Oracle : 1z1-415 Questions & Answers
Updated: Jun 22, 2026
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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
1. Transfer of an LC can be performed in Oracle FLEXCUBE. Which statement is true about a transferable LC? (Choose the best answer)
A) 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
B) 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)
C) A transferred LC can be transferred at the request of a second beneficiary to any subsequent beneficiary.
D) Change of parties is allowed for the old LC contract, as well as the new transferred LC contract
2. What happens if a contract is marked for auto liquidation and the liquidation day turns out to be a holiday? (Choose the best answer.)
A) The system liquidates based on the contract-level parameters.
B) The user liquidates the deal manually by invoking the payment screen.
C) The system liquidates based on the product-level parameters.
D) The liquidation does not take place.
3. 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 and Trf_Amt, respectively
B) Trf_Amt and Amt_Equiv, respectively
C) Trf_Amt for both the legs
D) Amt_Equiv for both the legs
4. Merchandise can be classified and maintained in Oracle FLEXCUBE. Where would you maintain the merchandise that is involved in a trade transaction with an underlying LC? (Choose the best answer.)
A) Commodity Code maintenance
B) Merchandise code maintenance
C) INCO terms maintenance
D) Documents maintenance
5. Identify the SWIFT message that the system generates on successful creation of an LC
contract. (Choose the best answer.)
A) MT700
B) MT734
C) MT760
D) MT710
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: A |
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