Need Help Studying for the Series 7 Certification Exam? Complete Practice Test Questions and Study Guide
The General Securities Representative Exam (Securities License) is administered by NASD (National Association of Securities Dealers). The test is also administered by a self-regulating financial body, the Financial Industry Regulatory Authority (FINRA).
The Series 7 exam has two parts, each with a 3 hour time limit. Series 7 consists of 260 questions in the multiple-choice format. The test questions cover topics on a broad range of investment areas such as bonds, stocks, options, investment company products and limited partnerships. More info on the Series 7.
Only 250 of these questions count toward the final score and the remaining 10 questions are pretest questions. The pass requirement for the Series 7 is a minimum score of 70%.
Exam License Requirements and Eligibility
The exam is divided into 12 categories, including:
- Margin: Regulations and calculations (10 Questions)
- Tax & Retirement plans (15 Questions)
- Package Securities: Mutual funds, Variable Annuities, etc. (20 Questions)
- New York Exchange: Procedures and orders (15 Questions)
- Options (50 Questions)
- Municipal Securities (50 questions)
- Economic Analysis (15 Questions)
- Government Securities (15 Questions)
- Corporate Securities (15 Questions)
- Client Accounts (15 Questions)
- Regulation (15 Questions)
- Direct Participation (15 Questions)
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