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

  • Exam Code: 1z1-415
  • Exam Name: Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials
  • Updated: Aug 29, 2025
  • Q & A: 85 Questions and Answers

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

1. Which statement is true about a change of operation for an export bill that is not under LC? (Choose the best answer.)

A) a non-LC collection bill must be liquidated first and on the same day and a discounted bill must be booked separately, in order to handle change of operation
B) a non-LC collection bill can be unlocked and the operation code can be changed from collection to discount if the same is allowed at the product level
C) Only a change of operation from collection to purchase is supported directly for an export bill that is not under LC.
D) Change of operation from collection to discount is supported only for LC-based transactions.


2. Which liability is reduced in the system on booking a bill under a Letter of Credit opened by a customer? (Choose the best answer.)

A) Collection liability
B) LC liability
C) Bill liability
D) Acceptance liability


3. If an Outgoing Request for a debit transaction is approved, what would it result in? (Choose the best answer.)

A) incoming direct debit
B) incoming payment C outgoing direct debit
C) outgoing payment


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

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


5. A customer wants to set up utility bill payment. What product type must you select? (Choose the best answer.)

A) standing payment orders
B) sweep out transactions
C) variable payment orders
D) standing collection orders


Solutions:

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

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