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

1. In Landing Module, what are Settlement Bridge General Ledgers used to handle? (Choose the best answer.)

A) suspense entries
B) multiple modes of settlement
C) multiple disbursement schedules
D) adjustment entries

2. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) it depends on whether the customer account is Savings or Current.
B) The account is debited.
C) The account is credited.
D) it depends on the currency being purchased.

3. A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

A) MT747
B) MT740
C) MT752
D) MT742

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

5. There can be overage or shortage of cash while processing Retail Teller transactions. The bank can specify the General Ledger in which the overage or shortage should be booked. On which screen can the Overage or Shortage GL be maintained? (Choose the best answer.)

A) There is no Overage or Shortage GL maintenance in Oracle FLEXCUBE
B) Retail Teller product screen
C) Till and Vault maintenance screen in Branch Parameters
D) ARC maintenance screen

Solutions: