Oracle Oracle FLEXCUBE 1z1-415

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

1. 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) MT742
B) MT747
C) MT740
D) MT752

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

3. A usance import bill that is not under a Letter of Credit has been received for 510,000 USD. The drawer has not made a payment for the bill. The drawer has requested the collecting bank (importer's bank) to protest on the drawer's behalf. What event should be attached to support this function'? (Choose the best answer.)

A) PRNP
B) AMND
C) REFP
D) CLOS

4. A money market Borrowing Contract is created. The Contract Value date is January 1,2014 and the Maturity date is March 31,2014. The customer then approaches the bank and requests extension of the Contract. The new Maturity date is April 2,2014.
On which screen would you perform the extension of this Contract? (Choose the best answer.)

A) Money Market Value Dated Amendment
B) Money Market Rollover
C) Money Market Contract Schedule
D) Money Market Rollover, Money Market Contract Schedule, and Money Market Value Dated Amendment

5. Which maintenance can a teller use to make the exchange rate picked by a system in a transaction non-amendable? (Choose the best answer.)

A) Function Group detail
B) ARC maintenance
C) Transaction Code maintenance
D) Function Workflow definition detail

Solutions: