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Oracle 1z1-415 Exam Syllabus Topics:

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

1. Which two statements are true about a Reconciliation Class? (Choose two.)

A) a rule sequence number is entered manually for the rules that are attached to a Reconciliation Class.
B) Several rules constitute a Reconciliation Class.
C) a Reconciliation Class type can be Mirror or Replication.
D) a Reconciliation Class type is both Mirror and Replication.

2. Which statement is true about lodging export bills that are not under LC? (Choose the best answer.)

A) These are collection bills governed by URC 722. The system does not allow you to input and save any discrepancies noted for collection bills.
B) These are collection bills governed by URC 522. The system does not allow you to save a collection bill with discrepancies.
C) These are collection bills governed by URC 522. The system allows you to input and save any discrepancies noted for collection bills.
D) These are collection bills governed by URC 722. The system allows you to input and save any discrepancies noted for collection bills.

3. An exporter intends to bid for a software project in another country. What kind of facility should the exporter avail of a bank in order to participate in the bidding? (Choose the best answer.)

A) Deposits
B) Indemnity
C) Guarantee
D) Letter of Credit

4. A trade agreement stipulates that a seller is responsible for securing export clearance and for placing the goods on board a ship in the seller's country. From that point forward, the cost relating to the freight, transit insurance, and clearing of goods for import are the buyer's responsibility.
Which INCO term would suit this situation? (Choose the best answer.)

A) Free on Board (FOB)
B) Cost and Freight (CFR)
C) Cost, Insurance, and Freight (CIF)
D) Free Alongside Ship (FAS)

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

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

Solutions: