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If virtual memory usage is disabled (set to 0) in lve then it won't show in the cPanel interface - at same time, it's recommended to actually only use the PMEM setting and keep VMEM set to 0.
Last time I talked with CloudLinux, they said they'll eventually deprecate setting VMEM since it brings no actual benefit.
Does this mean that the 1 GB PMEM shows in cPanel is dedicated to me? since they disabled the VMEM.
https://docs.cloudlinux.com/index.html?memory_limits.html
Read what the limits does :-) 1 gigabyte PMEM means your account can consume 1 gigabyte - if it's dedicated? Probably not, but you can most likely use it all majority of the time, since a provider would next to never end up with all memory from all customers being consumed at same time :-)
I just double check their (TOS) and (AUP). They don't say "memory usage cannot exceed X% of the server’s total memory in a given space of time."