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.

  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Total Questions: 400

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FINRA Series7 Exam Syllabus Topics:

SectionWeightObjectives
Obtains and Verifies Customers' Purchase and Sale Instructions and Agreements; Processes, Completes and Confirms Transactions7%- Trade execution and settlement
  • 1. Books and records requirements
  • 2. Order handling
  • 3. Trade processing
  • 4. Settlement and confirmations
Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records73%- Customer recommendations and transactions
  • 1. Asset transfers and record maintenance
  • 2. Portfolio and risk considerations
  • 3. Suitability and best interest obligations
- Investment products
  • 1. Options
  • 2. Equity securities
  • 3. Investment companies and variable products
  • 4. Municipal securities
  • 5. Direct participation programs
  • 6. Debt securities
  • 7. Government securities
Seeks Business for the Broker-Dealer from Customers and Potential Customers9%- Customer acquisition and prospecting
  • 1. Communications with the public
  • 2. Business development activities
Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives11%- Customer accounts and documentation
  • 1. Account types and registrations
  • 2. Customer identification requirements
  • 3. Suitability and customer profile

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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