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Series-7 Exam Questions Tutorials

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Total 400 questions
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Series 7 General Securities Representative Qualification Examination (GS) Questions and Answers

Question 21

Which of the following would not normally be a function of an investment banker?

Options:

A.

providing short-term capital needs to client companies

B.

underwriting new issues of securities

C.

providing long-term capital needs to client companies

D.

assisting in large secondary offerings of securities

Question 22

A wealth investor gives Bubba discretion to invest $50,000 for him in any way Bubba sees fit. Therefore, Bubba must:

Options:

A.

a registered representative with the SEC under the Investment Advisors Act of 1940

B.

conform to the prudent man requirements in that state

C.

furnish written documents of authority to the brokerage firm executing the orders

D.

be registered with the NYSE and FINRA as a representative

Question 23

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:

Options:

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

Question 24

Which of the following registered investment companies normally sells with an appropriate commission added to the contract price?

Options:

A.

an open-end investment company

B.

a unit investment trust

C.

a face-amount certificate company

D.

a closed-end investment company

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Total 400 questions
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