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Oracle 1z1-415 Exam Syllabus Topics:

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

Question 1

A bank would like to give the option of bill discounting to an exporter against 100 percent collateral in the form of deposits. On which tab of the contract screen would you input the collateral details9 (Choose the best answer.)

A. linkages
B. settlement
C. collateral
D. fields

Question 2

In which three fields must data be identical for the system to pass consolidated accounting entries for Multi Credit Transfer? (Choose three.)

A. Product Code
B. ordering i institution
C. receiver
D. Rate as of Date

Question 3

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. straight line method
C. written down value

Question 4

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 select the "stop tracer option.
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 input the "acceptance message date," which will stop additional tracers.

Question 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. it depends on whether the customer account is Savings or Current.
C. it depends on the currency being purchased.
D. The account is debited.

Solutions: