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FINRA Series7

Series7

Exam Code: Series7

Exam Name: General Securities Representative Examination (GS)

Updated: Aug 02, 2026

Q & A: 400 Questions and Answers

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Series7 exam dumps

FINRA Series7 Exam Syllabus Topics:

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

1. Which of the following statements about the custodian for an open-end mutual fund is correct?

A) the custodian takes part in the sale of fund shares
B) the custodian affords protection against decline in value of fund shares
C) the custodian performs all management, supervisory, or investment functions
D) the custodian may perform an essential clerical service for the fund and its shareholders


2. Bubba buys a 5% bond that matures in 15 years with a 5.10 basis. How much did he pay for the bond?

A) 98.96
B) 100.00
C) 5.00
D) 105.10


3. If recaptured deductions are added to income, recaptured investment tax credits are added to:

A) income
B) taxes
C) basis
D) gains


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) $12,000
B) $1,800
C) $3,000
D) $6,000


5. Bubba is long spot Canadian dollars at 0.7400. If he wants to buy one put option on Canadian dollars with
a strike price of 74 and a cost of $0.35, what is Bubba's breakeven price for Canadian dollars?

A) 0.4900
B) .07435
C) 0.7400
D) 0.7365


Solutions:

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

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