Free Oracle 1z1-415 Exam Dumps Questions & Answers

In LC Product Maintenance, different product types can be maintained. Which product type should be used if the LC is not backed by documents? (Choose the best answer)

• A.  import LC
• B.  Standby Guarantee
• C.  Clean LC
• D.  Export LC

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.  a rule sequence number is entered manually for the rules that are attached to a Reconciliation Class.
• D.  Several rules constitute a Reconciliation Class.

A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

• A.  MT742
• B.  MT740
• C.  MT747
• D.  MT752

In case an auto authorization limit is not specified in PC Source Parameter Maintenance, what would happen to transactions that belong to the customer, source, and product category combination'? (Choose the best answer.)

• A.  The transactions are rejected
• B.  The transactions are automatically authorized on upload.
• C.  The transactions must be manually authorized.
• D.  The transactions are automatically directed to a referral queue

Transfer of an LC can be performed in Oracle FLEXCUBE. Which statement is true about a transferable LC? (Choose the best answer)

• A.  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)
• B.  A transferred LC can be transferred at the request of a second beneficiary to any subsequent beneficiary.
• C.  Change of parties is allowed for the old LC contract, as well as the new transferred LC contract
• D.  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