VCEdump

1Z0-561 Oracle FLEXCUBE Universal Banking 11 Basic Implementation Essentials

PDF question preview Back to product

Reading controls

Reader tools

Free demo

12 of 76 questions

Purchase the full version to unlock every question and answer.

View the full question set

Preview tools

Try Web TestEngine

Question formats

Single choice12

Oracle · 1Z0-561

Free 1Z0-561 Exam Dumps Preview

Preview real exam questions, verified answers and available explanations before choosing a study plan.

Question 1

Single choice

Which statement defines the term Time Level during EOD operation?

A
Time Level which system generated accounting entries will be passed during EOD.
B
Time Level of the Head Office for EOD Reporting Purpose.
C
Time Level in Branch Parameter to prevent any business users from logging in to Oracle FLEXCUBE
during EOD operation.
D
Starting EOD operation after Time Level crosses the Server Clock time.

Reveal answer details Close answer details

Correct answerA

Question 2

Single choice

Which can be restricted for a facility?

A. Customers
B. Branches
C. Products
D. Currencies

A
All
B
A, B and D
C
A, C and D
D
B, C and D

Reveal answer details Close answer details

Correct answerB

Question 3

Single choice

Asset details captured using the Fixed Asset Capture screen. Keeping track of the status of the assets is also possible.
In which screen is information about a Delivered Asset but not Inspected will be available?

A
FA Product
B
FA Query Views
C
FA Category
D
FA Group

Reveal answer details Close answer details

Correct answerB

Question 4

Single choice

A customer has two savings accounts ACC1 and ACC2.
This customer has requested that interest should be computed in the respective accounts ACC1 and ACC2 but interest liquidation should happen only in the single account ACC2.

How will this be implemented in Oracle FLEXCUBE?

A
The interest needs to be manually transferred by Branch User from ACC1 to ACC2 using Journal Entry
after the interest liquidation is done. Automatic interest liquidation movement from ACC1 to ACC2 belonging to the same customer will not be possible.
B
Branch User can amend customer account ACC1, visit I(Interest Button) and should choose Cale
Account as ACC2 and Book Account as ACC2.
C
Branch User can amend customer account ACC1, visit I(Interest Button) and should choose Cale
Account as ACC1 and Book Account as ACC2.
D
Branch User can amend customer account ACC1, visit I(Interest Button) and should choose Cale
Account as ACC2 and Book Account as ACC1.

Reveal answer details Close answer details

Correct answerD

Question 5

Single choice

A bank has entered into a USD Spot Deal with a customer on Monday, January 15 and there are no holidays during the week.
On which date will the transaction be settled in the system?

A
as per Spot days maintained in bank parameters screen
B
as per Spot days maintained in branch parameters screen
C
as per Spot days maintained in the Currency Pair Definition screen for USD
D
as per Spot days maintained in the Currency Definition screen for USD

Reveal answer details Close answer details

Correct answerD

Question 6

Single choice

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.

Reveal answer details Close answer details

Correct answerD

Question 7

Single choice

What is the formula for determining the Exchange Rate that is to be applied to a cross-currency transaction?

A
Exchange Rate = Mid Rate
B
Exchange Rate = Base Rate +/- customer spread
C
Exchange Rate = Buy Rate +/- customer spread
D
Exchange Rate = Base Rate + spread code

Reveal answer details Close answer details

Correct answerC

Question 8

Single choice

Which statements are true about Floating Interest Rate?

A. Floating Interest Rate has Effective Data associated with it.
B. Floating Interest Rate can be defined for a branch.
C. Floating Interest Rate has Currency associated with it.
D. Customer Group-specific Floating Interest Rate can be defined.

A
A, B and C
B
B, C and D
C
A, C and D
D
A, B, C and D

Reveal answer details Close answer details

Correct answerA

Question 9

Single choice

A single vendor provides multiple services to the bank but different expense heads need to be changed.

How is this achieved?

A
Separate contracts have to be created whenever different expense heads are charged.
B
This can be achieved by using the Contract Level Expense GLs feature.
C
This has to be managed manually.
D
A vendor is maintained in the system and different GLs are mapped to this vendor.

Reveal answer details Close answer details

Correct answerB

Question 10

Single choice

Where is the Routing mask (for clearing transactions) defined?

A
Bank Parameters
B
Clearing Products
C
Branch Parameters
D
ARC maintenance

Reveal answer details Close answer details

Correct answerC

Question 11

Single choice

When a product is created under CL, which components get populated by default?

A
Main_Int, Principal
B
Principal, Interest_Rate
C
Main_Int, Penal_Int
D
Internest_Rate, Total_Principal

Reveal answer details Close answer details

Correct answerA

Question 12

Single choice

Which components are defined while customizing the product in Oracle FLEXCLUBE?

A
ICCF
B
MIS
C
Role-to-Head Mapping
D
Revaluation
E
Accounting Periods
A. A, B, D and E
B. A, B and D
C. A, B and E
D. A, B and C

Reveal answer details Close answer details

Correct answerD

Free 1Z0-561 Exam Dumps Preview

Oracle FLEXCUBE Universal Banking 11 Basic Implementation Essentials

PREVIEW CONTENTS · 1 VOLUME

QUESTION 1

QUESTION 2

QUESTION 3

QUESTION 4

QUESTION 5

QUESTION 6

QUESTION 7

QUESTION 8

QUESTION 9

QUESTION 10

QUESTION 11

QUESTION 12