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Series – 7 General Securities Representative Certification Exam (Series-7) - Finra Exam Questions

Last updated on June 22, 2026

97% Exam Compliance
400 Total Questions
1
Question
Creditors whose claims are not settled upon dissolution of a limited partnership may seek recourse from:
Options
A the general partner’s profits
B the personal assets of the limited partners
C the general partner’s personal assets
D the partnership’s income
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2
Question
The expiration date of a listed option is:
Options
A the third Friday of the expiration month
B the last day of the expiration month
C the third Saturday of the expiration month
D the Saturday following the third Friday of the expiration month
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3
Question
Bubba is a registered representative who wishes to buy shares of a new issue his firm is distributing.

Under FINRA Conduct Rules, Bubba may:
Options
A not do so under any circumstance
B do so if he has a history of buying hot issues
C do so if his allotment is insubstantial and not disproportionate to public orders
D not do so for his own account, buy may purchase shares for his sister’s account
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4
Question
Regulation T is set at 50%. Bubba’s account contains long positions in the following securities with
the prices listed:
100 ABC $30
200 XYZ $70
200 QBB $40
200 KKK $25
Total market value = $30,000
Debit balance in the account = $12,000
Net equity balance of the account = $18,000

What is Bubba’s excess equity in the account?
Options
A $0
B $3,000
C $18,000
D $12,000
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5
Question
An option that permits the holder to exercise the contract only at expiration is referred to as:
Options
A Asian style
B European style
C American style
D Nordic style
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