370+ Free Series 6 Practice Questions

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58-59% Pass Rate

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Question 1

Score: 0/0

What type of security represents ownership in a corporation?

Corporate bond

Common stock

Municipal bond

Treasury bill

to track

2026 Statistics

Key Facts: Series 6 Exam

58-59%

First-Time Pass Rate

Industry estimate

70%

Passing Score

35/50 questions

40-60 hrs

Study Time

Recommended

47%

Investment Information

Largest section

$47

Exam Fee

FINRA

1h 30m

Exam Duration

FINRA

The Series 6 exam has an estimated 58-59% first-time pass rate. It requires 70% (35/50 questions) to pass. The 'Investment Information' section accounts for 47% of the exam, focusing on mutual funds and variable products. Plan for 40-60 hours of study over 3-5 weeks. Series 6 is ideal for those focusing on insurance-based investment products.

Sample Series 6 Practice Questions

Try these sample questions to test your Series 6 exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 370+ question experience with AI tutoring.

1What type of security represents ownership in a corporation?

A.Corporate bond

B.Common stock

C.Municipal bond

D.Treasury bill

Explanation: Common stock represents ownership (equity) in a corporation. Stockholders are part-owners of the company and have voting rights. Bonds are debt instruments where the holder is a creditor, not an owner.

2Which of the following shareholders has priority in receiving dividends?

A.Common stockholders

B.Preferred stockholders

C.Bondholders

D.Warrant holders

Explanation: Preferred stockholders have priority over common stockholders for dividend payments. However, bondholders (creditors) must be paid interest before any dividends are distributed to shareholders.

3Common stockholders typically have which of the following rights?

A.Guaranteed dividends

B.Voting rights on corporate matters

C.Priority claim in bankruptcy

D.Fixed interest payments

Explanation: Common stockholders have voting rights, typically one vote per share, on major corporate matters such as electing the board of directors and approving mergers.

4Which type of preferred stock allows unpaid dividends to accumulate?

A.Participating preferred

B.Convertible preferred

C.Cumulative preferred

D.Callable preferred

Explanation: Cumulative preferred stock accumulates any unpaid dividends (dividends in arrears). These must be paid before any dividends can be paid to common stockholders.

5If interest rates rise, what happens to the price of existing bonds?

A.Bond prices rise

B.Bond prices fall

C.Bond prices remain unchanged

D.Bond coupon rates increase

Explanation: Bond prices and interest rates have an inverse relationship. When interest rates rise, existing bonds with lower coupon rates become less attractive compared to new bonds issued at higher rates, causing their prices to fall.

6Municipal bond interest is typically exempt from which type of tax?

A.State income tax only

B.Federal income tax only

C.Federal income tax, and possibly state tax if issued in your state

D.Capital gains tax

Explanation: Municipal bond interest is exempt from federal income tax. If the bond is issued in your state of residence, it may also be exempt from state and local taxes (triple tax-free).

7A bond trading at 95 is trading at:

A.A premium

B.A discount

C.Par value

D.Face value

Explanation: Bond prices are quoted as a percentage of par (face value). A bond at 95 is trading at 95% of par ($950 for a $1,000 bond), which is a discount. Premium = above 100, discount = below 100.

8Which type of bond is backed by the full faith and credit of the U.S. government?

A.Corporate bonds

B.Municipal bonds

C.Treasury securities

D.Agency bonds

Explanation: Treasury securities (T-bills, T-notes, T-bonds) are backed by the full faith and credit of the U.S. government, making them the safest fixed-income investments.

9Current yield is calculated as:

A.Coupon rate divided by par value

B.Annual interest divided by current market price

C.Total return divided by years to maturity

D.Yield to maturity minus coupon rate

Explanation: Current yield = Annual Interest / Current Market Price. It measures the income return on a bond based on what you actually pay, not the par value.

10Which bond rating indicates investment grade quality?

A.BB

B.CCC

C.BBB

D.D

Explanation: BBB (or Baa for Moody's) is the lowest investment grade rating. Anything below BBB/Baa is considered speculative or "junk" grade.

About the Series 6 Exam

Required for selling mutual funds, variable annuities, and variable life insurance products. The Series 6 is often called the 'limited' securities license compared to the Series 7.

Questions

50 scored questions

Time Limit

1 hour 30 minutes

Passing Score

70%

Exam Fee

$47 (FINRA)

Series 6 Exam Content Outline

12%

Seeking Business for the Broker-Dealer

Prospecting, advertising, and referrals

25%

Opening Customer Accounts

Customer profiles, documentation, and account types

47%

Providing Customers with Investment Information

Mutual funds, annuities, and variable products

16%

Processing Customer Transactions

Order handling, confirmations, and recordkeeping

How to Pass the Series 6 Exam

What You Need to Know

Passing score: 70%
Exam length: 50 questions
Time limit: 1 hour 30 minutes
Exam fee: $47

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

Series 6 Study Tips from Top Performers

1Master mutual fund share classes (A, B, C shares) and breakpoints

2Understand variable annuity features, especially separate accounts and riders

3Know the suitability requirements for different customer types

4Study the differences between qualified and non-qualified retirement plans

Frequently Asked Questions

What can I sell with a Series 6 license?

The Series 6 license allows you to sell mutual funds, variable annuities, variable life insurance, and unit investment trusts (UITs). It does not permit selling individual stocks, bonds, or options.

How many questions are on the Series 6 exam?

The Series 6 exam has 50 scored multiple-choice questions plus 5 unscored pretest questions (55 total). You have 1 hour and 30 minutes to complete it, and you need 70% (35 correct) to pass.

Should I get Series 6 or Series 7?

Choose Series 6 if you'll focus on mutual funds and insurance products at a bank or insurance agency. Choose Series 7 for broader securities sales including stocks, bonds, and options. Series 7 requires more study (70-100 hours vs 40-60) but offers more career flexibility.

Do I need the SIE before taking Series 6?

Yes, you must pass the SIE exam before or in conjunction with the Series 6. The SIE tests general securities knowledge, while Series 6 focuses on investment company products.

What is the Series 6 pass rate?

The Series 6 exam has an estimated pass rate of 58-59% for first-time test-takers. With focused study on mutual funds, variable annuities, and suitability requirements, you can significantly improve your chances of passing.