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Oracle 1z0-415 Exam Syllabus Topics:

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

1. In case an auto authorization limit is not specified in PC Source Parameter Maintenance, what would happen to transactions that belong to the customer, source, and product category combination'? (Choose the best answer.)

A) The transactions are automatically directed to a referral queue
B) The transactions are rejected
C) The transactions must be manually authorized.
D) The transactions are automatically authorized on upload.

2. Tenors can be maintained at the LC product level and defaulted at the contract level. Which tenor maintained on the Product Preference screen would default at the contract level'? (Choose the best answer.)

A) Maximum
B) Minimum
C) Standard
D) Minimum, Maximum, and Standard

3. What does the system do when a future value dated deal is entered? (Choose the best answer.)

A) it does not pass accounting entries on the day of booking the contract.
B) User defines accounting entries on the Value Date.
C) it does not book future dated accounting entries.
D) it passes accounting entries on the day of booking the contract.

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

5. A money market Borrowing Contract is created. The Contract Value date is January 1,2014 and the Maturity date is March 31,2014. The customer then approaches the bank and requests extension of the Contract. The new Maturity date is April 2,2014.
On which screen would you perform the extension of this Contract? (Choose the best answer.)

A) Money Market Rollover
B) Money Market Contract Schedule
C) Money Market Rollover, Money Market Contract Schedule, and Money Market Value Dated Amendment
D) Money Market Value Dated Amendment

Solutions: