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

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

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

2. A bank has entered into a foreign exchange forward contract with an exporter This forward exchange rate needs to be picked up by the system for all export bills handled for this exporter Which option satisfies this requirements (Choose the best answer.)

A) Create a foreign exchange forward contract in the Foreign Exchange module of Oracle FLEXCUBE Use the user-defined fields to capture the exchange rate
B) Create a foreign exchange forward contract in the Foreign Exchange module of Oracle FLEXCUBE and link the same to the bill contract
C) Create a separate bill product and foreign exchange product for handling this requirement
D) Capture the forward exchange rate on the Bill Contract screen. There is no need to create a foreign exchange contract.

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

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

4. A bank wants to include the user reference number that is generated from the money market module in Swift messages. Where is this defined? (Choose the best answer.)

A) Money Market Product
B) Money Market Bank Parameter
C) Money Market Contract
D) Money Market Branch Parameter

5. In which depreciation method does the amount of depreciation provided by a bank on a fixed asset not remain constant throughout the useful life of the asset? (Choose the best answer.)

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

Solutions: