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1Z0-415 | Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

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Exam Number 1Z0-415
Exam Name Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials
Questions 82 Q & A
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Test Name : Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials
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Q&A : 82 Dumps Questions

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query: 1

What does the box SI volume confer with whereas processing sweep-in transactions?

(select the optimum reply.)

A. quantity to be swept i n

B. minimum sweep quantity

C. steadiness within the debit account that may still trigger the sweep

D. steadiness in the credit account that should set off the sweep

answer: B

question: 2

A alternate contract stipulates that a seller is responsible for securing export clearance and for placing the items on board a ship within the vendor’s nation. From that factor ahead, the cost relating to the freight, transit insurance, and clearing of goods for import are the purchaser’s responsibility.

Which INCO term would suit this condition? (opt for the choicest reply.)

A. Free Alongside Ship (FAS)

B. can charge and Freight (CFR)

C. Free on Board (FOB)

D. can charge, coverage, and Freight (CIF)

answer: C

query: 3

anticipate that the files presented below a sight LC aren't discrepant. When will the negotiating bank pay the exporter after presentation of these documents?

A. inside 5 working days

B. instantly

C. within two working days

D. after obtaining affirmation from the LC issuing financial institution

reply: B

query: four

A bank wishes fee fate tracers to be generated automatically by the gadget. To which experience may still this tracer be connected and what is the identify of this tips?

A. TPFT experience and PAYMNTFATE_TRCR tips

B. TDIS adventure and PAYMNTFATE_TRCR suggestions

C. TPFT adventure and RESERVE_RELEASE tips

D. TDIS adventure and DISCAPPRVLJRCR advice

reply: A

query: 5

An export invoice under a Letter of credit score is negotiated for $seventy five,000 USD on August 1 st. On August 3rd, a repayment claim (MT 742) is raised by the negotiating bank on the reimbursing bank for $75,000 USD. The reimbursing financial institution honors the declare. Assuming that the reimbursing financial institution uses Oracle FLEXCUBE, how is that this transaction handled in the equipment? (choose the choicest reply.)

A. Oracle FLEXCUBE does not aid managing of trade transactions from the element of view of a reimbursing financial institution.

B. The reimbursing financial institution makes use of the funds transfer module for sending the MT202 message that honors this claim.

C. The reimbursing financial institution books a invoice contract beneath the Letter of credit for shooting the details of MT742. On liquidation of this bill contract, a charge message is generated to honor the claim.

D. The MT742 message may also be considered in the incoming browser of the messaging module of Oracle FLEXCUBE. A stand-alone MT202 message is created and sent from the outgoing browser of the messaging module.

reply: C

query: 6

The repute of an installment changes from commonplace to overdue obligation. A financial institution wants to levy a charge of $5 USD on it. How can the cost be defined and levied?(choose the best answer)

A. outline the cost as a element on the Product part type stage Default the part by way of mapping the component type to the Product and hyperlink the can charge element on the Installment level popularity alternate.

B. outline the charge as a element at the Product component classification stage and hyperlink it on the Account level status alternate.

C. outline the charge as an UDE and hyperlink it on the Installment level repute exchange

D. define the can charge as a part on the Product degree and link it on the loan Account costs monitor.

reply: A

query: 7

The fame of an installment alterations from usual to late duty. A bank wants to levy a charge of $5 USD on it. How can the can charge be described and levied?(opt for the optimal answer)

A. outline the can charge as a component on the Product part class degree Default the element through mapping the element type to the Product and hyperlink the charge element at the Installment degree reputation trade.

B. outline the charge as a part at the Product component class degree and hyperlink it at the Account stage popularity change.

C. outline the can charge as an UDE and link it at the Installment stage repute exchange

D. outline the charge as a element at the Product level and hyperlink it on the loan Account costs monitor.

answer: A

query: 8

A financial institution owns 50 computer tables whose positive life has been set as two decades. The depreciation system for these assets is determined because the straight line formulation. The financial institution wants to assess the cost of these tables at the conclusion of their useful existence.

What would the price be? (choose the most efficient answer.)

A. 1

B. o

C. well-nigh 0

D. equal to the usual charge of the brand new asset of the identical type

reply: B

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