Oracle 1z1-415 : Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

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

1. 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) Bill liability
C) LC liability
D) Acceptance liability

2. Select two true statements about Liquidation mode. (Choose two.)

A) Liquidation mode can be Auto or Manual If Liquidation mode is Manual, it is applicable for all components of a product and cannot be changed at the Loan account level.
B) Liquidation mode can be Auto or Manual. If the Liquidation mode is Auto, it is applicable for all components of a product and can not be changed at the Loan account level.
C) Liquidation mode can be Auto or Manual. If Liquidation mode is Auto, it is applicable for all components of a product and can be changed at the Loan account level
D) if Liquidation mode is other than Auto or Manual, it can be set at the component level and can be changed at the Loan account level.

3. For a revolving-in-time LC that was issued on January 1,2014 with a reinstatement frequency of 60 days, what would be the next reinstatement date? (Choose the best answer.)

A) March 2. 2014
B) March 1.2014
C) February 28, 2014
D) None. LCs cannot revolve in time.

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

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

Solutions: