Oracle 1Z0-561 Online Practice Questions and Exam Preparation

Oracle 1Z0-561 Online Questions & Answers

• Question 1:

  What are the Settlement Bridge GLs used for?

  A. handling adjustment entries
  B. handling multiple disbursement schedules
  C. handling multiple modes of settlement
  D. handling suspense entries
  C. handling multiple modes of settlement

• Question 2:

  Roles are assigned to users. What type of relationship can a role and a user have in the system?

  A. one-to-one only
  B. one-to-many only
  C. many-to-one only
  D. many-to-many
  D. many-to-many

• Question 3:

  In Oracle FLEXCUBE, every document that is required to be maintained is identified by a unique code called the Document Code. Which classification of the document can be maintained?

  A) Transport B) Insurance C) Invoice D) Others

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

• Question 4:

  Which project implementation phases are not applicable in case of a Oracle FLEXCUBE implementation at a greenfield bank?

  A) PWT B) UAT C) Data Conversion D) Parallel run E) Database design

  A. A and C
  B. C and D
  C. B and D
  D. D. D and E
  B. C and D

• Question 5:

  A bank has ICCF Rule implemented to collect its processing charges, but due to regulation changes now it can no longer levy these charges on the transactions. What changes are required in Oracle FLEXCUBE to implement new requirement?

  A. Amend the respective products and select the "Stop Application" flag in the Charge Definition screen.
  B. Unlock the ICCF Rule and delink all the attached products.
  C. Reverse the ICCF Rule.
  D. Delete the ICCF Rule.
  A. Amend the respective products and select the "Stop Application" flag in the Charge Definition screen.

• Question 6:

  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
  B. FA Query Views

• Question 7:

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

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

• Question 8:

  Which three account types can be opened through an Account Class?

  A. Nostro
  B. Current
  C. Saving
  D. Term Loan
  A. Nostro
  B. Current
  C. Saving

• Question 9:

  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
  A. 13 Period Codes only - Jan, Feb,...till Dec and FIN

• Question 10:

  There can be Overage or Shortage of Cash while performing Retail Teller transactions. A bank can specify in which GL the Overage or Shortage should be booked by the teller. The Overage or Shortage GL can be maintained under which screen?

  A. Arc Maintenance Screen
  B. Retail Teller Product Screen
  C. Till and vault Maintenance screen under Branch Parameters
  D. Arc Maintenance Screen and Retail Teller Product Screen
  B. Retail Teller Product Screen