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

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

2. A bank wants to charge depreciation tor an asset at the rate ot 20%, 30%, 25%, b%, and 20% tor the tirst year, second year, and so on till the last year How should you indicate this on the Depreciation Rule Mapping screen? (Choose the best answer.)

A) ad hoc
B) rule-based
C) activity depreciation
D) combination of rule-based and ad hoc

3. 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) Guarantee
D) Deposits

4. Transfer of an LC can be performed in Oracle FLEXCUBE. Which statement is true about a transferable LC? (Choose the best answer)

A) Change of parties is allowed for the old LC contract, as well as the new transferred LC contract
B) It is not possible to initiate the transfer of an LC to more than one secondary beneficiary on behalf of the primary or original beneficiary
C) a transferable LC is where, at the request of a beneficiary (first beneficiary), the LC is made available in whole or in part to another beneficiary (second beneficiary)
D) A transferred LC can be transferred at the request of a second beneficiary to any subsequent beneficiary.

5. Events and accounting entries are define in the product definition, i ne accounting entries in events are not mandatory tor a configured bi Product. A business user updates the Contract status manually to amend the payment status for the contracts under this SI Product.
Which SI Product is used to book a Contract to track only the payment status? (Choose the best answer.)

A) Sweep (in and out)
B) Variable Payment
C) Collection
D) Payment

Solutions: