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FINRA Series7 : General Securities Representative Examination (GS)

Series7 real exams

Exam Code: Series7

Exam Name: General Securities Representative Examination (GS)

Updated: Aug 28, 2026

Q & A: 400 Questions and Answers

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FINRA Series7 Exam Syllabus Topics:

SectionWeightObjectives
Seeks Business for the Broker-Dealer from Customers and Potential Customers9%- Customer acquisition and prospecting
  • 1. Communications with the public
  • 2. Business development activities
Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives11%- Customer accounts and documentation
  • 1. Account types and registrations
  • 2. Suitability and customer profile
  • 3. Customer identification requirements
Obtains and Verifies Customers' Purchase and Sale Instructions and Agreements; Processes, Completes and Confirms Transactions7%- Trade execution and settlement
  • 1. Books and records requirements
  • 2. Order handling
  • 3. Settlement and confirmations
  • 4. Trade processing
Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records73%- Investment products
  • 1. Government securities
  • 2. Debt securities
  • 3. Direct participation programs
  • 4. Investment companies and variable products
  • 5. Municipal securities
  • 6. Equity securities
  • 7. Options
- Customer recommendations and transactions
  • 1. Asset transfers and record maintenance
  • 2. Suitability and best interest obligations
  • 3. Portfolio and risk considerations

FINRA General Securities Representative Examination (GS) Sample Questions:

Question 1

Bubba owns a subordinated debenture in a company that is liquidating. When will he get paid?

A. after the shareholders of preferred stock
B. before the holders of secured debt
C. after the company pays its outstanding bills, but before paying bank loans
D. after the bills are paid and the bank is paid, but before the preferred shareholders


Question 2

Bubba Corporation owes income tax. Which of the following may be tendered at par value for payment of
the tax?

A. special tax bond
B. tax anticipation bill
C. term bond
D. pre-issue bond


Question 3

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


Question 4

Which of the following sources provides news of prospective municipal securities sales to underwriters?

A. the daily Bond Buyer
B. the Blue List
C. The Wall Street Journal
D. the SEC News Digest


Question 5

With respect to the public offering of securities by an underwriting syndicate, which of the following is
true?

A. the reallowance is greater than the underwriting spread
B. the underwriting spread is greater than the selling concession
C. the selling concession is greater than the underwriting spread
D. the reallowance is greater than the selling concession


Solutions:

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

Series7 Related Exams
Series6 - Investment Company and Variable Contracts Products Representative Examination (IR)
Series_63 - Uniform Securities Agent State Law Examination
Related Certifications
Uniform Securities State Law
General Securities Representative
FINRA Certification
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