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Oracle 1z1-415 Exam Syllabus Topics:

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

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

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

2. A back-dated loan is initiated and "Liquidate Back Valued Schedules" is set to Yes at the account level. Which statement is true? (Choose the best answer.)

A) Accounting entries related to an Accrual event for back-dated schedules are passed when the account is saved. However, accounting entries for an ALIQ event for back-dated schedules are passed when the loan account is authorized
B) Accounting entries related to an Accrual event for back-dated schedules are passed when the account is saved. However, accounting entries for an ALIQ event for back-dated schedules are passed only during EO
C) Accounting entries related to an Accrual event and an ALIQ event for back-dated schedules are passed when the loan account is saved.
D) Accounting entries related to an Accrual event and an ALIQ event for back-dated schedules are passed only during EOD

3. Home loans are given at a fixed interest rate of 10%. The rate now must be increased to 11 %. How can this be done in the system? (Choose the best answer.

A) by changing the rate value in Loan Account UDEs
B) by amending the UDE value on the Value Dated Amendment screen
C) by changing the interest rate on the UDE values screen
D) by unlocking the loan account and changing the value on the Interest tab

4. Which three options are available in the Rate As On field on the Funds Transfer Product Preference screen? (Choose three.)

A) Spot Date
B) Booking Date
C) Amend Date
D) Value Date

5. What does a teller use Transfer Cash From Vault for? (Choose the best answer.)

A) to sell cash and travelers' cheques
B) to buy only cash
C) to buy cash and travelers' cheques
D) to sell only cash

Solutions: