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Oracle 1z1-415 Exam Syllabus Topics:

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

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

2. For a revolving-in-time LC that was issued on January 1,2014 with a reinstatement frequency of 60 days, what would be the next reinstatement date? (Choose the best answer.)

A) February 28, 2014
B) March 1.2014
C) March 2. 2014
D) None. LCs cannot revolve in time.

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 collection orders
B) standing payment orders
C) sweep out transaction ons
D) variable payment transactions

4. 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) Minimum, Maximum, and Standard
B) Minimum
C) Maximum
D) Standard

5. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) The account is credited.
B) The account is debited.
C) it depends on the currency being purchased.
D) it depends on whether the customer account is Savings or Current.

Solutions: