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

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

A) Configure plan carrier details and extract options using the Manage Program Enrollment Requirements 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 the carrier names for plan types, plans, andoption using the Manage Plan Carriers task.
E) Configure plan carrier details and extract options using the Manage Plan Carriers task.

3. Given that premiums are calculated on a monthly basis in accordance with the most common business of benefit suppliers.
What can you define so that participants who are covered by a plan for less than a full have no premium obligation?

A) Standard input Value
B) Standard Rate Value
C) Standard wash Rule formula
D) Standard Coverage Volume

4. 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 activity type for payroll information is configured as cost.
D) The rate is configured as secondary rate and not primary rate.

5. What are the different types of open enrollment options available under Scheduled tab in program?

A) Open All and Unrestricted All
B) Open Scheduled and Unrestricted Scheduled
C) Open Enrollment and Open Unrestricted Enrollment
D) Open New Hire Enrollment and Unrestricted New Hire Enrollment

Solutions: