Free Oracle 1z1-415 Exam Dumps Questions & Answers


Exam Code/Number:	1z1-415Join the discussion
Exam Name:	Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials
Certification:	Oracle
Free Question Number:	85
Publish Date:	Aug 09, 2026
# of views:	2618
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Page: 1 / 17
Total 85 questions

Question 1

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

Question 2

Oracle FLEXCUBE offers inbuilt and automatic linkage between various modules. Identify the correct linkage that is applicable to the Fixed Asset (FA) module. (Choose the best answer)

A.Fixed Asset and Expense Processing
B.Fixed Asset and Asset Management
C.Fixed Asset and Allocation
D.Fixed Asset and Teller

Question 3

A back-dated loan is initiated and "Liquidate Back Valued Schedules" is set to Yes at the account level. Which statement is true? (Choose the best answer.)

A.Accounting entries related to an Accrual event for back-dated schedules are passed when the account is saved. However, accounting entries for an ALIQ event for back-dated schedules are passed only during EO
B.Accounting entries related to an Accrual event and an ALIQ event for back-dated schedules are passed when the loan account is saved.
C.Accounting entries related to an Accrual event and an ALIQ event for back-dated schedules are passed only during EOD
D.Accounting entries related to an Accrual event for back-dated schedules are passed when the account is saved. However, accounting entries for an ALIQ event for back-dated schedules are passed when the loan account is authorized

Question 4

What does a teller use Transfer Cash From Vault for? (Choose the best answer.)

A.to sell cash and travelers' cheques
B.to sell only cash
C.to buy cash and travelers' cheques
D.to buy only cash

Question 5

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.Change of parties is allowed for the old LC contract, as well as the new transferred LC contract
C.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
D.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)