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Oracle 1z1-415 Exam Syllabus Topics:

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

1. What happens if a contract is marked for auto liquidation and the liquidation day turns out to be a holiday? (Choose the best answer.)

A) The system liquidates based on the contract-level parameters.
B) The system liquidates based on the product-level parameters.
C) The liquidation does not take place.
D) The user liquidates the deal manually by invoking the payment screen.

2. 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 Currency Pair Definition screen for USD
D) as per the Spot days maintained on the Bank Parameters screen

3. What is the maximum number of charges that can be attached to a Retail Teller product? (Choose the best answer.)

A) three
B) unlimited
C) five
D) four

4. What does the product type "b" on the Lc product Definition screen stand for? (Choose the best answer.)

A) Shipping Guarantee
B) Usance payment LC
C) Reimbursement type LC
D) Standby LC
E) Secured LC

5. Which product type would you choose for moving funds from one account to another beyond a predefined level? (Choose the best answer.)

A) standing payment orders
B) standing collection orders
C) sweep out transaction ons
D) variable payment transactions

Solutions: