NEVADA BUSINESS AND LAW CONTRACTOR
EXAMINATION
Domain 1: Nevada State Contractors Board (NSCB) Licensing &
Regulations
Question 1
According to Nevada Revised Statutes (NRS) Chapter 624, what is
the primary regulatory requirement regarding monetary limits on
contractor licenses?
A) Contractors may bid on projects of any size regardless of their
licensed monetary limit.
B) A contractor cannot bid on, contract for, or execute work
exceeding their established monetary limit on their license.
C) Monetary limits apply only to residential projects exceeding
$100,000.
D) Monetary limits are adjusted monthly by the NSCB without
notification.
Correct Answer: B
Rationale: Under NRS 624, the NSCB assigns a monetary limit to
each license based on financial responsibility, working capital,
and experience. Bidding or contracting above this limit is a
violation subject to disciplinary action.
Question 2
According to Nevada Revised Statutes (NRS) Chapter 624, what is
the primary regulatory requirement regarding monetary limits on
contractor licenses?
,A) Contractors may bid on projects of any size regardless of their
licensed monetary limit.
B) A contractor cannot bid on, contract for, or execute work
exceeding their established monetary limit on their license.
C) Monetary limits apply only to residential projects exceeding
$100,000.
D) Monetary limits are adjusted monthly by the NSCB without
notification.
Correct Answer: B
Rationale: Under NRS 624, the NSCB assigns a monetary limit to
each license based on financial responsibility, working capital,
and experience. Bidding or contracting above this limit is a
violation subject to disciplinary action.
Question 3
According to Nevada Revised Statutes (NRS) Chapter 624, what is
the primary regulatory requirement regarding monetary limits on
contractor licenses?
A) Contractors may bid on projects of any size regardless of their
licensed monetary limit.
B) A contractor cannot bid on, contract for, or execute work
exceeding their established monetary limit on their license.
C) Monetary limits apply only to residential projects exceeding
$100,000.
D) Monetary limits are adjusted monthly by the NSCB without
notification.
,Correct Answer: B
Rationale: Under NRS 624, the NSCB assigns a monetary limit to
each license based on financial responsibility, working capital,
and experience. Bidding or contracting above this limit is a
violation subject to disciplinary action.
Question 4
According to Nevada Revised Statutes (NRS) Chapter 624, what is
the primary regulatory requirement regarding monetary limits on
contractor licenses?
A) Contractors may bid on projects of any size regardless of their
licensed monetary limit.
B) A contractor cannot bid on, contract for, or execute work
exceeding their established monetary limit on their license.
C) Monetary limits apply only to residential projects exceeding
$100,000.
D) Monetary limits are adjusted monthly by the NSCB without
notification.
Correct Answer: B
Rationale: Under NRS 624, the NSCB assigns a monetary limit to
each license based on financial responsibility, working capital,
and experience. Bidding or contracting above this limit is a
violation subject to disciplinary action.
Question 5
According to Nevada Revised Statutes (NRS) Chapter 624, what is
the primary regulatory requirement regarding monetary limits on
contractor licenses?
, A) Contractors may bid on projects of any size regardless of their
licensed monetary limit.
B) A contractor cannot bid on, contract for, or execute work
exceeding their established monetary limit on their license.
C) Monetary limits apply only to residential projects exceeding
$100,000.
D) Monetary limits are adjusted monthly by the NSCB without
notification.
Correct Answer: B
Rationale: Under NRS 624, the NSCB assigns a monetary limit to
each license based on financial responsibility, working capital,
and experience. Bidding or contracting above this limit is a
violation subject to disciplinary action.
Question 6
According to Nevada Revised Statutes (NRS) Chapter 624, what is
the primary regulatory requirement regarding monetary limits on
contractor licenses?
A) Contractors may bid on projects of any size regardless of their
licensed monetary limit.
B) A contractor cannot bid on, contract for, or execute work
exceeding their established monetary limit on their license.
C) Monetary limits apply only to residential projects exceeding
$100,000.
D) Monetary limits are adjusted monthly by the NSCB without
notification.
EXAMINATION
Domain 1: Nevada State Contractors Board (NSCB) Licensing &
Regulations
Question 1
According to Nevada Revised Statutes (NRS) Chapter 624, what is
the primary regulatory requirement regarding monetary limits on
contractor licenses?
A) Contractors may bid on projects of any size regardless of their
licensed monetary limit.
B) A contractor cannot bid on, contract for, or execute work
exceeding their established monetary limit on their license.
C) Monetary limits apply only to residential projects exceeding
$100,000.
D) Monetary limits are adjusted monthly by the NSCB without
notification.
Correct Answer: B
Rationale: Under NRS 624, the NSCB assigns a monetary limit to
each license based on financial responsibility, working capital,
and experience. Bidding or contracting above this limit is a
violation subject to disciplinary action.
Question 2
According to Nevada Revised Statutes (NRS) Chapter 624, what is
the primary regulatory requirement regarding monetary limits on
contractor licenses?
,A) Contractors may bid on projects of any size regardless of their
licensed monetary limit.
B) A contractor cannot bid on, contract for, or execute work
exceeding their established monetary limit on their license.
C) Monetary limits apply only to residential projects exceeding
$100,000.
D) Monetary limits are adjusted monthly by the NSCB without
notification.
Correct Answer: B
Rationale: Under NRS 624, the NSCB assigns a monetary limit to
each license based on financial responsibility, working capital,
and experience. Bidding or contracting above this limit is a
violation subject to disciplinary action.
Question 3
According to Nevada Revised Statutes (NRS) Chapter 624, what is
the primary regulatory requirement regarding monetary limits on
contractor licenses?
A) Contractors may bid on projects of any size regardless of their
licensed monetary limit.
B) A contractor cannot bid on, contract for, or execute work
exceeding their established monetary limit on their license.
C) Monetary limits apply only to residential projects exceeding
$100,000.
D) Monetary limits are adjusted monthly by the NSCB without
notification.
,Correct Answer: B
Rationale: Under NRS 624, the NSCB assigns a monetary limit to
each license based on financial responsibility, working capital,
and experience. Bidding or contracting above this limit is a
violation subject to disciplinary action.
Question 4
According to Nevada Revised Statutes (NRS) Chapter 624, what is
the primary regulatory requirement regarding monetary limits on
contractor licenses?
A) Contractors may bid on projects of any size regardless of their
licensed monetary limit.
B) A contractor cannot bid on, contract for, or execute work
exceeding their established monetary limit on their license.
C) Monetary limits apply only to residential projects exceeding
$100,000.
D) Monetary limits are adjusted monthly by the NSCB without
notification.
Correct Answer: B
Rationale: Under NRS 624, the NSCB assigns a monetary limit to
each license based on financial responsibility, working capital,
and experience. Bidding or contracting above this limit is a
violation subject to disciplinary action.
Question 5
According to Nevada Revised Statutes (NRS) Chapter 624, what is
the primary regulatory requirement regarding monetary limits on
contractor licenses?
, A) Contractors may bid on projects of any size regardless of their
licensed monetary limit.
B) A contractor cannot bid on, contract for, or execute work
exceeding their established monetary limit on their license.
C) Monetary limits apply only to residential projects exceeding
$100,000.
D) Monetary limits are adjusted monthly by the NSCB without
notification.
Correct Answer: B
Rationale: Under NRS 624, the NSCB assigns a monetary limit to
each license based on financial responsibility, working capital,
and experience. Bidding or contracting above this limit is a
violation subject to disciplinary action.
Question 6
According to Nevada Revised Statutes (NRS) Chapter 624, what is
the primary regulatory requirement regarding monetary limits on
contractor licenses?
A) Contractors may bid on projects of any size regardless of their
licensed monetary limit.
B) A contractor cannot bid on, contract for, or execute work
exceeding their established monetary limit on their license.
C) Monetary limits apply only to residential projects exceeding
$100,000.
D) Monetary limits are adjusted monthly by the NSCB without
notification.
