Oracle 1Z0-1053-24 Exam Real Questions

Prepare and pass your Oracle Benefits Cloud 2024 Implementation Professional with free 1Z0-1053-24 exam questions.

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Total 62 Questions | Updated On: Oct 08, 2024

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Question 1

The benefits administrator runs an open enrollment window on March 1, 2017 for Program: XX Life Insurance, but cannot find the life event date of March 15, 2017. What could be a reason for this?

A : life event date configured for XX Life Program is not 15 March 2017

B : ere is no configuration for open enrollment for the XX Life Program.

C : cycle has already run for open enrollment, so no life event date is available.

D : benefits administrator has a login from the previous date to that of 15 March 20l7.

Answer: D

Question 2

A company wants to display the following text on its Benefit Employee Self Service:

“Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase

additional days through the.”

How do you configure this?

A : nfigure plan type grouping display -> administration usage -> self-service description text

B : nfigure plan type grouping display -> self-service usage -> self-service description text

C : nage enrollment authorization -> administration usage -> self-service description text

D : nage enrollment authorization -> self-service usage -> self-service description text

Answer: C

Question 3

How do you set up a Termination life event to end coverage at the end of the month?

A : verage and Rate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: First of the Next Month

B : Coverage and Rate Date Ranges:Coverage Start Date: First of the MonthPrevious Coverage End Date: End of the Month

C : Coverage and Rate Date Ranges:Coverage Start Date: First of the Next MonthPrevious Coverage End Date: End of the Month

D : Coverage and Pate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: End of the Month

Answer: C

Question 4

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 : nfigure 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.

B : nfigure a secondary rate with the calculation method as Multiple of Coverage.

C : nfigure 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.

D : nfigure a primary rate with the calculation method as Multiple of Coverage.

Answer: D

Question 5

An organization has a requirement to restrict Beneficiary Distributions to a percentage with a maximum of 100%. However, the distribution should be in multiples of 10. Which statement about this requirement is true?

A : is requirement can be achieved through customization only.

B : is requirement can be completely achieved with configuration only.

C : is requirement cannot be achieved with configurations, and would require custom Fast Formula.

D : is requirement cannot be achieved in the current system offerings.

Answer: D

Page: 1 / 13

Total 62 Questions | Updated On: Oct 08, 2024

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