Finra Series 7 Exam: Trivia Quiz!

1. What is the format of the exam questions?

Essay

Fill in the blank

Multichoice

True/False

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.

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.

2. What is the minimum age required for the SIE exam?

25

22

20

18

The minimum age required for the SIE exam is 18.

Explanation

The minimum age required for the SIE exam is 18.

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

72%

82%

55%

62%

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%.

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%.

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

125

150

200

250

The Series 7 exam consists of 125 questions.

Explanation

The Series 7 exam consists of 125 questions.

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

16%

12%

14%

19%

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

Explanation

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

6. Which of these exams is FINRA retiring?

Series 53

Series 7

Series 62

Series 52

FINRA is retiring the Series 62 exam.

Explanation

FINRA is retiring the Series 62 exam.

7. What is the full meaning of SIE?

Security Information Essentials

Security Information Exams

Security Industry Essentials

Security Industry Exams

The full meaning of SIE is Security Industry Essentials.

Explanation

The full meaning of SIE is Security Industry Essentials.

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

205 minutes

210 minutes

215 minutes

225 minutes

The total time taken for the exam is 225 minutes.

Explanation

The total time taken for the exam is 225 minutes.

9. What is the Corporate Securities Limited Representative Exam?

Series 55

Series 53

Series 62

Series 7

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.

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.