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

Question No: 41

During liquidation of Teller transactions, if the system detects insufficient funds in an account, the subsequent credit that happens to the settlement account needs to be blocked. How is this achieved in the system? (Choose the best answer.)

  1. by enabling auto liquidation

  2. by enabling the overdraft facility

  3. by enabling track receivable

  4. by enabling cash GL (General Ledger) posting

Answer: C

Question No: 42

What does starting a customer session enable a bank user to do? (Choose the best answer.)

  1. Demonstrate the bank#39;s offerings to customers in simulated mode.

  2. Display various interest rates to a customer.

  3. Automatically get a customer#39;s customer number and account details in transactions.

  4. Record customer requests and complaints in the system.

Answer: C

Question No: 43

What is the maximum number of charges that can be attached to a Retail Teller product? (Choose the best answer.)

  1. three

  2. four

  3. five

  4. unlimited

Answer: C

Question No: 44

A bank would like to give the option of bill discounting to an exporter against 100 percent collateral in the form of deposits. On which tab of the contract screen would you input the collateral details9 (Choose the best answer.)

  1. fields

  2. collateral

  3. linkages

  4. settlement

Answer: B

Question No: 45

Which liability is reduced in the system on booking a bill under a Letter of Credit opened by a customer? (Choose the best answer.)

  1. Acceptance liability

  2. LC liability

  3. Bill liability

  4. Collection liability

Answer: B

Question No: 46

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)

  1. straight line method

  2. written down value

  3. activity depreciation method

D sum of digits depreciation method

Answer: A

Question No: 47

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#39;s country. From that point forward, the cost relating to the freight, transit insurance, and clearing of goods for import are the buyer#39;s responsibility.

Which INCO term would suit this situation? (Choose the best answer.)

  1. Free Alongside Ship (FAS)

  2. Cost and Freight (CFR)

  3. Free on Board (FOB)

  4. Cost, Insurance, and Freight (CIF)

Answer: C

Question No: 48

Transfer of an LC can be performed in Oracle FLEXCUBE. Which statement is true about a transferable LC? (Choose the best answer)

  1. a transferable LC is where, at the request of a beneficiary (first beneficiary), the LC is made available in whole or in part to another beneficiary (second beneficiary)

  2. A transferred LC can be transferred at the request of a second beneficiary to any subsequent beneficiary.

  3. It is not possible to initiate the transfer of an LC to more than one secondary beneficiary on behalf of the primary or original beneficiary

  4. Change of parties is allowed for the old LC contract, as well as the new transferred LC contract

Answer: A

Question No: 49

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

  1. it passes accounting entries on the day of booking the contract.

  2. it does not pass accounting entries on the day of booking the contract.

  3. User defines accounting entries on the Value Date.

  4. it does not book future dated accounting entries.

Answer: B

Question No: 50

Different events are triggered during the life cycle of an LC contract. Which event is triggered on issuance of an import LC t (Choose the best answer?)

  1. BOOK

  2. BISS

  3. AVAL

  4. REIN

Answer: B

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