Oracle 1z1-415 Exam : Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

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Oracle 1z1-415 Exam Syllabus Topics:

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

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

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

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

3. What happens if a contract is marked for auto liquidation and the liquidation day turns out to be a holiday? (Choose the best answer.)

A) The system liquidates based on the contract-level parameters.
B) The system liquidates based on the product-level parameters.
C) The liquidation does not take place.
D) The user liquidates the deal manually by invoking the payment screen.

4. A bank owns 50 computer tables whose useful life has been set as 20 years. The depreciation method for these assets is set as the straight line method. The bank wants to determine the value of these tables at the end of their useful life.
What would the value be? (Choose the best answer.)

A) almost 0
B) 1
C) equal to the original cost of the new asset of the same type
D) o

5. Where should you configure Spot Days for deals? (Choose the best answer.)

A) in the foreign exchange Products Level parameter
B) in the Currency Level parameter
C) in the Bank Level parameter
D) in the Branch Level parameter

Solutions: