2018 Jan Oracle Official New Released 1z0-415
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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

Question No: 11

Identify the correct function ID to access the Bill Contract screen. (Choose the best answer)





Answer: B

Question No: 12

Identify two types of money market contracts where the maturity date is not input by a user. (Choose two.)

  1. fixed

  2. notice

  3. call

  4. floating

Answer: B,C

Question No: 13

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.)

  1. Sweep (in and out)

  2. Payment

  3. Collection

  4. Variable Payment

Answer: B

Question No: 14

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.

  1. by changing the rate value in Loan Account UDEs

  2. by amending the UDE value on the Value Dated Amendment screen

  3. by changing the interest rate on the UDE values screen

  4. by unlocking the loan account and changing the value on the Interest tab

Answer: C

Question No: 15

What happens if a contract is marked for auto liquidation and the liquidation day turns out to be a holiday? (Choose the best answer.)

  1. The system liquidates based on the product-level parameters.

  2. The system liquidates based on the contract-level parameters.

  3. The user liquidates the deal manually by invoking the payment screen.

  4. The liquidation does not take place.

Answer: B

Question No: 16

Merchandise can be classified and maintained in Oracle FLEXCUBE. Where would you maintain the merchandise that is involved in a trade transaction with an underlying LC? (Choose the best answer.)

  1. Merchandise code maintenance

  2. Commodity Code maintenance

  3. INCO terms maintenance

  4. Documents maintenance

Answer: B

Question No: 17

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.)

  1. February 28, 2014

  2. March 1.2014

  3. March 2. 2014

  4. None. LCs cannot revolve in time.

Answer: C

Question No: 18

What would be Ihe status of a request for a debit transaction if it is not approved within the specified response time? (Choose the best answer)

  1. settled

  2. closed

  3. rejected D recalled

Answer: B

Question No: 19

Oracle FLEXCUBE offers inbuilt and automatic linkage between various modules. Identify the correct linkage that is applicable to the Fixed Asset (FA) module. (Choose the best answer)

  1. Fixed Asset and Teller

  2. Fixed Asset and Expense Processing

  3. Fixed Asset and Asset Management

  4. Fixed Asset and Allocation

Answer: B

Question No: 20

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

  1. partial payment

  2. cancellation

  3. limits tracking

  4. rollover

Answer: A,B,D

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