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Oracle 1z1-415 Exam Syllabus Topics:

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

1. A bank wants to charge depreciation tor an asset at the rate ot 20%, 30%, 25%, b%, and 20% tor the tirst year, second year, and so on till the last year How should you indicate this on the Depreciation Rule Mapping screen? (Choose the best answer.)

A) activity depreciation
B) rule-based
C) combination of rule-based and ad hoc
D) ad hoc

2. 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) CLOS
B) AMND
C) REFP
D) PRNP

3. A trade agreement stipulates that a seller is responsible for securing export clearance and for placing the goods on board a ship in the seller's country. From that point forward, the cost relating to the freight, transit insurance, and clearing of goods for import are the buyer's responsibility.
Which INCO term would suit this situation? (Choose the best answer.)

A) Cost, Insurance, and Freight (CIF)
B) Free on Board (FOB)
C) Cost and Freight (CFR)
D) Free Alongside Ship (FAS)

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

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

5. A Letter or Credit issue can be confirmed by a bank. Which bank confirms a Letter or Credit (Choose the best answer?)

A) the collecting bank
B) the paying bank
C) the advising bank
D) the confirming bank

Solutions: