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| Certification Vendor: | Oracle |
| Exam Name: | Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials |
| Exam Number: | 1Z0-415 |
| Exam Price: | USD 245 |
| Real Exam Qty: | 80 |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice |
| Related Certifications: | Oracle FLEXCUBE Universal Banking 12 Technical Implementation Essentials Oracle FLEXCUBE Universal Banking Certified Implementation Specialist |
| Sample Questions: | Oracle 1z1-415 Sample Questions |
| Exam Way: | Computer-based exam delivered through Oracle-authorized testing providers and available via online proctoring or test center where offered. |
| Pre Condition: | No mandatory prerequisite; Oracle recommends knowledge of Oracle FLEXCUBE Universal Banking and relevant implementation experience or training. |
| Official Syllabus URL: | https://education.oracle.com/learning-paths/oracle-flexcube-universal-banking-functional/lPathCol_OFSSFLEX_col_jv1 |
| Section | Objectives |
|---|---|
| Letters of Credit and Nostro Reconciliation | - Trade Finance Operations
|
| Bills and Collections | - Bills Processing
|
| Basic Instructions and Retail Telling | - Retail Teller Operations
|
| Fixed Assets, Expenses, and Lending | - Lending and Asset Management
|
| Money Market, Foreign Exchange, and Funds Transfer | - Treasury and Transfer Operations
|
1. Select two true statements about Liquidation mode. (Choose two.)
A) Liquidation mode can be Auto or Manual. If the Liquidation mode is Auto, it is applicable for all components of a product and can not be changed at the Loan account level.
B) if Liquidation mode is other than Auto or Manual, it can be set at the component level and can be changed at the Loan account level.
C) Liquidation mode can be Auto or Manual If Liquidation mode is Manual, it is applicable for all components of a product and cannot be changed at the Loan account level.
D) Liquidation mode can be Auto or Manual. If Liquidation mode is Auto, it is applicable for all components of a product and can be changed at the Loan account level
2. Which statement is true about the Confirmation Tracer? (Choose the best answer)
A) ft is a reminder sent to a beneficiary, seeking a letter of confirmation.
B) it is a reminder sent to an issuing bank, seeking a letter of confirmation.
C) it is a reminder sent to a reimbursing bank, seeking a letter of confirmation
D) His a reminder sent to a confirming bank, seeking a letter of confirmation.
3. Identify two types of money market contracts where the maturity date is not input by a user. (Choose two.)
A) floating
B) fixed
C) call
D) notice
4. Events and accounting entries are define in the product definition, i ne accounting entries in events are not mandatory tor a configured bi Product. A business user updates the Contract status manually to amend the payment status for the contracts under this SI Product.
Which SI Product is used to book a Contract to track only the payment status? (Choose the best answer.)
A) Collection
B) Payment
C) Sweep (in and out)
D) Variable Payment
5. 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) Amendment, cancellation, or close of an export LC that is linked to an import LC is not possible.
C) All active and authorized export LCs are available for linkage, irrespective of different counter parties.
D) An export LC can be linked to only one import LC.
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: D | Question # 3 Answer: C,D | Question # 4 Answer: B | Question # 5 Answer: D |
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