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1Z0-561 Real Exam Questions

Oracle FLEXCUBE Universal Banking 11 Basic Implementation Essentials

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Question 1 Single choice

Oracle FLEXCUBE supports Multi Credit Transfer using Funds Transfer Module.
Which features are part of Multi Credit Transfer?

A. Message is sent as MT 102 and MT203.
B. Maximum of 10 Contracts can be consolidated under a multicredit reference number.
C. Consolidated accounting reference number is to be entered by the user.
D. Field Multi Credit Transfer should be enabled at the Product and Branch level.

  1. A

    A, B and C

  2. B

    B, C and D

  3. C

    A, B and D

  4. D

    A, C and D

Show answer and explanation

Correct answer: C

Question 2 Single choice

Which statements are true about Limits Revaluation in Oracle FLEXCUBE?

A. Limits Revaluation is done online as and when the Currency Exchange Rate changes.
B. Limits Revaluation is done as part of the EOD Batch Process.
C. Limits Revaluation Accounting entries are posted in the Limits Currency.
D. Limits Revaluation Accounting entries are posted in the Branch Local Currency.

  1. A

    A, B, C and D

  2. B

    A and C

  3. C

    B and C

  4. D

    B and D

Show answer and explanation

Correct answer: A

Question 3 Single choice

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?

  1. A

    % (percentage)

  2. B

    # (hash)

  3. C

    * (asterisk)

  4. D

    $ (dollar)

Show answer and explanation

Correct answer: A

Question 4 Single choice

A new User ID called TESTUSER was created. However, the Maker (the one who created the ID) deleted this User ID before it was authorized. Later, he/she realizes that the deleted record is needed.

Which should the Maker do to get back the deleted ID?

  1. A

    Fetch the deleted record from the User Definition screen and reopen the record.

  2. B

    Fetch the deleted record and reverse the deletion.

  3. C

    Fetch the deleted record and unlock and save the record.

  4. D

    Create a new record with the User ID as TESTUSER.

Show answer and explanation

Correct answer: C

Question 5 Single choice

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

  1. A

    Sign Off helps the user change the branch whereas Exit logs the user out of the system.

  2. B

    Exit helps the user change the branch whereas Sign Off logs the user out of the system.

  3. C

    Sign Off helps the user log off a Module whereas Exit logs the user out of the system.

  4. D

    Sign Off brings the user to the "sign on" screen whereas Exit logs the user out of the system.

Show answer and explanation

Correct answer: D

Question 6 Single choice

Which definitions does Bank Parameter Maintenance allow?

A. Account Class Mask Definition
B. CIF Mask Definition
C. Product Mask Definition
D. GL Mask Definition

  1. A

    A, B, C and D

  2. B

    A, B and C

  3. C

    A, B and D

  4. D

    B and D

Show answer and explanation

Correct answer: D

Question 7 Single choice

Which statements are true about Holiday Maintenance in Oracle FLEXCUBE?

A. Oracle FLEXCUBE supports Head Office-level Local Holiday Maintenance and the same is
applicable to all branches reporting to the Head Office.
B. Oracle FLEXCUBE supports Regional Office-level Local Holiday Maintenance and the same is
applicable to all branches reporting to this Regional Office.
C. Oracle FLEXCUBE supports Branch-level Local Holiday Maintenance.

D. Oracle FLEXCUBE supports Currency Holiday Maintenance from Head Office only.

  1. A

    A, C and D

  2. B

    A, B, C and D

  3. C

    A and D

  4. D

    C and D

Show answer and explanation

Correct answer: D

Question 8 Single choice

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

  1. A

    FA and Teller

  2. B

    FA and XP

  3. C

    FA and Asset Management

  4. D

    FA and Allocation

Show answer and explanation

Correct answer: B

Question 9 Single choice

The End of Day (EOD) batch operation in Oracle FLEXCUBE is set up for the respective branches. There are different stages during the EOD Batch Process such as:

  1. A

    Financial Reports Generation for the Branch

  2. B

    End of Day

  3. C

    End of Financial Input

  4. D

    End of Transaction Input

  5. E

    Post EOTI Batches

  6. F

    BOD Batches

  7. G

    Date Change

  8. H

    Transaction Input

    A. D > E > C > A > B > G > F > H
    B. D > E > A > C > B > G > F > H
    C. C > D > E > A > B > G > F > H
    D. A > B > C > D > E > F > G > H

Show answer and explanation

Correct answer: A

Question 10 Single choice

During the process of maintaining ICCF rules, the system checks for application of General rules (all branches, all currencies, and so on) and Specific rules (particular branch currencies and so on). Select the checks and the correct order in which they are done.

  1. A

    First - General rulesSecond - Specific rules

  2. B

    First - Specific rulesSecond - General rules

  3. C

    Only General rules are checked.

  4. D

    Only Specific rules are checked.

Show answer and explanation

Correct answer: A