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Oracle 1z1-415 Exam Syllabus Topics:

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

1. In LC Product Maintenance, different product types can be maintained. Which product type should be used if the LC is not backed by documents? (Choose the best answer)

A) Export LC
B) import LC
C) Standby Guarantee
D) Clean LC

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

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

3. A bank wants to charge depreciation tor an asset at the rate ot 20%, 30%, 25%, b%, and 20% tor the tirst year, second year, and so on till the last year How should you indicate this on the Depreciation Rule Mapping screen? (Choose the best answer.)

A) activity depreciation
B) rule-based
C) combination of rule-based and ad hoc
D) ad hoc

4. Select two true statements about Liquidation mode. (Choose two.)

A) Liquidation mode can be Auto or Manual. If the Liquidation mode is Auto, it is applicable for all components of a product and can not be changed at the Loan account level.
B) Liquidation mode can be Auto or Manual If Liquidation mode is Manual, it is applicable for all components of a product and cannot be changed at the Loan account level.
C) if Liquidation mode is other than Auto or Manual, it can be set at the component level and can be changed at the Loan account level.
D) Liquidation mode can be Auto or Manual. If Liquidation mode is Auto, it is applicable for all components of a product and can be changed at the Loan account level

5. Different events are triggered during the life cycle of an LC contract. Which event is triggered on issuance of an import LC t (Choose the best answer?)

A) BOOK
B) AVAL
C) BISS
D) REIN

Solutions: