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Oracle 1z1-415 Exam Syllabus Topics:

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

1. The system allows the Match Status to be Open, Suggested, or Closed. Which two statements are true about Match Status of Suggested? (Choose two.)

A) The suggested entries can be confirmed.
B) The suggested entires can be modified.
C) The suggested entries cannot be rejected.
D) The suggested entries can be rejected.

2. Which maintenance can a teller use to make the exchange rate picked by a system in a transaction non-amendable? (Choose the best answer.)

A) ARC maintenance
B) Function Group detail
C) Transaction Code maintenance
D) Function Workflow definition detail

3. 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 Rollover
C) Money Market Contract Schedule
D) Money Market Value Dated Amendment

4. For a revolving-in-time LC that was issued on January 1,2014 with a reinstatement frequency of 60 days, what would be the next reinstatement date? (Choose the best answer.)

A) None. LCs cannot revolve in time.
B) March 2. 2014
C) March 1.2014
D) February 28, 2014

5. 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 and an ALIQ event for back-dated schedules are passed only during EOD
C) 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
D) Accounting entries related to an Accrual event and an ALIQ event for back-dated schedules are passed when the loan account is saved.

Solutions: