FINRA General Securities Representative Examination (GS) : Series7 valid dump

Series7
  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Aug 16, 2026
  • Q & A: 400 Questions and Answers

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FINRA Series7 Exam Syllabus Topics:

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

FINRA General Securities Representative Examination (GS) Sample Questions:

1. Bubba buys one XYZ September 50 call at $7 and sells one XYZ September 60 call at $3. At that time,
XYZ stock is at $55. Bubba has no other stock positions. At what must XYZ trade for Bubba to break
even?

A) $60
B) $54
C) $55
D) $57


2. The FINRA markup policy requires that over-the-counter transactions with a customer be at:

A) a markup not to exceed 5% of the current offering price
B) a markup based on previous activity in the customer's account
C) prices reasonably related to the dealer's cost
D) prices reasonably related to the current market price of the security


3. A registered representative is given a limited trading authorization by a client. This permits the
representative to:

A) withdraw money from the account
B) enter orders for the account at the representative's discretion
C) withdraw securities from the account
D) all of the above


4. In comparing the premium cost of a LEAPS option with a premium of a traditional option on the same
security and same strike price, which of the following is generally true?

A) LEAPS premiums do not consider time value
B) the LEAPS premium will be higher than the traditional option premium
C) the premium for the traditional option will be higher than the LEAPS option premium
D) the premiums will be approximately the same


5. Bubba buys a ten-year municipal and at 102 and sells it five years later at 101. What is tax treatment?

A) the $10 loss is applied against future profits in municipal securities
B) no capital loss or income deduction is realized
C) a $10 long-term capital loss is realized
D) the $10 loss is applied as a reduction against ordinary income


Solutions:

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

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