Oracle 1z1-415 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Product and Component Configuration | 20% | - Product definition and component classes - Charges, fees, and UDE setup |
| Trade Finance Operations | 15% | - Bills and collections processing - Letters of Credit and guarantees |
| Lending and Fixed Assets | 20% | - Loan lifecycle and installment processing - Fixed assets and expense management |
| Architecture and Core Concepts | 15% | - System components and integration framework - FLEXCUBE Universal Banking technical architecture |
| Customer and Account Management | 15% | - Customer information maintenance - Account opening and parameterization |
| Limits, Collateral and Security | 15% | - User access control and security configuration - Limit management and collateral setup |
Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
1. 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) 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
B) Confirmation of the LC ensures that the goods that are exported are of very high quality.
C) There is no benefit. LC confirmation is a practice that banks follow to earn more revenue.
D) Confirmation of the LC removes all discrepancies in the documents submitted.
2. A Forward Buy Contract is opened on January 1,2014 with a product of type Forward, which supports the Option Date feature and a maximum tenor of 12 months. Which three options can this Contract be opened with? (Choose three.)
A) Contract Value Date = December 31. 2014; Option Date = December 25, 2014
B) Contract Value Date = January 1, 2014; Option Date = January 15.2014
C) Contract Value Date = October 31.2014; Option Date = October 31.2014
D) Contract Value Date = January 1, 2014; Option Date = November 30, 2014
3. 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 liquidation does not take place.
B) The user liquidates the deal manually by invoking the payment screen.
C) The system liquidates based on the product-level parameters.
D) The system liquidates based on the contract-level parameters.
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 Rollover, Money Market Contract Schedule, and Money Market Value Dated Amendment
B) Money Market Contract Schedule
C) Money Market Value Dated Amendment
D) Money Market Rollover
5. Which statement is true about lodging export bills that are not under LC? (Choose the best answer.)
A) These are collection bills governed by URC 722. The system does not allow you to input and save any discrepancies noted for collection bills.
B) These are collection bills governed by URC 522. The system does not allow you to save a collection bill with discrepancies.
C) These are collection bills governed by URC 522. The system allows you to input and save any discrepancies noted for collection bills.
D) These are collection bills governed by URC 722. The system allows you to input and save any discrepancies noted for collection bills.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B,C,D | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: D |
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