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Oracle 1z1-415 Exam Syllabus Topics:

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

1. In Landing Module, what are Settlement Bridge General Ledgers used to handle? (Choose the best answer.)

A) adjustment entries
B) multiple disbursement schedules
C) suspense entries
D) multiple modes of settlement

2. Which statement is true about lodging export bills that are not under LC? (Choose the best answer.)

A) These are collection bills governed by URC 722. The system allows you to input and save any discrepancies noted for collection bills.
B) These are collection bills governed by URC 522. The system does not allow you to save a collection bill with discrepancies.
C) These are collection bills governed by URC 722. The system does not allow you to input and save any discrepancies noted for collection bills.
D) These are collection bills governed by URC 522. The system allows you to input and save any discrepancies noted for collection bills.

3. A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

A) MT747
B) MT752
C) MT740
D) MT742

4. Assuming that a bank entered into a USD Spot Deal with a customer on Monday, January 15, and that there are no holidays during the week, on which date will the transaction be settled in the system? (Choose the best answer.)

A) as per the Spot days maintained on the Branch Parameters screen
B) as per the Spot days maintained on the Currency Definition screen for USD
C) as per the Spot days maintained on the Bank Parameters screen
D) as per the Spot days maintained on the Currency Pair Definition screen for USD

5. 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.

Solutions: