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Oracle 1z1-415 Exam Syllabus Topics:

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

1. Which statement is true about a change of operation for an export bill that is not under LC? (Choose the best answer.)

A) Change of operation from collection to discount is supported only for LC-based transactions.
B) a non-LC collection bill can be unlocked and the operation code can be changed from collection to discount if the same is allowed at the product level
C) a non-LC collection bill must be liquidated first and on the same day and a discounted bill must be booked separately, in order to handle change of operation
D) Only a change of operation from collection to purchase is supported directly for an export bill that is not under LC.

2. In a particular depreciation method, the amount of depreciation provided by a bank on a fixed asset remains constant throughout the useful life of the asset. Which is this method? (Choose the best answer)

A) activity depreciation method D sum of digits depreciation method
B) written down value
C) straight line method

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) MT740
D) MT747

4. In trade finance, forfaiting involves the purchase of receivables from exporters. Which statement is true about forfaiting in the Bills module of Oracle FLEXCUBE? (Choose the best answer.)

A) The system will not allow forfaiting as an operation while creating a product Only a change of operation to forfaiting is allowed.
B) Forfaiting is allowed as a new operation at the Bill Contract level.
C) A separate menu operation for forfaiting is introduced that can be mapped to a bill product
D) A new operation "forfaiting11 has been introduced at the product level

5. Which two statements are true about a Reconciliation Class? (Choose two.)

A) a Reconciliation Class type is both Mirror and Replication.
B) a Reconciliation Class type can be Mirror or Replication.
C) a rule sequence number is entered manually for the rules that are attached to a Reconciliation Class.
D) Several rules constitute a Reconciliation Class.

Solutions: