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

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Oracle 1z1-415 Exam Syllabus Topics:

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

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

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

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

4. 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 and an ALIQ event for back-dated schedules are passed only during EOD
D) 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

5. A bank owns 50 computer tables whose useful life has been set as 20 years. The depreciation method for these assets is set as the straight line method. The bank wants to determine the value of these tables at the end of their useful life.
What would the value be? (Choose the best answer.)

A) 1
B) o
C) equal to the original cost of the new asset of the same type
D) almost 0

Solutions: