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Oracle 1z1-415 Exam Syllabus Topics:

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

1. 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 Asset Management
B) Fixed Asset and Teller
C) Fixed Asset and Expense Processing
D) Fixed Asset and Allocation

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

3. Assume that the documents presented under a sight LC are not discrepant. When will the negotiating bank pay the exporter after presentation of these documents?

A) after obtaining confirmation from the LC issuing bank
B) within two working days
C) within five working days
D) immediately

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

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

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

Solutions: