Oracle 1Z0-561 Online Practice Questions and Exam Preparation

Oracle 1Z0-561 Online Questions & Answers

• Question 41:

  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?

  A. Fetch the deleted record from the User Definition screen and reopen the record.
  B. Fetch the deleted record and reverse the deletion.
  C. Fetch the deleted record and unlock and save the record.
  D. Create a new record with the User ID as TESTUSER.
  C. Fetch the deleted record and unlock and save the record.

• Question 42:

  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.

  A. First - General rulesSecond - Specific rules
  B. First - Specific rulesSecond - General rules
  C. Only General rules are checked.
  D. Only Specific rules are checked.
  A. First - General rulesSecond - Specific rules

• Question 43:

  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
  A. A, B and C

• Question 44:

  Oracle FLEXCUBE terminology, what do Product and Contract denote, respectively?

  A. Account and Transaction
  B. Banking Services and Offerings
  C. Banking Services and Transaction
  D. Account and Facility
  D. Account and Facility

• Question 45:

  What does Dispatch Accounting Parameter set-up in PC Module Maintenance refer to?

  A. setting of the Nostro Account, Incoming and Outgoing Transaction Code under the Clearing Network Maintenance
  B. linking of the Nostro Account in the PC Product Preference for parking the funds
  C. defining the Nostro Account in the PC Branch Parameter
  D. defining the Nostro Account as part of PC End Of Day Batch Set-up to move the funds from Cash in Transit GL to the Nostro GL
  A. setting of the Nostro Account, Incoming and Outgoing Transaction Code under the Clearing Network Maintenance

• Question 46:

  Which maintenance is used to maintain accounting and charge details for combinations of product, customer, branch, and currency that will be applicable for Retail Teller non-instrument transactions?

  A. ARC maintenance
  B. IC maintenance
  C. ICCF maintenance
  D. Retail Teller transaction maintenance
  D. Retail Teller transaction maintenance

• Question 47:

  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?

  A. % (percentage)
  B. # (hash)
  C. * (asterisk)
  D. $ (dollar)
  A. % (percentage)

• Question 48:

  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.

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

• Question 49:

  For a Charge Product with basis as Turnover, maintenance is done for charge amount given as follows:

  Slab Tier Charge Rate 10,000 0.5% 25,000 1.5% 50,000 2.5%

  If the turnover for an account is 33,000, which one is true?

  A. 0.5% of 10,000 + 1.5% of 15,000 + 2.5% of 8,000 is the charge amount if Tier is applicable.
  B. 1.5% of 33,000 is the charge amount if Tier is applicable.
  C. 2.5% of 33,000 is the charge amount if Tier is applicable.
  D. 15% of 25,000 + 2.5% of 8,000 is the charge amount if Tier is applicable.
  A. 0.5% of 10,000 + 1.5% of 15,000 + 2.5% of 8,000 is the charge amount if Tier is applicable.

• Question 50:

  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.
  A. Time Level which system generated accounting entries will be passed during EOD.