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Oracle 1z1-415 Exam Syllabus Topics:

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

1. In a particular depreciation method, the amount of depreciation provided by a bank on a fixed asset remains constant throughout the useful life of the asset. Which is this method? (Choose the best answer)

A) straight line method
B) activity depreciation method D sum of digits depreciation method
C) written down value

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

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

4. 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) import LC
B) Standby Guarantee
C) Clean LC
D) Export LC

5. What benefit does an exporter get when asking for a documentary credit (LC) to be confirmed by the advising or negotiating bank? (Choose the best answer.)

A) There is no benefit. LC confirmation is a practice that banks follow to earn more revenue.
B) After confirming the LC, the advising or negotiating bank will pay or promise to pay against presented documents, which after checking are found to be as
C) Confirmation of the LC removes all discrepancies in the documents submitted.
D) Confirmation of the LC ensures that the goods that are exported are of very high quality.

Solutions: