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Oracle 1Z0-1053-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Security and Administration | - Role-based access and security model
|
| Reporting and Maintenance | - Benefits reporting and analytics
|
| Plan and Program Configuration | - Benefit programs and plan design
|
| Benefits Cloud Overview | - Architecture and key concepts of Oracle Benefits Cloud
|
| Enrollment and Life Events | - Life event processing
|
| Eligibility and Profiles | - Eligibility Profiles setup and usage
|
| Fast Formulas and Calculations | - Benefits Fast Formulas usage
|
| Payroll and Financial Integration | - Integration with payroll systems
|
Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:
A benefits administrator can see these statuses of life events-
1. New Hire processed on 28-Apr-2016.
2. Marriage detected on 1-Jun-2016.
What do these statuses imply?
- A. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
- B. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
- C. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.
- D. New Hire LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
Correct Answer: C 🗳️
An employee logs into the self-service page. The employee enters into one plan and makes an election in the plan available. While making electrons, the employee notices that the option's rate amount isn't displayed in the total summary section on the right side of the page.
Which is a reason for this problem?
- A. The rate activity type for payroll information is configured as employee contribution.
- B. The rate is inactive.
- C. The rate is configured as secondary rate and not primary rate.
- D. The rate activity type for payroll information is configured as cost.
Correct Answer: B 🗳️
XX Global Health Plan has multiple options attached.
* Option i: XX Annual Health Insurance
* Option 2: Monthly Health Insurance
The plan cycle starts every year from April 1 to March 31. An employee opted for this plan on July 1, 2015 and his employment service was terminated on Oct 25, 2015- Business wants to trigger a Termination life event on the 12th of the termination month for the employee, irrespective of the actual termination date, for payroll reasons.
Which is the correct configuration for the Life event - Termination?
- A. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Mid of the month" as the enrollment period start date.
- B. Configure Termination as a Lifeevent under the Enrollment tab of XX Global Health Plan with
"Formula" as the enrollment period start date, attaching a customized Enrollment period start date type formula. - C. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
"Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula. - D. Configure Termination as a Life event underthe Enrollment tab of XX Global Health Plan, with "As of event date" as the enrollment period start date.
- E. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
"Number of Days from the event" as the enrollment period start date and the number field as 15.
Correct Answer: B 🗳️
When you add an open scheduled event to a program of plans not in the program, what is the significance or the Assigned Life Event Date?
- A. It is the effective date of the open event and the date on which eligibilityis evaluated.
- B. It Is the last day of the open enrollment period.
- C. It is the first day of the open enrollment period.
- D. It is the date on which default benefits assignments are made.
Correct Answer: B 🗳️
The reinstatement rule enables you to restore elections during which two events?
- A. The open event was backed out by the administrator from the Benefits Service Center.
- B. The open event was accidentally backed out.
- C. An intervening life event backed out the open event.
- D. The intervening life event activated the open event.
Correct Answer: B,C 🗳️
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