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Oracle 1z1-415 Exam Syllabus Topics:

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

Question 1

A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

A. MT747
B. MT752
C. MT742
D. MT740

Question 2

How many charge rules can be associated with a funds transfer product code? (Choose the best answer)

A. nil
B. one
C. two
D. as many as possible

Question 3

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. Standard
C. Minimum
D. Minimum, Maximum, and Standard

Question 4

Identify four Document Clause types that are available in the system for the LC module. (Choose four.)

A. others
B. certificates
C. invoice
D. packing list
E. drafts
F. transport
G. insurance

Question 5

Different parties are involved when an import LC is issued. Which group of parties are involved while booking an import LC transaction? (Choose the best answer)

A. the applicant and the issuing bank
B. the applicant, the beneficiary, and the issuing bank
C. the applicant, the beneficiary, and the advising bank
D. the applicant and the advising bank

Solutions: