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Oracle 1z1-415 Exam Syllabus Topics:

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

1. In LC Product Maintenance, different product types can be maintained. Which product type should be used if the LC is not backed by documents? (Choose the best answer)

A) Clean LC
B) import LC
C) Export LC
D) Standby Guarantee

2. The operation code "acceptance" is applicable for both export and import bills For the operation code "acceptance,1' identify the change of operation that is applicable only for import bills. (Choose the best answer.)

A) acceptance to forfeiting
B) acceptance to discount
C) acceptance to purchase
D) acceptance to advance

3. Which three options are available in the Rate As On field on the Funds Transfer Product Preference screen? (Choose three.)

A) Value Date
B) Spot Date
C) Amend Date
D) Booking Date

4. Different parties are involved when an import LC is issued. Which group of parties are involved while booking an import LC transaction? (Choose the best answer)

A) the applicant, the beneficiary, and the advising bank
B) the applicant and the advising bank
C) the applicant, the beneficiary, and the issuing bank
D) the applicant and the issuing bank

5. If an Outgoing Request for a debit transaction is approved, what would it result in? (Choose the best answer.)

A) outgoing payment
B) incoming payment C outgoing direct debit
C) incoming direct debit

Solutions: