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Oracle 1z1-415 Exam Syllabus Topics:

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

1. A bank owns 50 computer tables whose useful life has been set as 20 years. The depreciation method for these assets is set as the straight line method. The bank wants to determine the value of these tables at the end of their useful life.
What would the value be? (Choose the best answer.)

A) 1
B) equal to the original cost of the new asset of the same type
C) o
D) almost 0

2. In case an auto authorization limit is not specified in PC Source Parameter Maintenance, what would happen to transactions that belong to the customer, source, and product category combination'? (Choose the best answer.)

A) The transactions are rejected
B) The transactions are automatically directed to a referral queue
C) The transactions are automatically authorized on upload.
D) The transactions must be manually authorized.

3. What does a teller use Transfer Cash From Vault for? (Choose the best answer.)

A) to buy cash and travelers' cheques
B) to sell only cash
C) to buy only cash
D) to sell cash and travelers' cheques

4. Back-to-back LC contracts can be handled in Oracle FLEXCUBE. Which statement is true about a back-to-back LC? (Choose the best answer.)

A) it is possible to enable the back-to-back flag only for an export LC.
B) All active and authorized export LCs are available for linkage, irrespective of different counter parties.
C) An export LC can be linked to only one import LC.
D) Amendment, cancellation, or close of an export LC that is linked to an import LC is not possible.

5. Which three operations are not allowed for a product with the Discounted Straight Line method of revaluation? (Choose three.)

A) limits tracking
B) partial payment
C) cancellation
D) rollover

Solutions: