Oracle 1z1-415

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Oracle 1z1-415 Exam Syllabus Topics:

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

1. A banK has purchased 2b computers and needs to book these as assets and also specify a depreciation type for them. What are the two available depreciation types that the bank can choose from? (Choose two.)

A) written down value
B) accelerated cost recovery
C) group depreciation method
D) straight line method

2. Identify the SWIFT message that the system generates on successful creation of an LC
contract. (Choose the best answer.)

A) MT710
B) MT760
C) MT700
D) MT734

3. Different parties are involved when an import LC is issued. Which group of parties are involved while booking an import LC transaction? (Choose the best answer)

A) the applicant, the beneficiary, and the advising bank
B) the applicant and the issuing bank
C) the applicant, the beneficiary, and the issuing bank
D) the applicant and the advising bank

4. 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 unlocking the loan account and changing the value on the Interest tab
D) by changing the rate value in Loan Account UDEs

5. An export bill under a Letter of Credit is negotiated for $75,000 USD on August 1 st. On August 3rd, a reimbursement claim (MT 742) is raised by the negotiating bank on the reimbursing bank for $75,000 USD. The reimbursing bank honors the claim. Assuming that the reimbursing bank uses Oracle FLEXCUBE, how is this transaction handled in the system? (Choose the best answer.)

A) The reimbursing bank uses the Funds Transfer module for sending the MT202 message that honors this claim.
B) The reimbursing bank books a bill contract under the Letter of Credit for capturing the details of MT742. On liquidation of this bill contract, a payment message is generated to honor the claim.
C) The MT742 message can be viewed in the incoming browser of the messaging module of Oracle FLEXCUBE. A stand-alone MT202 message is created and sent from the outgoing browser of the messaging module.
D) Oracle FLEXCUBE does not support handling of trade transactions from the point of view of a reimbursing bank.

Solutions: