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

Vendor : Oracle
Exam Code : 1Z0-561
Exam Name : Oracle FLEXCUBE Universal Banking 11 Basic Implementation Essentials
Questions and Answers : 76 Q & A
Updated On : Click to Check Update
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What is the purpose of the "SI" button on the CIF screen?

  1. to add Standing Instructions

  2. to view Standing Instructions

  3. to add Settlement Instructions

  4. to view Settlement Instructions

Answer: B


A bank has entered into a USD Spot Deal with a customer on Monday, January 15 and there are no holidays during the week. On which date will the transaction be settled in the system?

  1. as per Spot days maintained in bank parameters screen

  2. as per Spot days maintained in branch parameters screen

  3. as per Spot days maintained in the Currency Pair Definition screen for USD

  4. as per Spot days maintained in the Currency Definition screen for USD

Answer: D


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?

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

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

  3. 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.

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

  1. B, C, D

  2. A and B

  3. B and C

  4. A and C

Answer: C


An interest rule, CRIN, has a UD£ called RATE, with the following attributes: Floating rate RATE0l for product CRIN Account class ACCLASS1 Currency is USD

Also, product CRIN has monthly liquidation, at the end of month, and daily accrual. Valid rates for RATE01 for USD are maintained as follows:

Eff Date Rate 01-Jan-08 4%

15-Jan-08 4.5%

If today's date is 10-Jan-08 and the maintenance for l5-Jan-08 is closed today, what is true regarding interest calculation by the system?

  1. The system recalculates the interest for the current liquidation cycle.

  2. The system recalculates the interest for the current liquidation cycle and passes adjustment entries.

  3. The system does not calculate the interest for the current cycle from 15-Jan-08.

  4. The system continues to calculate interest for the account at 4%.

Answer: A


A new User ID called TESTUSER was created. However, the Maker (the one who created the ID) deleted this User ID before it was authorized. Later, he/she realizes that the deleted record is needed. Which should the Maker do to get back the deleted ID?

  1. Fetch the deleted record from the User Definition screen and reopen the record.

  2. Fetch the deleted record and reverse the deletion.

  3. Fetch the deleted record and unlock and save the record.

  4. Create a new record with the User ID as TESTUSER.

Answer: C


What happens if a contract is marked for autoliquidation and the liquidation day turns out to be a holiday?

  1. The system liquidates the contract based on product-level parameters

  2. The system liquidates the contract based on contract-level parameters

  3. A user needs to liquidate the deal manually by invoking the Payment screen.

  4. The liquidation does not take place.

Answer: A


A customer has two savings accounts ACC1 and ACC2. This customer has requested that interest should be computed in the respective accounts ACC1 and ACC2 but interest liquidation should happen only in the single account ACC2. How will this be implemented in Oracle FLEXCUBE?

  1. The interest needs to be manually transferred by Branch User from ACC1 to ACC2 using Journal Entry after the interest liquidation is done. Automatic interest liquidation movement from ACC1 to ACC2 belonging to the same customer will not be possible.

  2. Branch User can amend customer account ACC1, visit I(Interest Button) and should choose Cale Account as ACC2 and Book Account as ACC2.

  3. Branch User can amend customer account ACC1, visit I(Interest Button) and should choose Cale Account as ACC1 and Book Account as ACC2.

  4. Branch User can amend customer account ACC1, visit I(Interest Button) and should choose Cale Account as ACC2 and Book Account as ACC1.

Answer: D


The FX deals are revalued at the forward rate for the period from the revaluation date to the contract maturity date and the revaluation amount is adjusted for the present value. Which revaluation method has this characteristic?

  1. NPV

  2. Rebate

  3. Straight Line

  4. Discounted Straight Line

Answer: B


There can be Overage or Shortage of Cash while performing Retail Teller transactions. A bank can specify in which GL the Overage or Shortage should be booked by the teller. The Overage or Shortage GL can be maintained under which screen?

  1. Arc Maintenance Screen

  2. Retail Teller Product Screen

  3. Till and vault Maintenance screen under Branch Parameters

  4. Arc Maintenance Screen and Retail Teller Product Screen

Answer: B


What would be the outcome if an Outgoing Request for Debit is approved?

  1. Outgoing Payment

  2. Incoming Payment

  3. Outgoing Direct Debit

  4. Incoming Direct Debit

Answer: B


During Liquidation of Teller transactions, if the system detects insufficient funds in the account, the subsequent credit that happens to the settlement account needs to be blocked. How do you ensure this in the system?

  1. Enable Auto Liquidation.

  2. Enable Overdraft Facility.

  3. Enabled Track Receivable.

  4. Enable Cash GL posting.

Answer: A

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Nilofar-Shidmehr Nilofar Shidmehr Nilofar Shidmehr Iranian-born Nilofar Shidmehr landed in Vancouver in 1997 with a bachelor of science in mechanical engineering and 5 years of event within the container, including working as project supervisor with the city of Tehran. however the engineer is also a poet. on account that her teen years, she has published poetry and brief reports in Farsi, her mother tongue. Yet, it become handiest in Canada that she determined to severely pursue her inventive inclinations. As an undergraduate student on the school of British Columbia (UBC), she started to translate a few of her works from Farsi into English. soon, Shidmehr all started writing poems at once in English. This helped her increase her language abilities and earn a master of excellent arts in inventive writing and a PhD in schooling at UBC. through poetry, she also made chums and turn into a member of the Vancouver literary community. She has published 4 books of poetry, short fiction and literary translations of English works. For 2015-2016, she is the writer-in-home on the public library in Regina, Saskatchewan, a metropolis she admires for “its openness to ethnic diversity and multiculturalism.” Given her overseas accent, she has often encountered prejudices as a poet in Canada. “In each and every presentation I give, there's at least one grownup who asks me if I first write in Farsi and then translate into English,” she says. in keeping with Shidmehr, some americans deal with language “as their territory” and distrust immigrants’ skill to write down and even consider in a 2d language. This attitude has further motivated her to share her own event, as well as all immigrants’ “pathos of belonging–non-belonging” in their fight to adapt to a brand new country. Shidmehr describes her own observations of this fight in her poem “Globalization,” wherein she notes general particulars while using a bus, together with “The Vancouver sun spread / on an Indian girl’s lap proclaims:? / ?56 people had been killed / on a ?bus in Iraq.” because the chinese-Canadian driver stands on the brakes and avoids an accident, Shidmehr features that “we are, / still alive,” metaphorically and definitely moving ahead. devoid of English Robert Dziekanski died on the day ? of his touchdown ?in Vancouver, ? as an immigrant, just as a result of he couldn't talk in the language ? that, after fifteen years, ?animates my Iranian tongue, devoid of considering.? however what caught my eye, ? looking at the scene on The countrywide, ? have been his legs,? soundlessly ? quivering on the white ground. ? I imagine his mother?’?s eyes glued ?? to customs doors?, ?opening and closing ?? each time somebody ???passed via?.?? meanwhile her son?,? trapped at the back of the doorways?, ?wandered via signals ?incomprehensible like?? strangers who could not reveal him ? his method out?.? It changed into when he begun? shouting his frustration at a laptop in a language distinctive than ? the one on the monitors —? a tongue that not one of the three ? law enforcement officials could take note. ? Neither may study the arms Robert later half-raised ? earlier than attempting to show around ? far from the pointed Tasers.? without English, Dziekanski additionally couldn't read ?the unbending sentence ? despatched through his physique.? — Nilofar Shidmehr Anna Yin. Anna Yin. Anna Yin In her domestic country of China, Anna Yin earned a bachelor of science degree from Nanjing tuition and labored for Apple. After landing in Canada in 1999, she persisted to work in the IT box for more than 16 years. however, like Shidmehr, her profession path modified. She started writing poetry in English and got a creative writing certificate from the tuition of Toronto. in line with Yin, this experience has introduced her a way of freedom and superior understanding of her new nation. “Poetry linked me with my internal world and also opened for me the broader group in Canada,” she says. Her poetry is defined by way of an easy trend and the strange standpoint of a laptop professional who expresses her emotions in a 2nd language. It also echoes immigrants’ complicated experience, from caring about losing their goals to feeling their tongues become numb “in a dead knot” to keeping their heads up to “plough a new direction.” Yin has contributed to national and foreign magazines, authored six poetry books, and has won a number of poetry awards, together with the Mississauga Arts Council’s MARTY Literary Arts Award in 2010 and 2014. She turned into also featured within the 2013-2014 Poetry in Transit challenge, the place her poetic voice additional turn into part of her new neighborhood. Her poem “still existence” become displayed on seven-hundred buses in 13 cities across Canada, sharing the deserve to make new reminiscences: “When the wall grows over-crowded, / ancient photos are eliminated one after the other.” Yin also often gives workshops and readings throughout Canada, whereas her “Poetry Alive” events combine poetry, laptop arts and audience participation. Yin is now Mississauga’s inaugural poet laureate and the Ontario representative of the League of Canadian Poets. She has completely embraced her voice, which has helped her reinvent and assert herself in a new environment and a new tradition: “Even with gaps between, / I decide / … here is my voice.” My Accent it is charming. I guarantee you, I assure myself;and judge to trust so. Languages have colours.I wish to demonstrate you my gentle blue. however you cut off with fork and knife, faster than my chopstick faucets. My accent grows bushes,trails and winding roads to westcoast panorama.It points to the open sky;yet clouds are too heavyand kind raindrops. My papers bring together themthen dry in silence.I actually have hesitated many timesbefore speaking;now it develops enamel. Even with gaps between, I make a decision … here's my voice. — Anna Yin Amatoritsero Ede. Photo by John W. MacDonald Amatoritsero Ede. photograph via John W. MacDonald Amatoritsero Ede Amatoritsero Ede is a scholar and an internationally award-winning poet born in Nigeria. He left his domestic nation for Germany in 1994, the place he attended the university of Hannover, and then moved to Canada in 2002, to continue his training, earning a PhD in English from Carleton institution in Ottawa in 2013. He won the African Okigbo Prize for Literature together with his first poetry assortment, A author’s Pains (Yeti Press, 1998 and Oracle Books, 2002). His 2nd collection, Globetrotter and Hitler’s babies (Akashic Books, 2009), turned into nominated for the 2013 Nigerian Literature Prize. Ede did not encounter any difficulties in writing in English after moving to Canada since it is his first language and mother tongue. Yet, due to its colonial roots in Nigeria, in his poem, “talking in Tongues,” he refers to English as his “step-mom tongue” through which he occasionally loses his linguistic id: “if I dare / to appoint and vent / my alpha / wager / in English / I become a babble / of accents.” Ede’s immigrant experiences, each in Germany and in Canada, commonly come up in his work, as if urgent upon him to be expressed, however he admits that it may also be elaborate for rookies to get their work posted. “Publishers might count on that the immigrant creator is a new creator as a result of they're ignorant of your previous work or achievements,” he explains. So he plugged into his own “very broad and international network of writers and publishers” to submit his second collection of poems in big apple. To open up alternatives for immigrant in addition to non-immigrant Canadian writers, Ede then situated the on-line literary journal, Maple Tree Literary supplement (MTLS). he's at present the MTLS’s writer and managing editor, as neatly because the INPUTS author-in-house at the college of Bremen in Germany. Globetrotter (selections) d what does the limitless north american sky exhibit like these intercourse-employees in amsterdam’s love quarters she says comfortably i'm extensive open so the road motor vehicle turns into a tram in gradual phallic rush on lan van meerdevort in the hague flirting foolishly with the horizon the pink-mild flashes where there aren't any crimson-gentle districts the streetcar stops to gaze at enthusiasts trundling down the avenue down dundas heavy with love and its weights to eaton middle where hearts pump greater round from the fondling and folding of love’s caress e amongst the smash and jazz of the historical distillery younger Toronto steps outside of troy in full teenage glare hair streaked with lightening as a result of a girl smells stronger… she brushes a suitor’s kiss and the solar off her thundering epidermis the place all colorations meet — Amatoritsero Ede Ayesha Chatterjee Ayesha Chatterjee Ayesha Chatterjee Born and raised in Kolkata, India, Ayesha Chatterjee lived in Germany for two a long time earlier than deciding she desired to flow to an English-speaking nation to pursue her writing at knowledgeable level. fortunately, her husband is Canadian, and they settled in Toronto. Chatterjee grew up reading and writing poetry in English, so, after arriving in Canada in 2010, she “went lower back to instinctively thinking in English.” but it surely nevertheless felt like a tremendous change, which resulted in “lots of soul browsing,” she says. consequently, her 2d immigration journey became to her “a mine of notion — every little thing become new!” Her first collection of poetry, The clarity of Distance (Bayeux Arts, 2011), talks about leaving Germany and relocating to Canada, but additionally about India, reminiscence and nostalgia. Chatterjee considers herself lucky to have found a publisher within her first yr in Canada. a friend of her father requested for a sample of her work, and “that’s the way it started.” however, later on, it wasn’t as easy to find out about readings, literary magazines, whom to contact. Like with most immigrant writers, her previous work in other nations didn’t assist. “no person knew who i used to be, and that concerns too, very a great deal.” up to now, she has posted poems in a couple of magazines and is currently president of the League of Canadian Poets. besides the fact that after six years, Chatterjee stills feels there’s a great deal to learn, she’s positive. Her suggestions to different immigrant poets is to be persistent, but also respect what makes Canada wonderful. “The undeniable fact that you can be Canadian and even be from elsewhere on earth capability so that you can draw from your cultural heritage and it will be embraced,” she says. “trust in this.” Portent I didn’t be aware the language so I bought an eight-fingered celebrity as a gift. When crushed, i'm instructed, it smells illicit. We laid it on the table courteously and became the aspects like a compass. On an extra day, in a different nation, I requested for a fruit. once I held it, smoky as liquorice, within the palm of my hand, i believed, oh no, no longer once more. — Ayesha Chatterjee Unquestionably it is hard assignment to pick dependable certification questions/answers assets regarding review, reputation and validity since individuals get sham because of picking incorrectly benefit. Killexams.com ensure to serve its customers best to its assets concerning exam dumps update and validity. The vast majority of other's sham report dissension customers come to us for the brain dumps and pass their exams joyfully and effortlessly. We never trade off on our review, reputation and quality on the grounds that killexams review, killexams reputation and killexams customer certainty is imperative to us. 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