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Oracle 1z1-415 Exam Syllabus Topics:

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

Question 1

Which two frequency types can you configure for revaluation in a foreign exchange product? (Choose two.)

A. monthly
B. annually
C. daily
D. weekly

Question 2

What happens if a contract is marked for auto liquidation and the liquidation day turns out to be a holiday? (Choose the best answer.)

A. The liquidation does not take place.
B. The system liquidates based on the product-level parameters.
C. The user liquidates the deal manually by invoking the payment screen.
D. The system liquidates based on the contract-level parameters.

Question 3

A bank wants to include the user reference number that is generated from the money market module in Swift messages. Where is this defined? (Choose the best answer.)

A. Money Market Contract
B. Money Market Branch Parameter
C. Money Market Product
D. Money Market Bank Parameter

Question 4

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

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

Question 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 and an ALIQ event for back-dated schedules are passed when the loan account is saved.
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 when the loan account is authorized
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 only during EOD

Solutions: