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: Sep 18, 2026
- Q & A: 85 Questions and Answers
About Oracle 1z1-415 Exam
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Oracle 1z1-415 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Interfaces and Integration | - External system integration
|
| Topic 2: FLEXCUBE Architecture Overview | - System architecture and components
|
| Topic 3: Security and User Management | - Access control
|
| Topic 4: Core Banking Configuration | - Deposits and loans
|
| Topic 5: Payments and Channels | - Payment processing
|
| Topic 6: Accounting and Financial Integration | - General ledger integration
|
| Topic 7: Batch Processing and Operations | - End-of-day processing
|
| Topic 8: Product and Pricing Configuration | - Product setup and lifecycle
|
Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
Which statement is true about a change of operation for an export bill that is not under LC? (Choose the best answer.)
- A. Change of operation from collection to discount is supported only for LC-based transactions.
- B. Only a change of operation from collection to purchase is supported directly for an export bill that is not under LC.
- C. 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
- D. 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
Correct Answer: B 🗳️
What does the product type "b" on the Lc product Definition screen stand for? (Choose the best answer.)
- A. Usance payment LC
- B. Secured LC
- C. Reimbursement type LC
- D. Standby LC
- E. Shipping Guarantee
Correct Answer: E 🗳️
A customer wants to set up utility bill payment. What product type must you select? (Choose the best answer.)
- A. sweep out transactions
- B. standing payment orders
- C. variable payment orders
- D. standing collection orders
Correct Answer: C 🗳️
Events and accounting entries are define in the product definition, i ne accounting entries in events are not mandatory tor a configured bi Product. A business user updates the Contract status manually to amend the payment status for the contracts under this SI Product.
Which SI Product is used to book a Contract to track only the payment status? (Choose the best answer.)
- A. Sweep (in and out)
- B. Variable Payment
- C. Collection
- D. Payment
Correct Answer: D 🗳️
What benefit does an exporter get when asking for a documentary credit (LC) to be confirmed by the advising or negotiating bank? (Choose the best answer.)
- A. Confirmation of the LC removes all discrepancies in the documents submitted.
- B. Confirmation of the LC ensures that the goods that are exported are of very high quality.
- C. There is no benefit. LC confirmation is a practice that banks follow to earn more revenue.
- D. After confirming the LC, the advising or negotiating bank will pay or promise to pay against presented documents, which after checking are found to be as
Correct Answer: D 🗳️
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