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Oracle 1z1-415 Exam Syllabus Topics:

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

1. 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) Change of parties is allowed for the old LC contract, as well as the new transferred LC contract
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) 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)

2. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) The account is debited.
B) it depends on whether the customer account is Savings or Current.
C) it depends on the currency being purchased.
D) The account is credited.

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

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

4. If an Outgoing Request for a debit transaction is approved, what would it result in? (Choose the best answer.)

A) incoming payment C outgoing direct debit
B) incoming direct debit
C) outgoing payment

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 and link it at the Account level status change.
D) 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.

Solutions: