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

Salesforce FINANCIAL-SERVICES-CLOUD Online Questions & Answers

• Question 101:

  A sales executive at Universal containers wants to be notified whenever high-value opportunities are created for hot accounts. How should an administrator meet this requirement?

  A. Create an escalation rule based on the opportunity amount.
  B. Create the workflow rule on opportunity object.
  C. Create an auto-response rule on the opportunity amount.
  D. Create a validation rule that evaluates the account rating
  B. Create the workflow rule on opportunity object.

• Question 102:

  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 103:

  Which two statements are true about Group Membership in Financial Services Cloud?

  A. Group Membership defines the role of the member within the Group.
  B. With Group Membership settings you can define if a Group is the member's primaryGroup.
  C. With Group Membership settings you can define who is the primary and who is the secondary member within the Group.
  D. Group Membership is modeled using the Account-Group Relationship object.
  A. Group Membership defines the role of the member within the Group.
  B. With Group Membership settings you can define if a Group is the member's primaryGroup.

• Question 104:

  How can the Salesforce Admin change the configuration to summarize Financial Goals at the household level?

  A. Add a custom Rollup By Lookup (RBL) rule.
  B. Financial Goalscan not be summarized at the household level.
  C. Create a formula field and add it to the Account page layout
  D. Update the selection in "Activities and Objects to Roll Up' to indude Financial Goals
  D. Update the selection in "Activities and Objects to Roll Up' to indude Financial Goals

• Question 105:

  Cumulus Bankhas implemented Compliant Data Sharing in Financial Services Cloud. Which two things happen when an opportunity record that has opportunity participants with associated share table entries is set to Private?

  A. The share table records are deleted.
  B. Sharetable records need to be manually deleted.
  C. All opportunity participant records are delete
  D. The opportunity participant records are not deleted.
  A. The share table records are deleted.
  D. The opportunity participant records are not deleted.

• Question 106:

  An insurance companyaims to improve a call center's productivity. A detailed analysis discovered that agents spend a lot of time capturing data while adding and updating beneficiary details. Capturing premium payment details (payment date and frequency) is another time-consuming task. Which action should a Financial Services Cloud consultant take to resolve the issue?

  A. Utilize Insurance Flow Templates.
  B. Create an Action Plan Template for capturing beneficiary data and payment information.
  C. Provide a better user interfaceby building Lightning web components for beneficiary data and payment information.
  D. Install an Insurance Data AppExchange package.
  A. Utilize Insurance Flow Templates.

• Question 107:

  Which three processes are part of Claims Management?

  A. Auto Adjudication
  B. Reserve Management
  C. Quoting
  D. Underwriting
  E. Payment
  A. Auto Adjudication
  B. Reserve Management
  E. Payment

• Question 108:

  Which three permission sets grant access or extend permissionsfor record alerts in Financial Services Cloud (FSC)?

  A. OmniStudio Admin permission set
  B. FSC Standard permission set
  C. FSC Foundations permission set
  D. FSC Basic permission set
  E. OmniStudio User permission set
  B. FSC Standard permission set
  C. FSC Foundations permission set
  E. OmniStudio User permission set

• Question 109:

  The ActionableRelationship Center (ARC) is using the Association Type picklist to control the account-account relationships. Which three of the following names are Association Type picklist field values?

  A. Member
  B. Group
  C. Trust
  D. Family
  E. Peer
  C. Trust
  D. Family
  E. Peer

• Question 110:

  Lake Tahoe Bank branch manager Sue Barry wants to encourage all Personal Bankers to use Action Plans to capture repeatable tasks and automate the task sequences, improving collaboration and productivity. Which three of the following statements about Action Plans are true?

  A. When you work with Action Plans, you first create Action Plan Templates
  B. Action Plans require a monthly license fee per user
  C. Action Plans can be used to schedule appointments with the Bankers
  D. Action Plans make it easy to create reports and dashboards, so you can monitor progress and ensure compliance
  E. Action Plans can be used to automatically assign task owners and deadlines for specific client engagements
  A. When you work with Action Plans, you first create Action Plan Templates
  D. Action Plans make it easy to create reports and dashboards, so you can monitor progress and ensure compliance
  E. Action Plans can be used to automatically assign task owners and deadlines for specific client engagements