1z0-415 by Oracle Actual Free Exam Questions And Answers

Question 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

Discussion 0

Correct Answer: A Vote an answer

Question 2

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. activity depreciation method D sum of digits depreciation method

B. written down value

C. straight line method

Discussion 0

Correct Answer: C Vote an answer

Question 3

What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A. it depends on the currency being purchased.

B. The account is credited.

C. it depends on whether the customer account is Savings or Current.

D. The account is debited.

Discussion 0

Correct Answer: B Vote an answer

Question 4

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

A. it does not book future dated accounting entries.

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. User defines accounting entries on the Value Date.

Discussion 0

Correct Answer: B Vote an answer

Question 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

Discussion 0

Correct Answer: B Vote an answer

Question 6

Which two statements are true in defining a Reconciliation Class? (Choose two.)

A. Match rule sequence is insignificant

B. Define the external account.

C. indicate whether the matching type is Mirroring or Replication.

D. Incorporate many rules into a class.

Discussion 0

Correct Answer: B,D Vote an answer

Question 7

What does starting a customer session enable a bank user to do? (Choose the best answer.)

A. Display various interest rates to a customer.

B. Automatically get a customer's customer number and account details in transactions.

C. Record customer requests and complaints in the system.

D. Demonstrate the bank's offerings to customers in simulated mode.

Discussion 0

Correct Answer: B Vote an answer

Question 8

During liquidation of Teller transactions, if the system detects insufficient funds in an account, the subsequent credit that happens to the settlement account needs to be blocked. How is this achieved in the system? (Choose the best answer.)

A. by enabling track receivable

B. by enabling cash GL (General Ledger) posting

C. by enabling auto liquidation

D. by enabling the overdraft facility

Discussion 0

Correct Answer: A Vote an answer

Question 9

The status of an installment changes from Normal to Past Due Obligation. A bank wants to levy a charge of $5 USD on it. How can the charge be defined and levied?(Choose the best answer)

A. Define the charge as an UDE and link it at the Installment level status change

B. Define the charge as a component at the Product level and link it on the Loan Account Charges screen.

C. Define the charge as a component at the Product Component Class level Default the component by mapping the Component Class to the Product and link the charge component at the Installment level status change.

D. Define the charge as a component at the Product Component Class level and link it at the Account level status change.

Discussion 0

Correct Answer: C Vote an answer

Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials - 1z0-415 Exam Practice Test

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