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FINRA General Securities Representative Examination (GS) Sample Questions:
1. Which of the following pays interest at maturity only?
A) US treasury bills
B) Income bonds
C) Series H savings bonds
D) a corporate serial bond
2. Bubba is a registered representative who wishes to buy shares of a new issue his firm is distributing.
Under FINRA Conduct Rules, Bubba may:
A) do so if his allotment is insubstantial and not disproportionate to public orders
B) not do so for his own account, buy may purchase shares for his sister's account
C) do so if he has a history of buying hot issues
D) not do so under any circumstance
3. What does the following mean when printed on the stock exchange ticker tape?
A) the last sale of MST was for 100 shares at 98.25
B) trading was suspended on MST pending dissemination of news
C) the preceding transaction in MST was tow or more points different than 98.25
D) one hundred shares of MST traded on the exchange and appear out of order on the tape
4. Securities may be sold under SEC rule 144 provided that the following conditions are met:
A) the company files regular financial data with the SEC
B) they are sold in agency transactions only
C) they are sold in principal transactions only
D) both A and B
5. Which of the following registered investment companies normally sells with an appropriate commission
added to the contract price?
A) an open-end investment company
B) a closed-end investment company
C) a face-amount certificate company
D) a unit investment trust
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: B |
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