FINRA General Securities Representative Examination (GS) : Series7

Series7
  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Sep 08, 2026
  • Q & A: 400 Questions and Answers

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FINRA Series7 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions11%- Regulatory requirements for transaction processing
- Order types and execution procedures
- Trade settlement and confirmation rules
Topic 2: Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives9%- Account types and documentation requirements
- Suitability rules and regulatory compliance
- Financial profile, risk tolerance, and investment objectives
Topic 3: Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records73%- Municipal securities
- Options and derivative products
- Direct participation programs
- Debt securities and government obligations
- Margin accounts and taxation
- Recordkeeping and regulatory reporting
- Equity securities
- Investment companies, ETFs, and variable annuities
Topic 4: Seeks Business for the Broker-Dealer from Customers and Potential Customers7%- Standards for advertising and public communications
- Product-specific disclosures and regulatory requirements
- Customer communication and solicitation rules

FINRA General Securities Representative Examination (GS) Sample Questions:

Question 1

What does the bond buyer placement ratio represent?

A. the par value amount of municipal bonds offered in the Blue List as a percentage of the 30-day visible
supply for competitive and negotiated issues
B. the amount of municipal bonds offered in the daily Blue List as a percentage of the day's new issue
amounts of more than $1 million
C. the amount of municipal bonds distributed weekly as a percentage of each week's new issue accounts
of more than $1 million
D. the amount of municipal bonds held by banks and insurance companies as a percentage of municipal
bonds outstanding


Question 2

What is represented by the net investment income of an open-end investment company?

A. net profits from the investment company operation
B. net income from dividend and interest paid on securities in the fund portfolio
C. dividends, interest, and net gains on sales of securities
D. net gains on sales of portfolio securities


Question 3

Which of the following is not a marketable security?

A. municipal bonds
B. Series EE bonds
C. treasury bonds
D. tax anticipation bonds


Question 4

Prospective bidders for a municipal bond being issued should consult what document for relevant
procedures?

A. the offering circular
B. the Eastern account agreement
C. the SEC Registration Statement
D. the official notice of sale


Question 5

Which of the following municipal securities carries the full faith and credit of the US government for
payment of interest and principal if the issuer's funds are insufficient?

A. general obligation bonds issued municipalities
B. new housing authority bonds issued by a public housing authority
C. special tax bonds issued by municipalities
D. revenue bonds issued by municipal port authorities


Solutions:

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

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