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Oracle 1z0-415 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Basic Instructions and Retail Telling | - Retail Teller Operations
|
| Bills and Collections | - Bills Processing
|
| Fixed Assets, Expenses, and Lending | - Lending and Asset Management
|
| Letters of Credit and Nostro Reconciliation | - Trade Finance Operations
|
| Money Market, Foreign Exchange, and Funds Transfer | - Treasury and Transfer Operations
|
Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
1. What does the product type "b" on the Lc product Definition screen stand for? (Choose the best answer.)
A) Shipping Guarantee
B) Usance payment LC
C) Reimbursement type LC
D) Standby LC
E) Secured LC
2. A bank uses the tracer function in the Bills module to send automatic swift tracer messages that seek acceptance of usance bills. The bank's requirement is that the sending of tracers should be stopped after receiving an acceptance message.
How should you handle this? (Choose the best answer.)
A) Unlock the bill contract and input the "acceptance message date," which will stop additional tracers.
B) Select the "auto tracer stop' option at the Bill product level.
C) Upload the incoming Acceptance message" into the bill contract by using the straight through processing option.
D) Unlock the bill contract and select the "stop tracer option.
3. Which product type would you choose for moving funds from one account to another beyond a predefined level? (Choose the best answer.)
A) standing payment orders
B) standing collection orders
C) sweep out transaction ons
D) variable payment transactions
4. 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.
5. Which statement is true about a change of operation for an export bill that is not under LC? (Choose the best answer.)
A) Only a change of operation from collection to purchase is supported directly for an export bill that is not under LC.
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) Change of operation from collection to discount is supported only for LC-based transactions.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: A |
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