The CKS exam is 2 hours long, requires a passing score of 67%, and includes 15-20 performance-based tasks using Kubernetes version 1.20, costing $300 USD. Each task is performed on a designated cluster with elevated privileges, and candidates must follow specific instructions for connecting and managing nodes. The exam certification is valid for two years, and essential preparation tips include reviewing documentation, managing time effectively, and being proficient in vi/vim for file editing.