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FINRA General Securities Representative Examination (GS) : Series7 Exam

Series7 Exam Questions
  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Sep 04, 2026
  • Q & A: 400 Questions and Answers
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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. Maintains required documentation and recordkeeping standards
        • 2. Weight: ~11% of exam content
          • 3. Executes trades in accordance with customer instructions and regulations
            - Function 2: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile
            • 1. Determines investment objectives, risk tolerance, and financial situation
              • 2. Ensures compliance with suitability and regulatory requirements
                - 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. Explains characteristics, risks, and features of investment products
                    • 3. Weight: ~73% of exam content

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      Question #1

                      Which of the following is associated with an income oil and gas partnership?

                      • A. high intangible drilling costs
                      • B. capital appreciation
                      • C. the risk of dry holes
                      • D. cash flow and depletion allowance
                      Answer: D

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

                      Question #2

                      Which of the following sets out the details for the management board of condominiums, including the
                      board's powers and limitations?

                      • A. rental agreement
                      • B. loan agreement
                      • C. master deed
                      • D. bylaws
                      Answer: D

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

                      Question #3

                      Which of the following securities has the highest amount of market risk?

                      • A. US treasury bills
                      • B. savings bank deposits
                      • C. US treasury certificates
                      • D. US treasury notes
                      Answer: D

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

                      Question #4

                      Which of the following statements is pertinent to closed-end investment companies?

                      • A. they are continuously issuing new shares
                      • B. their shares are traded at prices determined in the open market
                      • C. their shares are redeemable at net asset value
                      • D. they are prohibited from issuing any securities other than common stock
                      Answer: B

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

                      Question #5

                      Prospective bidders for a municipal bond being issued should consult what document for relevant
                      procedures?

                      • A. the Eastern account agreement
                      • B. the official notice of sale
                      • C. the offering circular
                      • D. the SEC Registration Statement
                      Answer: B

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

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