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Oracle 1z1-415 Exam Syllabus Topics:

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

1. Home loans are given at a fixed interest rate of 10%. The rate now must be increased to 11 %. How can this be done in the system? (Choose the best answer.

A) by changing the interest rate on the UDE values screen
B) by unlocking the loan account and changing the value on the Interest tab
C) by changing the rate value in Loan Account UDEs
D) by amending the UDE value on the Value Dated Amendment screen

2. Which two statements are true in defining a Reconciliation Class? (Choose two.)

A) indicate whether the matching type is Mirroring or Replication.
B) Incorporate many rules into a class.
C) Match rule sequence is insignificant
D) Define the external account.

3. Assuming that a bank entered into a USD Spot Deal with a customer on Monday, January 15, and that there are no holidays during the week, on which date will the transaction be settled in the system? (Choose the best answer.)

A) as per the Spot days maintained on the Currency Definition screen for USD
B) as per the Spot days maintained on the Currency Pair Definition screen for USD
C) as per the Spot days maintained on the Bank Parameters screen
D) as per the Spot days maintained on the Branch Parameters screen

4. Where should you configure Spot Days for deals? (Choose the best answer.)

A) in the Bank Level parameter
B) in the Currency Level parameter
C) in the foreign exchange Products Level parameter
D) in the Branch Level parameter

5. What happens if a contract is marked for auto liquidation and the liquidation day turns out to be a holiday? (Choose the best answer.)

A) The system liquidates based on the product-level parameters.
B) The user liquidates the deal manually by invoking the payment screen.
C) The liquidation does not take place.
D) The system liquidates based on the contract-level parameters.

Solutions: