Oracle 1z0-415

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

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

2. What does the field SI Amount refer to while processing sweep-in transactions?
(Choose the best answer.)

A) balance in the debit account that should trigger the sweep
B) balance in the credit account that should trigger the sweep
C) amount to be swept i n
D) minimum sweep amount

3. In a particular depreciation method, the amount of depreciation provided by a bank on a fixed asset remains constant throughout the useful life of the asset. Which is this method? (Choose the best answer)

A) straight line method
B) activity depreciation method D sum of digits depreciation method
C) written down value

4. What does a teller use Transfer Cash From Vault for? (Choose the best answer.)

A) to sell cash and travelers' cheques
B) to sell only cash
C) to buy cash and travelers' cheques
D) to buy only cash

5. Which three operations are not allowed for a product with the Discounted Straight Line method of revaluation? (Choose three.)

A) partial payment
B) limits tracking
C) rollover
D) cancellation

Solutions: