FINRA Series7 : General Securities Representative Examination (GS)

  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Sep 23, 2026
  • Q & A: 400 Questions and Answers

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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. Trade processing
  • 2. Books and records requirements
  • 3. Settlement and confirmations
  • 4. Order handling
Seeks Business for the Broker-Dealer from Customers and Potential Customers9%- Customer acquisition and prospecting
  • 1. Business development activities
  • 2. Communications with the public
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
Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records73%- Customer recommendations and transactions
  • 1. Suitability and best interest obligations
  • 2. Portfolio and risk considerations
  • 3. Asset transfers and record maintenance
- Investment products
  • 1. Government securities
  • 2. Direct participation programs
  • 3. Investment companies and variable products
  • 4. Municipal securities
  • 5. Equity securities
  • 6. Debt securities
  • 7. Options

FINRA General Securities Representative Examination (GS) Sample Questions:

Question #1

An offering price of 102 plus accrued interest applies to which of the following securities?

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

Correct Answer: A  🗳️

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Question #2

Which of the following securities provides the longest term of option privilege?

  • A. warrants
  • B. rights
  • C. calls
  • D. puts
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

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

  • A. the underwriter
  • B. the custodian bank
  • C. the management group
  • D. the plan company
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

Bubba buys one XYZ September 50 call at $7 and sells one XYZ September 60 call at $3. At that time,
XYZ stock is at $55. Bubba has no other stock positions. What is Bubba's maximum possible profit?

  • A. $1,000
  • B. $500
  • C. $600
  • D. unlimited
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

When a member firm buys or sells securities directly as principal with a public customer, it is acting as:

  • A. a dealer
  • B. an agent
  • C. a broker
  • D. none of the above
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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