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1Z0-561 Exam Questions & Answers

Exam Code: 1Z0-561

Exam Name: Oracle FLEXCUBE Universal Banking 11 Basic Implementation Essentials

Updated: Apr 27, 2024

Q&As: 76

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Questions 1

A bank has purchased 25 computers. The bank needs to book these as assets and also specify the depreciation type for them. Which two depreciation types can the bank choose from?

A. Written Down Value

B. Straight Line Method

C. Accelerated Cost Recovery

D. Group Depreciation Method

Show Answer
Questions 2

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

Show Answer
Questions 3

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

Show Answer
Questions 4

What is possible regarding Ear Marking?

A. blocking of a Liability

B. blocking of a Facility Line

C. blocking of funds for a Liability

D. blocking of funds for a Facility

Show Answer
Questions 5

What is the purpose of the "SI" button on the CIF screen?

A. to add Standing Instructions

B. to view Standing Instructions

C. to add Settlement Instructions

D. to view Settlement Instructions

Show Answer

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