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Oracle 1z1-415 Exam Syllabus Topics:

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

1. If an Outgoing Request for a debit transaction is approved, what would it result in? (Choose the best answer.)

A) incoming direct debit
B) outgoing payment
C) incoming payment C outgoing direct debit

2. Back-to-back LC contracts can be handled in Oracle FLEXCUBE. Which statement is true about a back-to-back LC? (Choose the best answer.)

A) All active and authorized export LCs are available for linkage, irrespective of different counter parties.
B) it is possible to enable the back-to-back flag only for an export LC.
C) Amendment, cancellation, or close of an export LC that is linked to an import LC is not possible.
D) An export LC can be linked to only one import LC.

3. Identify the SWIFT message that the system generates on successful creation of an LC
contract. (Choose the best answer.)

A) MT760
B) MT734
C) MT700
D) MT710

4. A Letter or Credit issue can be confirmed by a bank. Which bank confirms a Letter or Credit (Choose the best answer?)

A) the collecting bank
B) the confirming bank
C) the paying bank
D) the advising bank

5. Assuming that a bank entered into a USD Spot Deal with a customer on Monday, January 15, and that there are no holidays during the week, on which date will the transaction be settled in the system? (Choose the best answer.)

A) as per the Spot days maintained on the Bank Parameters screen
B) as per the Spot days maintained on the Currency Pair Definition screen for USD
C) as per the Spot days maintained on the Currency Definition screen for USD
D) as per the Spot days maintained on the Branch Parameters screen

Solutions: