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

1. 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) CLOS
B) AMND
C) PRNP
D) REFP

2. An exporter intends to bid for a software project in another country. What kind of facility should the exporter avail of a bank in order to participate in the bidding? (Choose the best answer.)

A) Letter of Credit
B) Indemnity
C) Deposits
D) Guarantee

3. In a particular depreciation method, the amount of depreciation provided by a bank on a fixed asset remains constant throughout the useful life of the asset. Which is this method? (Choose the best answer)

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

4. The system allows the Match Status to be Open, Suggested, or Closed. Which two statements are true about Match Status of Suggested? (Choose two.)

A) The suggested entries can be confirmed.
B) The suggested entries cannot be rejected.
C) The suggested entires can be modified.
D) The suggested entries can be rejected.

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

Solutions: