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Oracle 1z1-415 Exam Syllabus Topics:

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

1. Identify the SWIFT message that the system generates on successful creation of an LC
contract. (Choose the best answer.)

A) MT710
B) MT700
C) MT734
D) MT760

2. A back-dated loan is initiated and "Liquidate Back Valued Schedules" is set to Yes at the account level. Which statement is true? (Choose the best answer.)

A) Accounting entries related to an Accrual event for back-dated schedules are passed when the account is saved. However, accounting entries for an ALIQ event for back-dated schedules are passed when the loan account is authorized
B) Accounting entries related to an Accrual event and an ALIQ event for back-dated schedules are passed when the loan account is saved.
C) Accounting entries related to an Accrual event for back-dated schedules are passed when the account is saved. However, accounting entries for an ALIQ event for back-dated schedules are passed only during EO
D) Accounting entries related to an Accrual event and an ALIQ event for back-dated schedules are passed only during EOD

3. What does a teller use Transfer Cash From Vault for? (Choose the best answer.)

A) to buy cash and travelers' cheques
B) to sell only cash
C) to buy only cash
D) to sell cash and travelers' cheques

4. Back-to-back LC contracts can be handled in Oracle FLEXCUBE. Which statement is true about a back-to-back LC? (Choose the best answer.)

A) An export LC can be linked to only one import LC.
B) it is possible to enable the back-to-back flag only for an export LC.
C) Amendment, cancellation, or close of an export LC that is linked to an import LC is not possible.
D) All active and authorized export LCs are available for linkage, irrespective of different counter parties.

5. Identify the format in which the number of original documents is input. (Choose the best answer.)

A) n/n
B) nn/n
C) nn
D) n

Solutions: