Free FINRA Series-7 Exam Questions

Become FINRA Certified with updated Series-7 exam questions and correct answers

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Total 405 Questions | Updated On: Jun 15, 2026

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Question 1

A trust instrument drawn pursuant to the Trust Indenture Act of 1939 sets forth which of the following?

A : rights of stockholders

B : duties of the trustee

C : obligations of the issuing corporation

D : th B and C

Answer: D

Question 2

The expiration date of a listed option is:

A : last day of the expiration month

B : third Saturday of the expiration month

C : Saturday following the third Friday of the expiration month

D : third Friday of the expiration month

Answer: C

Question 3

Which of the following pays interest at maturity only?

A : corporate serial bond

B : treasury bills

C : come bonds

D : ries H savings bonds

Answer: B

Question 4

A dealer buys 100 shares of XYZ common, which is an actively traded stock, at 23.50.

Three days later, when XYZ common is quoted at 19.50 - 19.75, he sells the 100 shares to a customer. The basis for the dealer’s markup is:

A : 10 5/8

B : 19 7/8

C : 23 1/2

D : 5?ove cost

Answer: B

Question 5

Which of the following are direct obligations of the US government?

A : port-Export bank bonds

B : ries EE bonds

C : rm Credit System bonds

D : th B and C

Answer: B

Page: 1 / 81

Total 405 Questions | Updated On: Jun 15, 2026

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