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

1. Which three are methods of revaluation used in a foreign exchange product? (Choose three.)

A) straight line
B) Net Present Value
C) redonimation
D) rebate

2. In which three fields must data be identical for the system to pass consolidated accounting entries for Multi Credit Transfer? (Choose three.)

A) receiver
B) ordering i institution
C) Rate as of Date
D) Product Code

3. A bank uses the tracer function in the Bills module to send automatic swift tracer messages that seek acceptance of usance bills. The bank's requirement is that the sending of tracers should be stopped after receiving an acceptance message.
How should you handle this? (Choose the best answer.)

A) Select the "auto tracer stop' option at the Bill product level.
B) Upload the incoming Acceptance message" into the bill contract by using the straight through processing option.
C) Unlock the bill contract and select the "stop tracer option.
D) Unlock the bill contract and input the "acceptance message date," which will stop additional tracers.

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

5. 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) Clean LC
C) Standby Guarantee
D) Export LC

Solutions: