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FINRA Series7 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Obtains and Verifies Customers' Purchase and Sale Instructions and Agreements; Processes, Completes and Confirms Transactions | 7% | - Trade execution and settlement
|
| Seeks Business for the Broker-Dealer from Customers and Potential Customers | 9% | - Customer acquisition and prospecting
|
| Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives | 11% | - Customer accounts and documentation
|
| Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records | 73% | - Customer recommendations and transactions
|
FINRA General Securities Representative Examination (GS) Sample Questions:
1. When an index option is exercised, settlement is made by:
A) delivery of a futures contract
B) any of the above
C) delivery of the underlying securities
D) cash
2. Crossover is best defined as:
A) the profit of limited partners exceeding profit of general partners
B) the fact that there are more general partners than limited partners
C) the point at which income exceeds deductions
D) the point at which the program becomes profitable
3. Which of the following is identified as a funded debt instrument?
A) corporate bond
B) US treasury bond
C) Series EE savings bond
D) Fannie Mae bond
4. In the distribution of a new issue underwriters or selling group member are prohibited from:
A) selling to the public at the so-called public offering price
B) all of the above
C) selling to another broker or dealer who needs to fill an accommodation order
D) withholding blocks of a new issue in the member's account
5. In terms of depletion, percentage depletion is better than cost depletion because it:
A) permits recovery of more than the original cost
B) is limited to production
C) is not subject to recapture
D) is more widely available
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: A |




