FINRA Series7 exam : General Securities Representative Examination (GS)

Series7 Exam Simulator
  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Aug 02, 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. Weight: ~73% of exam content
    • 2. Recommends equities, debt instruments, mutual funds, ETFs, options, and variable products
      • 3. Explains characteristics, risks, and features of investment products
        - Function 4: Processes Orders and Maintains Appropriate Records
        • 1. Maintains required documentation and recordkeeping standards
          • 2. Weight: ~11% of exam content
            • 3. Executes trades in accordance with customer instructions and regulations
              - 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 2: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile
                  • 1. Ensures compliance with suitability and regulatory requirements
                    • 2. Determines investment objectives, risk tolerance, and financial situation

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      1. Who owns a corporation?

                      A) the holders of common stock and the holders of preferred stock
                      B) the government
                      C) the owners of debentures
                      D) the holders of common stock


                      2. Bubba Corporation has a registered public offering of 500,000 shares at $36. Of these, 300,000 shares
                      were authorized by unissued and 200,000 shares were sold on behalf of an affiliated person. What is
                      evident from this information?

                      A) both B and C
                      B) 60% of the proceeds are paid to the corporation and the balance accrues to the affiliated person
                      C) the entire proceeds of the offering are a primary offering accruing to the corporation
                      D) 300,000 shares are identified as a primary distribution


                      3. Municipal bonds would be least attractive as an investment for which of the following?

                      A) the executive officer of an industrial corporation in the highest income tax bracket
                      B) a commercial bank
                      C) an insurance company
                      D) a pension fund


                      4. Bubba owns 200 shares of XYZ at $90, and wishes to hedge the position while generating income. What
                      is the best recommendation?

                      A) buy puts
                      B) sell puts
                      C) sell calls
                      D) buy calls


                      5. Which of the following rights does an ADR holder not have?

                      A) the right to vote for your mother-in-law as a board member
                      B) the right to transfer ownership
                      C) preemptive rights
                      D) the right to see financial statements


                      Solutions:

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

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