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Oracle 1z1-415 Exam Syllabus Topics:

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

1. 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) None. LCs cannot revolve in time.
C) March 2. 2014
D) March 1.2014

2. The system allows the Match Status to be Open, Suggested, or Closed. Which two statements are true about Match Status of Suggested? (Choose two.)

A) The suggested entires can be modified.
B) The suggested entries can be confirmed.
C) The suggested entries cannot be rejected.
D) The suggested entries can be rejected.

3. A Forward Buy Contract is opened on January 1,2014 with a product of type Forward, which supports the Option Date feature and a maximum tenor of 12 months. Which three options can this Contract be opened with? (Choose three.)

A) Contract Value Date = October 31.2014; Option Date = October 31.2014
B) Contract Value Date = January 1, 2014; Option Date = November 30, 2014
C) Contract Value Date = January 1, 2014; Option Date = January 15.2014
D) Contract Value Date = December 31. 2014; Option Date = December 25, 2014

4. Merchandise can be classified and maintained in Oracle FLEXCUBE. Where would you maintain the merchandise that is involved in a trade transaction with an underlying LC? (Choose the best answer.)

A) Commodity Code maintenance
B) Documents maintenance
C) INCO terms maintenance
D) Merchandise code maintenance

5. In which depreciation method does the amount of depreciation provided by a bank on a fixed asset not remain constant throughout the useful life of the asset? (Choose the best answer.)

A) straight line method
B) wntten down value
C) sum of digits depreciation method
D) activity depreciation method

Solutions: