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, PrepAwayPDF 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)
  • Certification Provider: FINRA
  • Corresponding Certification: FINRA Certification
  • Updated: Sep 22, 2026
  • No. of Questions: 400 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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FINRA Series7 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives11%- Customer accounts and documentation
  • 1. Customer identification requirements
  • 2. Account types and registrations
  • 3. Suitability and customer profile
Topic 2: 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. Municipal securities
  • 2. Options
  • 3. Equity securities
  • 4. Investment companies and variable products
  • 5. Government securities
  • 6. Direct participation programs
  • 7. Debt securities
Topic 3: Seeks Business for the Broker-Dealer from Customers and Potential Customers9%- Customer acquisition and prospecting
  • 1. Communications with the public
  • 2. Business development activities
Topic 4: Obtains and Verifies Customers' Purchase and Sale Instructions and Agreements; Processes, Completes and Confirms Transactions7%- Trade execution and settlement
  • 1. Order handling
  • 2. Trade processing
  • 3. Settlement and confirmations
  • 4. Books and records requirements

FINRA General Securities Representative Examination (GS) Sample Questions:

A financial institution requesting a quote on a block of 100 bonds from a dealer in government securities
receives a quote of 98.02 bid, 98.06 asked. What is the dollar amount the institution will receive if the
financial institution sells these bonds to the dealer?''

  • A. $98,187.50
  • B. $98,750.00
  • C. $98,250.00
  • D. $98,062.50
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Bubba purchases 100 shares of XYZ at 78 and, on the same day, writes 1 XYZ October 80 call for a
premium of 4. If the option expires unexercised, what is Bubba's profit on the 100 shares of stock?

  • A. cannot be determined
  • B. $600
  • C. $400
  • D. $200
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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The Bubba Fund is a load mutual fund that offers a reinvestment plan. What does this mean?

  • A. holders of fund shares are permitted to regularly purchase additional shares at the bid price
  • B. no federal income taxes are paid on dividends and capital gain distributions from the fund
  • C. purchasers of fund shares must agree to make regular investments over a period of years
  • D. income, dividend, and capital gain distributions may be automatically used to purchase new shares of
    the fund
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Which of the following forms of underwriting is least likely for an offering of municipal bonds?

  • A. best efforts
  • B. competitive bid
  • C. firm commitment
  • D. negotiated
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Which of the following has the least active secondary market:

  • A. certificates of deposit
  • B. treasury bills
  • C. commercial paper
  • D. banker's acceptances
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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