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

Salesforce FINANCIAL-SERVICES-CLOUD Online Questions & Answers

• Question 151:

  Cumulus Bank is migrating its CRM software from a legacy application to Salesforce Financial Services Cloud (FSC). The bank hired Salesforce Professional Services to configure/deploy the new Salesforce FSC org and migrate data.

  Which order should a consultant follow when performing the data migrations?

  A. Individuals,then Financial Account Roles, then Financial Accounts, then Financial Account Transactions
  B. Individuals, then Financial Accounts, then Financial Account Roles, then Financial Account Transactions
  C. Financial Accounts, then Financial Account Roles, thenIndividuals, then Financial Account Transactions
  D. Financial Accounts, then Financial Account Transactions, thenVinancial Account Roles, then Individuals
  B. Individuals, then Financial Accounts, then Financial Account Roles, then Financial Account Transactions

• Question 152:

  Which two limitations should a Salesforce Administrator consider before enabling Person Accounts?

  A. Person Accounts can be enabled and disabled only by contacting Salesforce Support
  B. Person Accounts cannot be disabled once they were enabled
  C. Creating a client record via Salesforce Inbox is not supported.
  D. AppExchange packages will not work if Person Accounts are enabled
  B. Person Accounts cannot be disabled once they were enabled
  C. Creating a client record via Salesforce Inbox is not supported.

• Question 153:

  How are identification documents, other assets, liabilities, goals, and revenue modeled, in an existing Financial Services Cloud org using the individual account model?

  A. An administrator is logged in to Data Loader with their own credentials to insert new Business Account records into their Salesforce environment. They forget to specify the Account Owner field in the import file.
  B. Assuming there are no other issues, what should happenwhen the administrator uploads the import file?The Attachment object is used to represent other assets, liabilities, and goals. In the individual model, these attachments are related to the Account object.
  C. Custom obiects are used to represent other assets, liabilities, and goals. In the individual model, these objects are related to the Account oJ Nj.
  D. Document, Note, and Attachment objects are used to represent other assets, liabilities, and goals. In the individual model, these objects are related to the person account.
  B. Assuming there are no other issues, what should happenwhen the administrator uploads the import file?The Attachment object is used to represent other assets, liabilities, and goals. In the individual model, these attachments are related to the Account object.

• Question 154:

  A Financial Services Cloud (FSC) administrator is assigning permission set licenses to users, including personal bankers. Which permission set license is recommended for this set of users?

  A. FSC Foundations permission set license
  B. FSC Basic permission set license
  C. FSC Extension permission set license
  D. FSC Standard permission set license
  D. FSC Standard permission set license

• Question 155:

  The system administrator team at a retail consumer bank justreceived data migration instructions and guidance on Data Loader from their Salesforce architect to upgrade the existing Service Cloud org to a Financial Services Cloud (FSC) org. In what order should the Salesforce objects be uploaded during an FSC datamigration?

  A. 1. Accounts and contacts2. Financial accounts3. Account groups and households
  B. 1. Financial accounts2. Accounts and contacts3, Account groups
  C. 1. Accounts and contacts2. Households3. Financial accounts
  D. 1. Households2.Financial accounts3. Person accounts
  A. 1. Accounts and contacts2. Financial accounts3. Account groups and households

• Question 156:

  For which three objects are Rollup By Lookup (RBL) summaries are available?

  A. Life Events
  B. Financial Accounts
  C. Assets and Liabilities
  D. Contacts
  E. Claims
  B. Financial Accounts
  C. Assets and Liabilities
  D. Contacts

• Question 157:

  Lake Tahoe Bank is evaluating Financial Services Cloud to help them deliver a customer- centric view. They currently have a heavily customized Salesforce implementation with a product-centric design. Lake Tahoe Bank wants to make sure planned changes have a minimal impact on users during implementation.

  What is the recommended approach for implementing Financial Services Cloud at Lake Tahoe Bank?

  A. Implement Financial Service Cloud in a new org (Green Field) and redesign business capabilities in Ihe new org.
  B. Implement Financial Service Cloud in a Trial org and convert the Trial org toproduction org.
  C. Implement Financial Service Cloud in the existing org (Brow Field).
  D. Implement Financial Service Cloud in the existing org's Sandbox and then deploy to production org to mitigate the end-user impact
  A. Implement Financial Service Cloud in a new org (Green Field) and redesign business capabilities in Ihe new org.

• Question 158:

  How shoulddevelopers configure customized nodes for display in the Actionable Relationship Center (ARC)?

  A. Reference the Lightning web component in the Display properties of the custom ARC relationship graph.
  B. Select Use Flex Card from the node Display tab to show the node in a Flex Card
  C. Reference the flex Card in the Display properties of the custom ARC relationship graph.
  D. Select Omni Script from the node Actions tab to show the node in an Omni Script.
  C. Reference the flex Card in the Display properties of the custom ARC relationship graph.

• Question 159:

  Lake Tahoe Bank allows more than two owners on Financial Accounts. The Salesforce Admin wants to make sure that balances are rolled up to all joint owner's primary Households. Which 2 options does the Salesforce Admin have to accomplish this?

  A. Enable all RBL (Rollup By Lookup) rules to ensure the balances are rolled up to the householdlevel.
  B. Enable the 'Enable Rollup Summary' in custom settings
  C. Create custom RBL (Rollup By Lookup) rules to rollup the joint owner balances.
  D. Disable RBL (Rollup By Lookup) rules that rollup balances using joint owner on Financial Account.
  E. Enable RBL (Rollup By Lookup) rules that rollup balances using Financial Account Role for joint owners.
  C. Create custom RBL (Rollup By Lookup) rules to rollup the joint owner balances.
  E. Enable RBL (Rollup By Lookup) rules that rollup balances using Financial Account Role for joint owners.

• Question 160:

  The Salesforce Admin at Lake Tahoe Bank is implementing Financial Services Cloud and wants to roll up customer data at the client and group levels. What functionality can Rollup By Lookup (RBL) provide for this requirement?

  A. RBL calculations can notbe disabled when importing data into your Salesforce org.
  B. An RBL rule displays summary calculations of financial account information, such as account balances.
  C. When you edit a financial account record or primary Group membership, the Rollup By Lookup(RBL) configuration updates the corresponding RBL summaries at the client and Group levels.
  D. Rollups for multiple joint owners are not supported
  E. Rollup By Lookup (RBL) displays associated records for Financial Accounts. Financial Goals, and Opportunities.
  B. An RBL rule displays summary calculations of financial account information, such as account balances.
  C. When you edit a financial account record or primary Group membership, the Rollup By Lookup(RBL) configuration updates the corresponding RBL summaries at the client and Group levels.
  E. Rollup By Lookup (RBL) displays associated records for Financial Accounts. Financial Goals, and Opportunities.