Oracle Oracle Certifications 1Z0-561 Questions & Answers

• Question 31:

  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

  Correct Answer: C

• Question 32:

  Oracle FLEXCUBE allows the match status to be Open, Suggested, or Closed. Which of these are true for a Suggested match status?

  A) The suggested entries will be allowed for modification. B) The suggested record will be allowed for confirmation. C) The suggested entries' record can be rejected.

  A. B and C

  B. A and C

  C. A

  D. C

  Correct Answer: A

• Question 33:

  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

  Correct Answer: A

• Question 34:

  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.

  Correct Answer: B

• Question 35:

  What are the Settlement Bridge GLs used for?

  A. handling adjustment entries

  B. handling multiple disbursement schedules

  C. handling multiple modes of settlement

  D. handling suspense entries

  Correct Answer: C

• Question 36:

  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

  Correct Answer: C

• Question 37:

  Product Parameterizations the basis for creation of:

  A) Gold Copy Environment B) Play Data Environment C) Gold Copy and Data Migration Data for UAT D) Gold Copy and Final Migration Data for Go-Live

  A. A, B, C and D

  B. A, B and C

  C. A, C and D

  D. B, C and D

  Correct Answer: C

• Question 38:

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

  A. 99

  B. 365

  C. 999

  D. 9999

  Correct Answer: D

• Question 39:

  Which three account types can be opened through an Account Class?

  A. Nostro

  B. Current

  C. Saving

  D. Term Loan

  Correct Answer: ABC

• Question 40:

  What is the formula for determining the Exchange Rate that is to be applied to a cross-currency transaction?

  A. Exchange Rate = Mid Rate

  B. Exchange Rate = Base Rate +/- customer spread

  C. Exchange Rate = Buy Rate +/- customer spread

  D. Exchange Rate = Base Rate + spread code

  Correct Answer: C