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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
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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2
Question
Under which of the following was SIPC established?
Options
A Securities Act of 1933
B Securities Exchange Act of 1934
C Securities Exchange Reform Act of 1975
D Securities Investor Protection Act of 1970
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3
Question
The net investment income of an open-end investment company represents:
Options
A net income from dividends and interest paid on securities in the fund’s portfolio
B net gains on sales of portfolio securities
C net profits from the investment company operation
D dividends, interest, and net gains on sales of securities
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4
Question
For a self-employed individual’s retirement plan, ERISA permits an investment in which of the
following?
Options
A a unit investment trust
B a variable annuity
C all of the above
D a US Treasury bond
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5
Question
When the Federal Reserve lowers reserve requirements, what is it attempting to do?
Options
A increase the rediscount rate
B raise interest rates
C ease credit
D counter inflation
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