What are FSMO roles and what happens if the PDC Emulator goes down?
FSMO roles are five special jobs held by specific domain controllers: Schema Master and Domain Naming Master per forest; RID Master, PDC Emulator and Infrastructure Master per domain. If the PDC Emulator is down, time sync and password-change replication suffer and some lockouts behave oddly; you can transfer or, if it is dead, seize the role to another DC.
What they are checking: Knowing the roles and the impact of losing one.
Likely follow-up: When do you transfer a role and when do you seize it?