Oracle Oracle FLEXCUBE 1z0-415

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Oracle 1z0-415 Exam Syllabus Topics:

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

Question #1
A trade agreement stipulates that a seller is responsible for securing export clearance and for placing the goods on board a ship in the seller's country. From that point forward, the cost relating to the freight, transit insurance, and clearing of goods for import are the buyer's responsibility.
Which INCO term would suit this situation? (Choose the best answer.)

A. Cost, Insurance, and Freight (CIF)
B. Free on Board (FOB)
C. Free Alongside Ship (FAS)
D. Cost and Freight (CFR)

Question #2
A Forward Buy Contract is opened on January 1,2014 with a product of type Forward, which supports the Option Date feature and a maximum tenor of 12 months. Which three options can this Contract be opened with? (Choose three.)

A. Contract Value Date = October 31.2014; Option Date = October 31.2014
B. Contract Value Date = January 1, 2014; Option Date = January 15.2014
C. Contract Value Date = December 31. 2014; Option Date = December 25, 2014
D. Contract Value Date = January 1, 2014; Option Date = November 30, 2014

Question #3
In LC Product Maintenance, different product types can be maintained. Which product type should be used if the LC is not backed by documents? (Choose the best answer)

A. Clean LC
B. import LC
C. Export LC
D. Standby Guarantee

Question #4
In which product type are foreign exchange cash deal products configured? (Choose the best answer.)

A. spot
B. cash
C. forward
D. Non Deliverable Forward

Question #5
The status of an installment changes from Normal to Past Due Obligation. A bank wants to levy a charge of $5 USD on it. How can the charge be defined and levied?(Choose the best answer)

A. Define the charge as a component at the Product Component Class level and link it at the Account level status change.
B. Define the charge as an UDE and link it at the Installment level status change
C. Define the charge as a component at the Product level and link it on the Loan Account Charges screen.
D. Define the charge as a component at the Product Component Class level Default the component by mapping the Component Class to the Product and link the charge component at the Installment level status change.

Solutions: