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

Salesforce FINANCIAL-SERVICES-CLOUD Online Questions & Answers

• Question 161:

  Lake Tahoe Bank branch manager is asking the Salesforce Administrator for improvements in Salesforce to speed up Loan Approval Processing. The Salesforce Admin isconsidering using Action Plans. Which 3 process improvements can be delivered using Action Plans?

  A. Action Plans create repeatable tasks and automate the task sequences when executed
  B. When you create an action plan from a template for a specific targetrecord, items that have no assigned user are assigned to the owner of that " target record.
  C. Action Plans can automatically schedule the next appointment with the Advisor.
  D. Action Plans enhance collaboration and productivity by automatically assigning task owners and deadlines for specific client processes.
  E. Action Plans can speed up the collection of a list of documents needed for the loan application
  A. Action Plans create repeatable tasks and automate the task sequences when executed
  B. When you create an action plan from a template for a specific targetrecord, items that have no assigned user are assigned to the owner of that " target record.
  D. Action Plans enhance collaboration and productivity by automatically assigning task owners and deadlines for specific client processes.

• Question 162:

  A private equity company with only one administrator wants to upgrade Financial Services Cloud (FSC) from a Sales Cloud Unlimited Edition (UE) org. The company decided to install FSC greenfield on a new org to minimize the transfer of existing tech debt. In preparation for data migration, the administrator has been exporting backup files of the current org for a month.

  What should the administrator do as part of the preparation for the data migration process?

  A. The administrator can ask the business manager on the investment bank team to review the file directly.
  B. After running the backup data export manually for 2 weeks, the administrator can schedule this job to run weekly every Sunday to review the file on Mondays atthe start of the week for data comparisons/analysis.
  C. As a dry run, the administrator can test this process via a data export request from the primary sandbox to the existing Sales Cloud UE org.
  D. To start, the administrator can run a daily backup dataexport for a week, then continue to run this job weekly until they are ready for data migration.
  D. To start, the administrator can run a daily backup dataexport for a week, then continue to run this job weekly until they are ready for data migration.

• Question 163:

  Scott Adams calls his Personal Banker HankBurton to apply for a loan to buy a boat. Hanks wants to refer Scott to the loan department, but the current process is manual and time- consuming. Hank is asking the bank's System Administrator to automate Referral creation in Salesforce. How can the Adminspeed up and simplify Referral creation?

  A. Write a trigger to create Referrals from a 'Create Referral* button.
  B. Use the Case process and create Cases with Case Type 'Referrar'.
  C. Use Global Action To create Referrals.
  D. Use
  C. Use Global Action To create Referrals.

• Question 164:

  Lake Tahoe Bank wants their customer reps to be able to see client records such as Person Accounts, but want to restrict access to Financial Accounts to protect the privacy of theirclients. Which two steps can an admin take to ensure that all users see Person Accounts, but only specific users can view Financial Accounts?

  A. Grant users access to the Financial Account object with permission set
  B. Change Organization-wide Defaults (OWD) sharing on the 'Financial Accounts* object to Private'.
  C. Change Organization-wide Defaults (OWD) sharing on the 'Person Accounts" object to 'Controlled by Parent.
  D. Change Organization-wide Defaults (OWD) shanng on the "Financial Accounts' object toPublic Read/Write'.
  A. Grant users access to the Financial Account object with permission set
  B. Change Organization-wide Defaults (OWD) sharing on the 'Financial Accounts* object to Private'.

• Question 165:

  In Financial Services Cloud, what is the criteria for commas and symbols to be displayed correctly on the Financial Account Summary component?

  A. User currency must match org default currency.
  B. Account currency must match org default currency.
  C. User's locale must match user's currency.
  D. User's locale and language must match user's currency.
  C. User's locale must match user's currency.

• Question 166:

  What 2 considerations should the Salesforce Administrator review before implementing Flow for customer onboarding?

  A. Use Field Level Security on Milestones
  B. Flow for Financial Service Cloud is not available for the Individual Object Model.
  C. Flow Screen Input Components can only be used in Financial Service Cloud Flow Templates
  D. The Flow users require a Flow Permission Set License.
  A. Use Field Level Security on Milestones
  B. Flow for Financial Service Cloud is not available for the Individual Object Model.

• Question 167:

  A system administrator at a financial services company wants to build a report to show Interest Tags.

  Which two things should the administrator consider when configuring the report?

  A. When the user defines the custom report type, Tag Categories should be selected as the Primary Object.
  B. When the user defines the custom report type, Topics should be selected as the Primary Object.
  C. The user must build a report using the Topics object to view Interest Tags in the report.
  D. To show Interest Tags applied to specific objects, the user can add a filter in the report and select the object name.
  B. When the user defines the custom report type, Topics should be selected as the Primary Object.
  D. To show Interest Tags applied to specific objects, the user can add a filter in the report and select the object name.

• Question 168:

  Scott Adams is opening a joint savings account with his mom, Rachel Adams. Rachel Adams is the primary member ofthe Adams Household. Personal Banker Hank Burton wants to make sure that Scott's data is rolling up to the Adams Household. How can the Banker accomplish this?

  A. Make the Adams Household Scott's primary Group and edit tie Activities and Objects to ft* Up.
  B. Add Scon as a Related Contact to the Adams Household.
  C. Make the Adams Household Scotts pnmary Group and make Scott the pnmary member
  D. Disable the Primary Group setting fof Scon on the Adams Household
  A. Make the Adams Household Scott's primary Group and edit tie Activities and Objects to ft* Up.

• Question 169:

  Lake Tahoe Bank has been using Sales Cloud to support the business to consumer (B2C) activities. The VP of IT wants a better and more flexible data model that can supporthis B2C Banking use cases. He is considering upgrading to Financial Services Cloud, using Person Accounts. Which 2 of these statements are true for the Financial Services Cloud Person Account Data Model?

  A. Person Accounts can be merged with Business Accounts in Financial Services Cloud
  B. To share a Person Account record the admin will need to create sharing rules Account and Contact objects
  C. The Person Account record type can be used when a client is an agent for a broker firm that is doing business with the Financial Institution.
  D. The Person Account is a virtual object displaying data from Accounts and Contacts objects. It represents all aspects of the person and includes D data such date of birth or tax ID number.
  E. The Person Account model uses the standard Account object to hold all of the details about a person The Account object has been extended " with custom fields and a Person Account Record Type
  D. The Person Account is a virtual object displaying data from Accounts and Contacts objects. It represents all aspects of the person and includes D data such date of birth or tax ID number.
  E. The Person Account model uses the standard Account object to hold all of the details about a person The Account object has been extended " with custom fields and a Person Account Record Type

• Question 170:

  A consultant is configuring ademo for a customer but cannot create new residential loan application records. What is prohibiting the consultant from creating a new residential loan application?

  A. The Residential Loan Application flow was not enabled in the setup.
  B. The administrator did not enable "Allow Mortgage Access" in Setup.
  C. The user does not have "Mortgage User" checked in their user record.
  D. The administrator did not assign the Mortgage permission set to the user.
  D. The administrator did not assign the Mortgage permission set to the user.