1Z0-561 Exam Questions & Answers

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1Z0-561 Exam Questions & Answers

Vendor: Oracle

Certifications: Others Oracle Certifications

Exam Code: 1Z0-561

Exam Name: Oracle FLEXCUBE Universal Banking 11 Basic Implementation Essentials

Updated: Jun 26, 2022

Q&As: 76

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1Z0-561 Online Practice Questions and Answers

Questions 1

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.

Show Answer
Questions 2

Which maintenance is used to maintain accounting and charge details for combinations of product, customer, branch, and currency that will be applicable for Retail Teller non-instrument transactions?

A. ARC maintenance

B. IC maintenance

C. ICCF maintenance

D. Retail Teller transaction maintenance

Show Answer
Questions 3

What happens if a contract is marked for autoliquidation and the liquidation day turns out to be a holiday?

A. The system liquidates the contract based on product-level parameters

B. The system liquidates the contract based on contract-level parameters

C. A user needs to liquidate the deal manually by invoking the Payment screen.

D. The liquidation does not take place.

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