Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials - 1z0-415 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Which statement is true about a change of operation for an export bill that is not under LC? (Choose the best answer.)

A. a non-LC collection bill must be liquidated first and on the same day and a discounted bill must be booked separately, in order to handle change of operation B. a non-LC collection bill can be unlocked and the operation code can be changed from collection to discount if the same is allowed at the product level C. Change of operation from collection to discount is supported only for LC-based transactions. D. Only a change of operation from collection to purchase is supported directly for an export bill that is not under LC.

Discussion 0

Correct Answer: D Vote an answer

Question 2

Which two are possible matching types for reconciliation? (Choose two.)

A. suggested B. identical C. replicated D. confirmed

Discussion 0

Correct Answer: A,D Vote an answer

Question 3

For an Outgoing cross currency funds transfer, what is the amount tag for the debit and credit transaction entries of the transfer? (Choose the best answer.)

A. Amt_Equiv for both the legs B. Amt_Equiv and Trf_Amt, respectively C. Trf_Amt and Amt_Equiv, respectively D. Trf_Amt for both the legs

Discussion 0

Correct Answer: D Vote an answer

Question 4

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

Discussion 0

Correct Answer: D Vote an answer

Question 5

Identify the format in which the number of original documents is input. (Choose the best answer.)

A. n/n B. nn/n C. n D. nn

Discussion 0

Correct Answer: D Vote an answer

Question 6

Tenors can be maintained at the LC product level and defaulted at the contract level. Which tenor maintained on the Product Preference screen would default at the contract level'? (Choose the best answer.)

A. Standard B. Minimum, Maximum, and Standard C. Maximum D. Minimum

Discussion 0

Correct Answer: C Vote an answer

Question 7

You can create the Reimbursement LC product type in Oracle FLEXCUBE. When will a bank create a contract under the product type Reimbursement? (Choose the best answer.)

A. when the bank acts as a reimbursing bank B. when the bank acts as a claiming bank C. when the bank acts as an advising bank D. when the bank acts as an issuing bank

Discussion 0

Correct Answer: B Vote an answer

Question 8

Which three operations are not allowed for a product with the Discounted Straight Line method of revaluation? (Choose three.)

A. rollover B. cancellation C. limits tracking D. partial payment

Discussion 0

Correct Answer: A,B,D Vote an answer

Question 9

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

Discussion 0

Correct Answer: A Vote an answer