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

1. The operation code "acceptance" is applicable for both export and import bills For the operation code "acceptance,1' identify the change of operation that is applicable only for import bills. (Choose the best answer.)

A) acceptance to forfeiting
B) acceptance to purchase
C) acceptance to advance
D) acceptance to discount

2. A usance import bill that is not under a Letter of Credit has been received for 510,000 USD. The drawer has not made a payment for the bill. The drawer has requested the collecting bank (importer's bank) to protest on the drawer's behalf. What event should be attached to support this function'? (Choose the best answer.)

A) AMND
B) CLOS
C) PRNP
D) REFP

3. What is the maximum number of charges that can be attached to a Retail Teller product? (Choose the best answer.)

A) four
B) unlimited
C) three
D) five

4. Which two statements are true in defining a Reconciliation Class? (Choose two.)

A) Match rule sequence is insignificant
B) Incorporate many rules into a class.
C) Define the external account.
D) indicate whether the matching type is Mirroring or Replication.

5. Which three operations are not allowed for a product with the Discounted Straight Line method of revaluation? (Choose three.)

A) cancellation
B) rollover
C) limits tracking
D) partial payment

Solutions: