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

1. In which product type are foreign exchange cash deal products configured? (Choose the best answer.)

A) cash
B) spot
C) Non Deliverable Forward
D) forward

2. Which statement is true about lodging export bills that are not under LC? (Choose the best answer.)

A) These are collection bills governed by URC 722. The system does not allow you to input and save any discrepancies noted for collection bills.
B) These are collection bills governed by URC 522. The system allows you to input and save any discrepancies noted for collection bills.
C) These are collection bills governed by URC 522. The system does not allow you to save a collection bill with discrepancies.
D) These are collection bills governed by URC 722. The system allows you to input and save any discrepancies noted for collection bills.

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

4. 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 and Amt_Equiv, respectively
C) Amt_Equiv for both the legs
D) Trf_Amt for both the legs

5. Where should you configure Spot Days for deals? (Choose the best answer.)

A) in the Currency Level parameter
B) in the Bank Level parameter
C) in the foreign exchange Products Level parameter
D) in the Branch Level parameter

Solutions: