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Oracle 1z1-415 Exam Syllabus Topics:

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

1. Which three operations are not allowed for a product with the Discounted Straight Line method of revaluation? (Choose three.)

A) limits tracking
B) cancellation
C) rollover
D) partial payment

2. A bank wants payment fate tracers to be generated automatically by the system. To which event should this tracer be attached and what is the name of this advice?

A) TPFT event and PAYMNTFATE_TRCR advice
B) TDIS event and PAYMNTFATE_TRCR advice
C) TDIS event and DISCAPPRVLJRCR advice
D) TPFT event and RESERVE_RELEASE advice

3. During liquidation of Teller transactions, if the system detects insufficient funds in an account, the subsequent credit that happens to the settlement account needs to be blocked. How is this achieved in the system? (Choose the best answer.)

A) by enabling the overdraft facility
B) by enabling cash GL (General Ledger) posting
C) by enabling auto liquidation
D) by enabling track receivable

4. Different parties are involved when an import LC is issued. Which group of parties are involved while booking an import LC transaction? (Choose the best answer)

A) the applicant, the beneficiary, and the advising bank
B) the applicant, the beneficiary, and the issuing bank
C) the applicant and the advising bank
D) the applicant and the issuing bank

5. A trade agreement stipulates that a seller is responsible for securing export clearance and for placing the goods on board a ship in the seller's country. From that point forward, the cost relating to the freight, transit insurance, and clearing of goods for import are the buyer's responsibility.
Which INCO term would suit this situation? (Choose the best answer.)

A) Free on Board (FOB)
B) Cost, Insurance, and Freight (CIF)
C) Free Alongside Ship (FAS)
D) Cost and Freight (CFR)

Solutions: