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

1. A bank owns 50 computer tables whose useful life has been set as 20 years. The depreciation method for these assets is set as the straight line method. The bank wants to determine the value of these tables at the end of their useful life.
What would the value be? (Choose the best answer.)

A) 1
B) equal to the original cost of the new asset of the same type
C) o
D) almost 0

2. A bank wants payment fate tracers to be generated automatically by the system. To which event should this tracer be attached and what is the name of this advice?

A) TDIS event and PAYMNTFATE_TRCR advice
B) TPFT event and PAYMNTFATE_TRCR advice
C) TPFT event and RESERVE_RELEASE advice
D) TDIS event and DISCAPPRVLJRCR advice

3. A bank wants to charge depreciation tor an asset at the rate ot 20%, 30%, 25%, b%, and 20% tor the tirst year, second year, and so on till the last year How should you indicate this on the Depreciation Rule Mapping screen? (Choose the best answer.)

A) combination of rule-based and ad hoc
B) rule-based
C) activity depreciation
D) ad hoc

4. A usance import bill that is not under a Letter of Credit has been received for 510,000 USD. The drawer has not made a payment for the bill. The drawer has requested the collecting bank (importer's bank) to protest on the drawer's behalf. What event should be attached to support this function'? (Choose the best answer.)

A) PRNP
B) AMND
C) REFP
D) CLOS

5. A money market Borrowing Contract is created. The Contract Value date is January 1,2014 and the Maturity date is March 31,2014. The customer then approaches the bank and requests extension of the Contract. The new Maturity date is April 2,2014.
On which screen would you perform the extension of this Contract? (Choose the best answer.)

A) Money Market Value Dated Amendment
B) Money Market Rollover, Money Market Contract Schedule, and Money Market Value Dated Amendment
C) Money Market Contract Schedule
D) Money Market Rollover

Solutions: