Salesforce FINANCIAL-SERVICES-CLOUD Online Practice Questions and Exam Preparation

Salesforce FINANCIAL-SERVICES-CLOUD Online Questions & Answers

• Question 1:

  Financial Advisors can create a financial goal to track a client's progress toward major purchases, retirement savings, or other life goals. Which statements are correct?

  A. You can only create savings-oriented goals.
  B. You can't create a goal for paying down a debt.
  C. You can associate a goal with a specific financial account.
  D. Financial Goals require the Financial Goals permission set to be visible to a user.
  A. You can only create savings-oriented goals.
  B. You can't create a goal for paying down a debt.

• Question 2:

  What is a method for adding content to Salesforce CRM content? (2 answers)

  A. Attachments
  B. Chatter files
  C. Libraries
  D. Documents
  B. Chatter files
  C. Libraries

• Question 3:

  When creating a Custom Summary Formula in a Report, what are the four valid Summary Types which you can select? (4 answers)

  A. Average
  B. Previous
  C. Total
  D. Min
  E. Max
  F. Sum
  A. Average
  D. Min
  E. Max
  F. Sum

• Question 4:

  Sam is the Salesforce Admin for Valley Bank. The bank's financial advisors are complaining they can't see an accurate summary of their client's financial data as clients often change households. Sam wants to give his financial advisors a better view of the client's complete financial situation. How can he set this up using FSC?

  A. Create a custom object to track the client's financial data
  B. Use Process Builder to create a workflow to summarize data at the Person Account level
  C. Set client's financial data to be rolled up using Primary Group feature
  C. Set client's financial data to be rolled up using Primary Group feature

• Question 5:

  Which of these statements is correct?

  A. To give users access to the new action plans feature, you must add the Action Plans permission set to the user.
  B. Lightning is not required to enable Action Plans
  C. To assign the Action Plans permission set the user must have a Financial Services Cloud license.
  D. Assigning the Action Plan permission set automatically assigns an Action Plans permission set license to the user.
  A. To give users access to the new action plans feature, you must add the Action Plans permission set to the user.
  D. Assigning the Action Plan permission set automatically assigns an Action Plans permission set license to the user.

• Question 6:

  The VP of sales at universal containers requested that "Verbal Agreement" be added as a new opportunity stage. The Administrator added this new picklist value to the stage field, but found that the new value was not available to users. What should the administrator do?

  A. Ensure the limit of 10 stage values was not exceeded
  B. Ensure the new value was marked as active
  C. Add the new value to the appropriate record type
  D. Add the new value to the appropriate sales process
  D. Add the new value to the appropriate sales process

• Question 7:

  The support team at Universal Containers wants to be more proactive about renewing support plans with customers. They would like the support representative dedicated to each account to be notified a month before the account`s support plan expires.

  What should an administrator configure to meet this requirement?

  A. Assignment rule
  B. Workflow rule
  C. Auto-Response rule
  D. Escalation rule
  B. Workflow rule

• Question 8:

  An opportunity record created with a close date of July 30, meets the criteria of time - dependent workflow rule. The time dependent action is scheduled for July 23. What happens if the opportunity is edited before July 23 and no longer meets the criteria?

  A. The time dependent action is automatically removed from the queue
  B. The time dependent action is put on hold
  C. The time dependent action will execute on July 30.
  D. The time dependent action will execute on July 23
  A. The time dependent action is automatically removed from the queue

• Question 9:

  Universal Containers wants to automatically back up all the Salesforce data on a monthly basis. Which tool can a system administrator use to meet this requirement?

  A. Data export service
  B. Analytic snapshot
  C. Import wizard
  D. Scheduled report.
  A. Data export service

• Question 10:

  A user is having trouble logging into Salesforce. The users login history shows that this person has attempted to log in multiple times and has been locked out of the organization. How can the system administrator help the user log into Salesforce? (2 answers)

  A. Click reset password on the users record detail page.
  B. Send an email to the user containing the user's password
  C. Log in as the user and enter a new password
  D. Click unlock on the users record detail page
  A. Click reset password on the users record detail page.
  D. Click unlock on the users record detail page