Learn with Oracle : 1z1-415 training material for 100% pass
Updated: Jul 17, 2026
No. of Questions: 85 Questions & Answers with Testing Engine
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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
1. An export bill under a Letter of Credit is negotiated for $75,000 USD on August 1 st. On August 3rd, a reimbursement claim (MT 742) is raised by the negotiating bank on the reimbursing bank for $75,000 USD. The reimbursing bank honors the claim. Assuming that the reimbursing bank uses Oracle FLEXCUBE, how is this transaction handled in the system? (Choose the best answer.)
A) Oracle FLEXCUBE does not support handling of trade transactions from the point of view of a reimbursing bank.
B) The reimbursing bank books a bill contract under the Letter of Credit for capturing the details of MT742. On liquidation of this bill contract, a payment message is generated to honor the claim.
C) The reimbursing bank uses the Funds Transfer module for sending the MT202 message that honors this claim.
D) The MT742 message can be viewed in the incoming browser of the messaging module of Oracle FLEXCUBE. A stand-alone MT202 message is created and sent from the outgoing browser of the messaging module.
2. Which two statements are true in defining a Reconciliation Class? (Choose two.)
A) Define the external account.
B) Incorporate many rules into a class.
C) indicate whether the matching type is Mirroring or Replication.
D) Match rule sequence is insignificant
3. Which two are possible matching types for reconciliation? (Choose two.)
A) suggested
B) confirmed
C) identical
D) replicated
4. Where should you configure Spot Days for deals? (Choose the best answer.)
A) in the Bank Level parameter
B) in the Currency Level parameter
C) in the Branch Level parameter
D) in the foreign exchange Products Level parameter
5. A bank owns 50 computer tables whose useful life has been set as 20 years. The depreciation method for these assets is set as the straight line method. The bank wants to determine the value of these tables at the end of their useful life.
What would the value be? (Choose the best answer.)
A) 1
B) almost 0
C) equal to the original cost of the new asset of the same type
D) o
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,B | Question # 3 Answer: A,B | Question # 4 Answer: B | Question # 5 Answer: D |
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