Oracle 1z0-415

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

1. In Landing Module, what are Settlement Bridge General Ledgers used to handle? (Choose the best answer.)

A) adjustment entries
B) multiple disbursement schedules
C) suspense entries
D) multiple modes of settlement

2. In which depreciation method does the amount of depreciation provided by a bank on a fixed asset not remain constant throughout the useful life of the asset? (Choose the best answer.)

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

3. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) The account is debited.
B) it depends on whether the customer account is Savings or Current.
C) The account is credited.
D) it depends on the currency being purchased.

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

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

5. A bank has entered into a foreign exchange forward contract with an exporter This forward exchange rate needs to be picked up by the system for all export bills handled for this exporter Which option satisfies this requirements (Choose the best answer.)

A) Capture the forward exchange rate on the Bill Contract screen. There is no need to create a foreign exchange contract.
B) Create a separate bill product and foreign exchange product for handling this requirement
C) Create a foreign exchange forward contract in the Foreign Exchange module of Oracle FLEXCUBE and link the same to the bill contract
D) Create a foreign exchange forward contract in the Foreign Exchange module of Oracle FLEXCUBE Use the user-defined fields to capture the exchange rate

Solutions: