Oracle 1Z0-561 Online Practice Questions and Exam Preparation

Oracle 1Z0-561 Online Questions & Answers

• Question 61:

  When a product is created under CL, which components get populated by default?

  A. Main_Int, Principal
  B. Principal, Interest_Rate
  C. Main_Int, Penal_Int
  D. Internest_Rate, Total_Principal
  A. Main_Int, Principal

• Question 62:

  What is true about the CD module in Oracle FLEXCUBE?

  A) You can manually roll over a Corporate Deposit at the contract level, even if Rollover is not allowed at the product level.

  B) A corporate deposit can be created with the manual liquidation option selected, even if Auto Liquidation is set at the product level.

  C) Only corporate type of customers are allowed to open a Corporate deposit.

  D) Prepayment of PRINCIPAL is not allowed in Corporate Deposits as it constitutes a violation of the contract.

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

• Question 63:

  Which can be restricted for a facility?

  A) Customers B) Branches C) Products D) Currencies

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

• Question 64:

  The Interest, Oracle Commission, and Fees are handled using the ICCF Rule definition in Oracle FLEXCUBE. Which statements are true about ICCF?

  A) Branch-specific ICCF is supported in Oracle FLEXCUBE B) Customer Group specific ICCF a supported in Oracle FLEXCUBE C) Currency-specific ICCF is supported in Oracle FLEXCUBE D) Country-specific ICCF is supported in Oracle FLEXCUBE

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

• Question 65:

  When is the "Year-end P/L Account" (specified at the Bank level) used?

  A. when a particular GL is closed
  B. when the GL to which year-end balances should be posted is not specified in Accounts
  C. when all year-end transactions pertaining to Memo GL are to be posted
  D. when previous year adjustment entries are to be posted
  B. when the GL to which year-end balances should be posted is not specified in Accounts

• Question 66:

  In which depreciation method does the depreciation amount specified by the bank on a fixed asset does not remain constant throughout that asset's useful life?

  A. SLM
  B. WDV
  C. Activity Depreciation Method
  D. Sum of Digits Depreciation Method
  A. SLM

• Question 67:

  Oracle FLEXCUBE supports Special Rollover. The SROL event code gets triggered while initiating Special Rollover. Which events unfold when the Special Rollover is triggered?

  A. change in the loan currency
  B. reassignment of the loan customer
  C. creation of a new loan with the same reference number as the original loan, and the waiver of any outstanding loan
  D. A, B and C
  D. A, B and C

• Question 68:

  Which three relationship categories can be maintained through relationship maintenance?

  A. Customer-to-Account
  B. Customer-to-Customer
  C. Customer-to-Group
  D. Customer-to-Contract
  A. Customer-to-Account
  B. Customer-to-Customer
  D. Customer-to-Contract

• Question 69:

  A bank has purchased 25 computers. The bank needs to book these as assets and also specify the depreciation type for them. Which two depreciation types can the bank choose from?

  A. Written Down Value
  B. Straight Line Method
  C. Accelerated Cost Recovery
  D. Group Depreciation Method
  A. Written Down Value
  B. Straight Line Method

• Question 70:

  The FX deals are revalued at the forward rate for the period from the revaluation date to the contract maturity date and the revaluation amount is adjusted for the present value. Which revaluation method has this characteristic?

  A. NPV
  B. Rebate
  C. Straight Line
  D. Discounted Straight Line
  B. Rebate