FINRA Series7 exam : General Securities Representative Examination (GS)

Series7 Exam Simulator
  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Sep 21, 2026
  • Q & A: 400 Questions and Answers

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FINRA Series7 Exam Syllabus Topics:

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

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      Question #1

                      Which of the following is considered a firm quotation in the over-the-counter market?

                      • A. 27.50
                      • B. both B and C
                      • C. 27.50 subject
                      • D. 27.50 workout
                      Reveal Solution  Discussion  0

                      Correct Answer: A  🗳️

                      Explanation: Only visible for Exam4PDF members. You can sign-up / login (it's free).

                      Question #2

                      Which of the following statements about mutual fund fees is accurate?

                      • A. the management group receives a fee based upon the amount of assets in the fund
                      • B. the management group receives part of the sales charge in addition to a management fee
                      • C. the custodian receives part of the management fee in addition to a fee for safekeeping of the fund's
                        securities
                      • D. the sponsor receives a management fee for buying and selling the fund's portfolio securities
                      Reveal Solution  Discussion  0

                      Correct Answer: A  🗳️

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                      Question #3

                      Which of the following stock exchanges is not registered with the SEC?

                      • A. Pacific Stock Exchange
                      • B. Chicago Stock Exchange
                      • C. Boston Stock Exchange
                      • D. all are registered
                      Reveal Solution  Discussion  0

                      Correct Answer: D  🗳️

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                      Question #4

                      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. rejection
                      • B. close-out
                      • C. reclamation
                      • D. re-delivery
                      Reveal Solution  Discussion  0

                      Correct Answer: C  🗳️

                      Explanation: Only visible for Exam4PDF members. You can sign-up / login (it's free).

                      Question #5

                      When pricing callable municipal bonds, the "price to call" is based upon which of the following?

                      • A. partial calls
                      • B. in-whole calls
                      • C. catastrophe calls
                      • D. sinking fund calls
                      Reveal Solution  Discussion  0

                      Correct Answer: B  🗳️

                      Explanation: Only visible for Exam4PDF members. You can sign-up / login (it's free).

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