Name: Oracle Benefits Cloud 2022 Implementation Professional
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Free Oracle 1Z0-1053-22 Exam Actual Questions

The questions for 1Z0-1053-22 were last updated On Feb 19, 2025

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Question No. 1

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?

AThis requirement can be achieved through customization only.

BThis requirement can be completely achieved with configuration only.

CThis requirement cannot be achieved with configurations, and would require custom Fast Formula.

DThis requirement cannot be achieved in the current system offerings.

Show Answer

Correct Answer: D

Question No. 2

A company has XX fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in 3 production instance. The company wants to run enrollment for executives and send the data for internal discussion.

How can the benefits administrator perform this task?

ACreate a default life event for this task XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to the program. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.

BCreate a default life event for this task XX Admin Life event. Create a separate-eligibility profile. Then enroll the first of executives into a sample data and send the summary reports to the company.

CCreate a default life event for this task XX Admin Life event. Attach it to the Plan. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.

DCreate a default life event for this I ask XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to all the plans. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.

Show Answer

Correct Answer: C

Question No. 3

The reinstatement rule enables you to restore elections during which two events?

AThe open event was backed out by the administrator from the Benefits Service Center.

BThe intervening life event activated the open event.

CAn intervening life event backed out the open event.

DThe open event was accidentally backed out.

Show Answer

Correct Answer: C, D

https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm

Question No. 4

Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?

AAll plans in a plan type are displayed on the same train stop as groupings are done at the plan type level.

BAll plans in a plan type can be displayed on different train stops as groupings are done at the plan level.

CAll plans can be configured at the plan level.

DAll plans in 3 plan type can be displayed on different train stops as groupings are done at the program level.

Show Answer

Correct Answer: B

Question No. 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?

AConfigure 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.

BConfigure a secondary rate with the calculation method as Multiple of Coverage.

CConfigure 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.

DConfigure a primary rate with the calculation method as Multiple of Coverage.

Show Answer

Correct Answer: D