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Oracle 1z0-415 Exam Syllabus Topics:

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

Question 1

Merchandise can be classified and maintained in Oracle FLEXCUBE. Where would you maintain the merchandise that is involved in a trade transaction with an underlying LC? (Choose the best answer.)

A. Commodity Code maintenance
B. Documents maintenance
C. Merchandise code maintenance
D. INCO terms maintenance

Question 2

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

Question 3

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 and Trf_Amt, respectively
B. Amt_Equiv for both the legs
C. Trf_Amt for both the legs
D. Trf_Amt and Amt_Equiv, respectively

Question 4

What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A. The account is debited.
B. it depends on the currency being purchased.
C. The account is credited.
D. it depends on whether the customer account is Savings or Current.

Question 5

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

Solutions: