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Series 7 General Securities Representative Qualification Examination (GS)

Last Update 21 hours ago Total Questions : 400

The Series 7 General Securities Representative Qualification Examination (GS) content is now fully updated, with all current exam questions added 21 hours ago. Deciding to include Series-7 practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our Series-7 exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these Series-7 sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Series 7 General Securities Representative Qualification Examination (GS) practice test comfortably within the allotted time.

Question # 4

The definition of debentures is:

A.

a loan secured by real estate

B.

collateralized securities

C.

a worthless security

D.

securities backed by the general credit of the issuers but no specific collateral

Question # 5

Bubba is concerned about the liquidity of a possible municipal bond purchase. He is therefore probably most interested in the rating supplied by which of the following?

A.

the bond buyers

B.

Moody’s

C.

White’s

D.

Dow Jones

Question # 6

Bubba has been classified as a restricted person according to Rule 2790. He may purchase equity securities of an IPO except:

A.

to purchase securities to avoid dilution

B.

when the new issue of securities is purchased pursuant to a stand-by agreement

C.

when the transaction is exempt by an order of the FINRA

D.

when the new issue of securities is purchased pursuant to a best effort basis

Question # 7

Which of the following situations is possible for a writer of a covered call option?

A.

buying the underlying stock if the call is exercised

B.

depositing margin into his account

C.

purchasing a put option to hedge against unlimited loss potential

D.

selling the security, he already owns

Question # 8

Bubba buys a 5% municipal bond maturing in 15 years that is trading at a market price of 85.

What is the current yield?

A.

5.00%

B.

5.88%

C.

6.49%

D.

5.10%

Question # 9

Securities may be sold under SEC rule 144 provided that the following conditions are met:

A.

the company files regular financial data with the SEC

B.

they are sold in agency transactions only

C.

they are sold in principal transactions only

D.

both A and B

Question # 10

In a corporation’s financial statements, earned surplus is also recognized as:

A.

gross profit

B.

operating income after payment of interest expense

C.

earnings retained after payment of dividends to shareholders

D.

net income

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