Oracle 1z0-415 : 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. For a revolving-in-time LC that was issued on January 1,2014 with a reinstatement frequency of 60 days, what would be the next reinstatement date? (Choose the best answer.)

A) March 1.2014
B) None. LCs cannot revolve in time.
C) March 2. 2014
D) February 28, 2014

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

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

3. A Forward Buy Contract is opened on January 1,2014 with a product of type Forward, which supports the Option Date feature and a maximum tenor of 12 months. Which three options can this Contract be opened with? (Choose three.)

A) Contract Value Date = October 31.2014; Option Date = October 31.2014
B) Contract Value Date = January 1, 2014; Option Date = November 30, 2014
C) Contract Value Date = December 31. 2014; Option Date = December 25, 2014
D) Contract Value Date = January 1, 2014; Option Date = January 15.2014

4. In a particular depreciation method, the amount of depreciation provided by a bank on a fixed asset remains constant throughout the useful life of the asset. Which is this method? (Choose the best answer)

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

5. A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

A) MT747
B) MT740
C) MT752
D) MT742

Solutions: