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Oracle 1z1-415 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Letters of Credit and Nostro Reconciliation | - Trade Finance Operations
|
| Topic 2: Bills and Collections | - Bills Processing
|
| Topic 3: Basic Instructions and Retail Telling | - Retail Teller Operations
|
| Topic 4: Money Market, Foreign Exchange, and Funds Transfer | - Treasury and Transfer Operations
|
| Topic 5: Fixed Assets, Expenses, and Lending | - Lending and Asset Management
|
Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
How many charge rules can be associated with a funds transfer product code? (Choose the best answer)
- A. as many as possible
- B. two
- C. one
- D. nil
Correct Answer: C 🗳️
Different events are triggered during the life cycle of an LC contract. Which event is triggered on issuance of an import LC t (Choose the best answer?)
- A. BISS
- B. REIN
- C. AVAL
- D. BOOK
Correct Answer: A 🗳️
Identify the SWIFT message that the system generates on successful creation of an LC
contract. (Choose the best answer.)
- A. MT700
- B. MT760
- C. MT734
- D. MT710
Correct Answer: A 🗳️
Assume that the documents presented under a sight LC are not discrepant. When will the negotiating bank pay the exporter after presentation of these documents?
- A. within two working days
- B. within five working days
- C. immediately
- D. after obtaining confirmation from the LC issuing bank
Correct Answer: C 🗳️
Back-to-back LC contracts can be handled in Oracle FLEXCUBE. Which statement is true about a back-to-back LC? (Choose the best answer.)
- A. All active and authorized export LCs are available for linkage, irrespective of different counter parties.
- B. Amendment, cancellation, or close of an export LC that is linked to an import LC is not possible.
- C. it is possible to enable the back-to-back flag only for an export LC.
- D. An export LC can be linked to only one import LC.
Correct Answer: D 🗳️
