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

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

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  • Vendor: Oracle
  • Exam Code: 1Z0-561
  • Exam Name: Oracle FLEXCUBE Universal Banking 11 Basic Implementation Essentials
  • Certifications: Oracle Certifications
  • Total Questions: 76 Q&As
  • Updated on:
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1Z0-561 Online Practice Questions and Answers

Questions 1

In Oracle FLEXCUBE, every document that is required to be maintained is identified by a unique code called the Document Code. Which classification of the document can be maintained?

A) Transport B) Insurance C) Invoice D) Others

A. A, B, C and D

B. A, B and C

C. A and B

D. C and D

Show Answer

Questions 2

What is the formula for determining the Exchange Rate that is to be applied to a cross-currency transaction?

A. Exchange Rate = Mid Rate

B. Exchange Rate = Base Rate +/- customer spread

C. Exchange Rate = Buy Rate +/- customer spread

D. Exchange Rate = Base Rate + spread code

Show Answer

Questions 3

Oracle FLEXCUBE has a modular architecture. A bank is replacing its old legacy system with Oracle FLEXCUBE. The bank currently uses Payments facilities only. It has a roadmap to support Trade Finance module after one year.

Which statements are true regarding implementing Oracle FLEXCUBE?

A) The bank has to implement all modules available in Oracle FLEXCUBE at the time of Go-Live.

B) The bank can go live with Payments-related modules only.

C) The bank can implement Trade Finance modules after one year on top of Payments-related modules by doing delta product parameterization for the Trade Finance modules.

D) Bank can go live with Payments and Trade Finance modules. It will not be possible to plug in Trade Finance module post Go-live.

A. B, C, D

B. A and B

C. B and C

D. A and C

Show Answer More Questions

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