FINRA General Securities Representative Examination (GS) : Series7

Series7 pass collection

Exam Code: Series7

Exam Name: General Securities Representative Examination (GS)

Updated: Aug 19, 2026

Q & A: 400 Questions and Answers

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About FINRA General Securities Representative Examination (GS) : Series7

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FINRA Series7 Exam Syllabus Topics:

SectionObjectives
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. Weight: ~73% of exam content
      • 3. Explains characteristics, risks, and features of investment products
        - 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
              - 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

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      1. Which of the following is normally the largest asset of a manufacturing company?

                      A) sales
                      B) accounts receivable
                      C) notes receivable
                      D) inventory


                      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. The most common type of bond issued by a well-established company is:

                      A) an open-end mortgage
                      B) a debenture
                      C) a convertible
                      D) a senior secured note


                      4. An "accumulation unit" of a variable annuity is used to determine which of the following?

                      A) the amount of annuity payments to be paid to the owner
                      B) the amount returned to the annuitant upon redemption of the account
                      C) the amount to be passed to the annuitant's beneficiary
                      D) the value of the annuitant's contract before annuity payments begin


                      5. What Federal Reserve Board regulation governs the extension of securities-related credit by banks?

                      A) Regulation G
                      B) Regulation T
                      C) Regulation X
                      D) Regulation U


                      Solutions:

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

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