Question 1
In reinsurance terminology, what is the insurance company that transfers risk to a reinsurer called?
Correct Answer:
Cedant (ceding company)
Question 2
Which term describes reinsurance purchased by a reinsurer to protect its own exposure?
Correct Answer:
Retrocession
Question 3
Which is NOT one of the principal functions of reinsurance for a ceding insurer?
Correct Answer:
Guarantee underwriting profit
Question 4
A quota share treaty under which the cedant retains 30% and cedes 70% will split a $200,000 loss how?
Correct Answer:
Cedant $60,000; reinsurer $140,000
Question 5
Which reinsurance form covers a single policy or risk and is negotiated individually between cedant and reinsurer?
Correct Answer:
Facultative reinsurance
Question 1
Exam overview

About this Exam

The Project Management Professional (PMP) certification is the world's leading project management qualification. It validates that project managers possess the experience, education, and competency to lead and direct projects. This prestigious certification is designed for experienced project managers across all industries who want to solidify their skills, increase their earning potential, and stand out to employers globally. By achieving PMP status, professionals demonstrate a rigorous commitment to excellence and a deep understanding of project management principles.

More details

Additional Information

What the Course Entails and Exam Details

Preparing for the PMP exam requires dedication and a comprehensive understanding of the latest Project Management Body of Knowledge (PMBOK® Guide) and other relevant resources. The current PMP exam content focuses on three key domains:

People (42%): Covering topics like conflict management, team leadership, supporting virtual teams, mentoring, and ensuring team members/stakeholders are adequately trained. Process (50%): This domain involves managing projects with agility, including methodologies (predictive, agile, hybrid), managing budget and resources, scheduling, handling procurement, and determining the appropriate project methodology. Business Environment (8%): Focusing on compliance, delivering project value and benefits, supporting organizational change, and evaluating the external business environment's impact on projects.


What to Expect in the Final Exam

The PMP exam is a rigorous test of both knowledge and situational application. It consists of 180 questions, a mix of multiple-choice, multiple responses, matching, hotspot, and limited fill-in-the-blank questions. Candidates have 230 minutes (just under 4 hours) to complete the exam, with two 10-minute breaks available. The passing score is determined by sound psychometric analysis and is not publicly disclosed, adding to the exam's challenging reputation. The entire process is closed-book, monitored by proctors, and requires candidates to apply their project management experience and theoretical knowledge to diverse scenarios.


How to Study and Exam Centers

Effective preparation for the PMP exam is crucial for success. Utilize the official PMBOK® Guide and other recommended study materials as your primary resources. Enroll in a formal PMP exam prep course from a Registered Education Provider (R.E.P.) or authorized training partner, which can also help fulfill the required 35 contact hours of project management education. Take numerous full-length practice exams to become familiar with the question format, time constraints, and to identify areas needing more focus. Form or join a study group to discuss complex topics and share insights. Consistent, dedicated study over several weeks or months is typically necessary.

You can schedule and take the PMP exam through Pearson VUE, PMI’s trusted testing partner. Options include taking the exam at one of the thousands of secure Pearson VUE testing centers worldwide or selecting the online proctored exam option, allowing you to take the test from the comfort of your home or office while being monitored online. Visit the Project Management Institute (PMI) and Pearson VUE websites for detailed information on scheduling, location availability, and specific requirements for each testing modality.


Job Opportunities from the Course

Earning your PMP certification unlocks significant career advancement and opens doors to diverse, lucrative opportunities across various sectors. Some common job titles and career paths for PMP-certified professionals include:

  • Project Manager (Across IT, Construction, Healthcare, Finance, Manufacturing, etc.)

  • Senior Project Manager

  • Program Manager (Managing groups of related projects)

  • Portfolio Manager (High-level strategic management of multiple programs/projects)

  • IT Project Manager

  • Construction Project Manager

  • Healthcare Project Manager

  • Consultant (Project Management Specialization)

  • Operations Manager / Chief Operating Officer (COO)

  • PMO (Project Management Office) Director / Manager

Quiz information

Frequently Asked Questions

The complete question count is available after full access is unlocked.
No fixed duration is currently configured for this quiz.
Question explanations are included where they are available in the quiz content, helping you review the reasoning after answering.
Yes. You can retake the practice test again as you continue studying during your available access period.
After your access is confirmed, you can continue into the complete practice exam from this quiz flow.
Unless explicitly stated otherwise, this page provides independent practice material for study and exam preparation and is not the official examination itself.
Keep studying

Related Questions