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Oracle 1z1-415 Exam Syllabus Topics:

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

1. Identify the SWIFT message that the system generates on successful creation of an LC
contract. (Choose the best answer.)

A) MT700
B) MT760
C) MT734
D) MT710

2. The status of an installment changes from Normal to Past Due Obligation. A bank wants to levy a charge of $5 USD on it. How can the charge be defined and levied?(Choose the best answer)

A) Define the charge as a component at the Product Component Class level Default the component by mapping the Component Class to the Product and link the charge component at the Installment level status change.
B) Define the charge as a component at the Product Component Class level and link it at the Account level status change.
C) Define the charge as an UDE and link it at the Installment level status change
D) Define the charge as a component at the Product level and link it on the Loan Account Charges screen.

3. If an Outgoing Request for a debit transaction is approved, what would it result in? (Choose the best answer.)

A) incoming payment C outgoing direct debit
B) outgoing payment
C) incoming direct debit

4. A bank wants payment fate tracers to be generated automatically by the system. To which event should this tracer be attached and what is the name of this advice?

A) TPFT event and RESERVE_RELEASE advice
B) TPFT event and PAYMNTFATE_TRCR advice
C) TDIS event and PAYMNTFATE_TRCR advice
D) TDIS event and DISCAPPRVLJRCR advice

5. Which liability is reduced in the system on booking a bill under a Letter of Credit opened by a customer? (Choose the best answer.)

A) Bill liability
B) Collection liability
C) LC liability
D) Acceptance liability

Solutions: