Try and practice the latest FINRA : Series7 real questions & answers

Last Updated: Oct 03, 2026

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FINRA Series7 Exam Syllabus Topics:

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

FINRA General Securities Representative Examination (GS) Sample Questions:

Question #1

Which of the following is not a practice of a mutual fund custodian?

  • A. changing shareholder registrations on the fund's records
  • B. maintaining sales records for the fund's underwriter
  • C. lending the fund's securities to banks or broker/dealers
  • D. disbursing dividends and capital gains to the fund's shareholders
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

Which of the following best describes depreciation?

  • A. deductions from gross income to offset lower value of equipment
  • B. tax credit available to investors in heavy equipment
  • C. return of principal from real estate investors
  • D. capitalized an amortized maintenance costs
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Correct Answer: A  🗳️

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Question #3

A CMO is issued that has three tranches. One has an average life of 2 years. A second has an average
life of 10 years. The third has an average life of 30 years. Initially, interest payments are distributed in this
order:

  • A. first to the holders of the 10-year tranche
  • B. first to the holders of the 30-year tranche
  • C. equally to all CMO holders of any tranche
  • D. first to the holders of the 2-year tranche
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Correct Answer: C  🗳️

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Question #4

Which of the following sets of prices is that of a closed-end investment company?

  • A. $7.50 $8.10
  • B. $28.14 $27.75
  • C. $10.10 $11.00
  • D. $20.15 $21.85
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Correct Answer: B  🗳️

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Question #5

When pricing callable municipal bonds, the "price to call" is based upon which of the following?

  • A. sinking fund calls
  • B. in-whole calls
  • C. catastrophe calls
  • D. partial calls
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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