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. Identify two types of money market contracts where the maturity date is not input by a user. (Choose two.)

A) notice
B) call
C) fixed
D) floating

2. 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

3. There can be overage or shortage of cash while processing Retail Teller transactions. The bank can specify the General Ledger in which the overage or shortage should be booked. On which screen can the Overage or Shortage GL be maintained? (Choose the best answer.)

A) Till and Vault maintenance screen in Branch Parameters
B) ARC maintenance screen
C) There is no Overage or Shortage GL maintenance in Oracle FLEXCUBE
D) Retail Teller product screen

4. What does the field SI Amount refer to while processing sweep-in transactions?
(Choose the best answer.)

A) balance in the debit account that should trigger the sweep
B) amount to be swept i n
C) minimum sweep amount
D) balance in the credit account that should trigger the sweep

5. What is the maximum number of charges that can be attached to a Retail Teller product? (Choose the best answer.)

A) three
B) four
C) unlimited
D) five

Solutions: