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FINRA Series7 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Job Functions Overview | - Function 3: Provides Customers with Information About Investments and Makes Suitable Recommendations
|
FINRA General Securities Representative Examination (GS) Sample Questions:
Question 1
Bubba buys "double-barreled" municipal bonds. What is the source of guaranteed repayment on these
bonds?
A. all projects of the issuing municipality
B. one specific municipal project plus the full financial strength of the issuer
C. a specific municipal project plus a federal subsidy
D. two specific municipal projects
Question 2
Which securities do not receive dividends?
A. warrants
B. preferred stock
C. common stock
D. ADRs
Question 3
Bubba has a short margin account with a short market value of $22,000, a credit balance of $42,000, and
SMA of $500. What is the NYSE minimum equity maintenance for this account?
A. $5,500
B. $6,000
C. $6,600
D. $12,600
Question 4
Which of the information below does not appear in the official notice of sale?
A. the method and place of settlement
B. the type of bond
C. the amount of required good faith check
D. the names of underwriting syndicate members
Question 5
Which of the following securities provides the longest term of option privilege?
A. calls
B. warrants
C. puts
D. rights
Solutions:
| Question 1 Answer: B | Question 2 Answer: A | Question 3 Answer: C | Question 4 Answer: D | Question 5 Answer: B |
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