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

1. A Forward Buy Contract is opened on January 1,2014 with a product of type Forward, which supports the Option Date feature and a maximum tenor of 12 months. Which three options can this Contract be opened with? (Choose three.)

A) Contract Value Date = January 1, 2014; Option Date = November 30, 2014
B) Contract Value Date = October 31.2014; Option Date = October 31.2014
C) Contract Value Date = January 1, 2014; Option Date = January 15.2014
D) Contract Value Date = December 31. 2014; Option Date = December 25, 2014

2. Oracle FLEXCUBE offers inbuilt and automatic linkage between various modules. Identify the correct linkage that is applicable to the Fixed Asset (FA) module. (Choose the best answer)

A) Fixed Asset and Expense Processing
B) Fixed Asset and Teller
C) Fixed Asset and Allocation
D) Fixed Asset and Asset Management

3. For an Outgoing cross currency funds transfer, what is the amount tag for the debit and credit transaction entries of the transfer? (Choose the best answer.)

A) Amt_Equiv and Trf_Amt, respectively
B) Trf_Amt for both the legs
C) Amt_Equiv for both the legs
D) Trf_Amt and Amt_Equiv, respectively

4. 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

5. What benefit does an exporter get when asking for a documentary credit (LC) to be confirmed by the advising or negotiating bank? (Choose the best answer.)

A) There is no benefit. LC confirmation is a practice that banks follow to earn more revenue.
B) Confirmation of the LC removes all discrepancies in the documents submitted.
C) After confirming the LC, the advising or negotiating bank will pay or promise to pay against presented documents, which after checking are found to be as
D) Confirmation of the LC ensures that the goods that are exported are of very high quality.

Solutions: