Question 1

During the delivery stage of a Financial Services Cloud (FSC) implementation, a consultant needs to think about how to utilize FSC-related objects. Which three things should the consultant consider when adopting such objects?

Options :

A : In a household, each household member is modeled as a Contact, and the household is modeled as an Account.

B : In a household, each of the household members is modeled as a Person Account and the household is modeled as an Account.

C : Role Hierarchy-based sharing can be disabled for the Financial Deal object but can't be disabled for the Opportunity object.

D : Both the Financial Deal object and the Opportunity object support Compliant Data Sharing.

E : Interaction Summary is an enhancement of the standard Activity object. FSC implementations should use Interaction Summary as a replacement for the Activity object.

Answer: A,C,D

Question 2

A commercial loan due diligence process is handled by multiple individuals at Lake Tahoe Bank. Lake Tahoe Bank wants an easy way for managers to distribute the work, to understand the % completion of the due diligence process per client and report on the performance of the department to show possible bottlenecks. What FSC feature can Lake Tahoe Bank use to track this process?

Options :

A : Workflow Rules/Process Builder

B : Action Plans

C : Apex Tnggers on the task object

D : Flows

Answer: B

Question 3

What capability included in the Financial Services Cloud license can assist bankers in focusing on the most promising referrals?

Options :

A : Referral Approval Processes

B : Intelligent Need-Based Referrals and Scoring

C : Einstein Referral Scoring for Financial Services Cloud

D : Referral Routing Rules

Answer: B

Question 4

A System Administrator has received a note from one of the portfolio managers that the Actionable Relationship Center (ARC) is not visible when the portfolio manager was trying to set up relationships between two accounts. The portfolio manager has also mentioned that other colleagues in the same role have access to it and are able to use it to manage their customer's relationships. What is a possible cause for this?

Options :

A : The portfolio manager has not been given the permissions that enable users to view and manage ARC

B : The portfolio manager does not have access to the Lightning page that has the ARC component added

C : The portfolio manager does not have access to the account records that he is trying to create for.

D : The ARC Component has not been added to the page layout

Answer: A

Question 5

Universal Containers uses a custom field on the account object to capture the account credit status. The salesteam wants to display the account credit status on opportunities.Which feature should a system administrator use to meet the requirements?

Options :

A : Look-up Field

B : Roll-up summary field

C : Workflow field update

D : Cross-object formula field

Answer: D