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Oracle 1z1-415 Exam Syllabus Topics:

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

Question 1

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

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

Question 2

Select two true statements about Liquidation mode. (Choose two.)

A. Liquidation mode can be Auto or Manual. If the Liquidation mode is Auto, it is applicable for all components of a product and can not be changed at the Loan account level.
B. Liquidation mode can be Auto or Manual If Liquidation mode is Manual, it is applicable for all components of a product and cannot be changed at the Loan account level.
C. Liquidation mode can be Auto or Manual. If Liquidation mode is Auto, it is applicable for all components of a product and can be changed at the Loan account level
D. if Liquidation mode is other than Auto or Manual, it can be set at the component level and can be changed at the Loan account level.

Question 3

A banK has purchased 2b computers and needs to book these as assets and also specify a depreciation type for them. What are the two available depreciation types that the bank can choose from? (Choose two.)

A. written down value
B. accelerated cost recovery
C. group depreciation method
D. straight line method

Question 4

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. Letter of Credit
C. Guarantee
D. Indemnity

Question 5

In a particular depreciation method, the amount of depreciation provided by a bank on a fixed asset remains constant throughout the useful life of the asset. Which is this method? (Choose the best answer)

A. written down value
B. activity depreciation method D sum of digits depreciation method
C. straight line method

Solutions: