FINRA SIE PRACTICE CERTIFICATION
EVALUATION TEST 2026 FULL QUESTIONS AND
CORRECT ANSWERS ALREADY PASSED
GRADED A+
◉ The owner of which of the following products is MOST exposed to
inflationary risks?
utility stocks
treasury bills
treasury bonds
blue chip industrials. Answer: treasury bonds
◉ What is the concept of an annuity contract. Answer: the kind of
annuity selected partly determines the payment amounts to the
annuitant
◉ Which of the following statement is true about all US Gov agency
issues?
they are exempt from federal taxes
they are exempt from registration under the Securities Act of 1933
they are issued in bearer form only
,they are general obligations of the fed gov. Answer: they are exempt
from registration under the Securities Act of 1933
◉ Direct participation programs (DPP's) provide:
liquidity and transparency
exposure to non-correlated assets with steady returns
market-related correlations with higher average returns
investors with direct purchases of stock from public companies.
Answer: exposure to non-correlated assets with steady returns
◉ Which of the following outcomes are possible for the writer of a
covered call option?
profit limited and loss limited
profit limited and loss unlimited
profit unlimited and loss limited
profit unlimited and loss unlimited. Answer: profit limited and loss
limited
◉ when is interest on treasury notes paid?
quarterly
semiannually
annually
at maturity. Answer: semiannually
, ◉ an associated person who is not a registered representative is
permitted to engage in which of the following activities?
accept an unsolicited customer order
provide account opening forms to a new customer
discuss the attributes of a particular investment product
prequalify prospective customers as to investment objectives.
Answer: provide account opening forms to a new customer
◉ a transaction in which a writer covers a position by purchasing an
option is called:
closing sale
closing purchase
opening sale
opening purchase. Answer: closing purchase
◉ which of the following actions is required of a broker-dealer's
anti-money laundering program?
designating an AML compliance officer
filing of the firm's AML program with FINRA
conducting background checks of all employees
EVALUATION TEST 2026 FULL QUESTIONS AND
CORRECT ANSWERS ALREADY PASSED
GRADED A+
◉ The owner of which of the following products is MOST exposed to
inflationary risks?
utility stocks
treasury bills
treasury bonds
blue chip industrials. Answer: treasury bonds
◉ What is the concept of an annuity contract. Answer: the kind of
annuity selected partly determines the payment amounts to the
annuitant
◉ Which of the following statement is true about all US Gov agency
issues?
they are exempt from federal taxes
they are exempt from registration under the Securities Act of 1933
they are issued in bearer form only
,they are general obligations of the fed gov. Answer: they are exempt
from registration under the Securities Act of 1933
◉ Direct participation programs (DPP's) provide:
liquidity and transparency
exposure to non-correlated assets with steady returns
market-related correlations with higher average returns
investors with direct purchases of stock from public companies.
Answer: exposure to non-correlated assets with steady returns
◉ Which of the following outcomes are possible for the writer of a
covered call option?
profit limited and loss limited
profit limited and loss unlimited
profit unlimited and loss limited
profit unlimited and loss unlimited. Answer: profit limited and loss
limited
◉ when is interest on treasury notes paid?
quarterly
semiannually
annually
at maturity. Answer: semiannually
, ◉ an associated person who is not a registered representative is
permitted to engage in which of the following activities?
accept an unsolicited customer order
provide account opening forms to a new customer
discuss the attributes of a particular investment product
prequalify prospective customers as to investment objectives.
Answer: provide account opening forms to a new customer
◉ a transaction in which a writer covers a position by purchasing an
option is called:
closing sale
closing purchase
opening sale
opening purchase. Answer: closing purchase
◉ which of the following actions is required of a broker-dealer's
anti-money laundering program?
designating an AML compliance officer
filing of the firm's AML program with FINRA
conducting background checks of all employees
