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

1z1-415
  • Exam Code: 1z1-415
  • Exam Name: Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials
  • Updated: Dec 09, 2025
  • Q & A: 85 Questions and Answers
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  • PDF Price: $59.98
  • Oracle 1z1-415 Value Pack

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  • PDF Version + PC Test Engine + Online Test Engine (free)
  • Value Pack Total: $79.98

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

1. 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.


2. In the Lending Product FRCLPROD, INTEREST_RATE is attached to a Rate Code LIBOR. The LIBOR changes daily, resulting in UDE value changes. The product configuration requires that INTEREST_RATE is linked to LIBOR as on the date of creation for the next X years (X varies for different customers) and be changed thereafter.
Which option best satisfies this requirement? {Choose the best answer.)

A) Create different Rate Codes for each of the X periods
B) Use the already created Rate Code (attached to LIBOR) and have a Rate Revision Schedule, which changes after X years
C) Create different products for each of the X variants.
D) Such a product code cannot be defined without code changes


3. What is the maximum number of charges that can be attached to a Retail Teller product? (Choose the best answer.)

A) five
B) three
C) unlimited
D) four


4. What does the system do when a future value dated deal is entered? (Choose the best answer.)

A) User defines accounting entries on the Value Date.
B) it does not pass accounting entries on the day of booking the contract.
C) it passes accounting entries on the day of booking the contract.
D) it does not book future dated accounting entries.


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


Solutions:

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

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