Oracle Oracle Certifications 1Z0-561 Questions & Answers

• Question 41:

  Which statement is true about Revaluation?

  A. Revaluation is done online as and when Currency Exchange Rates are defined in Oracle FLEXCUBE.

  B. Revaluation Batch is run during EOD Batch as First batch process in the Post-EOTI stage.

  C. Revaluation Batch is run during EOD Batch as Last batch process in the Post-EOTI stage.

  D. Revaluation Batch is run during the Date Change Batch process.

  Correct Answer: C

• Question 42:

  What does Settlement Instruction maintenance in FT Module refer to?

  A) defining the Settlement Account for the Sender Bank which will be used as Debit Account in case of Incoming Fund Transfer.

  B) defining the Credit Account for the Branch, Product and Currency combination which will be used as Credit Account in case of Outgoing Fund Transfer.

  C) defining the Routing Bank Information for the Receiver selected in the FT Contract Input and using the same in the Contract settlement.

  D) Settlement Instruction used only in Internal Fund Transfer.

  A. A, B and C

  B. A and B

  C. A and C

  D. D

  Correct Answer: B

• Question 43:

  Which three conditions must be satisfied to effect netting contracts?

  A. Contracts are linked to the same counterparty.

  B. Contracts have the same value date.

  C. Contracts have the same currency pair/currency.

  D. Contracts have the same settlement amount in local currency

  E. Contracts have the same booking date.

  Correct Answer: CDE

• Question 44:

  A bank follows 01-Jan to 31-Dec as Accounting Cycle and follows Period Codes Jan, Feb,...till Dec. Which statement is true about Period Codes maintenance in Oracle FLEXCUBE?

  A. 13 Period Codes only - Jan, Feb,...till Dec and FIN

  B. 4 Period Codes only - Q01, Q02, Q03, and Q04

  C. 5 Period Codes only - Q01, Q02, Q03, Q04, and FIN

  D. 12 Period Codes only - Jan, Feb, ...till Dec

  Correct Answer: A

• Question 45:

  Which three preferences are available at the Account class level?

  A. Limit Check

  B. Passbook Facility

  C. Frozen

  D. ATM Facility

  Correct Answer: ABD

• Question 46:

  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

  Correct Answer: A

• Question 47:

  For a Debit Interest Product "DRIN" with monthly liquidation, the "Back-valued recalc" check box is selected. A rate "RATE01", used in the interest calculation, is maintained as follows:

  Eff Date Rate% l-Jan-08 4 l-Feb-08 4.1

  If today's date is 18-Feb-08 and the rate against l-Jan-08 is modified to 4.05, then what does the system do?

  A. The system applies 4.1 for the current liquidation cycle but does not recalculate for the previous liquidation cycle.

  B. The system applies 4.1 for the current liquidation cycle, recalculates the previous liquidation cycle at 4.05, and makes correction entries.

  C. The system applies 4.05 for the current liquidation cycle but does not recalculate for the previous liquidation cycle.

  D. The system applies 4.05 for the current liquidation cycle, recalculates the previous liquidation cycle at 4.05, and makes correction entries.

  Correct Answer: D

• Question 48:

  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)

  Correct Answer: A

• Question 49:

  Which statement is true when the schedule type for a corporate deposit is capitalized?

  A. All the interest components are capitalized.

  B. All the interest and charge components are capitalized.

  C. Only the main interest and main charge are capitalized.

  D. Only the main interest is capitalized.

  Correct Answer: D

• Question 50:

  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

  Correct Answer: ABD