FINRA Series7 Exam Questions : General Securities Representative Examination (GS)

  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Sep 13, 2026
  • Q&As: 400 Questions and Answers

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FINRA Series7 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: 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. Books and records requirements
  • 4. Settlement and confirmations
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. Direct participation programs
  • 2. Municipal securities
  • 3. Equity securities
  • 4. Investment companies and variable products
  • 5. Options
  • 6. Debt securities
  • 7. Government 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: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives11%- Customer accounts and documentation
  • 1. Suitability and customer profile
  • 2. Customer identification requirements
  • 3. Account types and registrations

FINRA General Securities Representative Examination (GS) Sample Questions:

Question #1

A leveraged company is best described as one that has a small portion of its capitalization represented
by:

  • A. convertible bonds
  • B. preferred stock
  • C. debentures
  • D. common stock
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

Reinvestment of dividends and distributions from investment company shares:

  • A. makes possible the purchase of fund shares at a price below net asset value
  • B. results in compounding of shares, which can be an important factor for investment growth
  • C. permits deferment of all federal income taxes on dividends and distributions until the investment is
    liquidated
  • D. all of the above
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

Bubba held one XYZ July 30 listed call option when XYZ split 2 for 1. What is the resulting position Bubba
has on the Option Clearing Corporation's record?

  • A. long one XYZ July 30 call and short one XYZ July 30 call
  • B. long one XYZ July 30 call
  • C. long two XYZ July 15 calls
  • D. long two XYZ July 30 calls
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

Regulation T is set at 50%. Bubba's account contains long positions in the following securities with the
prices listed
1 00 ABC $30
2 00 XYZ $70
2 00 QBB $40
2 00 KKK $25
Total market value = $30,000
Debit balance in the account = $12,000
Net equity balance of the account = $18,000
If Bubba wants to buy 100 shares of DUM at $30 per share, how much additional money must be
deposited?

  • A. $1,500
  • B. $0
  • C. $2,000
  • D. $3,000
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

For what time period does a Form 144 remain in effect?

  • A. one year
  • B. 60 days
  • C. 30 days
  • D. 90 days
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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