Salesforce Financial Services Cloud (FSC) Accredited Professional (Financial-Services-Cloud) Free Practice Test

Question 1

An asset management firm that is moving to Salesforce from its old CRM wants to be able to bring over its client data on drivers' licenses and passports. 55m 058 Which Financial Services Cloud object should a consultant recommend?

A. Received Document

B. Document Checklist Item

C. Identity Document

D. Identification Document

Correct Answer: D

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Question 2

To access all Financial Services Cloud (FSC) functionalities available out of the box, a consultant must install the FSC Managed Package and the Unmanaged Extension Packages.
Which two functionalities are included in the FSC Unmanaged Extension Packages?

A. The Commercial Banking dashboard

B. Predefined list views of clients and households

C. Custom objects to track Financial Accounts and Household

D. Field sets that configure how fields display in the client and household profiles

Correct Answer: A,D

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Question 3

A financial services company would like its users to be able to relate two business accounts. Whatshould the administrator configure to meet the requirement?

A. Update the Role picklist on the Account-(?ontact Relationship object with new value.

B. Create a new Contact Reciprocal Role for the required value.

C. Create a new Account Reciprocal Role for the required value.

D. Update the Role picklist on the Account-Account Relationship object with new value.

Correct Answer: D

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Question 4

Which three record type options should an advisor configure for a Lead object configuration?

A. Retirement Planning

B. Adjustments

C. Referral

D. General

E. Opportunity

Correct Answer: A,C,D

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Question 5

Which 3 options does the Financial Services Cloud application offer to view and update Account-Account.
Account-Contact, and Contact-Contact Relationships?

A. Relationship Map

B. Family Members Component

C. Life Events Component

D. Actionable Relationship Center

E. Group Members Component

Correct Answer: A,D,E

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Question 6

Which three things must an admin keep in mind when creating Action Plan Templates'5

A. When you create an Action Plan from a template for a specific target record, the plan creator can choose whether the date calculation is based on calendar or working days.

B. An Action Plan is a run-time instance of the template that allows you to automate the sequence of the tasks you defined in the template.

C. When youcreate an Action Plan from a template for a specific target record, item deadlines are calculated using the start date and date offset " defined in the Action Plan Template

D. The Action Plan Template permission set must be added to all users that wantto use Action Plans.

E. When creating Action Plan Templates with the Ul. you can designate a plan owner different from the plan creator.

Correct Answer: A,B,C

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Question 7

Which three related lists are visible within Actionable Relationship Center associated with the Account object?

A. Financial Holdings

B. Client Financial Goals

C. Cases

D. Notes and Attachments

E. Household Financial Accounts

Correct Answer: A,B,E

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Question 8

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. Use the Case process and create Cases with Case Type 'Referrar'.

B. Use Global Action To create Referrals.

C. Use

D. Write a trigger to create Referrals from a 'Create Referral* button.

Correct Answer: B

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Question 9

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?

A. Spin up a Salesforce sandbox org.

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

C. Request a Salesforce developer org.

D. Request a 30-day Financial Services Cloud trial org

Correct Answer: D

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Question 10

The Compliant Data Sharing (CDS) feature lets administrators and compliance managers configure advanced data-sharing rules so that they can improve compliance with regulations and company policies.
Which three things should be considered when implementing CDS in Financial Services Cloud (FSC)?

A. To disable CDS for an object, any Participant Roles associated with that object must be deleted first.

B. CDS in FSC allows record owners to grant access to their records to other FSC users.

C. To get the benefits of CDS, administrators must set organization-wide sharing settings for supported objects to the Private access model.

D. CDS can only be applied to FSC objects and Account and Opportunity objects.

E. Users above the record owner in the Role Hierarchy and non-record owners with Edit access granted through CDS have the same ability/access as record owners,

Correct Answer: B,C,D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

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Salesforce Financial Services Cloud (FSC) Accredited Professional (Financial-Services-Cloud) Free Practice Test