[2025] FINRA General Securities Representative Qualification Examination (GS)

문제1

Bubba maintains an individual cash account as well as a joint account with his wife, Bubbette. While Bubba is out of town on a fishing trip, Bubbette calls the brokerage firm with an order to buy 100 shares of Great Company, Inc., at the market value for Bubba individual account. It is a stock Bubba has previously informed the brokerage he wanted to buy at the "right price".
What does the brokerage do?

A. refuse to accept the order unless Bubba has provided a signed trading authorization in favor of Bubbette

B. enter the order only after receipt of written instructions to do so from Bubba

C. buy the stock in the joint account and, after verification from Bubba, journal the security to his individual account

D. execute the order as requested

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제2

Which of the following securities has the highest amount of market risk?

A. US treasury bills

B. savings bank deposits

C. US treasury certificates

D. US treasury notes

정답: D

설명: (Fast2test 회원만 볼 수 있음)

문제3

Which of the following rights does an ADR holder not have?

A. the right to see financial statements

B. the right to transfer ownership

C. preemptive rights

D. the right to vote for your mother-in-law as a board member

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제4

Bubba wants to buy 500 shares of an NYSE listed stock at 38.87 but he wants to buy at one time, right away, or else forget it.
What kind of order should the registered representative enter?

A. fill or kill

B. immediate or cancel

C. all or none

D. now or never

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제5

Which of the following pairs of corporation characteristics are easiest for a partnership to avoid?

A. business objective and centralized management

B. continuity of life of the business and transferability of assets

C. two or more associates and free transferability of assets

D. continuity of life of the business and limited liability

정답: B

설명: (Fast2test 회원만 볼 수 있음)

문제6

Bubba buys one XYZ November 65 call at $3 and one XYZ November 65 put at $2. XYZ is trading at $72. The put expires and the call is closed at its intrinsic value.
What is the resulting profit?

A. $500

B. $200

C. $700

D. $300

정답: B

설명: (Fast2test 회원만 볼 수 있음)

문제7

Bubba buys 100 shares of XYZ stock at $40 per share and sells a listed July XYZ call at 45 for a $2 premium.
What is his loss potential?

A. $3,800

B. $4,000

C. $4,200

D. $4,500

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제8

A four-letter symbol assigned to an issue is characteristic of an equity security that is:

A. listed on the NYSE

B. admitted to unlisted trading privileges on a regional stock exchange

C. authorized for inclusion in the NASDAQ system

D. trading in less than 100-share units on the American Stock Exchange

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제9

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

A. an officer of the issuing corporation

B. a holder of more than 10% of the outstanding stock

C. a broker/dealer firm

D. an institutional investor

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제10

Which of the following activities by a limited partner may subject the partner to unlimited liability?

A. participating in management of the partnership

B. all of the above

C. committing the partnership in any manner

D. making loans beyond those specified in the partnership agreement

정답: B

설명: (Fast2test 회원만 볼 수 있음)

문제11

Which of the following is a benefit of Section 8 low-income housing partnerships?

A. high, reliable income

B. potential for capital appreciation

C. large deductions

D. low risk

정답: D

설명: (Fast2test 회원만 볼 수 있음)

문제12

A case of leverage is:

A. selling common stock short and buying warrants for the equivalent number of shares followed by subscribing to the shares and covering the short

B. buying stock on the NYSE and later selling it the same day on the CBOE

C. borrowing at 6% and investing the funds at 10%

D. redeeming a convertible bond before maturity

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제13

Bubba has been classified as a restricted person according to Rule 2790. He may purchase equity securities of an IPO except:

A. to purchase securities to avoid dilution

B. when the new issue of securities is purchased pursuant to a stand-by agreement

C. when the transaction is exempt by an order of the FINRA

D. when the new issue of securities is purchased pursuant to a best effort basis

정답: D

설명: (Fast2test 회원만 볼 수 있음)

FINRA General Securities Representative Qualification Examination (GS) - Series-7무료 덤프문제 풀어보기

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