You have to pass the SIE exam to receive the certification from FINRA. To increase the effectiveness of your study and make you familiar with the actual exam pattern, we have prepared this FINRA Securities Industry Essentials sample questions. Our Sample FINRA Securities Industry Essentials Practice Exam will give you more insight about both the type and the difficulty level of the questions on the FINRA Securities Industry Essentials exam.
However, we are strongly recommending practice with our Premium FINRA Securities Industry Essentials (SIE) Practice Exam to achieve the best score in your actual FINRA SIE Exam. The premium practice exam questions are more comprehensive, exam oriented, scenario-based and exact match of FINRA Securities Industry Essentials exam questions.
FINRA Securities Industry Essentials Sample Questions:
01. Which of the following security types provides investors with a stated maturity date, a floating interest rate, and an option to put the security back to a financial intermediary on a daily or weekly basis?
a) Equity put option
b) Perpetual preferred stock
c) Variable rate demand note
d) Tax-deferred variable annuity
02. If a market maker posts a quote of 10.00 - 10.10 [25x10], which of the following actions is the market maker willing to take?
a) Sell 1,000 shares at $10.00 and buy 2,500 shares at $10.10
b) Buy 2,500 shares at $10.00 and sell 1,000 shares at $10.10
c) Sell 100 shares at $10.00 and buy 250 shares at $10.10
d) Buy 250 shares at $10.00 and sell 100 shares at $10.10
03. The computation of dollar prices and accrued interest on municipal bonds is normally on what calendar basis?
a) 30/360
b) 30/365
c) Actual/360
d) Actual/365
04. The owner of which of the following products is most exposed to inflationary risk?
a) Utility stocks
b) Treasury bills
c) Treasury bonds
d) Blue chip industrials
05. At the time of issuance, which of the following securities normally has the longest period to expiration?
a) Repurchase agreements
b) Warrants
c) Options
d) Rights
06. Which of the following investments are generally traded according to their average life rather than their stated maturity dates?
a) Fixed-rate capital securities
b) Government bonds
c) Corporate bonds
d) Asset-backed securities
07. Under FINRA rules, which of the following activities by a registered representative requires written notification to her firm?
a) Volunteering as a youth soccer league coach
b) Gambling resulting in winnings in excess of $10,000
c) Driving part time for a transportation network company on weekends
d) Selling nonproprietary investment company securities products through her firm
08. Which of the following products is adversely impacted if the issuer's credit rating is downgraded?
a) Mutual funds
b) Unit investment trusts (UITs)
c) Exchange-traded funds (ETFs)
d) Exchange-traded notes (ETNs)
09. A registered representative (RR) wants to participate in a private securities transaction. Which of the following actions must the RR take?
a) Send written notice to his supervisor outlining the activity and compensation structure
b) Initiate the paperwork required by the policies of the firm once the activity has begun
c) Call his supervisor and inform her of the deal and the RR's potential involvement
d) Request a meeting with his supervisor to lay out the structure of the deal
10. Company ABC announces a 20% stock dividend for its common shareholders. If a customer holds 1,000 shares at $50.00, what is the new price and number of shares following the payment of the stock dividend?
a) 800 shares at $62.50
b) 1,000 shares at $41.67
c) 1,200 shares at $41.67
d) 1,200 shares at $50.00
Answers:
Question: 01
Answer: c |
Question: 02
Answer: b |
Question: 03
Answer: a |
Question: 04
Answer: c |
Question: 05
Answer: b |
Question: 06
Answer: d |
Question: 07
Answer: c |
Question: 08
Answer: d |
Question: 09
Answer: a |
Question: 10
Answer: c |
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