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

Question 2

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 the overdraft facility
B. by enabling auto liquidation
C. by enabling cash GL (General Ledger) posting
D. by enabling track receivable

Question 3

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

Question 4

In which depreciation method does the amount of depreciation provided by a bank on a fixed asset not remain constant throughout the useful life of the asset? (Choose the best answer.)

A. straight line method
B. wntten down value
C. sum of digits depreciation method
D. activity depreciation method

Question 5

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. it depends on whether the customer account is Savings or Current.
D. The account is credited.

Solutions: