Finra Series 7 Exam: Trivia Quiz!

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1. What is the format of the exam questions?

Explanation

The format of the exam questions is multichoice because the options provided are multiple choice options. The question does not mention any other format such as essay, fill in the blank, or true/false. Therefore, the correct answer is multichoice.

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About This Quiz
Finra Series 7 Exam: Trivia Quiz! - Quiz

FINRA Series 7 is an exam set up for measuring applicants' degree in possession of knowledge in performing the critical function of general securities representatives and sales of municipal and corporate securities. A candidate must attain the passing score of both the Series 7 and SIE to obtain the general... see moresecurities representatives' registration.
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2. What is the minimum age required for the SIE exam?

Explanation

The minimum age required for the SIE exam is 18.

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3. What is the Series 7's passing score?

Explanation

The passing score for the Series 7 exam is 72%. This means that in order to pass the exam, a candidate must answer a sufficient number of questions correctly to achieve a score of at least 72%.

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4. How many questions are present in the Series 7 exam?

Explanation

The Series 7 exam consists of 125 questions.

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5. What is the percentage of Knowledge of Capital Market in SIE exam?

Explanation

The percentage of Knowledge of Capital Market in the SIE exam is 16%.

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6. Which of these exams is FINRA retiring?

Explanation

FINRA is retiring the Series 62 exam.

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7. What is the full meaning of SIE?

Explanation

The full meaning of SIE is Security Industry Essentials.

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8. What is the total time taken for the exam?

Explanation

The total time taken for the exam is 225 minutes.

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9. What is the Corporate Securities Limited Representative Exam? 

Explanation

The Corporate Securities Limited Representative Exam, also known as Series 62, is a licensing exam administered by the Financial Industry Regulatory Authority (FINRA). This exam is designed for individuals who want to become limited representatives in the corporate securities field. It covers topics such as corporate securities products, municipal securities, and investment company products. Passing the Series 62 exam is a requirement for individuals who want to engage in the sale of corporate securities on behalf of a broker-dealer firm.

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10. What is the cost of the Series 7 to be taken? 

Explanation

The cost of the Series 7 to be taken is $245.

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What is the format of the exam questions?
What is the minimum age required for the SIE exam?
What is the Series 7's passing score?
How many questions are present in the Series 7 exam?
What is the percentage of Knowledge of Capital Market in SIE exam?
Which of these exams is FINRA retiring?
What is the full meaning of SIE?
What is the total time taken for the exam?
What is the Corporate Securities Limited Representative Exam? 
What is the cost of the Series 7 to be taken? 
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