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Oracle 1z0-415 Exam Syllabus Topics:

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

1. Which statement is true about a change of operation for an export bill that is not under LC? (Choose the best answer.)

A) a non-LC collection bill can be unlocked and the operation code can be changed from collection to discount if the same is allowed at the product level
B) Change of operation from collection to discount is supported only for LC-based transactions.
C) a non-LC collection bill must be liquidated first and on the same day and a discounted bill must be booked separately, in order to handle change of operation
D) Only a change of operation from collection to purchase is supported directly for an export bill that is not under LC.

2. A usance import bill that is not under a Letter of Credit has been received for 510,000 USD. The drawer has not made a payment for the bill. The drawer has requested the collecting bank (importer's bank) to protest on the drawer's behalf. What event should be attached to support this function'? (Choose the best answer.)

A) CLOS
B) AMND
C) REFP
D) PRNP

3. What does the product type "b" on the Lc product Definition screen stand for? (Choose the best answer.)

A) Reimbursement type LC
B) Shipping Guarantee
C) Usance payment LC
D) Secured LC
E) Standby LC

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

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

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

Solutions: