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Oracle 1z1-415 Exam Syllabus Topics:

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

1. Which maintenance can a teller use to make the exchange rate picked by a system in a transaction non-amendable? (Choose the best answer.)

A) Function Group detail
B) Transaction Code maintenance
C) Function Workflow definition detail
D) ARC maintenance

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

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

3. What benefit does an exporter get when asking for a documentary credit (LC) to be confirmed by the advising or negotiating bank? (Choose the best answer.)

A) After confirming the LC, the advising or negotiating bank will pay or promise to pay against presented documents, which after checking are found to be as
B) Confirmation of the LC ensures that the goods that are exported are of very high quality.
C) There is no benefit. LC confirmation is a practice that banks follow to earn more revenue.
D) Confirmation of the LC removes all discrepancies in the documents submitted.

4. 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

5. Which two statements are true in defining a Reconciliation Class? (Choose two.)

A) Incorporate many rules into a class.
B) Match rule sequence is insignificant
C) Define the external account.
D) indicate whether the matching type is Mirroring or Replication.

Solutions: