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The second part of the ACAUD HRS exam focuses on advanced rehabilitation techniques and clinical practices in hearing rehabilitation. Topics include complex cases, troubleshooting hearing aids, cochlear implant programming, auditory processing disorders, £55.29
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The second part of the ACAUD HRS exam focuses on advanced rehabilitation techniques and clinical practices in hearing rehabilitation. Topics include complex cases, troubleshooting hearing aids, cochlear implant programming, auditory processing disorders,
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This practice exam prepares candidates for the Avaloq Certified Customization Professional certification. It focuses on Avaloq's banking platform, including customizing the system to meet specific client needs. Topics include Avaloq scripting, data modeling, UI customization, reporting, and integra...
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ACCPC-2023H1 Avaloq Certified Customization
Professional with Major in Core Technologies
1. What is the primary purpose of the Avaloq Banking Suite?
A) To manage customer relationships
B) To handle financial transactions and banking operations
C) To track employee performance
D) To design marketing strategies
Answer: B) To handle financial transactions and banking operations
Explanation: The Avaloq Banking Suite is primarily designed to handle various financial
transactions and banking operations efficiently, providing a comprehensive platform for
managing banking services.
2. Which of the following is a core component of the Avaloq Banking Suite?
A) Customer Relationship Management (CRM)
B) Human Resource Management (HRM)
C) Core Banking System (CBS)
D) Enterprise Resource Planning (ERP)
Answer: C) Core Banking System (CBS)
Explanation: The Core Banking System (CBS) is a fundamental component of the Avaloq
Banking Suite, facilitating core banking operations such as account management, transaction
processing, and financial reporting.
3. What type of architecture does the Avaloq Banking Suite typically use?
A) Cloud-based architecture
B) On-premise architecture
C) Hybrid architecture
D) Peer-to-peer architecture
Answer: B) On-premise architecture
Explanation: Traditionally, the Avaloq Banking Suite uses an on-premise architecture,
where the software is installed and managed on the client’s own servers. However, cloud-
based solutions are also increasingly offered.
4. Which module in the Avaloq Banking Suite is responsible for transaction
processing?
A) CRM Module
B) Payments Module
C) Risk Management Module
D) Accounting Module
Answer: B) Payments Module
1
, ACCPC-2023H1 Avaloq Certified Customization
Professional with Major in Core Technologies
Explanation: The Payments Module handles transaction processing within the Avaloq
Banking Suite, managing various types of payments and ensuring their accurate processing.
5. What does the Avaloq Banking Suite’s Core Banking System primarily
manage?
A) Customer service operations
B) Financial reporting and analytics
C) Banking operations and transactions
D) Marketing campaigns
Answer: C) Banking operations and transactions
Explanation: The Core Banking System within the Avaloq Banking Suite is focused on
managing banking operations and transactions, including account management, transaction
processing, and more.
6. How does the Avaloq Banking Suite ensure regulatory compliance?
A) By integrating with third-party compliance tools
B) Through built-in regulatory compliance features
C) By outsourcing compliance management to external agencies
D) Through periodic manual audits
Answer: B) Through built-in regulatory compliance features
Explanation: Avaloq Banking Suite incorporates built-in features to ensure regulatory
compliance, helping banks adhere to relevant regulations and standards without needing
separate tools.
7. Which of the following best describes the customization capabilities of the
Avaloq Banking Suite?
A) Limited customization with predefined templates
B) Extensive customization through a flexible development framework
C) Customization limited to user interface changes
D) No customization options available
Answer: B) Extensive customization through a flexible development framework
Explanation: The Avaloq Banking Suite offers extensive customization capabilities through
its flexible development framework, allowing institutions to tailor the system to their specific
needs.
8. What is a key benefit of using the Avaloq Banking Suite for financial
institutions?
A) Decreased operational efficiency
B) Increased manual processing
2
, ACCPC-2023H1 Avaloq Certified Customization
Professional with Major in Core Technologies
C) Streamlined banking operations and improved efficiency
D) Limited integration with other systems
Answer: C) Streamlined banking operations and improved efficiency
Explanation: One of the main benefits of the Avaloq Banking Suite is its ability to
streamline banking operations and improve efficiency through automation and integrated
processes.
9. Which module of the Avaloq Banking Suite focuses on customer account
management?
A) Investment Module
B) Loan Module
C) Customer Module
D) Payment Module
Answer: C) Customer Module
Explanation: The Customer Module is dedicated to managing customer accounts, including
account creation, maintenance, and customer service activities.
10. What is the role of the Risk Management Module in the Avaloq Banking
Suite?
A) Managing customer relationships
B) Processing payments
C) Assessing and mitigating financial risks
D) Handling marketing strategies
Answer: C) Assessing and mitigating financial risks
Explanation: The Risk Management Module helps assess and mitigate financial risks,
ensuring that banking operations are conducted in a risk-aware manner.
11. In the context of the Avaloq Banking Suite, what is the purpose of
financial reporting?
A) To track employee performance
B) To provide insights into financial operations and performance
C) To manage customer complaints
D) To design new banking products
Answer: B) To provide insights into financial operations and performance
Explanation: Financial reporting within the Avaloq Banking Suite provides insights into
financial operations and performance, helping institutions monitor and analyze their financial
health.
12. How does the Avaloq Banking Suite support multi-currency operations?
3
, ACCPC-2023H1 Avaloq Certified Customization
Professional with Major in Core Technologies
A) By providing a single currency support only
B) Through integration with external multi-currency platforms
C) By offering built-in multi-currency processing capabilities
D) By manually adjusting currency rates
Answer: C) By offering built-in multi-currency processing capabilities
Explanation: The Avaloq Banking Suite includes built-in capabilities for multi-currency
processing, allowing institutions to handle transactions in different currencies seamlessly.
13. What is the primary function of the Accounting Module in the Avaloq
Banking Suite?
A) Managing customer service requests
B) Handling financial transactions and ledger management
C) Conducting market research
D) Performing employee evaluations
Answer: B) Handling financial transactions and ledger management
Explanation: The Accounting Module focuses on handling financial transactions and ledger
management, ensuring accurate financial records and reporting.
14. How does the Avaloq Banking Suite facilitate integration with other
banking systems?
A) Through a proprietary integration protocol
B) By providing standard APIs and interfaces
C) By requiring manual data entry
D) By using external middleware only
Answer: B) By providing standard APIs and interfaces
Explanation: The Avaloq Banking Suite facilitates integration with other banking systems
by providing standard APIs and interfaces, enabling seamless data exchange and system
connectivity.
15. What type of user support does the Avaloq Banking Suite typically offer?
A) Only online help resources
B) In-person training and support
C) Comprehensive support including online resources, training, and dedicated support teams
D) Support limited to user manuals
Answer: C) Comprehensive support including online resources, training, and dedicated
support teams
Explanation: Avaloq provides comprehensive support for its Banking Suite, including online
resources, training programs, and dedicated support teams to assist users.
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