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

1. Assuming that a bank entered into a USD Spot Deal with a customer on Monday, January 15, and that there are no holidays during the week, on which date will the transaction be settled in the system? (Choose the best answer.)

A) as per the Spot days maintained on the Bank Parameters screen
B) as per the Spot days maintained on the Branch Parameters screen
C) as per the Spot days maintained on the Currency Definition screen for USD
D) as per the Spot days maintained on the Currency Pair Definition screen for USD

2. A customer wants to set up utility bill payment. What product type must you select? (Choose the best answer.)

A) standing payment orders
B) variable payment orders
C) standing collection orders
D) sweep out transactions

3. Identify the correct function ID to access the Bill Contract screen. (Choose the best answer)

A) BCDTRNON
B) BCDTRONL
C) BCDCONON
D) BCDCONOL

4. A Letter or Credit issue can be confirmed by a bank. Which bank confirms a Letter or Credit (Choose the best answer?)

A) the paying bank
B) the collecting bank
C) the confirming bank
D) the advising bank

5. In a particular depreciation method, the amount of depreciation provided by a bank on a fixed asset remains constant throughout the useful life of the asset. Which is this method? (Choose the best answer)

A) written down value
B) straight line method
C) activity depreciation method D sum of digits depreciation method

Solutions: