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

1. Which statement is true about lodging export bills that are not under LC? (Choose the best answer.)

A) These are collection bills governed by URC 522. The system allows you to input and save any discrepancies noted for collection bills.
B) These are collection bills governed by URC 722. The system allows you to input and save any discrepancies noted for collection bills.
C) These are collection bills governed by URC 522. The system does not allow you to save a collection bill with discrepancies.
D) These are collection bills governed by URC 722. The system does not allow you to input and save any discrepancies noted for collection bills.

2. There can be overage or shortage of cash while processing Retail Teller transactions. The bank can specify the General Ledger in which the overage or shortage should be booked. On which screen can the Overage or Shortage GL be maintained? (Choose the best answer.)

A) Till and Vault maintenance screen in Branch Parameters
B) There is no Overage or Shortage GL maintenance in Oracle FLEXCUBE
C) Retail Teller product screen
D) ARC maintenance screen

3. In Landing Module, what are Settlement Bridge General Ledgers used to handle? (Choose the best answer.)

A) multiple disbursement schedules
B) adjustment entries
C) multiple modes of settlement
D) suspense entries

4. Identify the format in which the number of original documents is input. (Choose the best answer.)

A) nn/n
B) nn
C) n
D) n/n

5. Identify two types of money market contracts where the maturity date is not input by a user. (Choose two.)

A) call
B) fixed
C) floating
D) notice

Solutions: