: A
                      Question 2
                      Answer: C
                      Question 3
                      Answer: D
                      Question 4
                      Answer: D
                      Question 5
                      Answer: C

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