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Oracle 1z1-415 Exam Syllabus Topics:

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

1. What would be Ihe status of a request for a debit transaction if it is not approved within the specified response time? (Choose the best answer)

A) settled
B) rejected D recalled
C) closed

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

3. In the Lending Product FRCLPROD, INTEREST_RATE is attached to a Rate Code LIBOR. The LIBOR changes daily, resulting in UDE value changes. The product configuration requires that INTEREST_RATE is linked to LIBOR as on the date of creation for the next X years (X varies for different customers) and be changed thereafter.
Which option best satisfies this requirement? {Choose the best answer.)

A) Create different products for each of the X variants.
B) Create different Rate Codes for each of the X periods
C) Such a product code cannot be defined without code changes
D) Use the already created Rate Code (attached to LIBOR) and have a Rate Revision Schedule, which changes after X years

4. In LC Product Maintenance, different product types can be maintained. Which product type should be used if the LC is not backed by documents? (Choose the best answer)

A) Clean LC
B) Standby Guarantee
C) Export LC
D) import LC

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

Solutions: