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

1. If an Outgoing Request for a debit transaction is approved, what would it result in? (Choose the best answer.)

A) incoming payment C outgoing direct debit
B) incoming direct debit
C) outgoing payment

2. 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

3. A usance import bill that is not under a Letter of Credit has been received for 510,000 USD. The drawer has not made a payment for the bill. The drawer has requested the collecting bank (importer's bank) to protest on the drawer's behalf. What event should be attached to support this function'? (Choose the best answer.)

A) AMND
B) REFP
C) PRNP
D) CLOS

4. A bank wants to charge depreciation tor an asset at the rate ot 20%, 30%, 25%, b%, and 20% tor the tirst year, second year, and so on till the last year How should you indicate this on the Depreciation Rule Mapping screen? (Choose the best answer.)

A) ad hoc
B) rule-based
C) activity depreciation
D) combination of rule-based and ad hoc

5. Which three options are available in the Rate As On field on the Funds Transfer Product Preference screen? (Choose three.)

A) Value Date
B) Booking Date
C) Spot Date
D) Amend Date

Solutions: