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FINRA Series7 : General Securities Representative Examination (GS)

Series7 real exams

Exam Code: Series7

Exam Name: General Securities Representative Examination (GS)

Updated: Aug 12, 2026

Q & A: 400 Questions and Answers

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About FINRA Series7 Exam

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FINRA Series7 Exam Syllabus Topics:

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

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      1. The principal underwriter of an open-end investment company is frequently called:

                      A) participating investment advisor
                      B) selling group member
                      C) sponsor
                      D) investment counselor


                      2. Bubba Corporation owes income tax. Which of the following may be tendered at par value for payment of
                      the tax?

                      A) special tax bond
                      B) tax anticipation bill
                      C) term bond
                      D) pre-issue bond


                      3. In stabilizing a new issue, the manager may make a "syndicate penalty bid". This means that:

                      A) the manager will charge the syndicate the value of the shares
                      B) the underwriter will be penalized his profit on any securities repurchased from his clients
                      C) all stock purchased will be returned to the issuing corporation
                      D) any shares repurchased are added to the treasury stock of the issuing corporation


                      4. 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) 0.7400
                      C) 0.7365
                      D) .07435


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

                      A) a "no-sale" ruling issued by the SEC
                      B) a change in par value
                      C) a stock split
                      D) a merger


                      Solutions:

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

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