Oracle 1z1-415 Exam : Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

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Oracle 1z1-415 Exam Syllabus Topics:

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

1. Which statement is true about a change of operation for an export bill that is not under LC? (Choose the best answer.)

A) Only a change of operation from collection to purchase is supported directly for an export bill that is not under LC.
B) a non-LC collection bill can be unlocked and the operation code can be changed from collection to discount if the same is allowed at the product level
C) Change of operation from collection to discount is supported only for LC-based transactions.
D) a non-LC collection bill must be liquidated first and on the same day and a discounted bill must be booked separately, in order to handle change of operation

2. Assume that the documents presented under a sight LC are not discrepant. When will the negotiating bank pay the exporter after presentation of these documents?

A) after obtaining confirmation from the LC issuing bank
B) immediately
C) within five working days
D) within two working days

3. Which two frequency types can you configure for revaluation in a foreign exchange product? (Choose two.)

A) annually
B) weekly
C) monthly
D) daily

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

5. The operation code "acceptance" is applicable for both export and import bills For the operation code "acceptance,1' identify the change of operation that is applicable only for import bills. (Choose the best answer.)

A) acceptance to discount
B) acceptance to purchase
C) acceptance to advance
D) acceptance to forfeiting

Solutions: