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

1. 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 debited.
C) it depends on whether the customer account is Savings or Current.
D) The account is credited.

2. How many charge rules can be associated with a funds transfer product code? (Choose the best answer)

A) one
B) nil
C) as many as possible
D) two

3. You can create the Reimbursement LC product type in Oracle FLEXCUBE. When will a bank create a contract under the product type Reimbursement? (Choose the best answer.)

A) when the bank acts as an issuing bank
B) when the bank acts as an advising bank
C) when the bank acts as a claiming bank
D) when the bank acts as a reimbursing bank

4. Which statement is true about the Confirmation Tracer? (Choose the best answer)

A) His a reminder sent to a confirming bank, seeking a letter of confirmation.
B) it is a reminder sent to an issuing bank, seeking a letter of confirmation.
C) ft is a reminder sent to a beneficiary, seeking a letter of confirmation.
D) it is a reminder sent to a reimbursing bank, seeking a letter of confirmation

5. Tenors can be maintained at the LC product level and defaulted at the contract level. Which tenor maintained on the Product Preference screen would default at the contract level'? (Choose the best answer.)

A) Standard
B) Minimum
C) Minimum, Maximum, and Standard
D) Maximum

Solutions: