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FINRA Series7 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Job Functions Overview | - Function 4: Processes Orders and Maintains Appropriate Records
|
FINRA General Securities Representative Examination (GS) Sample Questions:
1. Which of the following is considered an intangible asset?
A) trademarks
B) furniture
C) accounts receivable
D) marketable securities
2. Which of the following best describes depreciation?
A) a tax credit available to investors in heavy equipment
B) return of principal from real estate investments
C) capitalized and amortized maintenance costs
D) deductions from gross income to offset lower value of equipment
3. When a corporation issues a nonconvertible debenture, what is the effect upon its net worth?
A) if is unchanged
B) it increases
C) none of the above
D) if decreases
4. A company may pay a declared dividend in which of the following ways:
A) with cash
B) with stock in a subsidiary company
C) with property
D) all of the above
5. In a best efforts distribution of a new non-exempt issue, a broker/dealer:
A) agrees to buy the issue at a specified price
B) acts as an agent for the issuer
C) may allow a selling concession to a bank or trust company
D) is not required to use an offering circular or prospectus
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: B |






