Finra Series 7 Exam: Trivia Quiz!

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  • 1/10 Questions

    What is the format of the exam questions?

    • Essay
    • Fill in the blank
    • Multichoice
    • True/False
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About This 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 securities representatives' registration.

Finra Series 7 Exam: Trivia Quiz! - Quiz

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

    What is the minimum age required for the SIE exam?

    • 25

    • 22

    • 20

    • 18

    Correct Answer
    A. 18
    Explanation
    The minimum age required for the SIE exam is 18.

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

    What is the Series 7's passing score?

    • 72%

    • 82%

    • 55%

    • 62%

    Correct Answer
    A. 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%.

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

    How many questions are present in the Series 7 exam?

    • 125

    • 150

    • 200

    • 250

    Correct Answer
    A. 125
    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? - ProProfs

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

    • 16%

    • 12%

    • 14%

    • 19%

    Correct Answer
    A. 16%
    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? - ProProfs

    Which of these exams is FINRA retiring?

    • Series 53

    • Series 7

    • Series 62

    • Series 52

    Correct Answer
    A. Series 62
    Explanation
    FINRA is retiring the Series 62 exam.

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  • 7. 
    What is the full meaning of SIE? - ProProfs

    What is the full meaning of SIE?

    • Security Information Essentials

    • Security Information Exams

    • Security Industry Essentials

    • Security Industry Exams

    Correct Answer
    A. Security Industry Essentials
    Explanation
    The full meaning of SIE is Security Industry Essentials.

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  • 8. 
    What is the Corporate Securities Limited Representative Exam?  - ProProfs

    What is the Corporate Securities Limited Representative Exam? 

    • Series 55

    • Series 53

    • Series 62

    • Series 7

    Correct Answer
    A. Series 62
    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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  • 9. 
    What is the total time taken for the exam? - ProProfs

    What is the total time taken for the exam?

    • 205 minutes

    • 210 minutes

    • 215 minutes

    • 225 minutes

    Correct Answer
    A. 225 minutes
    Explanation
    The total time taken for the exam is 225 minutes.

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

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

    • $205

    • $245

    • $250

    • $225

    Correct Answer
    A. $245
    Explanation
    The cost of the Series 7 to be taken is $245.

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  • Current Version
  • Mar 20, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Oct 19, 2018
    Quiz Created by
    Gregorynaomi
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