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Pass 1Z0-561 Exam With Great Ease By Trying Passleader 1Z0-561 Sample Questions

Vendor: Oracle
Exam Code: 1Z0-561
Exam Name: Oracle FLEXCUBE Universal Banking 11 Basic Implementation Essentials

QUESTION 1
Which three statements are correct regarding a Funds Transfer Product?

A.    Back Value-Dated transactions are allowed.
B.    The charges are shared between the remitter and the beneficiary.
C.    Future Value-Dated Transactions are not allowed.
D.    Cross-currency transactions are allowed.

Answer: ACD

QUESTION 2
Which two types of Customer-to-liability linkage are supported in the system?

A.    Multiple Liabilities linked to single customer
B.    Single Liability linked to multiple customers
C.    Single Liability linked to only one customer
D.    Single Liability linked to single customer group code

Answer: AB

QUESTION 3
Oracle FLEXCUBE offers an Inbuilt and automatic linkage between various modules. Identify the correct linkage applicable to the Fixed Assets (FA) module.

A.    FA and Teller
B.    FA and XP
C.    FA and Asset Management
D.    FA and Allocation

Answer: C

QUESTION 4
In the Chart of Account Summary screen, a user needs to search a chart of account. However, the only search criterion available to the user is a part of the General Ledger description, which is “courier.” The user, therefore, has to use a “wildcard” to search for the required Chart of Account. Which is the wildcard that is supported by the system?

A.    % (percentage)
B.    # (hash)
C.    * (asterisk)
D.    $ (dollar)

Answer: B

QUESTION 5
Which statement is true when the schedule type for a corporate deposit is capitalized?

A.    All the interest components are capitalized.
B.    All the interest and charge components are capitalized.
C.    Only the main interest and main charge are capitalized.
D.    Only the main interest is capitalized.

Answer: D

QUESTION 6
Which three relationship categories can be maintained through relationship maintenance?

A.    Customer-to-Account
B.    Customer-to-Customer
C.    Customer-to-Group
D.    Customer-to-Contract

Answer: ACD

QUESTION 7
A bank has purchased 25 computers. The bank needs to book these as assets and also specify the depreciation type for them. Which two depreciation types can the bank choose from?

A.    Written Down Value
B.    Straight Line Method
C.    Accelerated Cost Recovery
D.    Group Depreciation Method

Answer: BD


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QUESTION 8
Which GL type should be created for Intraday Posting GL?

A.    Contingent Asset/Contingent Liability
B.    Asset/Liability
C.    Income/Expense
D.    Any Suspense GL

Answer: B

QUESTION 9
How many user-defined fields can be embedded in a CIF screen?

A.    2
B.    4
C.    5
D.    Any number

Answer: D

QUESTION 10
What are the functionalities of the Sign Off and Exit buttons?

A.    Sign Offhelps the user change the branch whereas Exitlogs the user out of the system.
B.    Exit helps theuser change the branch whereasSign Offlogs the user out of the system.
C.    SignOffhelps the user log off a Module whereas Exit logs the user out of thesystem.
D.    SignOffbrings the user to the “sign on” screen whereas Exit logs the user out of the system.

Answer: C

QUESTION 11
For a Debit Interest Product “DRIN” with monthly liquidation, the “Back-valued recalc” check box is selected. A rate “RATE01”, used in the interest calculation, is maintained as follows:
Eff Date Rate%
l-Jan-08 4
l-Feb-08 4.1
If today’s date is 18-Feb-08 and the rate against l-Jan-08 is modified to 4.05, then what does the system do?

A.    The system applies 4.1 for the current liquidation cycle but does not recalculate for the previous liquidation cycle.
B.    The system applies 4.1 for the current liquidation cycle, recalculates the previous liquidation cycle at 4.05, and makes correction entries.
C.    The system applies 4.05 for the current liquidation cycle but does not recalculate for the previous liquidation cycle.
D.    The system applies 4.05 for the current liquidation cycle, recalculates the previous liquidation cycle at 4.05, and makes correction entries.

Answer: A

QUESTION 12
Which three preferences are available at the Account class level?

A.    Limit Check
B.    Passbook Facility
C.    Frozen
D.    ATM Facility

Answer: ABD

QUESTION 13
A bank follows 01-Jan to 31-Dec as Accounting Cycle and follows Period Codes Jan, Feb,…till Dec. Which statement is true about Period Codes maintenance in Oracle FLEXCUBE?

A.    13 Period Codes only – Jan, Feb,…till Dec and FIN
B.    4 Period Codes only – Q01, Q02, Q03, and Q04
C.    5 Period Codes only – Q01, Q02, Q03, Q04, and FIN
D.    12 Period Codes only – Jan, Feb, …till Dec

Answer: B

QUESTION 14
Which three conditions must be satisfied to effect netting contracts?

A.    Contracts are linked to the same counterparty.
B.    Contracts have the same value date.
C.    Contracts have the same currency pair/currency.
D.    Contracts have the same settlement amount in local currency
E.    Contracts have the same booking date.

Answer: CDE

QUESTION 15
Which statement is true about Revaluation?

A.    Revaluation is done online as and when Currency Exchange Rates are defined in Oracle FLEXCUBE.
B.    Revaluation Batch is run during EOD Batch as First batch process in the Post-EOTI stage.
C.    Revaluation Batch is run during EOD Batch as Last batch process in the Post-EOTI stage.
D.    Revaluation Batch is run during the Date Change Batch process.

Answer: C


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