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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
1. Which liability is reduced in the system on booking a bill under a Letter of Credit opened by a customer? (Choose the best answer.)
A) Bill liability
B) Collection liability
C) LC liability
D) Acceptance liability
2. The status of an installment changes from Normal to Past Due Obligation. A bank wants to levy a charge of $5 USD on it. How can the charge be defined and levied?(Choose the best answer)
A) Define the charge as a component at the Product Component Class level and link it at the Account level status change.
B) Define the charge as a component at the Product level and link it on the Loan Account Charges screen.
C) Define the charge as an UDE and link it at the Installment level status change
D) Define the charge as a component at the Product Component Class level Default the component by mapping the Component Class to the Product and link the charge component at the Installment level status change.
3. Tenors can be maintained at the LC product level and defaulted at the contract level. Which tenor maintained on the Product Preference screen would default at the contract level'? (Choose the best answer.)
A) Standard
B) Maximum
C) Minimum
D) Minimum, Maximum, and Standard
4. Different parties are involved when an import LC is issued. Which group of parties are involved while booking an import LC transaction? (Choose the best answer)
A) the applicant, the beneficiary, and the issuing bank
B) the applicant, the beneficiary, and the advising bank
C) the applicant and the advising bank
D) the applicant and the issuing bank
5. The system supports Multi Credit Transfer by using the funds transfer module. Which three statements are true about Multi Credit Transfer? (Choose three.)
A) A message is sent as MT102 and MT 203.
B) A maximum of 10 contracts can be consolidated under a Multi Credit Reference number.
C) A consolidated accounting reference number must be entered by a user.
D) The Multi Credit Transfer field should be enabled at the Product and Branch levels.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: A,C,D |
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