FINRA Series7 Q&A - in .pdf

  • Series7 pdf
  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Sep 18, 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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FINRA Series7 Q&A - Testing Engine

  • Series7 Testing Engine
  • Exam Code: Series7
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FINRA Series7 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Obtains and Verifies Customers' Purchase and Sale Instructions and Agreements; Processes, Completes and Confirms Transactions7%- Trade execution and settlement
  • 1. Books and records requirements
  • 2. Trade processing
  • 3. Order handling
  • 4. Settlement and confirmations
Topic 2: Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records73%- Customer recommendations and transactions
  • 1. Asset transfers and record maintenance
  • 2. Suitability and best interest obligations
  • 3. Portfolio and risk considerations
- Investment products
  • 1. Equity securities
  • 2. Investment companies and variable products
  • 3. Debt securities
  • 4. Municipal securities
  • 5. Government securities
  • 6. Options
  • 7. Direct participation programs
Topic 3: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives11%- Customer accounts and documentation
  • 1. Account types and registrations
  • 2. Suitability and customer profile
  • 3. Customer identification requirements
Topic 4: Seeks Business for the Broker-Dealer from Customers and Potential Customers9%- Customer acquisition and prospecting
  • 1. Communications with the public
  • 2. Business development activities

FINRA General Securities Representative Examination (GS) Sample Questions:

Question #1

Bubba buys a municipal bond at a discount and holds it to maturity. Which of the following is true?

  • A. the capital gain is tax exempt
  • B. the capital gain is tax exempt, but the interest is taxable as ordinary income
  • C. interest is tax exempt, but the capital gain is taxable
  • D. interest is taxable as ordinary income
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

Which securities do not receive dividends?

  • A. preferred stock
  • B. warrants
  • C. common stock
  • D. ADRs
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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

Question #3

In order to determine the amount of estate tax due, if any, the assets of a decedent's estate are valued as
of the date of death. A second evaluation is then made:

  • A. three months after the date of death
  • B. at any time up to six months after the date of death
  • C. one year after the date of death
  • D. six months after the date of death
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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

Question #4

Which of the following is not provided for by Blue Sky laws?

  • A. registration of securities dealers
  • B. interstate mail fraud in securities offerings
  • C. registration of securities offered in the state
  • D. registration of representatives
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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

Question #5

Which of the following sets of prices is that of a closed-end investment company?

  • A. $28.14 $27.75
  • B. $7.50 $8.10
  • C. $20.15 $21.85
  • D. $10.10 $11.00
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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

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