Oracle Oracle FLEXCUBE 1z1-415

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

1. A bank uses the tracer function in the Bills module to send automatic swift tracer messages that seek acceptance of usance bills. The bank's requirement is that the sending of tracers should be stopped after receiving an acceptance message.
How should you handle this? (Choose the best answer.)

A) Unlock the bill contract and input the "acceptance message date," which will stop additional tracers.
B) Unlock the bill contract and select the "stop tracer option.
C) Upload the incoming Acceptance message" into the bill contract by using the straight through processing option.
D) Select the "auto tracer stop' option at the Bill product level.

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

3. 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)

A) Fixed Asset and Asset Management
B) Fixed Asset and Teller
C) Fixed Asset and Expense Processing
D) Fixed Asset and Allocation

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

5. A bank wants payment fate tracers to be generated automatically by the system. To which event should this tracer be attached and what is the name of this advice?

A) TDIS event and DISCAPPRVLJRCR advice
B) TPFT event and PAYMNTFATE_TRCR advice
C) TPFT event and RESERVE_RELEASE advice
D) TDIS event and PAYMNTFATE_TRCR advice

Solutions:

Question # 1 Answer: A

Question # 2 Answer: B

Question # 3 Answer: C

Question # 4 Answer: A

Question # 5 Answer: B