Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials : 1z1-415

  • Exam Code: 1z1-415
  • Exam Name: Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials
  • Updated: Sep 18, 2026     Q & A: 85 Questions and Answers

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Oracle 1z1-415 Exam Syllabus Topics:

SectionObjectives
Bills and Collections- Bills Processing
  • 1. Forfaiting and collection processing
  • 2. Reimbursement lodging and honoring
  • 3. Import and export bills under Letter of Credit
Letters of Credit and Nostro Reconciliation- Trade Finance Operations
  • 1. Import and export Letter of Credit processing
  • 2. Letter of Credit product setup
  • 3. Matching rules and reconciliation classes
  • 4. Reimbursement and Letter of Credit resolution
Fixed Assets, Expenses, and Lending- Lending and Asset Management
  • 1. Payment and collection processing
  • 2. Fixed asset maintenance
  • 3. Loan contract processing
  • 4. Consumer lending lifecycle management
  • 5. Lending product definition and configuration
Basic Instructions and Retail Telling- Retail Teller Operations
  • 1. Standing instructions and product definition
  • 2. Cash, cheque, and demand draft transactions
  • 3. Till balancing and workflow maintenance
  • 4. Retail Teller product setup and configuration
  • 5. Foreign exchange transactions
Money Market, Foreign Exchange, and Funds Transfer- Treasury and Transfer Operations
  • 1. Lifecycle processing and revaluation
  • 2. Foreign exchange deal processing
  • 3. Funds transfer types and settlement processing
  • 4. Money market product maintenance

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

Question #1

What does the product type "b" on the Lc product Definition screen stand for? (Choose the best answer.)

  • A. Usance payment LC
  • B. Standby LC
  • C. Shipping Guarantee
  • D. Reimbursement type LC
  • E. Secured LC
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #2

What does starting a customer session enable a bank user to do? (Choose the best answer.)

  • A. Demonstrate the bank's offerings to customers in simulated mode.
  • B. Record customer requests and complaints in the system.
  • C. Automatically get a customer's customer number and account details in transactions.
  • D. Display various interest rates to a customer.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

Assuming that a bank entered into a USD Spot Deal with a customer on Monday, January 15, and that there are no holidays during the week, on which date will the transaction be settled in the system? (Choose the best answer.)

  • A. as per the Spot days maintained on the Bank Parameters screen
  • B. as per the Spot days maintained on the Currency Pair Definition screen for USD
  • C. as per the Spot days maintained on the Currency Definition screen for USD
  • D. as per the Spot days maintained on the Branch Parameters screen
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #4

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

  • A. The Multi Credit Transfer field should be enabled at the Product and Branch levels.
  • B. A maximum of 10 contracts can be consolidated under a Multi Credit Reference number.
  • C. A message is sent as MT102 and MT 203.
  • D. A consolidated accounting reference number must be entered by a user.
Reveal Solution  Discussion  0

Correct Answer: A,C,D  🗳️

Question #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
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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