Oracle 1Z0-561 Online Practice Questions and Exam Preparation

Oracle 1Z0-561 Online Questions & Answers

• Question 51:

  What would be the outcome if an Outgoing Request for Debit is approved?

  A. Outgoing Payment
  B. Incoming Payment
  C. Outgoing Direct Debit
  D. Incoming Direct Debit
  B. Incoming Payment

• Question 52:

  A single vendor provides multiple services to the bank but different expense heads need to be changed. How is this achieved?

  A. Separate contracts have to be created whenever different expense heads are charged.
  B. This can be achieved by using the Contract Level Expense GLs feature.
  C. This has to be managed manually.
  D. A vendor is maintained in the system and different GLs are mapped to this vendor.
  B. This can be achieved by using the Contract Level Expense GLs feature.

• Question 53:

  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.

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

• Question 54:

  Which two operations will cause the system to transfer the Facility amount back to the original line?

  A. automatic expiry
  B. manual closure/cancellation
  C. nonutilization of the transferred Facility amount before the Availment Expiry Date
  D. complete utilization of the transferred Facility amount
  B. manual closure/cancellation
  C. nonutilization of the transferred Facility amount before the Availment Expiry Date

• Question 55:

  Which two types of Customer-to-liability linkage are supported in the system?

  A. Multiple Liabilities linked to single customer
  B. Single Liability linked to multiple customers
  C. Single Liability linked to only one customer
  D. Single Liability linked to single customer group code
  B. Single Liability linked to multiple customers
  C. Single Liability linked to only one customer

• Question 56:

  An MM Borrowing contract has been created. The contract value date is 0l-Jan-2010 and maturity date is 31-Mar-2010. The customer has approached the bank and requested for an extension of the contract with a maturity date of 02-Apr2010.

  From which screen of the MM module, can the extension of this contract be performed?

  A. MM Rollover screen
  B. MM Contract Schedule screen
  C. MM Value Dated Amendment screen
  D. from all of these three screens
  C. MM Value Dated Amendment screen

• Question 57:

  A bank owns 50 computer tables whose useful life has been set as 20 years; the depreciation method has been set as SLM. The bank wants to determine the residual value of these tables at the end of their useful life. What is the residual value?

  A. 1
  C. almost 0
  D. equal to the original cost of the new asset of the same type
  C. almost 0

• Question 58:

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

  A. FA and Teller
  B. FA and XP
  C. FA and Asset Management
  D. FA and Allocation
  B. FA and XP

• Question 59:

  In Collateral Maintenance, what is the functionality of the "Sharing Required" option?

  A. It enables a collateral to be shared among several liabilities.
  B. It enables a user to define the share of lendable and nonlendable margin for a collateral.
  C. It enables a user to define the guarantor's share in a collateral pool.
  D. It enables many customer IDs to share the same Liability Number.
  A. It enables a collateral to be shared among several liabilities.

• Question 60:

  Oracle FLEXCUBE Branch Teller can perform multiple operations using the DD Teller screen. Which are valid Teller DD operations?

  A) DD issue against GL B) DD issue against Walkin C) DD liquidation against GL D) DD sale against account

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