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Oracle 1z1-415 Exam Syllabus Topics:

Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:

1. Which three operations are not allowed for a product with the Discounted Straight Line method of revaluation? (Choose three.)

A) cancellation
B) partial payment
C) rollover
D) limits tracking

2. Transfer of an LC can be performed in Oracle FLEXCUBE. Which statement is true about a transferable LC? (Choose the best answer)

A) A transferred LC can be transferred at the request of a second beneficiary to any subsequent beneficiary.
B) a transferable LC is where, at the request of a beneficiary (first beneficiary), the LC is made available in whole or in part to another beneficiary (second beneficiary)
C) It is not possible to initiate the transfer of an LC to more than one secondary beneficiary on behalf of the primary or original beneficiary
D) Change of parties is allowed for the old LC contract, as well as the new transferred LC contract

3. What does the system do when a future value dated deal is entered? (Choose the best answer.)

A) it does not pass accounting entries on the day of booking the contract.
B) it does not book future dated accounting entries.
C) User defines accounting entries on the Value Date.
D) it passes accounting entries on the day of booking the contract.

4. Which liability is reduced in the system on booking a bill under a Letter of Credit opened by a customer? (Choose the best answer.)

A) Collection liability
B) Bill liability
C) Acceptance liability
D) LC liability

5. Where should you configure Spot Days for deals? (Choose the best answer.)

A) in the Branch Level parameter
B) in the foreign exchange Products Level parameter
C) in the Currency Level parameter
D) in the Bank Level parameter

Solutions: