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

1. The system allows the Match Status to be Open, Suggested, or Closed. Which two statements are true about Match Status of Suggested? (Choose two.)

A) The suggested entires can be modified.
B) The suggested entries can be rejected.
C) The suggested entries can be confirmed.
D) The suggested entries cannot be rejected.

2. What happens if a contract is marked for auto liquidation and the liquidation day turns out to be a holiday? (Choose the best answer.)

A) The system liquidates based on the product-level parameters.
B) The liquidation does not take place.
C) The user liquidates the deal manually by invoking the payment screen.
D) The system liquidates based on the contract-level parameters.

3. Different parties are involved when an import LC is issued. Which group of parties are involved while booking an import LC transaction? (Choose the best answer)

A) the applicant and the issuing bank
B) the applicant, the beneficiary, and the issuing bank
C) the applicant, the beneficiary, and the advising bank
D) the applicant and the advising bank

4. Which maintenance can a teller use to make the exchange rate picked by a system in a transaction non-amendable? (Choose the best answer.)

A) ARC maintenance
B) Function Group detail
C) Function Workflow definition detail
D) Transaction Code maintenance

5. In which three fields must data be identical for the system to pass consolidated accounting entries for Multi Credit Transfer? (Choose three.)

A) Product Code
B) ordering i institution
C) Rate as of Date
D) receiver

Solutions: