FINRA Series7 Q&A - in .pdf

  • Series7 pdf
  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Nov 01, 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: Nov 01, 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: Nov 01, 2026
  • Q & A: 400 Questions and Answers
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FINRA Series7 Exam Syllabus Topics:

SectionObjectives
Topic 1: 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 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 3: Provides Customers with Information About Investments and Makes Suitable Recommendations
            • 1. Weight: ~73% of exam content
              • 2. Recommends equities, debt instruments, mutual funds, ETFs, options, and variable products
                • 3. Explains characteristics, risks, and features of investment products
                  - 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

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      Question #1

                      The FINRA Conduct Rules permit a transaction made "seller's option" to be delivered earlier than the
                      expiration of the contract if:

                      • A. the client requests it
                      • B. the buyer is a non-clearing member
                      • C. the seller is located in New York City
                      • D. the buyer is given one day notice in writing
                      Reveal Solution  Discussion  0

                      Correct Answer: D  🗳️

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

                      Question #2

                      A withdrawal from a Roth IRA may be a qualified distribution if the Roth IRA has been open for at least:

                      • A. 5 years
                      • B. 2 years
                      • C. 90 days
                      • D. one year
                      Reveal Solution  Discussion  0

                      Correct Answer: A  🗳️

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

                      Question #3

                      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. $5,500
                      • C. unlimited
                      • D. $500
                      Reveal Solution  Discussion  0

                      Correct Answer: D  🗳️

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

                      Question #4

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

                      • A. money spread
                      • B. calendar spread
                      • C. combination
                      • D. straddle
                      Reveal Solution  Discussion  0

                      Correct Answer: A  🗳️

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

                      Question #5

                      Provisions of SEC Rule 145 normally apply to an exchange of one security for another as a result of:

                      • A. a stock split
                      • B. a "no-sale" ruling issued by the SEC
                      • C. a change in par value
                      • D. a merger
                      Reveal Solution  Discussion  0

                      Correct Answer: D  🗳️

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