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Oracle 1z1-415 Exam Syllabus Topics:

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

1. A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

A) MT740
B) MT742
C) MT752
D) MT747

2. 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) Commodity Code maintenance
D) Merchandise code maintenance

3. An exporter intends to bid for a software project in another country. What kind of facility should the exporter avail of a bank in order to participate in the bidding? (Choose the best answer.)

A) Indemnity
B) Letter of Credit
C) Guarantee
D) Deposits

4. Where should you configure Spot Days for deals? (Choose the best answer.)

A) in the Branch Level parameter
B) in the foreign exchange Products Level parameter
C) in the Currency Level parameter
D) in the Bank Level parameter

5. In case an auto authorization limit is not specified in PC Source Parameter Maintenance, what would happen to transactions that belong to the customer, source, and product category combination'? (Choose the best answer.)

A) The transactions are rejected
B) The transactions must be manually authorized.
C) The transactions are automatically authorized on upload.
D) The transactions are automatically directed to a referral queue

Solutions: