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FINRA Series6 Questions & Answers - in .pdf

Series6 pdf
  • Total Q&A: 325
  • Update: Jun 06, 2026
  • Price: $49.99
Free Download PDF Demo
  • Vendor: FINRA
  • Exam Code: Series6
  • Exam Name: Investment Company and Variable Contracts Products Representative Examination (IR)
Features:
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FINRA Series6 Q&A - Testing Engine

Series6 Study Guide
  • Total Q&A: 325
  • Update: Jun 06, 2026
  • Price: $49.99
Testing Engine
  • Vendor: FINRA
  • Exam Code: Series6
  • Exam Name: Investment Company and Variable Contracts Products Representative Examination (IR)
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FINRA Investment Company and Variable Contracts Products Representative Examination (IR) Sample Questions:

1. A long-term, unsecured bond issued by a corporation is called:

A) an industrial revenue bond.
B) a debenture.
C) commercial paper.
D) a general obligation bond.


2. On Friday, August 6th, the Board of Directors of Ecolab (ECI) announced that it would pay a dividend of
$ 0.155 a share to shareholders of record as of Tuesday, September 21st.The dividend checks were
scheduled to be mailed on Friday, October 15th. In this scenario, the payment date is:

A) Friday, August 6th.
B) none of the above.
C) Friday, September 17th.
D) Tuesday, September 21st.


3. A warrant differs from a standard call option in that:

A) when a call option is exercised, the outstanding shares of the firm whose stock is being purchased
increases; this does not occur when a warrant is exercised.
B) when a warrant is exercised, the firm whose stock is being purchased will have an increase in cash;
this is not the case when a standard call option is exercised.
C) a warrant gives the holder the right to sell shares of the underlying stock; a call option gives the holder
the right to buy shares of the underlying stock.
D) a standard call option generally has a longer period to expiration than a warrant.


4. Under the Investment Company Act of 1940, an investment company must:

A) provide a prospective investor with a copy of its registration statement when offering shares for sale.
B) include a statement of its investment policy in its prospectus.
C) have a board of directors composed of no more than 50% who are "interested persons."
D) maintain a minimum net worth of $5 million.


5. Which of the following correctly describes a difference between closed-end and open-end investment
companies?

A) Open-end investment company shares will never be offered at a price below the net asset value per
share of the fund; this is not true of closed-end companies.
B) Open-end companies may invest in non-diversified portfolios; closed-end companies are required to
invest only in diversified portfolios.
C) Shares of open-end companies sell on exchange floors; shares of closed-end companies are bought
and sold through the company itself.
D) Open-end investment companies have a fixed number of shares; closed-end companies can create
new shares if there are more buyers than sellers.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: B
Question # 3
Answer: B
Question # 4
Answer: B
Question # 5
Answer: A

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Series6 Related Exams
Series7 - General Securities Representative Examination (GS)
Series_63 - Uniform Securities Agent State Law Examination
Series6 - Investment Company and Variable Contracts Products Representative Examination (IR)
Related Certifications
Uniform Securities State Law
FINRA Certification
General Securities Representative