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Oracle 1z1-415 Exam Syllabus Topics:

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

1. What does in-house cheque deposit refer to? (Choose the best answer.)

A) a bank depositing a cheque given by a customer of the bank into its own account
B) a customer of a bank depositing a cheque into the bank's GL account
C) a customer of a bank depositing a cheque into a related customer's account D a customer of a bank depositing a cheque of the same bank belonging to another customer into the account

2. Tenors can be maintained at the LC product level and defaulted at the contract level. Which tenor maintained on the Product Preference screen would default at the contract level'? (Choose the best answer.)

A) Maximum
B) Minimum
C) Minimum, Maximum, and Standard
D) Standard

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

4. Select two true statements about Liquidation mode. (Choose two.)

A) Liquidation mode can be Auto or Manual. If the Liquidation mode is Auto, it is applicable for all components of a product and can not be changed at the Loan account level.
B) if Liquidation mode is other than Auto or Manual, it can be set at the component level and can be changed at the Loan account level.
C) Liquidation mode can be Auto or Manual If Liquidation mode is Manual, it is applicable for all components of a product and cannot be changed at the Loan account level.
D) Liquidation mode can be Auto or Manual. If Liquidation mode is Auto, it is applicable for all components of a product and can be changed at the Loan account level

5. What does starting a customer session enable a bank user to do? (Choose the best answer.)

A) Record customer requests and complaints in the system.
B) Display various interest rates to a customer.
C) Demonstrate the bank's offerings to customers in simulated mode.
D) Automatically get a customer's customer number and account details in transactions.

Solutions: