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Series 7 General Securities Representative Qualification Examination (GS)

Last Update 1 hour ago Total Questions : 400

The Series 7 General Securities Representative Qualification Examination (GS) content is now fully updated, with all current exam questions added 1 hour 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 # 1

The net asset value of a mutual fund was $9.72 last month. This month it is calculated at $9.85.

What is the change in value called?

A.

yield

B.

asset revaluation

C.

appreciation

D.

capital gain

Question # 2

Which are the primary considerations in evaluating the worth of a limited partnership?

A.

the size of the tax deductions

B.

the cost of assets

C.

the adequacy of funding

D.

both B and C

Question # 3

Bubba buys a 5% bond that matures in 15 years with a 5.10 basis. How much did he pay for the bond?

A.

5.00

B.

98.96

C.

100.00

D.

105.10

Question # 4

An investment company incapable of issuing a long-term debt instrument is:

A.

a face-amount certificate company

B.

a unit investment trust

C.

a closed-end investment company

D.

an open-end investment company

Question # 5

Which of the following holders of unregistered stock is precluded from selling shares under Rule 144?

A.

an institutional investor

B.

an officer of the issuing corporation

C.

a broker/dealer firm

D.

a holder of more than 10% of the outstanding stock

Question # 6

In comparing the premium cost of a LEAPS option with a premium of a traditional option on the same security and same strike price, which of the following is generally true?

A.

the premiums will be approximately the same

B.

the LEAPS premium will be higher than the traditional option premium

C.

the premium for the traditional option will be higher than the LEAPS option premium

D.

LEAPS premiums do not consider time value

Question # 7

Assuming all of the following bonds from the same issuer are callable now, which one would most likely get called first?

A.

8% maturing 1-15-2016

B.

8% maturing 1-15-2007

C.

4% maturing 1-15-2012

D.

4% maturing 1-15-2007

Question # 8

Common stocks for which of the following industries are most likely to decline in value when interest rates rise?

A.

automobile manufacturers

B.

airlines

C.

stock brokers

D.

public utility companies

Question # 9

Which of the following securities provides the longest term of option privilege?

A.

puts

B.

calls

C.

warrants

D.

rights

Question # 10

Bubba wishes to invest $50,000 in three mutual funds offered by different underwriters with growth as the main objective. A recommendation to purchase only one such fund for $50,000 might be more suitable to Bubba if:

A.

the growth in one fund will be greater than the combined growth in three

B.

the income from one fund will be greater than the combined income in three

C.

a withdrawal plan would be easier to employ using a single fund

D.

the purchase of one fund would probably be made at a break point allowing more dollars to be invested in fund shares

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