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Oracle 1z1-415 Exam Syllabus Topics:

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

1. Assuming that a bank entered into a USD Spot Deal with a customer on Monday, January 15, and that there are no holidays during the week, on which date will the transaction be settled in the system? (Choose the best answer.)

A) as per the Spot days maintained on the Branch Parameters screen
B) as per the Spot days maintained on the Bank Parameters screen
C) as per the Spot days maintained on the Currency Definition screen for USD
D) as per the Spot days maintained on the Currency Pair Definition screen for USD

2. Tenors can be maintained at the LC product level and defaulted at the contract level. Which tenor maintained on the Product Preference screen would default at the contract level'? (Choose the best answer.)

A) Maximum
B) Minimum
C) Standard
D) Minimum, Maximum, and Standard

3. 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) MT742
C) MT747
D) MT740

4. Events and accounting entries are define in the product definition, i ne accounting entries in events are not mandatory tor a configured bi Product. A business user updates the Contract status manually to amend the payment status for the contracts under this SI Product.
Which SI Product is used to book a Contract to track only the payment status? (Choose the best answer.)

A) Payment
B) Sweep (in and out)
C) Variable Payment
D) Collection

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

Solutions: