Oracle 1Z0-561 Online Practice Questions and Exam Preparation

Oracle 1Z0-561 Online Questions & Answers

• Question 11:

  What is true about Dormancy Days in Account Class?

  A. Mark Customer Account as Dormant as part of EOD batch process if there are no debit and credit transactions for the number of days maintained under Dormancy Days in Account Class.
  B. Close Customer Account as part of EOD batch process if there are no debit and credit transactions for the number of days maintained under Dormancy Days in Account Class.
  C. Automatically Tick No Debit and No Credit flag as part of EOD batch process if there are no debit are credit transactions for the number of days maintained under Dormancy Days in Account Class.
  D. Mark the customer linked to the Customer Account as Dormant.
  A. Mark Customer Account as Dormant as part of EOD batch process if there are no debit and credit transactions for the number of days maintained under Dormancy Days in Account Class.

• Question 12:

  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.
  C. Revaluation Batch is run during EOD Batch as Last batch process in the Post-EOTI stage.

• Question 13:

  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.
  D. Only the main interest is capitalized.

• Question 14:

  During Liquidation of Teller transactions, if the system detects insufficient funds in the account, the subsequent credit that happens to the settlement account needs to be blocked. How do you ensure this in the system?

  A. Enable Auto Liquidation.
  B. Enable Overdraft Facility.
  C. Enabled Track Receivable.
  D. Enable Cash GL posting.
  A. Enable Auto Liquidation.

• Question 15:

  Which two statements are true regarding Vendor Maintenance?

  A. The vendor has to be a customer of the bank.
  B. The vendor may or may not be a customer of the bank.
  C. The Vendor Code is unique across the bank.
  D. One vendor can have multiple vendor codes for multiple services rendered.
  B. The vendor may or may not be a customer of the bank.
  C. The Vendor Code is unique across the bank.

• Question 16:

  Oracle FLEXCUBE allows the match status to be Open, Suggested, or Closed. Which of these are true for a Suggested match status?

  A) The suggested entries will be allowed for modification. B) The suggested record will be allowed for confirmation. C) The suggested entries' record can be rejected.

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

• Question 17:

  What happens if a contract is marked for autoliquidation and the liquidation day turns out to be a holiday?

  A. The system liquidates the contract based on product-level parameters
  B. The system liquidates the contract based on contract-level parameters
  C. A user needs to liquidate the deal manually by invoking the Payment screen.
  D. The liquidation does not take place.
  A. The system liquidates the contract based on product-level parameters

• Question 18:

  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
  C. Exchange Rate = Buy Rate +/- customer spread

• Question 19:

  Product Parameterizations the basis for creation of:

  A) Gold Copy Environment B) Play Data Environment C) Gold Copy and Data Migration Data for UAT D) Gold Copy and Final Migration Data for Go-Live

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

• Question 20:

  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.
  D. The system applies 4.05 for the current liquidation cycle, recalculates the previous liquidation cycle at 4.05, and makes correction entries.