SIE Exam Practice Test Quiz Online Free: SIE (Securities Industry Essentials) exam is administrated by Financial Industry Regulatory Authority (FINRA), our sample test will help your SIE prep test better.
In this SIE Exam Practice Test Quiz, we introduce you to the types of questions to expect on the SIE exam, and it will help you to analyze the facts in the questions and identify what the examiners are really testing you on.
You should also be aware that in its effort to make the SIE more fair to all test-takers, FINRA has decided to weight the questions according to levels of difficulty. What this means to you is that for the most part easier questions (or what FINRA deems to be easier questions) will be worth less than the average question and more difficult ones will be worth more than average.
SIE Exam Practice Test Quiz
|Exam Name||SIE Practice Test 2022|
|Number of Questions||25|
|Passing Score:||passing score is 70 (on a scale of 0 to 100)|
|Question Type||Sample test|
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SEI Exam Practice Test
Securities Industry Essentials
Time: 8 minutes
Total Item: 25 questions
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Question 1 of 25
1. Question1 points
Mr. Bearishnikoff is a conservative investor. Which of the following investments would you recommend to him?
Question 2 of 25
2. Question1 points
The initial maturity on a standard option is
Question 3 of 25
3. Question1 points
Which of the following companies would be MOST affected by interest rate fluctuations?
Question 4 of 25
4. Question1 points
A stockholder owns 800 shares of WHY common stock. WHY stockholders were given cumulative voting rights. If there are three vacancies on the board of directors, stockholders can cast any of the following votes EXCEPT
Question 5 of 25
5. Question1 points
In which order, from first to last, are the following actions taken when opening a new options account?
I. Send the customer an ODD.
II. Have the ROP approve the account.
III. Execute the transaction.
IV. Have the customer send in an OAA
Question 6 of 25
6. Question1 points
Which TWO of the following are the minimum requirements for an investor to be considered accredited?
I. An individual with a net worth of $500,000
II. An individual with a net worth of $1,000,000
III. An individual who earned $200,000 per year in the most recent two years and has a reasonable expectation of reaching that same level in the current year
IV. An individual who earned $300,000 per year in the most recent three years and has a reasonable expectation of reaching that same level in the current year
Question 7 of 25
7. Question1 points
Which of the following corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on?
Question 8 of 25
8. Question1 points
Which of the following refers to the trading of exchange-listed securities in the over-the-counter market? These trades allow institutional investors to trade blocks of securities directly, rather than through an exchange, providing liquidity and anonymity to buyers.
Question 9 of 25
9. Question1 points
An investor sells a naked call on Omikron for a $250 premium. Which of the following is true regarding the investor’s position?
Question 10 of 25
10. Question1 points
Which of the following acts created the SEC and empowered it with Securities Act of 1933broad authority over all aspects of the securities industry?
Question 11 of 25
11. Question1 points
Which of the following is a free tool provided by FINRA that is intended to help consumers research the professional backgrounds of brokers and brokerage firms, as well as investment adviser firms and advisers?
Question 12 of 25
12. Question1 points
The Federal Reserve Board performs which of the following actions?
Question 13 of 25
13. Question1 points
Which of the following is an offering of shares to existing stockholders on a pro-rata basis?
Question 14 of 25
14. Question1 points
The difference between a bond’s price and the conversion parity price is referred to as which of the following?
Question 15 of 25
15. Question1 points
An individual who meets which of the following criteria must register as an investment adviser?
(1) The individual provides advice or analyses concerning securities.
(2) The individual is in the business of providing investment advice.
(3) The individual provides investment advice for compensation.
(4) The individual is a CPA or attorney whose investment advice is only incidental to his or her other activities.
Question 16 of 25
16. Question1 points
What is the value placed on the reputation of GHI Corporation?
Question 17 of 25
17. Question1 points
A 55-year-old investor purchases a 6 percent DEF convertible mortgage bond at 90 with 10 years until maturity. If the bond is currently trading at 97, what is the current yield?
Question 18 of 25
18. Question1 points
Which of the following is TRUE of UGMA accounts?
Question 19 of 25
19. Question1 points
Which of the following is TRUE of the 5% Markup Policy?
I. It covers commissions charged to customers when executing trades on an agency basis.
II. It covers markups on stock sold to customers from inventory.
III. It covers markdowns on stock purchased from customers for inventory.
IV. Riskless and simultaneous transactions are covered.
Question 20 of 25
20. Question1 points
Which of the following is a type of preferred stock that gives the investor the right to receive dividends equal to the normally specified rate, as well as an additional dividend based on a specific predetermined condition?
Question 21 of 25
21. Question1 points
Profit sharing plans have which of the following characteristics?
Question 22 of 25
22. Question1 points
All but which of the following are correct regarding the Central Registration Depository (CRD)?
Question 23 of 25
23. Question1 points
Which of the following are responsible for maintaining fair and orderly markets for an assigned set of listed firms? They operate both manually and electronically to facilitate price discovery during market opens, closes, and during periods of trading imbalances and instability.
Question 24 of 25
24. Question1 points
If real GDP declined the last 3 quarters, how many more consecutive quarters of decline would be needed to be classified as an economic depression?
Question 25 of 25
25. Question1 points
Which of the following is the correct reason to purchase a particular investment for a client’s portfolio?
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