FINRA Series7 : General Securities Representative Examination (GS)

Exam Code: Series7

Exam Name: General Securities Representative Examination (GS)

Updated: Aug 03, 2026

Q & A: 400 Questions and Answers

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FINRA Series7 Exam Syllabus Topics:

SectionObjectives
Topic 1: Job Functions Overview- 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. Maintains required documentation and recordkeeping standards
          • 3. Executes trades in accordance with customer instructions and regulations
            - Function 3: Provides Customers with Information About Investments and Makes Suitable Recommendations
            • 1. Explains characteristics, risks, and features of investment products
              • 2. Recommends equities, debt instruments, mutual funds, ETFs, options, and variable products
                • 3. Weight: ~73% of exam content
                  - 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

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      1. Which of the following is not prohibited of a general partner?

                      A) buying or selling assets of the partnership except to foster the business of the partnership
                      B) acting in such a way as to impede the orderly business of the partnership
                      C) accepting compensation from any other partnership
                      D) competing in any way with the partnership


                      2. Under which of the following conditions are homeowners most likely to refinance existing mortgages?

                      A) when interest rates are stable
                      B) when the yield curve is inverted
                      C) when interest rates fall
                      D) when interest rates rise


                      3. Bubba Corporation issued bonds that pay interest on January 15 and July 15 each year until maturity. An
                      investor purchasing these bonds on Monday, April 12, must pay the contract price plus accrued interest
                      for:

                      A) 93 days
                      B) 87 days
                      C) 89 days
                      D) 90 days


                      4. Which of the following is not usually an additional function of a mutual fund's custodial bank?

                      A) registrar
                      B) dividend disbursing agent
                      C) transfer agent
                      D) investment advisor


                      5. Bubba buys municipal bonds with a $100,000 principal amount at 89 on margin. His account has no cash
                      or securities. What is his minimum required deposit?

                      A) $22,500
                      B) $13,350
                      C) $50,000
                      D) $5,080


                      Solutions:

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

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