📘 Series 6 Sample Questions for Daily Practice

Consistent daily practice is one of the most effective ways to pass the Series 6 exam. These sample questions are designed to test your knowledge of investment products, customer accounts, securities regulations, and industry ethics. Use them to reinforce concepts, identify weak areas, and build testing endurance.

🧪 Daily Practice – 10 Sample Questions

1️⃣

Which of the following is an example of an investment company?
A. Hedge fund
B. Mutual fund
C. Real estate investment trust (REIT)
D. Limited partnership

✅ Correct Answer: B

2️⃣

What is the maximum contribution to a traditional IRA for an individual under age 50 in a given tax year?
A. $5,000
B. $6,500
C. $7,500
D. $10,000

✅ Correct Answer: B

3️⃣

Which of the following products can be sold by a Series 6 registered representative?
A. Corporate bonds
B. Common stock
C. Mutual funds
D. Exchange-traded options

✅ Correct Answer: C

4️⃣

A mutual fund’s expense ratio is calculated by dividing:
A. Total operating expenses by total assets
B. Management fee by net sales
C. Sales charge by NAV
D. NAV by public offering price

✅ Correct Answer: A

5️⃣

What type of annuity guarantees a fixed payment to the annuitant for life?
A. Variable annuity
B. Immediate annuity
C. Fixed annuity
D. Deferred annuity

✅ Correct Answer: C

6️⃣

The 12b-1 fee in a mutual fund covers:
A. Portfolio management fees
B. Redemption fees
C. Distribution and marketing expenses
D. Front-end load charges

✅ Correct Answer: C

7️⃣

Which of the following accounts may be opened for a minor?
A. Individual retirement account (IRA)
B. Uniform Transfers to Minors Act (UTMA) account
C. Joint tenants with rights of survivorship (JTWROS)
D. Margin account

✅ Correct Answer: B

8️⃣

Who enforces the rules set by FINRA?
A. The SEC
B. The Federal Reserve
C. Member firms
D. FINRA itself

✅ Correct Answer: D

9️⃣

What document must be provided to a client before the sale of a mutual fund?
A. Trade confirmation
B. Summary prospectus
C. Statement of additional information
D. Account statement

✅ Correct Answer: B

🔟

When must the client receive a prospectus for a variable annuity?
A. Before the application is completed
B. At the time of the first payment
C. Before or at the time of sale
D. Within 30 days after purchase

✅ Correct Answer: C

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