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

1. You can create the Reimbursement LC product type in Oracle FLEXCUBE. When will a bank create a contract under the product type Reimbursement? (Choose the best answer.)

A) when the bank acts as an advising bank
B) when the bank acts as a claiming bank
C) when the bank acts as a reimbursing bank
D) when the bank acts as an issuing bank

2. Assuming that a bank entered into a USD Spot Deal with a customer on Monday, January 15, and that there are no holidays during the week, on which date will the transaction be settled in the system? (Choose the best answer.)

A) as per the Spot days maintained on the Currency Definition screen for USD
B) as per the Spot days maintained on the Currency Pair Definition screen for USD
C) as per the Spot days maintained on the Branch Parameters screen
D) as per the Spot days maintained on the Bank Parameters screen

3. In which depreciation method does the amount of depreciation provided by a bank on a fixed asset not remain constant throughout the useful life of the asset? (Choose the best answer.)

A) straight line method
B) wntten down value
C) sum of digits depreciation method
D) activity depreciation method

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

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

5. What does starting a customer session enable a bank user to do? (Choose the best answer.)

A) Automatically get a customer's customer number and account details in transactions.
B) Demonstrate the bank's offerings to customers in simulated mode.
C) Record customer requests and complaints in the system.
D) Display various interest rates to a customer.

Solutions: