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Oracle 1z1-415 real answers - Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

1z1-415
  • Exam Code: 1z1-415
  • Exam Name: Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials
  • Updated: Oct 16, 2025
  • Q & A: 85 Questions and Answers
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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:

1. What does in-house cheque deposit refer to? (Choose the best answer.)

A) a customer of a bank depositing a cheque into the bank's GL account
B) a bank depositing a cheque given by a customer of the bank into its own account
C) a customer of a bank depositing a cheque into a related customer's account D a customer of a bank depositing a cheque of the same bank belonging to another customer into the account


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


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

A) A transferred LC can be transferred at the request of a second beneficiary to any subsequent beneficiary.
B) 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
C) 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)
D) Change of parties is allowed for the old LC contract, as well as the new transferred LC contract


4. In trade finance, forfaiting involves the purchase of receivables from exporters. Which statement is true about forfaiting in the Bills module of Oracle FLEXCUBE? (Choose the best answer.)

A) A new operation "forfaiting11 has been introduced at the product level
B) Forfaiting is allowed as a new operation at the Bill Contract level.
C) A separate menu operation for forfaiting is introduced that can be mapped to a bill product
D) The system will not allow forfaiting as an operation while creating a product Only a change of operation to forfaiting is allowed.


5. Home loans are given at a fixed interest rate of 10%. The rate now must be increased to 11 %. How can this be done in the system? (Choose the best answer.

A) by amending the UDE value on the Value Dated Amendment screen
B) by changing the interest rate on the UDE values screen
C) by changing the rate value in Loan Account UDEs
D) by unlocking the loan account and changing the value on the Interest tab


Solutions:

Question # 1
Answer: A
Question # 2
Answer: D
Question # 3
Answer: C
Question # 4
Answer: B
Question # 5
Answer: B

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