FINRA Series7 Q&A - in .pdf

  • Series7 pdf
  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Sep 12, 2026
  • Q & A: 400 Questions and Answers
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  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
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  • Updated: Sep 12, 2026
  • Q & A: 400 Questions and Answers
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FINRA Series7 Q&A - Testing Engine

  • Series7 Testing Engine
  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Sep 12, 2026
  • Q & A: 400 Questions and Answers
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FINRA Series7 Exam Syllabus Topics:

SectionObjectives
Topic 1: Job Functions Overview- Function 4: Processes Orders and Maintains Appropriate Records
  • 1. Weight: ~11% of exam content
    • 2. Maintains required documentation and recordkeeping standards
      • 3. Executes trades in accordance with customer instructions and regulations
        - 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 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. Recommends equities, debt instruments, mutual funds, ETFs, options, and variable products
                  • 2. Explains characteristics, risks, and features of investment products
                    • 3. Weight: ~73% of exam content

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      Question #1

                      An advertisement for a CMO security by a member of FINRA should disclose which of the following?

                      • A. that the yield may be greater than the stated percentage but never less
                      • B. that the stated yield is an estimate that may vary passed upon prepayments and market factors
                      • C. the yield based upon the prevailing discount rate
                      • D. the exact yield investor will earn
                      Reveal Solution  Discussion  0

                      Correct Answer: B  🗳️

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                      Question #2

                      How much currency is one mil worth?

                      • A. one-tenth of $1,000
                      • B. one-tenth of $100
                      • C. one-tenth of one cent
                      • D. one-tenth of $1
                      Reveal Solution  Discussion  0

                      Correct Answer: D  🗳️

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                      Question #3

                      An excerpt from a recent tombstone ad reveals bonds offered publicly at 101. Why were they priced at a
                      premium?

                      • A. to provide the issuer with a larger deduction from pre-tax earnings for higher than usual interest
                        payments
                      • B. to reflect prevailing credit ratings and market conditions for the issuer
                      • C. to enable investors to establish a tax loss when the bonds are redeemed at maturity
                      • D. to comply with SEC rules mandating such pricing for debt issues maturing in the year 2000 and
                        thereafter
                      Reveal Solution  Discussion  0

                      Correct Answer: B  🗳️

                      Explanation: Only visible for DumpsTorrent members. You can sign-up / login (it's free).

                      Question #4

                      Bubba is buying a treasury bill. The discount he receives results in Bubba's determination of:

                      • A. nominal yield
                      • B. face value
                      • C. rate of return
                      • D. yield to call
                      Reveal Solution  Discussion  0

                      Correct Answer: C  🗳️

                      Explanation: Only visible for DumpsTorrent members. You can sign-up / login (it's free).

                      Question #5

                      Service charges by a FINRA dealer for transfer and safekeeping of customer securities held in street
                      name:

                      • A. may not be levied unless there is no trading in the account for more than six months
                      • B. may be levied only if the charge if fair, reasonable, and non-discriminatory
                      • C. may be levied only if the security has a value of less than $5,000
                      • D. may not be levied under FINRA Conduct Rules
                      Reveal Solution  Discussion  0

                      Correct Answer: B  🗳️

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