Salesforce Financial Services Cloud Exam Practice Test Instant Access

Question 1

[FSC Data Model and Configuration]

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

AGroup Membership defines the role of the member within the Group.

BWith Group Membership settings you can define if a Group is the member's primaryGroup.

CWith Group Membership settings you can define who is the primary and who is the secondary member within the Group.

DGroup Membership is modeled using the Account-Group Relationship object.

Answer : A, B

Question 2

[FSC Features and Functionality]

Which three processes are part of Claims Management?

AAuto Adjudication

BReserve Management

CQuoting

DUnderwriting

EPayment

Answer : A, B, E

Question 3

[FSC Features and Functionality]

The investor relations director of a large insurance company just published a press release after the company's Quarterly Earnings Callto report about its digital transformation implementing Salesforce Financial Services Cloud (FSC).

Which three value outcomes should the company's stakeholders expect?

AAchieved higher CSAT & NPS scores attributed to personalized customer experiences driven by shorter waits due to decreased average case handle times and improved self-service solutions via Einstein Bots for FSC

BStreamlined the entire deal lifecycle with FSC. leveraging relationship maps and interaction history in business development/discovery D to accelerate pipe management and research

CImproved customer onboarding experiences by fast-tracking and simplifying document tracking and approvals via FSC Action Plans

DDrove Advisor productivity with a daily task list, client life events, opportunities, and aggregated household information directly from D the FSC HomeT\e

EAutomated claims orchestration via straight through processing workflow rules from OmniStudio with minimal human intervention from insurance adjusters or underwriters, allowing claims to be completed faster and at scale

Answer : A, C, D

Question 4

[FSC Features and Functionality]

The Salesforce Admin at Lake Tahoe Bank considering implementing Financial Services Cloud. What is thebest way for the Admin to access a Financial Services pre-configured org, including data and the right licenses, to learn about the product?

ARequest a 30-day Financial Services Cloud trial org

BRequest a Salesforce developer org.

CPurchase one license of Financial Services Cloud and install it in a production org.

DSpin up a Salesforce sandbox org.

Answer : A

Question 5

[FSC Features and Functionality]

What are two language-related limitations of Financial Services Cloud?

APredefined reciprocal roles are available only in English.

BCustom component labels are supported only in English.

CReferral record type labels are supported only in English.

DFlows are available only in English.

Answer : A, C

Question 6

[FSC Features and Functionality]

Cumulus Cloud Bank is asking the consultant to explain some tools available to integrate Salesforce into several of its back-end/core systems.

Which three capabilities should a consultant recommend?

AIndustry Integration Solutions with the MuleSoft Anypoint Platform

BData Processing Engine

COmniStudio Integration Procedures

DData Consumption Framework

EOmniStudio DataRaptors

Answer : A, C, E

Question 7

[Financial Accounts, Rollups, and Referrals]

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

AAn 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.

BAssuming 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.

CCustom obiects are used to represent other assets, liabilities, and goals. In the individual model, these objects are related to the Account oJ Nj.

DDocument, 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.

Answer : B

Salesforce Financial Services Cloud Salesforce Financial Services Cloud (FSC) Accredited Professional (AP) Exam Practice Test