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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. Your customer wants its employees to submit signed hard copies of confirmation while managing benefits online from Benefits Self-Set vice.
How do you accomplish this requirement?

A) Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
B) Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
C) Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
D) Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
E) Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.

2. Which object is NOT included in benefit export?

A) Element input values
B) Plan notin program configuration
C) Eligibility profile
D) Program configuration

3. You are a benefits consultant implementing for a company that offers a life Insurance plan for employees with only one option -Employee Plus Family. The rate for this option is dependent on various factor5 like age/smoking status/gender:

A female employee in the under 40 age group, who is a smoker, wants to purchase $100,000 of life insurance.
The plan would be 2.1 (100,000 * 0.21/1000), considering 5100,000 is the coverage she opts for. The calculation is -> {Coverage* [{Rate applied as per gender/smoking status/ aqe)/1000l).
How can you configure a rate for the company's plan?

A) Configure a secondary rate with the calculation method as Multiple of Coverage.
B) Configure a primary rate with the calculation method as Multiple of Coverage.
C) Configure an eligibility profile with age-derived factors. Attach it to the plan. Then create a standard fate with the calculation method as Multiple of Coverage.
D) Configure a fast formula calling this table. Configure a secondary standard rate with the calculation method as Formula. Then create another standard rate with type and the calculation method aS Multiple of Parent.

4. A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?

A) Life eventsaffect benefits processing for a participant.
B) The amount of deduction from employee pay check for enrollment is varied based on a life event.
C) Each occurrence of the life event causes participation evaluation processing to reconsider the plan's availability for a program.
D) Each occurrence of the life event causes participation evaluation processing to reconsider the person's eligibility for the object.

5. XX Lifeinsurance plan has two options: Option 1 enrolls a dependent of age 21 or above and Option 2 enrolls a dependent aged 18 or less.
How do you define a benefit configuration for these two options?

A) Create one derived factor. Create an eligibility profileand configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan.
B) Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2.
C) Create two derived factors, one with age as 21 or above and a second with age 18 or less. Create an eligibility profile and configure these two derived factors under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan
D) Create two eligibility profiles. One with age as 21 or above and a second with age 18 or less. Then attach these eligibility profiles to XX Life Insurance Plan.

Solutions: