Oracle 1Z0-561 Online Practice Questions and Exam Preparation

Oracle 1Z0-561 Online Questions & Answers

• Question 21:

  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.
  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.

• Question 22:

  Oracle FLEXCUBE has a modular architecture. A bank is replacing its old legacy system with Oracle FLEXCUBE. The bank currently uses Payments facilities only. It has a roadmap to support Trade Finance module after one year.

  Which statements are true regarding implementing Oracle FLEXCUBE?

  A) The bank has to implement all modules available in Oracle FLEXCUBE at the time of Go-Live.

  B) The bank can go live with Payments-related modules only.

  C) The bank can implement Trade Finance modules after one year on top of Payments-related modules by doing delta product parameterization for the Trade Finance modules.

  D) Bank can go live with Payments and Trade Finance modules. It will not be possible to plug in Trade Finance module post Go-live.

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

• Question 23:

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

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

• Question 24:

  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
  D. as per Spot days maintained in the Currency Definition screen for USD

• Question 25:

  Which statements are true for User Role Maintenance?

  A) User Roles can be deleted before the first authorization.

  B) User Roles can be closed post-first authorization.

  C) User Roles can be deleted any time.

  D) User Roles contain list of Users and their corresponding Roles.

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

• Question 26:

  What is the maximum number of retries allowed for Partial Liquidation action?

  A. 99
  B. 365
  C. 999
  D. 9999
  D. 9999

• Question 27:

  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.

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

• Question 28:

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

  A. Sign Off helps the user change the branch whereas Exit logs the user out of the system.
  B. Exit helps the user change the branch whereas Sign Off logs the user out of the system.
  C. Sign Off helps the user log off a Module whereas Exit logs the user out of the system.
  D. Sign Off brings the user to the "sign on" screen whereas Exit logs the user out of the system.
  D. Sign Off brings the user to the "sign on" screen whereas Exit logs the user out of the system.

• Question 29:

  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:

  A) Financial Reports Generation for the Branch B) End of Day C) End of Financial Input D) End of Transaction Input E) Post EOTI Batches F) BOD Batches G) Date Change 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
  A. D > E > C > A > B > G > F > H

• Question 30:

  A home loan is given at 10% fixed rate. The rate has to be increased to 11%. How is this done in the system?

  A. by changing the value of rate in Loan Account UDEs
  B. by amending the UDE value in the Value Dated Amendment screen
  C. by changing the interest rate in the UDE values screen
  D. by unlocking the loan account and changing the value in the Interest tab
  D. by unlocking the loan account and changing the value in the Interest tab