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The FINRA Series-7 exam consists of 125 multiple-choice questions, which must be completed within a time limit of 225 minutes. Candidates must score at least 72% to pass the exam, and the test is administered by Pearson VUE test centers across the United States. Series-7 exam is computer-based and is designed to test the candidate's knowledge of the securities industry and their ability to apply that knowledge in real-world scenarios.

Reference: https://www.finra.org/registration-exams-ce/qualification-exams/series7

FINRA Series-7 (General Securities Representative Qualification Examination) exam is a proficiency test for individuals seeking to become licensed securities representatives. Series-7 exam is administered by the Financial Industry Regulatory Authority (FINRA) and is required by most states and financial firms for professionals looking to sell securities. The purpose of the exam is to ensure that the individual has the necessary knowledge, skills and abilities to perform their duties as a securities representative.

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The Series-7 exam covers a wide range of topics related to the securities industry, including investment products, securities markets, and regulatory requirements. Series-7 exam is divided into two parts, with each part consisting of 125 multiple-choice questions. The first part covers general securities knowledge, while the second part focuses on specific areas of expertise.