Oracle 1z1-415

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

1. The operation code "acceptance" is applicable for both export and import bills For the operation code "acceptance,1' identify the change of operation that is applicable only for import bills. (Choose the best answer.)

A) acceptance to purchase
B) acceptance to discount
C) acceptance to advance
D) acceptance to forfeiting

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

3. A usance import bill that is not under a Letter of Credit has been received for 510,000 USD. The drawer has not made a payment for the bill. The drawer has requested the collecting bank (importer's bank) to protest on the drawer's behalf. What event should be attached to support this function'? (Choose the best answer.)

A) REFP
B) AMND
C) PRNP
D) CLOS

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. Which statement is true about lodging export bills that are not under LC? (Choose the best answer.)

A) These are collection bills governed by URC 722. The system does not allow you to input and save any discrepancies noted for collection bills.
B) These are collection bills governed by URC 522. The system does not allow you to save a collection bill with discrepancies.
C) These are collection bills governed by URC 722. The system allows you to input and save any discrepancies noted for collection bills.
D) These are collection bills governed by URC 522. The system allows you to input and save any discrepancies noted for collection bills.

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