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Oracle 1z1-415 Exam Syllabus Topics:

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

1. 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 interest rate on the UDE values screen
C) by changing the rate value in Loan Account UDEs
D) by amending the UDE value on the Value Dated Amendment screen

2. A trade agreement stipulates that a seller is responsible for securing export clearance and for placing the goods on board a ship in the seller's country. From that point forward, the cost relating to the freight, transit insurance, and clearing of goods for import are the buyer's responsibility.
Which INCO term would suit this situation? (Choose the best answer.)

A) Cost and Freight (CFR)
B) Free on Board (FOB)
C) Free Alongside Ship (FAS)
D) Cost, Insurance, and Freight (CIF)

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

4. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) it depends on whether the customer account is Savings or Current.
B) The account is debited.
C) it depends on the currency being purchased.
D) The account is credited.

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

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

Solutions: