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)
  • Total Questions: 400

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FINRA Series7 Exam Syllabus Topics:

SectionObjectives
Topic 1: Job Functions Overview- 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. Weight: ~73% of exam content
        • 2. Recommends equities, debt instruments, mutual funds, ETFs, options, and variable products
          • 3. Explains characteristics, risks, and features of investment products
            - Function 1: Seeks Business for the Broker-Dealer
            • 1. Opens accounts after obtaining and evaluating customer financial information
              • 2. Identifies investment opportunities and solicits new clients
                - Function 4: Processes Orders and Maintains Appropriate Records
                • 1. Weight: ~11% of exam content
                  • 2. Executes trades in accordance with customer instructions and regulations
                    • 3. Maintains required documentation and recordkeeping standards

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      1. Which of the following is not classified as a money market instrument?

                      A) treasury bills
                      B) American Depository Receipts
                      C) commercial paper
                      D) banker's acceptances


                      2. The return by the receiving party of securities previously accepted for delivery or a demand by the
                      delivering party for return of securities that have been delivered is called:

                      A) reclamation
                      B) re-delivery
                      C) close-out
                      D) rejection


                      3. Which of the following receives the highest priority of a municipal bond trustee when applying income and
                      revenue derived from a financed toll facility?

                      A) reserve maintenance fund
                      B) renewal and replacement fund
                      C) bond service account fund
                      D) operation and maintenance fund


                      4. Which of the following organizations usually has a prominent role in guiding investment policies of mutual
                      funds?

                      A) the management group
                      B) the custodian bank
                      C) the plan company
                      D) the underwriter


                      5. The Securities Act of 1933 provides for:

                      A) all of the above
                      B) regulation of new issues of securities
                      C) extension of credit in the securities industry
                      D) establishment of the Securities and Exchange Commission


                      Solutions:

                      Question # 1
                      Answer: B
                      Question # 2
                      Answer: A
                      Question # 3
                      Answer: D
                      Question # 4
                      Answer: A
                      Question # 5
                      Answer: B

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