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

1. Which three options are available in the Rate As On field on the Funds Transfer Product Preference screen? (Choose three.)

A) Amend Date
B) Value Date
C) Spot Date
D) Booking Date

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

3. Transfer of an LC can be performed in Oracle FLEXCUBE. Which statement is true about a transferable LC? (Choose the best answer)

A) a transferable LC is where, at the request of a beneficiary (first beneficiary), the LC is made available in whole or in part to another beneficiary (second beneficiary)
B) A transferred LC can be transferred at the request of a second beneficiary to any subsequent beneficiary.
C) Change of parties is allowed for the old LC contract, as well as the new transferred LC contract
D) It is not possible to initiate the transfer of an LC to more than one secondary beneficiary on behalf of the primary or original beneficiary

4. What does a teller use Transfer Cash From Vault for? (Choose the best answer.)

A) to sell only cash
B) to buy cash and travelers' cheques
C) to sell cash and travelers' cheques
D) to buy only cash

5. 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) settled
B) rejected D recalled
C) closed

Solutions: