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I figured it would be a good idea to post those recommendations right
away since I just took the 701 DBA test and there are still some bytes
on my neocortex

First of all those are my recommendations based on what I did to pass
the 701 test, and what kind of questions appeared on my test, so decide
on your own what you are going to do

Here is what I did

1 - Downloaded the tutorials from www.ibm.com/certify.
There are tutorials for each chapter covered on the test. They are
very good to give you some direction on where you should focus your
study, like LOAD/IMPORT/EXPORT commands (there were 3 questions on my
test related to those).
I did not focus too much on the GUIs, like where to click, names
of tabs, options, just what each of them does, where do they output the
files, and that's how the questions came up for me.

2 - Infocenter
Make sure to read all the options and mainly the usage notes of
each command you will find on the tutorials, for example one quesiton
was about specific options on some commands, and which commands can run
statistics by themselves or when you are loading data.
Read also about the catalog tables/views and their columns, there
was a question asking which columns on syscat.tables you are supposed
to check in order to find if it's a good idea to reorg a table

3 - Take the sample test
First of all it only costs $10 dollars, so besides being very
cheap it has a lot of questions you are going to find exactly on the
real test, or at least with the same commands.
That will not only give you a good idea about how you are
prepared, but also what to expect on the real test.
And again, the exam costs 150 bucks, so go spend the extra 10

4 - And of course practice the commands yourself, I find it's easier to
remember things if you do it, and test it.

That's about it

If someone wants to contribute to this post PLEASE add information in
regards to the test only, I was searching for posts like this and I
could not find any.