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Oracle 1z1-415 Exam Syllabus Topics:

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

Question 1

What benefit does an exporter get when asking for a documentary credit (LC) to be confirmed by the advising or negotiating bank? (Choose the best answer.)

A. After confirming the LC, the advising or negotiating bank will pay or promise to pay against presented documents, which after checking are found to be as
B. Confirmation of the LC ensures that the goods that are exported are of very high quality.
C. There is no benefit. LC confirmation is a practice that banks follow to earn more revenue.
D. Confirmation of the LC removes all discrepancies in the documents submitted.

Question 2

The system supports Multi Credit Transfer by using the funds transfer module. Which three statements are true about Multi Credit Transfer? (Choose three.)

A. The Multi Credit Transfer field should be enabled at the Product and Branch levels.
B. A consolidated accounting reference number must be entered by a user.
C. A message is sent as MT102 and MT 203.
D. A maximum of 10 contracts can be consolidated under a Multi Credit Reference number.

Question 3

What does starting a customer session enable a bank user to do? (Choose the best answer.)

A. Automatically get a customer's customer number and account details in transactions.
B. Display various interest rates to a customer.
C. Demonstrate the bank's offerings to customers in simulated mode.
D. Record customer requests and complaints in the system.

Question 4

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

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

Question 5

Different events are triggered during the life cycle of an LC contract. Which event is triggered on issuance of an import LC t (Choose the best answer?)

A. BOOK
B. REIN
C. BISS
D. AVAL

Solutions: