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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) limits tracking
C) rollover
D) partial payment

2. Which statement is true about lodging export bills that are not under LC? (Choose the best answer.)

A) These are collection bills governed by URC 522. The system allows you to input and save any discrepancies noted for collection bills.
B) These are collection bills governed by URC 722. The system allows you to input and save any discrepancies noted for collection bills.
C) These are collection bills governed by URC 722. The system does not allow you to input and save any discrepancies noted for collection bills.
D) These are collection bills governed by URC 522. The system does not allow you to save a collection bill with discrepancies.

3. Identify two types of money market contracts where the maturity date is not input by a user. (Choose two.)

A) floating
B) fixed
C) call
D) notice

4. 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 an UDE and link it at the Installment level status change
B) Define the charge as a component at the Product Component Class level and link it at the Account 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 level and link it on the Loan Account Charges screen.

5. A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

A) MT752
B) MT747
C) MT740
D) MT742

Solutions: