Salesforce Financial Services Cloud Accredited Professional (AP-208) Exam Practice Test Instant Access

Question 1

[Security, Permissions, and Integration]

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

AOmniStudio Admin permission set

BFSC Standard permission set

CFSC Foundations permission set

DFSC Basic permission set

EOmniStudio User permission set

Answer : B, C, E

Question 2

[Security, Permissions, and Integration]

A financial institution has custom security and visibility rules where certain users need to see specific records even though they are not typically engaged in that Account. This includes legal and compliance members who must be engaged for particular deals.

Which Financial Services Cloud capability provides the ability to accommodate this request?

ACompliant Data Sharing

BCustom SharingRules

CBusiness Rules Engine

DInteraction Summaries

Answer : A

Question 3

[FSC Features and Functionality]

Agents for an insurance company need to know the current and past weather conditions when creating customer claims. The consultant implements a Flex Card for weather conditions in the console to ensure the agents can access the information. The Flex Card needs to provide fields extracted from a weather API and an account field from Salesforce.

Which method should the consultant use, according to best practices?

AAPEX classes

BStreaming API

CData Raptor Extract

DIntegration Procedure

Answer : D

Question 4

[FSC Features and Functionality]

Which step is required to give a group of users access to a Financial Deal?

AChange organization-wide defaults (OWD) sharing on the Financial Deal object to Public Read/Write.

BCreate a Financial Deal permission set and assign it to the users that should have access to Financial Deals.

CShare a financial deal record with a group by adding them as participants to the record from the Financial Deal Participants related list,

DUpdate Industries Settings to give users access to the Financial Dew object.

Answer : C

Question 5

[FSC Features and Functionality]

Planter Farm Credit Union provides loan and insurance products to farmers who operate individually as well as in collaboration with other neighboring farms & farmers. The collaboration can be seasonal or for a limited timeframe. What construct in Financial Services Cloud is most appropriate to represent such collaborative customer business operations?

AContact-Contact Relationship

BCustom Relationship Group

CAccount with Record Type = Business

DStandard Household

Answer : B

Question 6

[Action Plans and Workflows]

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?

AAction Plans create repeatable tasks and automate the task sequences when executed

BWhen 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.

CAction Plans can automatically schedule the next appointment with the Advisor.

DAction Plans enhance collaboration and productivity by automatically assigning task owners and deadlines for specific client processes.

EAction Plans can speed up the collection of a list of documents needed for the loan application

Answer : A, B, D

Question 7

[FSC Features and Functionality]

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?

AThe Residential Loan Application flow was not enabled in the setup.

BThe administrator did not enable 'Allow Mortgage Access' in Setup.

CThe user does not have 'Mortgage User' checked in their user record.

DThe administrator did not assign the Mortgage permission set to the user.

Answer : D