Salesforce Financial Services Cloud Exam Practice Test Instant Access

Question 1

[FSC Features and Functionality]

A consultant is working with a new customer and has gained a firm understanding of their business processes and systems in preparation for implementing Salesforce Financial Services Cloud.

What should the consultant create as a deliverable for the current state business process?

AWord document telling the story of the process from the user's perspective

BAn Excel spreadsheet with steps of the process as rows, and systems and personas in columns

CAn end-to-end visualjmap of the process using personas, systems, inputs, and outcomes

DA Powerpoint deck wftJscreenshots of the current systems and callouts towhat is happening on each slide

Answer : C

Question 2

[FSC Features and Functionality]

When importing records from a system outside of Salesforce, which ID should be used to prevent the data import fromcreating duplicates?

AUser ID

BData Load ID

CExternal ID

DOrg ID

Answer : C

Question 3

[FSC Data Model and Configuration]

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

APerson Accounts can be enabled and disabled only by contacting Salesforce Support

BPerson Accounts cannot be disabled once they were enabled

CCreating a client record via Salesforce Inbox is not supported.

DAppExchange packages will not work if Person Accounts are enabled

Answer : B, C

Question 4

[FSC Features and Functionality]

A financial services company needs to alert advisors about changes in client records that require action. What should the administrator consider when configuring Record Alerts?

AWhen the administrator adds a new Record Alert Category, the severity value in the alert category is the default value on the record alerts advisors create and cannot be changed.

BWhen the admin creates a value for the Severity field, the warning icon is associated with the field automatically, and advisors cannot change the icon.

CWith permissions for Record Alerts, users can create record alerts on all custom objects and standard objects such as Financial Account.

DRecord alert categories are not required when creating a record alert, but they help keep alerts organized.

Answer : C

Question 5

[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 6

[Financial Accounts, Rollups, and Referrals]

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

ALife Events

BFinancial Accounts

CAssets and Liabilities

DContacts

EClaims

Answer : B, C, D

Question 7

[FSC Features and Functionality]

Rachel is the primary member of the Adams household hired a new attorney. What type of relationship should the Wealth Advisor create in Financial Services Cloud for Rachel and her attorney before assigning the reciprocal role of "Attorney"?

ACreate an Account-Contact relationship between the Adams Household and the attorney.

BCreate an Account-Account relationship between the Adams Household and the attorney

CCreate a Contact-Contact Relationships between the primary member of the Adams Household and the attorney.

DCreate an Account-Account Relationship between the Addams Family Trust and the attorney.

Answer : C

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