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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employeeplus spouse
The company wants the plan to be rolled out to all the employees. Therefore, the benefits consultant enabled the Assign on Default button for Option 1.They forgot that some employees may not want to enroll into the plan even though they are eligible.
Where did the benefits consultant go wrong with the implementation?

A) They should have enabled a plan restriction fast formula.
B) They should not have enabled the Assign on Default button for the options.
C) They should have created an Option 3: Coverage Declined.
D) They should have configured an eligibility fast formula

2. What rate is used for the flex creditprogram to adjust the total cost of the program?

A) Rollover Rate
B) Standard Rollover Rate
C) Standard Secondary Rate
D) Standard Primary Rate

3. A company wantsto 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) Manage enrollment authorization -> administration usage -> self-service description text
B) Manage enrollment authorization -> self-service usage -> self-service description text
C) Configure plan type grouping display -> self-service usage -> self-service description text
D) Configure plan type grouping display -> administration usage -> self-service description text

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

A) Coverage and Rate Date Ranges:
Coverage Start Date: First of the Month
Previous Coverage End Date: End of the Month
B) Coverage and Pate Date Ranges:
Coverage Start Date: End of the Month
Previous Coverage End Date: End of the Month
C) Coverage and Rate Date Ranges:
Coverage Start Date: End of the Month
Previous Coverage End Date: First of the Next Month
D) Coverage and Rate Date Ranges:
Coverage Start Date: First of the Next Month
Previous Coverage End Date: End of the Month

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: