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Oracle 1z1-415 Exam Syllabus Topics:

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

Question 1

In trade finance, forfaiting involves the purchase of receivables from exporters. Which statement is true about forfaiting in the Bills module of Oracle FLEXCUBE? (Choose the best answer.)

A. A separate menu operation for forfaiting is introduced that can be mapped to a bill product
B. Forfaiting is allowed as a new operation at the Bill Contract level.
C. A new operation "forfaiting11 has been introduced at the product level
D. The system will not allow forfaiting as an operation while creating a product Only a change of operation to forfaiting is allowed.

Question 2

What does the system do when a future value dated deal is entered? (Choose the best answer.)

A. it does not book future dated accounting entries.
B. it passes accounting entries on the day of booking the contract.
C. it does not pass accounting entries on the day of booking the contract.
D. User defines accounting entries on the Value Date.

Question 3

An exporter intends to bid for a software project in another country. What kind of facility should the exporter avail of a bank in order to participate in the bidding? (Choose the best answer.)

A. Deposits
B. Letter of Credit
C. Indemnity
D. Guarantee

Question 4

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

A. 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.
B. 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
C. 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.
D. 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.

Question 5

Which three options are available in the Rate As On field on the Funds Transfer Product Preference screen? (Choose three.)

A. Booking Date
B. Value Date
C. Amend Date
D. Spot Date

Solutions: