1Z0-561 Dumps

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Vendor: Oracle

Certifications: Oracle Certifications

Exam Name: Oracle FLEXCUBE Universal Banking 11 Basic Implementation Essentials

Exam Code: 1Z0-561

Total Questions: 76 Q&As

Last Updated: Mar 13, 2025

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1Z0-561 Q&A's Detail

Exam Code: 1Z0-561
Total Questions: 76

1Z0-561 Online Practice Questions and Answers

Questions 1

What is true about Dormancy Days in Account Class?

A. 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.

B. 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.

C. 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.

D. Mark the customer linked to the Customer Account as Dormant.

Show Answer
Questions 2

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.

Show Answer
Questions 3

Which three preferences are available at the Account class level?

A. Limit Check

B. Passbook Facility

C. Frozen

D. ATM Facility

Show Answer
Questions 4

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 5

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

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