Oracle Oracle Certifications 1Z0-561 Questions & Answers

• Question 21:

  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.

  Correct Answer: A

• Question 22:

  Roles are assigned to users. What type of relationship can a role and a user have in the system?

  A. one-to-one only

  B. one-to-many only

  C. many-to-one only

  D. many-to-many

  Correct Answer: D

• Question 23:

  Under which screen are the standard set of vendors in Expense Processing Contract maintained?

  A. Vendor Maintenance screen

  B. XP Product Preference screen

  C. XP Bank Preference screen

  D. XP Branch Preference screen

  Correct Answer: A

• Question 24:

  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

  Correct Answer: BC

• Question 25:

  Which elements correspond to the System Data Element?

  A) Value Dated Balance B) Interest Day Basis from Currency Definition C) Interest Rate defined D) Interest Product Preference

  A. A and B

  B. A, B and C

  C. A, B and D

  D. B and C

  Correct Answer: C

• Question 26:

  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

  Correct Answer: A

• Question 27:

  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.

  Correct Answer: BC

• Question 28:

  Which product type should be selected for setting up for utility bill payments?

  A. Standing Payment Orders

  B. Variable Payment Orders

  C. Sweep Out Transactions

  D. Standing Collection orders

  Correct Answer: B

• Question 29:

  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.

  Correct Answer: A

• Question 30:

  Which screen is used to enable/disable Password Expiry Notification?

  A. Role Profile Definition

  B. User Profile Definition

  C. SMS Bank Parameters

  D. Restricted Access screen

  Correct Answer: C