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FINRA General Securities Representative Examination (GS) (Series 7) - Finra Exam Questions

Last updated on June 20, 2026

97% Exam Compliance
800 Total Questions
1
Question
The accounting statement that represents a company’s financial position on a particular date is the:
Options
A income statement
B balance sheet
C Profit and Loss
D cash flow statement
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2
Question
The total assets of a corporation are $840,000, of which $350,000 are current items. Total liabilities
are $460,000, of which $290,00 are fixed obligations.

How much is the corporation’s working capital?
Options
A $110,000
B $180,000
C $380,000
D $60,000
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3
Question
A leveraged company is best described as one that has a small portion of its capitalization represented by:
Options
A common stock
B convertible bonds
C debentures
D preferred stock
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4
Question
Which of the following oil and gas programs does not directly involve drilling?
Options
A developmental
B income
C exploratory
D balanced
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5
Question
The initial Federal Reserve Bank margin requirement is set at 60% and Bubba purchases 100 shares
of XYZ at $100 per share. He deposits $6,000 of the $10,000 purchase price in his account.
If XYZ increases in value to $150 per share, how much excess equity would Bubba have in his
account?
Options
A $1,500
B $1,000
C $2,000
D $3,000
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