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Oracle 1z1-415 Exam Syllabus Topics:

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

1. Transfer of an LC can be performed in Oracle FLEXCUBE. Which statement is true about a transferable LC? (Choose the best answer)

A) Change of parties is allowed for the old LC contract, as well as the new transferred LC contract
B) It is not possible to initiate the transfer of an LC to more than one secondary beneficiary on behalf of the primary or original beneficiary
C) A transferred LC can be transferred at the request of a second beneficiary to any subsequent beneficiary.
D) a transferable LC is where, at the request of a beneficiary (first beneficiary), the LC is made available in whole or in part to another beneficiary (second beneficiary)

2. 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) Guarantee
C) Letter of Credit
D) Deposits

3. 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 unlocking the loan account and changing the value on the Interest tab
B) by changing the rate value in Loan Account UDEs
C) by amending the UDE value on the Value Dated Amendment screen
D) by changing the interest rate on the UDE values screen

4. A bank wants to include the user reference number that is generated from the money market module in Swift messages. Where is this defined? (Choose the best answer.)

A) Money Market Branch Parameter
B) Money Market Product
C) Money Market Bank Parameter
D) Money Market Contract

5. A bank would like to give the option of bill discounting to an exporter against 100 percent collateral in the form of deposits. On which tab of the contract screen would you input the collateral details9 (Choose the best answer.)

A) settlement
B) linkages
C) collateral
D) fields

Solutions: