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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. 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 primary rate with the calculation method as Multiple of Coverage.
B) 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.
C) Configure a secondary rate with the calculation method as Multiple of Coverage.
D) 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.

2. Which three are correct methods by which enrollment results can be created and made available for viewing?

A) when an electable choice is saved as a part of self-service enrollment
B) after the Close Enrollment process hascompleted
C) when Enrollment Authorizations are accepted by the participant as a part of self-service enrollment
D) when a default enrollment is processed
E) after the Evaluate Life Events batch process is completed successfully

3. How do you configure the link between the payroll module and benefits?

A) Link the payroll to the plan coverage.
B) Link the payroll to the plan salary basis.
C) Link the element to the plan rate.
D) Link the element to the plan coverage.

4. Which two statements are correct with respect to required action in the eligibility profile?

A) If some but not all profiles arerequired, then all required profiles must be satisfied and at least one optional profile must also be satisfied.
B) If all profiles are optional, then at least one of the profiles must be satisfied.
C) If only one eligibility profile is added to an object,then the criteria in that profile may or may not be satisfied, even if the Required option is not selected.
D) If all profiles are requited, then at least one of the profiles must be satisfied.

5. 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 date on which default benefits assignments are made.
C) It is the first day of the open enrollment period.
D) It Is the last day of the open enrollment period.

Solutions: