Try Oracle : 1z0-415 valid & accurate questions and answers
Updated: May 31, 2026
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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
1. Identify two types of money market contracts where the maturity date is not input by a user. (Choose two.)
A) call
B) fixed
C) floating
D) notice
2. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)
A) The account is debited.
B) it depends on whether the customer account is Savings or Current.
C) The account is credited.
D) it depends on the currency being purchased.
3. 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) straight line method
B) activity depreciation method D sum of digits depreciation method
C) written down value
4. Which three operations are not allowed for a product with the Discounted Straight Line method of revaluation? (Choose three.)
A) limits tracking
B) rollover
C) partial payment
D) cancellation
5. For an Outgoing cross currency funds transfer, what is the amount tag for the debit and credit transaction entries of the transfer? (Choose the best answer.)
A) Amt_Equiv for both the legs
B) Trf_Amt and Amt_Equiv, respectively
C) Trf_Amt for both the legs
D) Amt_Equiv and Trf_Amt, respectively
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B,C,D | Question # 5 Answer: C |
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