Oracle 1z1-415 : Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

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Oracle 1z1-415 Exam Syllabus Topics:

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

1. Which product type would you choose for moving funds from one account to another beyond a predefined level? (Choose the best answer.)

A) sweep out transaction ons
B) standing payment orders
C) standing collection orders
D) variable payment transactions

2. In which depreciation method does the amount of depreciation provided by a bank on a fixed asset not remain constant throughout the useful life of the asset? (Choose the best answer.)

A) straight line method
B) activity depreciation method
C) sum of digits depreciation method
D) wntten down value

3. Which two are possible matching types for reconciliation? (Choose two.)

A) replicated
B) identical
C) confirmed
D) suggested

4. What benefit does an exporter get when asking for a documentary credit (LC) to be confirmed by the advising or negotiating bank? (Choose the best answer.)

A) Confirmation of the LC ensures that the goods that are exported are of very high quality.
B) There is no benefit. LC confirmation is a practice that banks follow to earn more revenue.
C) After confirming the LC, the advising or negotiating bank will pay or promise to pay against presented documents, which after checking are found to be as
D) Confirmation of the LC removes all discrepancies in the documents submitted.

5. The status of an installment changes from Normal to Past Due Obligation. A bank wants to levy a charge of $5 USD on it. How can the charge be defined and levied?(Choose the best answer)

A) Define the charge as a component at the Product level and link it on the Loan Account Charges screen.
B) Define the charge as an UDE and link it at the Installment level status change
C) Define the charge as a component at the Product Component Class level Default the component by mapping the Component Class to the Product and link the charge component at the Installment level status change.
D) Define the charge as a component at the Product Component Class level and link it at the Account level status change.

Solutions: