General Securities Representative Examination (GS): Series7 Exam
"General Securities Representative Examination (GS)", also known as Series7 exam, is a FINRA Certification. With the complete collection of questions and answers, Pass4sureCert has assembled to take you through 400 Q&As to your Series7 Exam preparation. In the Series7 exam resources, you will cover every field and category in FINRA Certification Certification helping to ready you for your successful FINRA Certification.
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FINRA Series7 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Obtains and Verifies Customers' Purchase and Sale Instructions and Agreements; Processes, Completes and Confirms Transactions | 7% | - Trade execution and settlement
|
| Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records | 73% | - Customer recommendations and transactions
|
| Seeks Business for the Broker-Dealer from Customers and Potential Customers | 9% | - Customer acquisition and prospecting
|
| Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives | 11% | - Customer accounts and documentation
|
FINRA General Securities Representative Examination (GS) Sample Questions:
Question 1
Which of the following organizations usually has a prominent role in guiding investment policies of mutual
funds?
A. the plan company
B. the management group
C. the custodian bank
D. the underwriter
Question 2
Bubba buys one XYZ November 65 call at $3 and one XYZ November 65 put at $2. XYZ is trading at $72.
The put expires and the call is closed at its intrinsic value. What is the resulting profit?
A. $200
B. $700
C. $300
D. $500
Question 3
What is the term applied to a classification of CMO securities having a stated maturity, average life, and
estimated yield?
A. tranche
B. bucket
C. tier
D. bracket
Question 4
Which of the following would not normally be a function of an investment banker?
A. providing short-term capital needs to client companies
B. underwriting new issues of securities
C. assisting in large secondary offerings of securities
D. providing long-term capital needs to client companies
Question 5
Approval for a registered investment company to change is investment objective from income to growth is
required from which of the following?
A. a majority of the shareholders
B. the FINRA
C. the SEC
D. all of the above
Solutions:
| Question 1 Answer: B | Question 2 Answer: A | Question 3 Answer: A | Question 4 Answer: A | Question 5 Answer: A |
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