FINRA Series7 : General Securities Representative Examination (GS)

Series7 pass collection

Exam Code: Series7

Exam Name: General Securities Representative Examination (GS)

Updated: Jul 17, 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. Identifies investment opportunities and solicits new clients
    • 2. Opens accounts after obtaining and evaluating customer financial information
      - 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. 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. Maintains required documentation and recordkeeping standards
                    • 3. Weight: ~11% of exam content

                      FINRA General Securities Representative Examination (GS) Sample Questions:

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

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


                      2. Bubba buys a municipal bond at a discount and holds it to maturity. Which of the following is true?

                      A) interest is taxable as ordinary income
                      B) the capital gain is tax exempt
                      C) interest is tax exempt, but the capital gain is taxable
                      D) the capital gain is tax exempt, but the interest is taxable as ordinary income


                      3. Which are the primary considerations in evaluating the worth of a limited partnership?

                      A) the size of the tax deductions
                      B) the adequacy of funding
                      C) both B and C
                      D) the cost of assets


                      4. What is the name for the rate of discount from the list price that is paid to a municipal securities
                      underwriting group member for its sales participation?

                      A) commission
                      B) concession
                      C) spread
                      D) takedown


                      5. The agreement between the members of a syndicate and the manager is known as the:

                      A) selling agreement
                      B) agreement among underwriters
                      C) underwriting agreement
                      D) standby agreement


                      Solutions:

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

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