Oracle 1z0-415 : Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

1z0-415 real exams

Exam Code: 1z0-415

Exam Name: Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

Updated: May 26, 2026

Q & A: 85 Questions and Answers

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

1. An exporter intends to bid for a software project in another country. What kind of facility should the exporter avail of a bank in order to participate in the bidding? (Choose the best answer.)

A) Letter of Credit
B) Indemnity
C) Guarantee
D) Deposits


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

A) Define the external account.
B) Match rule sequence is insignificant
C) Incorporate many rules into a class.
D) indicate whether the matching type is Mirroring or Replication.


3. In which product type are foreign exchange cash deal products configured? (Choose the best answer.)

A) Non Deliverable Forward
B) forward
C) cash
D) spot


4. 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.


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


Solutions:

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

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