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: Jun 15, 2026

Q & A: 85 Questions and Answers

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

1. 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) activity depreciation method D sum of digits depreciation method
B) straight line method
C) written down value


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

A) a Reconciliation Class type is both Mirror and Replication.
B) a Reconciliation Class type can be Mirror or Replication.
C) Several rules constitute a Reconciliation Class.
D) a rule sequence number is entered manually for the rules that are attached to a Reconciliation Class.


3. Assuming that a bank entered into a USD Spot Deal with a customer on Monday, January 15, and that there are no holidays during the week, on which date will the transaction be settled in the system? (Choose the best answer.)

A) as per the Spot days maintained on the Bank Parameters screen
B) as per the Spot days maintained on the Currency Definition screen for USD
C) as per the Spot days maintained on the Branch Parameters screen
D) as per the Spot days maintained on the Currency Pair Definition screen for USD


4. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) it depends on the currency being purchased.
B) The account is credited.
C) it depends on whether the customer account is Savings or Current.
D) The account is debited.


5. In which depreciation method does the amount of depreciation provided by a bank on a fixed asset not remain constant throughout the useful life of the asset? (Choose the best answer.)

A) wntten down value
B) straight line method
C) sum of digits depreciation method
D) activity depreciation method


Solutions:

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

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