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

1. Identify four Document Clause types that are available in the system for the LC module. (Choose four.)

A) invoice
B) others
C) drafts
D) insurance
E) certificates
F) transport
G) packing list

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

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

3. For a revolving-in-time LC that was issued on January 1,2014 with a reinstatement frequency of 60 days, what would be the next reinstatement date? (Choose the best answer.)

A) March 1.2014
B) None. LCs cannot revolve in time.
C) February 28, 2014
D) March 2. 2014

4. A Letter or Credit issue can be confirmed by a bank. Which bank confirms a Letter or Credit (Choose the best answer?)

A) the advising bank
B) the confirming bank
C) the paying bank
D) the collecting bank

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

Solutions: