Oracle 1z1-415 : Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

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Oracle 1z1-415 Exam Syllabus Topics:

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

Question 1

How many charge rules can be associated with a funds transfer product code? (Choose the best answer)

A. nil
B. one
C. as many as possible
D. two

Question 2

A bank has entered into a foreign exchange forward contract with an exporter This forward exchange rate needs to be picked up by the system for all export bills handled for this exporter Which option satisfies this requirements (Choose the best answer.)

A. Create a foreign exchange forward contract in the Foreign Exchange module of Oracle FLEXCUBE Use the user-defined fields to capture the exchange rate
B. Capture the forward exchange rate on the Bill Contract screen. There is no need to create a foreign exchange contract.
C. Create a foreign exchange forward contract in the Foreign Exchange module of Oracle FLEXCUBE and link the same to the bill contract
D. Create a separate bill product and foreign exchange product for handling this requirement

Question 3

Which liability is reduced in the system on booking a bill under a Letter of Credit opened by a customer? (Choose the best answer.)

A. LC liability
B. Acceptance liability
C. Collection liability
D. Bill liability

Question 4

What is the maximum number of charges that can be attached to a Retail Teller product? (Choose the best answer.)

A. unlimited
B. four
C. three
D. five

Question 5

In case an auto authorization limit is not specified in PC Source Parameter Maintenance, what would happen to transactions that belong to the customer, source, and product category combination'? (Choose the best answer.)

A. The transactions are automatically directed to a referral queue
B. The transactions are rejected
C. The transactions must be manually authorized.
D. The transactions are automatically authorized on upload.

Solutions: