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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. Which statement about Waive options is true?

A) Waive options are options which do not require any dependent/beneficiary designation.
B) Waive options are used when employeesdo not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
C) Waive options are options into which employees ate compulsorily enrolled in case they do not complete the requited action items like certification, entering date of birth, etc.
D) Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.

2. Which two are correct processes regarding performing the Benefits Extractsetup?

A) Configure the carrier names for plan types, plans, andoption using the Manage Plan Carriers task.
B) Extract benefits enrollment information into a single XML file for each plan carrier.
C) Extract benefits enrollment information into separate XML files for each plan and plan carrier.
D) Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
E) Configure plan carrier details and extract options using the Manage Plan Carriers task.

3. To which two benefits objects can Year Period be attached to?

A) Plan
B) Program
C) Plan Type
D) Option

4. An organization wants a dedicated Train Stop for Dependent/Beneficiary Designation. How can you meet this requirement?

A) Dependent/Beneficiary designation can only be doneon the plan enrollment page (where an employee chooses options). So, this cannot be achieved.
B) This can be achieved via customization only.
C) This can be achieved via configuration.
D) This cannot be achieved.

5. 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 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.
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 secondary rate with the calculation method as Multiple of Coverage.

Solutions: