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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
1. A trade agreement stipulates that a seller is responsible for securing export clearance and for placing the goods on board a ship in the seller's country. From that point forward, the cost relating to the freight, transit insurance, and clearing of goods for import are the buyer's responsibility.
Which INCO term would suit this situation? (Choose the best answer.)
A) Cost, Insurance, and Freight (CIF)
B) Free Alongside Ship (FAS)
C) Free on Board (FOB)
D) Cost and Freight (CFR)
2. What is the maximum number of charges that can be attached to a Retail Teller product? (Choose the best answer.)
A) unlimited
B) four
C) five
D) three
3. 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 advance
B) acceptance to purchase
C) acceptance to discount
D) acceptance to forfeiting
4. A Forward Buy Contract is opened on January 1,2014 with a product of type Forward, which supports the Option Date feature and a maximum tenor of 12 months. Which three options can this Contract be opened with? (Choose three.)
A) Contract Value Date = December 31. 2014; Option Date = December 25, 2014
B) Contract Value Date = January 1, 2014; Option Date = November 30, 2014
C) Contract Value Date = October 31.2014; Option Date = October 31.2014
D) Contract Value Date = January 1, 2014; Option Date = January 15.2014
5. Which three options are available in the Rate As On field on the Funds Transfer Product Preference screen? (Choose three.)
A) Booking Date
B) Value Date
C) Amend Date
D) Spot Date
Solutions:
Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B,C,D | Question # 5 Answer: A,B,D |