Financial-Services-Cloud Exam Questions With Explanations

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Salesforce Financial-Services-Cloud Exam Sample Questions 2025

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21714 already prepared
Salesforce Spring 25 Release
171 Questions
4.9/5.0

What should a Financial Advisor use to model the relationship between a business contact and a clientthat is modeled as a person account?

A. Account-Account Relationship

B. Contact-Contact Relationship and the Reciprocal Rote

C. Reciprocal Role

D. Account-Contact Relationship and the Reciprocal Role

B.   Contact-Contact Relationship and the Reciprocal Rote

Explanation:
A Contact-Contact Relationship is a construct in Financial Services Cloud that allows you to model the relationship between two contacts, such as a business contact and a client that is modeled as a person account. The Reciprocal Role is a field on the Contact-Contact Relationship object that defines how each contact relates to the other.

One administrator user at a financial services company needs to help management build reports and gaininsights into business performance by including branch management reportable objects.
Which two considerations should the administrator include when configuring the report?

A. Branch Unit Related Record report types have related object names including Lead, Account, and Contact but exclude Financial Account.

B. Bankers with Branches with Opportunities, Accounts. Leads, and Contacts report types are available for creating reports with Branch Unit Related Records.

C. The reportable objects include Banker. Branch Unit, Branch Unit Related Records, and Branch Unit Customer.

D. When Branch Unit is the primary object, the administrator can select Branch Unit Customers or Branch Unit Related Records as related objects.

B.   Bankers with Branches with Opportunities, Accounts. Leads, and Contacts report types are available for creating reports with Branch Unit Related Records.
C.   The reportable objects include Banker. Branch Unit, Branch Unit Related Records, and Branch Unit Customer.

Explanation:
The following considerations should be included when configuring the report with branch management reportable objects:
Bankers with Branches with Opportunities, Accounts, Leads, and Contacts report types are available for creating reports with Branch Unit Related Records. These arestandard report types that allow users to create reports that show data from Banker, Branch Unit, Opportunity, Account, Lead, Contact, and Branch Unit Related Record objects.
The reportable objects include Banker, Branch Unit, Branch Unit Related Records,and Branch Unit Customer. These are custom objects that are part of the branch management feature in Financial Services Cloud. Banker is an object that represents a banker or an employee who works at a branch unit. Branch Unit is an object that representsa physical location where bankers provide services to customers. Branch Unit Related Record is an object that represents a record that is related to a branch unit, such as an opportunity, an account, alead, or a contact. Branch Unit Customer is an objectthat represents a customer who has a relationship with a branch unit.
When Branch Unit is the primary object, the administrator can select Branch Unit Customers or Branch Unit Related Records as related objects. This means that the administrator can createreports that show data from Branch Unit and its related objects by using lookup fields or junction objects

How are identification documents, other assets, liabilities, goals, and revenue modeled, in an existing Financial Services Cloud org using the individual account model?

A. An administrator is logged in to Data Loader with their own credentials to insert new Business Account records into their Salesforce environment. They forget to specify the Account Owner field in the import file.

B. Assuming there are no other issues, what should happen when the administrator uploads the import file? The Attachment object is used to represent other assets, liabilities, and goals. In the individual model, these attachments are related to the Account object.

C. Custom obiects are used to represent other assets, liabilities, and goals. In the individual model, these objects are related to the Account oJ Nj.

D. Document, Note, and Attachment objects are used to represent other assets, liabilities, and goals. In the individual model, these objects are related to the person account.

B.   Assuming there are no other issues, what should happen when the administrator uploads the import file? The Attachment object is used to represent other assets, liabilities, and goals. In the individual model, these attachments are related to the Account object.

Explanation:

In an existing Financial Services Cloud org using the individual account model, custom objects are used to represent other assets, liabilities, and goals. These objects are related to the Account object via lookup relationships. For example:

The Other Asset object is used to represent non-financial assets owned by an account holder, such as real estate properties, vehicles, or jewelry.

The Other Liability object is used to represent non-financial liabilities owed by an account holder, such as mortgages, loans, or taxes.

The Financial Goal object is used to represent financial objectives pursued by an account holder, such as retirement planning, education funding, or debt reduction. Verified References: : Salesforce Help Article [10] : Salesforce Help Article [11] : Salesforce Help Article [12]

Permission set licenses incrementally entitle users to access features that are not included in their user licenses. Which three Permission Set Licenses give users access to Financial Services Cloud features?

A. Financial Services Cloud Standard

B. Action Plans

C. Lightning Scheduler Resource

D. FSC Insurance

E. Mortgage

A.   Financial Services Cloud Standard
B.   Action Plans
D.   FSC Insurance

Which two statements are true about Group Membership in Financial Services Cloud?

A. Group Membership defines the role of the member within the Group.

B. With Group Membership settings you can define if a Group is the member's primary Group.

C. With Group Membership settings you can define who is the primary and who is the secondary member within the Group.

D. Group Membership is modeled using the Account-Group Relationship object.

A.   Group Membership defines the role of the member within the Group.
B.   With Group Membership settings you can define if a Group is the member's primary Group.

Explanation:

Group Membership is a construct in Financial Services Cloud that allows you to define the relationship between a group and its members. You can use Group Membership to specify the following information:

The role of the member within the group, such as Owner, Beneficiary, Trustee, etc. Whether the group is the primary group for the member, which affects how financial data is rolled up and displayed. Verified References: : Salesforce Financial Services Cloud User Guide, page 38.

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