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Oracle 1z0-415 Exam Syllabus Topics:

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

1. What does the product type "b" on the Lc product Definition screen stand for? (Choose the best answer.)

A) Usance payment LC
B) Standby LC
C) Shipping Guarantee
D) Reimbursement type LC
E) Secured LC

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

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

3. Events and accounting entries are define in the product definition, i ne accounting entries in events are not mandatory tor a configured bi Product. A business user updates the Contract status manually to amend the payment status for the contracts under this SI Product.
Which SI Product is used to book a Contract to track only the payment status? (Choose the best answer.)

A) Sweep (in and out)
B) Variable Payment
C) Payment
D) Collection

4. 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) sweep out transaction ons
C) variable payment transactions
D) standing payment orders

5. What does the system do when a future value dated deal is entered? (Choose the best answer.)

A) User defines accounting entries on the Value Date.
B) it does not pass accounting entries on the day of booking the contract.
C) it does not book future dated accounting entries.
D) it passes accounting entries on the day of booking the contract.

Solutions: