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Updated: Nov 09, 2026
No. of Questions: 85 Questions & Answers with Testing Engine
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Oracle 1z1-415 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials |
| Exam Number: | 1Z0-415 |
| Related Certifications: | Oracle FLEXCUBE Universal Banking 12 Technical Implementation Essentials Oracle FLEXCUBE Universal Banking Certified Implementation Specialist |
| Exam Format: | Multiple Choice |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Exam Price: | USD 245 |
| Real Exam Qty: | 80 |
| Sample Questions: | Oracle 1z1-415 Sample Questions |
| Exam Way: | Computer-based exam delivered through Oracle-authorized testing providers and available via online proctoring or test center where offered. |
| Pre Condition: | No mandatory prerequisite; Oracle recommends knowledge of Oracle FLEXCUBE Universal Banking and relevant implementation experience or training. |
| Official Syllabus URL: | https://education.oracle.com/learning-paths/oracle-flexcube-universal-banking-functional/lPathCol_OFSSFLEX_col_jv1 |
Oracle 1z1-415 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Fixed Assets, Expenses, and Lending | - Lending and Asset Management
|
| Bills and Collections | - Bills Processing
|
| Letters of Credit and Nostro Reconciliation | - Trade Finance Operations
|
| Money Market, Foreign Exchange, and Funds Transfer | - Treasury and Transfer Operations
|
| Basic Instructions and Retail Telling | - Retail Teller Operations
|
Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
The operation code "acceptance" is applicable for both export and import bills For the operation code "acceptance,1' identify the change of operation that is applicable only for import bills. (Choose the best answer.)
- A. acceptance to advance
- B. acceptance to purchase
- C. acceptance to forfeiting
- D. acceptance to discount
Correct Answer: A 🗳️
Which liability is reduced in the system on booking a bill under a Letter of Credit opened by a customer? (Choose the best answer.)
- A. LC liability
- B. Collection liability
- C. Acceptance liability
- D. Bill liability
Correct Answer: A 🗳️
Identify four Document Clause types that are available in the system for the LC module. (Choose four.)
- A. transport
- B. packing list
- C. invoice
- D. certificates
- E. others
- F. insurance
- G. drafts
Correct Answer: A,C,E,F 🗳️
Which two frequency types can you configure for revaluation in a foreign exchange product? (Choose two.)
- A. daily
- B. weekly
- C. monthly
- D. annually
Correct Answer: A,C 🗳️
In the Lending Product FRCLPROD, INTEREST_RATE is attached to a Rate Code LIBOR. The LIBOR changes daily, resulting in UDE value changes. The product configuration requires that INTEREST_RATE is linked to LIBOR as on the date of creation for the next X years (X varies for different customers) and be changed thereafter.
Which option best satisfies this requirement? {Choose the best answer.)
- A. Create different Rate Codes for each of the X periods
- B. Such a product code cannot be defined without code changes
- C. Use the already created Rate Code (attached to LIBOR) and have a Rate Revision Schedule, which changes after X years
- D. Create different products for each of the X variants.
Correct Answer: C 🗳️
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