Free practice test
Free Series 7 Practice Test
Answer 10 Series 7 sample questions, get an instant score band, and use missed-topic recommendations to choose the next study block.
Score, then focus the weak spots.
The free diagnostic turns misses into a topic list you can study immediately.
10 sample questions
Instant score
Optional study plan
10
diagnostic questions
10
answer explanations
3
score bands
Answer each question, then open the explanation. The score bands are useful for routing your next block; they are not a pass prediction. The full product adds the complete mapped bank, endless practice, readiness history, and the full-length timed exam simulation.
Score framing
8-10 correct
Strong sample
Move into timed mixed sets and full simulations.
6-7 correct
Useful warning
Review missed topics before the next mixed set.
0-5 correct
Start with reading
Use topic repair before more full-test attempts.
What this diagnostic covers
The questions below are intentionally mixed. The real exam does not wait until you are done with bonds to ask about options, accounts, margin, or communications. Use each miss as a pointer into a topic page, then use the full product when you want the complete mapped bank and timed simulations.
Options drills with visible explanations.
Drill Series 7 margin questionsLong and short account math with instant feedback.
Review Series 7 suitability scenariosCustomer-profile scenarios and recommendation traps.
Drill Series 7 municipal bond questionsGO, revenue, tax, and MSRB explanations.
Practice Series 7 retirement accountsIRA, rollover, annuity, and tax-deferral traps.
Drill Series 7 debt securitiesPrice/yield, duration, call risk, accrued interest, and credit clues.
Practice Series 7 investment companiesMutual fund, ETF, UIT, breakpoint, and share-class scenarios.
Review Series 7 customer accountsDiscretion, approvals, registrations, trusts, and account documentation.
Drill Series 7 taxationMunicipal income, gains, basis, retirement distributions, and options premium.
Practice product suitabilityCustomer-profile scenarios across funds, bonds, annuities, options, and margin.
Drill advanced optionsSpreads, straddles, assignment, collars, and hedged-stock strategies.
Series 7 glossaryDefinitions with examples, common mistakes, and related practice links.
SuitabilityCustomer profile facts and recommendation logic.
OptionsCore payoff logic, risk, and customer purpose.
Options formulasMax gain, max loss, and breakevens.
MarginReg T, maintenance, equity, SMA, and buying power.
Margin formulasThe account math that drives margin questions.
Municipal bondsGO, revenue, tax, MSRB, and disclosure rules.
Retirement accountsIRAs, rollovers, distributions, and account fit.
Debt securitiesBond price/yield movement, risks, and income fit.
Investment companiesFunds, ETFs, UITs, pricing, and sales-charge rules.
Customer accountsAccount types, authority, documentation, and approvals.
Practice questionsMapped explanations and next-step repair.
Turn a sample score into the next study step
A short sample is most useful when it sends you to a focused repair page. Use these guides to decide whether the next block should be timing, topic review, study cadence, or another practice set.
Use mapped explanations after the diagnostic.
Options questionsPayoff math, hedges, spreads, and suitability.
Study guideRebuild the chapter sequence before more tests.
Best study methodA daily read, recall, practice, review loop.
Question countHow the 125 scored items shape pacing.
Passing scoreThe 72 target and why one sample is not enough.
Sample Series 7 questions
0 of 10 answered
Question 1 / 10
Customer profileBefore recommending a security, which customer detail is most directly part of the basic investor profile?
Show answer and explanation
Answer: Investment objective
Investment objective is a core customer-profile fact. The representative needs it before making a recommendation because it frames suitability.
Question 2 / 10
Debt securitiesA customer owns a 6% corporate bond. New bonds of similar quality are now issued at 8%. What generally happens to the customer's bond price?
Show answer and explanation
Answer: It falls below par
Bond prices and market yields move inversely. If new comparable yields rise above the existing coupon, the older bond generally trades at a discount.
Question 3 / 10
OptionsAn investor buys 1 XYZ 50 call at 4. What is the breakeven at expiration?
Show answer and explanation
Answer: 54
A long call breaks even at strike price plus premium paid. Here that is 50 + 4 = 54.
Question 4 / 10
Municipal bondsWhich source of repayment is most associated with a municipal revenue bond?
Show answer and explanation
Answer: Project or enterprise revenue
Revenue bonds are backed by income from a project or enterprise. General obligation bonds are backed by the issuer's taxing power.
Question 5 / 10
MarginA long margin account has $20,000 market value and a $9,000 debit balance. What is the equity?
Show answer and explanation
Answer: $11,000
Long-account equity equals long market value minus debit balance. $20,000 - $9,000 = $11,000.
Question 6 / 10
Equity securitiesWhich security generally gives the holder residual ownership and voting rights?
Show answer and explanation
Answer: Common stock
Common stock represents residual ownership in a corporation and typically carries voting rights.
Question 7 / 10
CommunicationsA retail communication about an investment product should be presented in which way?
Show answer and explanation
Answer: Fair and balanced
Retail communications must be fair and balanced. Benefits should not be presented without appropriate risks and limitations.
Question 8 / 10
SuitabilityA retired investor needs current income and low volatility. Which factor is most important before recommending a high-risk growth product?
Show answer and explanation
Answer: The customer's risk tolerance
Risk tolerance, income need, time horizon, liquidity, and objectives drive suitability. A high-risk growth product may conflict with this profile.
Question 9 / 10
Customer accountsWhat is generally required before a representative may exercise discretion in a customer's account?
Show answer and explanation
Answer: Written customer authorization and firm approval
Discretionary authority requires written customer authorization and firm acceptance or approval before discretionary trading occurs.
Question 10 / 10
Investment companiesWhich feature is most associated with an open-end mutual fund?
Show answer and explanation
Answer: Redeemable shares priced at NAV
Open-end mutual fund shares are redeemable and priced at net asset value, typically forward-priced after the market close.
Result bands
Continue in the full study loop
PassSeries7 includes the 436-page textbook, 385 flashcards, 1,000 mapped practice questions, endless practice, readiness tracking, and the 125-question timed simulation. Both plans unlock the same product.
Where the full product picks up
After checkout, the free diagnostic becomes a complete loop: read the rule, recall it, prove it in mapped practice, then rehearse the clock in the exam simulator from the same account.
Frequently asked
Is this the full PassSeries7 exam simulation?
No. This is a public diagnostic sample. The full product includes a 125-question timed exam simulation, unlimited retakes, review, and section-level feedback.
How should I score this free sample?
Use it as a diagnostic. Track the topics you miss and read every explanation. A small sample should not be treated as a pass prediction.
What does the full product include?
The full product includes a 436-page textbook, 385 flashcards, 1,000 mapped practice questions, endless practice, readiness tracking, and full exam simulations.