1Z0-561 Online Practice Questions and Answers

Which statements are true in regards to Change Class?

A) Different Association, Application and Liquidation events will be available.

B) Different Basic Amount Tags will be available.

C) Different Third-Party Types will be available.

D) Different User-Defined Fields will be available.

A. A and B

B. C and D

C. A and D

D. B and D

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

Which three statements are correct regarding a Funds Transfer Product?

A. Back Value-Dated transactions are allowed.

B. The charges are shared between the remitter and the beneficiary.

C. Future Value-Dated Transactions are not allowed.

D. Cross-currency transactions are allowed.

Which components are defined while customizing the product in Oracle FLEXCLUBE?

A) ICCF B) MIS C) Role-to-Head Mapping D) Revaluation E) Accounting Periods

A. A, B, D and E

B. A, B and D

C. A, B and E

D. A, B and C

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

A. Nostro

B. Current

C. Saving

D. Term Loan

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

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

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

Where is the Routing mask (for clearing transactions) defined?

A. Bank Parameters

B. Clearing Products

C. Branch Parameters

D. ARC maintenance

A new User ID called TESTUSER was created. However, the Maker (the one who created the ID) deleted this User ID before it was authorized. Later, he/she realizes that the deleted record is needed. Which should the Maker do to get back the deleted ID?

A. Fetch the deleted record from the User Definition screen and reopen the record.

B. Fetch the deleted record and reverse the deletion.

C. Fetch the deleted record and unlock and save the record.

D. Create a new record with the User ID as TESTUSER.