Mississippi Law and Business Practice Exam

The Mississippi Law and Business Management exam is mandatory for all contractors applying for a commercial or residential license in Mississippi. Whether you’re a first-time applicant or updating your qualifications, passing this exam is essential.

Exam Details at a Glance

• Number of Questions: 50
• Time Allotted: 120 minutes (2 hours)
• Passing Score: 70%
• Total Question Bank (our practice test): Over 230 unique questions
• Testing Agency: PSI
• Testing Format: Multiple choice, simulates actual exam conditions
• Breakdown by Category:
  • Licensing (5)
  • Estimating and Bidding (7)
  • Lien Law (1)
  • Financial Management (5)
  • Tax Laws (5)
  • Labor Laws (5)
  • Project Management (5)
  • Contracts (6)
  • Business Organization (2)
  • Risk Management (4)
  • Environmental and Safety (5)

For a detailed list of topics and the referenced materials, review the official PSI Bulletin.

While the Mississippi Law and Business Management exam isn’t the hardest contractor test in the U.S., it is comprehensive and time-pressured. The 120-minute window for 50 questions is designed to test your ability to quickly reference materials, manage your time, and apply knowledge to real-world contract management situations.

Practicing under timed conditions, with a question bank substantially larger than the real exam, helps boost your speed, accuracy, and confidence. Our platform replicates test-day stress, resulting in better performance when it matters most.

Wondering if you can get a PDF version?
We intentionally do not offer PDF downloads of our Mississippi business and law practice test. Instead, our online timed tests offer an authentic PSI exam experience:

• Practice under real exam pressure—watch the timer count down, just like on exam day
• Randomized questions from a pool of over 230
• Mimics the open-book conditions you’ll have at the PSI center
• Helps you develop time management skills essential for test day success

Studies show that working in “exam conditions” dramatically improves recall, focus, and familiarity with PSI’s format.

Our practice exam is designed to replicate the actual PSI testing experience in every way:

• Comprehensive Question Bank: Over 230 carefully crafted questions covering all exam content areas
• Authentic Format: 50 questions selected from our question bank in the exact distribution as the real exam
• Time-Limited: 120 minutes to complete the exam, matching the PSI time constraint
• Passing Threshold: 70% passing score requirement, identical to the actual exam

To give you a taste of what to expect, here are a few sample questions that might appear on the Mississippi contractors license test. These are designed to reflect the style and content of the actual exam:

• Question on Licensing: What is the primary purpose of contractor licensing in Mississippi?

  • A) To ensure contractors pay taxes
  • B) To protect public health, safety, and welfare
  • C) To limit competition in the industry
  • D) To increase state revenue
  • Answer: B) To protect public health, safety, and welfare
  • Reference: NASCLA Contractors Guide to Business, Law and Project Management – Mississippi, 6th Edition (Licensing Section)

• Question on Contracts: What is a key element of a legally binding contract?

  • A) Verbal agreement only
  • B) Mutual consent and consideration
  • C) A handshake agreement
  • D) A written proposal without signatures
  • Answer: B) Mutual consent and consideration
  • Reference: NASCLA Contractors Guide (Contracts Section)

• Question on Safety: Under OSHA regulations, what is a contractor’s responsibility regarding workplace safety?

  • A) Ignore minor hazards
  • B) Provide a safe working environment
  • C) Delegate safety entirely to employees
  • D) Report hazards only after accidents
  • Answer: B) Provide a safe working environment
  • Reference: NASCLA Contractors Guide (Environmental and Safety Section)

These sample questions are just a glimpse of what our Mississippi Law and Business Practice Exam offers. With over 230 questions in our bank, you’ll get extensive practice across all tested areas.

All candidates must register through PSI. To begin, visit the PSI Mississippi Contractors page.

The only permitted reference during the test is the NASCLA Contractors Guide. Ensure your material is properly tabbed and highlighted, but free of handwritten notes. Bring only allowed materials (no loose papers). For further instruction and licensing forms, the Mississippi State Board of Contractors’ forms page is a key resource.

• Realistic PSI-style timed assessments
• Wide-ranging question bank that stays updated
• Simulates real exam pressure, improving your time management
• Answers immediately explained with reference pointers for deeper learning

Your success on the Mississippi law and business management exam can open the door to steady and rewarding work as a licensed contractor in Mississippi.

Looking to prepare for other contractor exams? Explore our other resources:

• NASCLA Commercial General Building Exam Practice
• Free OSHA 1926 Practice Exam
• Free NASCLA Business Management Practice Test

Passing the Mississippi Law and Business Management Exam is your gateway to a successful contracting career in the state. With the right preparation, you can tackle the 50-question, 2-hour test and achieve the 70% passing score with ease. Our Mississippi Law and Business Practice Exam offers a realistic, timed testing experience with a comprehensive question bank, ensuring you’re fully equipped for success.

Don’t leave your licensing to chance. Start practicing with our tailored platform today and take the first step toward securing your Mississippi contractor’s license. Let us help you turn your hard work into a rewarding career!