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Oracle 1z1-415 Exam Syllabus Topics:

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

Question 1

A Forward Buy Contract is opened on January 1,2014 with a product of type Forward, which supports the Option Date feature and a maximum tenor of 12 months. Which three options can this Contract be opened with? (Choose three.)

A. Contract Value Date = December 31. 2014; Option Date = December 25, 2014
B. Contract Value Date = January 1, 2014; Option Date = November 30, 2014
C. Contract Value Date = October 31.2014; Option Date = October 31.2014
D. Contract Value Date = January 1, 2014; Option Date = January 15.2014

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

Question 3

A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

A. MT742
B. MT747
C. MT740
D. MT752

Question 4

A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

A. MT742
B. MT747
C. MT740
D. MT752

Question 5

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

A. BCDTRONL
B. BCDCONON
C. BCDTRNON
D. BCDCONOL

Solutions: