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

1. A back-dated loan is initiated and "Liquidate Back Valued Schedules" is set to Yes at the account level. Which statement is true? (Choose the best answer.)

A) Accounting entries related to an Accrual event and an ALIQ event for back-dated schedules are passed when the loan account is saved.
B) Accounting entries related to an Accrual event for back-dated schedules are passed when the account is saved. However, accounting entries for an ALIQ event for back-dated schedules are passed only during EO
C) Accounting entries related to an Accrual event for back-dated schedules are passed when the account is saved. However, accounting entries for an ALIQ event for back-dated schedules are passed when the loan account is authorized
D) Accounting entries related to an Accrual event and an ALIQ event for back-dated schedules are passed only during EOD

2. In which product type are foreign exchange cash deal products configured? (Choose the best answer.)

A) forward
B) cash
C) spot
D) Non Deliverable Forward

3. What would be Ihe status of a request for a debit transaction if it is not approved within the specified response time? (Choose the best answer)

A) rejected D recalled
B) settled
C) closed

4. What does the field SI Amount refer to while processing sweep-in transactions?
(Choose the best answer.)

A) balance in the debit account that should trigger the sweep
B) minimum sweep amount
C) amount to be swept i n
D) balance in the credit account that should trigger the sweep

5. Identify four Document Clause types that are available in the system for the LC module. (Choose four.)

A) invoice
B) insurance
C) certificates
D) others
E) transport
F) drafts
G) packing list

Solutions: