Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials : 1z1-415 Exam Questions

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Oracle 1z1-415 Exam Syllabus Topics:

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

1. Oracle FLEXCUBE offers inbuilt and automatic linkage between various modules. Identify the correct linkage that is applicable to the Fixed Asset (FA) module. (Choose the best answer)

A) Fixed Asset and Allocation
B) Fixed Asset and Asset Management
C) Fixed Asset and Teller
D) Fixed Asset and Expense Processing

2. The system allows the Match Status to be Open, Suggested, or Closed. Which two statements are true about Match Status of Suggested? (Choose two.)

A) The suggested entires can be modified.
B) The suggested entries can be rejected.
C) The suggested entries cannot be rejected.
D) The suggested entries can be confirmed.

3. Assume that the documents presented under a sight LC are not discrepant. When will the negotiating bank pay the exporter after presentation of these documents?

A) within five working days
B) after obtaining confirmation from the LC issuing bank
C) within two working days
D) immediately

4. In trade finance, forfaiting involves the purchase of receivables from exporters. Which statement is true about forfaiting in the Bills module of Oracle FLEXCUBE? (Choose the best answer.)

A) A new operation "forfaiting11 has been introduced at the product level
B) Forfaiting is allowed as a new operation at the Bill Contract level.
C) The system will not allow forfaiting as an operation while creating a product Only a change of operation to forfaiting is allowed.
D) A separate menu operation for forfaiting is introduced that can be mapped to a bill product

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

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

Solutions: