FINRA General Securities Representative Examination (GS) : Series7

  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Sep 18, 2026
  • Q & A: 400 Questions and Answers

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FINRA Series7 Exam Syllabus Topics:

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

FINRA General Securities Representative Examination (GS) Sample Questions:

Question #1

Which of the following is an acceptable deposit to answer an NYSE maintenance call?

  • A. SMA
  • B. all of the above
  • C. US savings bond
  • D. US treasury notes
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

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

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

Correct Answer: B  🗳️

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Question #3

In a competitive bidding for mortgage bonds of a large public utility the winning underwriter is determined
by:

  • A. the shortest maturity date for the bonds
  • B. the refunding and sinking fund terms in the indenture
  • C. the highest dollar amount paid to the issuer
  • D. the lowest net interest cost to the issuer
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

Bubba Corporation has a profit sharing plan. The company president, Bubba, is receiving the maximum
plan contribution amount. The corporation has one other employee, who is eligible for the plan. If this
person earns $12,000 per year, how much must be deposited in the plan for the employee?

  • A. $1,800
  • B. $3,000
  • C. $6,000
  • D. $12,000
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

In the offering of new securities, members of the syndicate are permitted to sell to other dealers less the
reallowance. The amount of the reallowance is determined by:

  • A. the SEC
  • B. the FINRA
  • C. the syndicate manager
  • D. the issuing corporation
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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