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

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Oracle 1Z0-561 Exam Sample Questions

Question: 2

When is the “Year-end P/L Account” (specified at the Bank level) used?

  1. when a particular GL is closed
  2. when the GL to which year-end balances should be posted is not specified in Accounts
  3. when all year-end transactions pertaining to Memo GL are to be posted
  4. when previous year adjustment entries are to be posted


Answer: B

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

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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: 2

When is the “Year-end P/L Account” (specified at the Bank level) used?

  1. when a particular GL is closed
  2. when the GL to which year-end balances should be posted is not specified in Accounts
  3. when all year-end transactions pertaining to Memo GL are to be posted
  4. when previous year adjustment entries are to be posted


Answer: B

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Question: 2

When is the “Year-end P/L Account” (specified at the Bank level) used?

  1. when a particular GL is closed
  2. when the GL to which year-end balances should be posted is not specified in Accounts
  3. when all year-end transactions pertaining to Memo GL are to be posted
  4. when previous year adjustment entries are to be posted


Answer: B

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