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Oracle 1z1-415 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) Only a change of operation from collection to purchase is supported directly for an export bill that is not under LC.
B) 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
C) Change of operation from collection to discount is supported only for LC-based transactions.
D) 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

2. Which liability is reduced in the system on booking a bill under a Letter of Credit opened by a customer? (Choose the best answer.)

A) Collection liability
B) Acceptance liability
C) Bill liability
D) LC liability

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

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

5. Which three are methods of revaluation used in a foreign exchange product? (Choose three.)

A) rebate
B) Net Present Value
C) straight line
D) redonimation

Solutions: