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FINRA Series7 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records | 73% | - Customer recommendations and transactions
|
| Topic 2: Seeks Business for the Broker-Dealer from Customers and Potential Customers | 9% | - Customer acquisition and prospecting
|
| Topic 3: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives | 11% | - Customer accounts and documentation
|
| Topic 4: Obtains and Verifies Customers' Purchase and Sale Instructions and Agreements; Processes, Completes and Confirms Transactions | 7% | - Trade execution and settlement
|
FINRA General Securities Representative Examination (GS) Sample Questions:
1. What is represented by the net investment income of an open-end investment company?
A) dividends, interest, and net gains on sales of securities
B) net gains on sales of portfolio securities
C) net profits from the investment company operation
D) net income from dividend and interest paid on securities in the fund portfolio
2. In order to determine the amount of estate tax due, if any, the assets of a decedent's estate are valued as
of the date of death. A second evaluation is then made:
A) one year after the date of death
B) three months after the date of death
C) at any time up to six months after the date of death
D) six months after the date of death
3. Which of the following is a right for shareholders of common stock?
A) the right to dividends
B) the right to have the stock price increase
C) both B and C
D) the right to vote about important matters of the company
4. Which of the following is considered a firm quotation in the over-the-counter market?
A) 27.50 subject
B) both B and C
C) 27.50 workout
D) 27.50
5. The amount for which the securities of a close-end investment company are selling above net asset value
is know as:
A) commission
B) sales charge
C) premium
D) discount
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: C |
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