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Oracle 1z1-415 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Letters of Credit and Nostro Reconciliation | - Trade Finance Operations
|
| Topic 2: Money Market, Foreign Exchange, and Funds Transfer | - Treasury and Transfer Operations
|
| Topic 3: Basic Instructions and Retail Telling | - Retail Teller Operations
|
| Topic 4: Bills and Collections | - Bills Processing
|
| Topic 5: Fixed Assets, Expenses, and Lending | - Lending and Asset Management
|
Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
A customer wants to set up utility bill payment. What product type must you select? (Choose the best answer.)
- A. variable payment orders
- B. sweep out transactions
- C. standing payment orders
- D. standing collection orders
Correct Answer: A 🗳️
An exporter intends to bid for a software project in another country. What kind of facility should the exporter avail of a bank in order to participate in the bidding? (Choose the best answer.)
- A. Letter of Credit
- B. Indemnity
- C. Guarantee
- D. Deposits
Correct Answer: C 🗳️
Oracle FLEXCUBE offers inbuilt and automatic linkage between various modules. Identify the correct linkage that is applicable to the Fixed Asset (FA) module. (Choose the best answer)
- A. Fixed Asset and Teller
- B. Fixed Asset and Expense Processing
- C. Fixed Asset and Asset Management
- D. Fixed Asset and Allocation
Correct Answer: B 🗳️
Which three options are available in the Rate As On field on the Funds Transfer Product Preference screen? (Choose three.)
- A. Amend Date
- B. Value Date
- C. Spot Date
- D. Booking Date
Correct Answer: B,C,D 🗳️
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. Such a product code cannot be defined without code changes
- B. Create different products for each of the X variants.
- C. Create different Rate Codes for each of the X periods
- D. Use the already created Rate Code (attached to LIBOR) and have a Rate Revision Schedule, which changes after X years
Correct Answer: D 🗳️
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