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The Uniform Securities Agent State Law Examination consists of 65 multiple-choice questions. Applicants are allowed 75 minutes to complete the examination. Applicants must attain scores of 72% in order to pass. Credit is only given for correct answers. Of the 65 questions on the exam, 60 will count toward the final score.
Only 50 are scored; the other 10 (randomly scattered throughout the exam) are used for experimental purposes. The raw score is converted to a "scaled score" based on the measured difficulty of the version of the test taken; the scaled score is used to determine passing scores. Scaled scores range between 50 and 150, with a median very close to 100.
The Series 7 is a three-hour, forty-five-minute exam. [1] It is held in one four-hour session. There are 125 questions on the test. Candidates have to score at least 72% to pass. The SIE Exam and the Series 7 Exam are co-requisite exams. [9] Average study time is between 80 and 150 hours depending on current financial knowledge. [10]
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Test administrators or proctors are also not allowed to read aloud to the student any of the questions, passages, prompts, or answer choices in the English language or their first language during the test. Georgia: Georgia Department of Education: Criterion-Referenced Competency Tests (retired) Georgia Milestones: End of Course Test(grades 9-12)
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The test itself will contain a set amount of questions, and will have different resources provided within the test, depending on the subject. In an English standardized test, there will usually be multiple passages, and a few open response questions. There is also an answer eliminator for multiple-choice questions.
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