Oracle 1z1-415 : 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. Home loans are given at a fixed interest rate of 10%. The rate now must be increased to 11 %. How can this be done in the system? (Choose the best answer.

A) by changing the rate value in Loan Account UDEs
B) by changing the interest rate on the UDE values screen
C) by amending the UDE value on the Value Dated Amendment screen
D) by unlocking the loan account and changing the value on the Interest tab

2. 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 on Board (FOB)
B) Free Alongside Ship (FAS)
C) Cost and Freight (CFR)
D) Cost, Insurance, and Freight (CIF)

3. Different parties are involved when an import LC is issued. Which group of parties are involved while booking an import LC transaction? (Choose the best answer)

A) the applicant and the advising bank
B) the applicant and the issuing bank
C) the applicant, the beneficiary, and the issuing bank
D) the applicant, the beneficiary, and the advising bank

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

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

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

Solutions: