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Oracle 1z0-415 Exam Syllabus Topics:

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

1. A bank wants to include the user reference number that is generated from the money market module in Swift messages. Where is this defined? (Choose the best answer.)

A) Money Market Bank Parameter
B) Money Market Branch Parameter
C) Money Market Contract
D) Money Market Product

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

3. In Landing Module, what are Settlement Bridge General Ledgers used to handle? (Choose the best answer.)

A) adjustment entries
B) multiple modes of settlement
C) multiple disbursement schedules
D) suspense entries

4. Merchandise can be classified and maintained in Oracle FLEXCUBE. Where would you maintain the merchandise that is involved in a trade transaction with an underlying LC? (Choose the best answer.)

A) Merchandise code maintenance
B) Documents maintenance
C) INCO terms maintenance
D) Commodity Code maintenance

5. Home loans are given at a fixed interest rate of 10%. The rate now must be increased to 11 %. How can this be done in the system? (Choose the best answer.

A) by unlocking the loan account and changing the value on the Interest tab
B) by changing the rate value in Loan Account UDEs
C) by amending the UDE value on the Value Dated Amendment screen
D) by changing the interest rate on the UDE values screen

Solutions: