Exam Name: Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle FLEXCUBE
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Oracle 1z1-415 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Basic Instructions and Retail Telling | - Retail Teller Operations
|
| Money Market, Foreign Exchange, and Funds Transfer | - Treasury and Transfer Operations
|
| Bills and Collections | - Bills Processing
|
| Letters of Credit and Nostro Reconciliation | - Trade Finance Operations
|
| Fixed Assets, Expenses, and Lending | - Lending and Asset Management
|
Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
During liquidation of Teller transactions, if the system detects insufficient funds in an account, the subsequent credit that happens to the settlement account needs to be blocked. How is this achieved in the system? (Choose the best answer.)
- A. by enabling auto liquidation
- B. by enabling the overdraft facility
- C. by enabling track receivable
- D. by enabling cash GL (General Ledger) posting
Correct Answer: C 🗳️
For an Outgoing cross currency funds transfer, what is the amount tag for the debit and credit transaction entries of the transfer? (Choose the best answer.)
- A. Amt_Equiv for both the legs
- B. Amt_Equiv and Trf_Amt, respectively
- C. Trf_Amt and Amt_Equiv, respectively
- D. Trf_Amt for both the legs
Correct Answer: D 🗳️
A trade agreement stipulates that a seller is responsible for securing export clearance and for placing the goods on board a ship in the seller's country. From that point forward, the cost relating to the freight, transit insurance, and clearing of goods for import are the buyer's responsibility.
Which INCO term would suit this situation? (Choose the best answer.)
- A. Free Alongside Ship (FAS)
- B. Cost and Freight (CFR)
- C. Free on Board (FOB)
- D. Cost, Insurance, and Freight (CIF)
Correct Answer: C 🗳️
What is the maximum number of charges that can be attached to a Retail Teller product? (Choose the best answer.)
- A. three
- B. four
- C. unlimited
- D. five
Correct Answer: D 🗳️
Which two statements are true in defining a Reconciliation Class? (Choose two.)
- A. indicate whether the matching type is Mirroring or Replication.
- B. Define the external account.
- C. Incorporate many rules into a class.
- D. Match rule sequence is insignificant
Correct Answer: B,C 🗳️
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