1Z0-561 Oracle FLEXCUBE Universal Banking 11 Basic Implementation Essentials Test

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Oracle 1Z0-561 Exam Sample Questions

Question: 1

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.

  1. A and B
  2. C and D
  3. A and D
  4. B and D


Answer: B

Question: 4

An MM Borrowing contract has been created. The contract value date is 0l-Jan-2010 and maturity date is 31-Mar-2010. The customer has approached the bank and requested for an extension of the contract with a maturity date of 02-Apr-2010. From which screen of the MM module, can the extension of this contract be performed?

  1. MM Rollover screen
  2. MM Contract Schedule screen
  3. MM Value Dated Amendment screen
  4. from all of these three screens


Answer: C

Explanation:

Reference:

http://dc143.4shared.com/doc/zzOUkBmX/preview.html (see the table row – C20)

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Question: 3

In which depreciation method does the depreciation amount specified by the bank on a fixed asset does not remain constant throughout that asset’s useful life?

  1. SLM
  2. WDV
  3. Activity Depreciation Method
  4. Sum of Digits Depreciation Method


Answer: D

Explanation:

Reference:

http://www.ehow.com/list_6535356_define-methods-depreciation.html (see sum-of-the-years’-digits method)

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Question: 5

What is true about Dormancy Days in Account Class?

  1. Mark Customer Account as Dormant as part of EOD batch process if there are no debit and credit transactions for the number of days maintained under Dormancy Days in Account Class.
  2. Close Customer Account as part of EOD batch process if there are no debit and credit transactions for the number of days maintained under Dormancy Days in Account Class.
  3. Automatically Tick No Debit and No Credit flag as part of EOD batch process if there are no debit are credit transactions for the number of days maintained under Dormancy Days in Account Class.
  4. Mark the customer linked to the Customer Account as Dormant.


Answer: A

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Question: 1

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.

  1. A and B
  2. C and D
  3. A and D
  4. B and D


Answer: B

Question: 4

An MM Borrowing contract has been created. The contract value date is 0l-Jan-2010 and maturity date is 31-Mar-2010. The customer has approached the bank and requested for an extension of the contract with a maturity date of 02-Apr-2010. From which screen of the MM module, can the extension of this contract be performed?

  1. MM Rollover screen
  2. MM Contract Schedule screen
  3. MM Value Dated Amendment screen
  4. from all of these three screens


Answer: C

Explanation:

Reference:

http://dc143.4shared.com/doc/zzOUkBmX/preview.html (see the table row – C20)

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