Oracle 1z1-415 : Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

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

1. Which product type would you choose for moving funds from one account to another beyond a predefined level? (Choose the best answer.)

A) standing collection orders
B) variable payment transactions
C) standing payment orders
D) sweep out transaction ons

2. Which two frequency types can you configure for revaluation in a foreign exchange product? (Choose two.)

A) monthly
B) daily
C) weekly
D) annually

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

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

5. Which three are methods of revaluation used in a foreign exchange product? (Choose three.)

A) redonimation
B) rebate
C) Net Present Value
D) straight line

Solutions: