100% Free B1 Practice Exam Questions and Answers

Stay Ahead with Latest B1 Certified Benefits Professional Practice Test Questions 2026

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Total 90 Questions | Updated On: Oct 27, 2026

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Question 1

Which of the following statements best describes defined contribution (DC) plans?

A : They require complex actuarial calculations and assumptions.

B : The benefit is based on a formula that considers pay and service.

C : They generally provide better benefits to employees with longer service.

D : The employee assumes the risk for the investments.

Answer: D

Question 2

What happens to the marginal cost if revenue accelerates slower than variable costs but fixed costs remain the same?

A : It remains the same.

B : It decreases because variable costs are increasing.

C : It increases at the same rate as variable costs.

D : It becomes increasingly higher as revenues increase.

Answer: D

Question 3

Regarding medical plans, what is the out-of-pocket maximum?

A : The most that the member will be liable for in relation to co-insurance

B : The maximum the plan will pay if the member is covered by another insurance plan

C : The limit the member will be required to pay at each doctor visit

D : The lifetime limit for benefits to any one employee

Answer: A

Question 4

Upon which criterion are step increases typically based?

A : Market adjustment

B : Longevity

C : Individual performance

D : Skills

Answer: B

Question 5

Regarding fixed and variable costs, what tends to happen as revenue increases?

A : Variable costs decrease

B : Fixed costs decrease

C : Variable costs increase and consume a higher percent of revenue

D : Fixed costs remain the same and consume a lower percent of revenue

Answer: D

Page: 1 / 18

Total 90 Questions | Updated On: Oct 27, 2026

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