Oracle 1z0-415 Exam : Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

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Oracle 1z0-415 Exam Syllabus Topics:

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

1. Which statement is true about the Confirmation Tracer? (Choose the best answer)

A) His a reminder sent to a confirming bank, seeking a letter of confirmation.
B) it is a reminder sent to a reimbursing bank, seeking a letter of confirmation
C) ft is a reminder sent to a beneficiary, seeking a letter of confirmation.
D) it is a reminder sent to an issuing bank, seeking a letter of confirmation.

2. A bank owns 50 computer tables whose useful life has been set as 20 years. The depreciation method for these assets is set as the straight line method. The bank wants to determine the value of these tables at the end of their useful life.
What would the value be? (Choose the best answer.)

A) almost 0
B) equal to the original cost of the new asset of the same type
C) o
D) 1

3. A bank wants to charge depreciation tor an asset at the rate ot 20%, 30%, 25%, b%, and 20% tor the tirst year, second year, and so on till the last year How should you indicate this on the Depreciation Rule Mapping screen? (Choose the best answer.)

A) rule-based
B) combination of rule-based and ad hoc
C) activity depreciation
D) ad hoc

4. The operation code "acceptance" is applicable for both export and import bills For the operation code "acceptance,1' identify the change of operation that is applicable only for import bills. (Choose the best answer.)

A) acceptance to discount
B) acceptance to purchase
C) acceptance to advance
D) acceptance to forfeiting

5. The system supports Multi Credit Transfer by using the funds transfer module. Which three statements are true about Multi Credit Transfer? (Choose three.)

A) A maximum of 10 contracts can be consolidated under a Multi Credit Reference number.
B) A consolidated accounting reference number must be entered by a user.
C) The Multi Credit Transfer field should be enabled at the Product and Branch levels.
D) A message is sent as MT102 and MT 203.

Solutions: