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Yes, it should be enough if you do "Generate Database" job only once if you plan to do local "Database Extract" in the same day, otherwise after some time there can be some changes which would require to do "Generate Database" again.
Thanks for the response. One more query. What are those changes that would be after a day on Generate DB job?
As per oracle documentation -> http://docs.oracle.com/cd/B31104_02/books/RRAdm/RRAdmRM_RemoteConcpts12.html
"The Generate New Database component creates the local database template for a given database schema version. The component reads the database schema definition from the Siebel repository, then creates Siebel tables and indexes in a database template file stored on the Siebel Remote server in the dbtempl subdirectory."
Basically after any changes in schema you should run "Generate New Database" job again. That was the reason why I mentioned about generating it again.
Thanks for your response. I am clear now. Thanks for the help