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Updated: Aug 28, 2025
No. of Questions: 85 Questions & Answers with Testing Engine
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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
1. 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) Maximum
B) Minimum, Maximum, and Standard
C) Minimum
D) Standard
2. How many charge rules can be associated with a funds transfer product code? (Choose the best answer)
A) as many as possible
B) two
C) nil
D) one
3. What does the field SI Amount refer to while processing sweep-in transactions?
(Choose the best answer.)
A) amount to be swept i n
B) balance in the debit account that should trigger the sweep
C) balance in the credit account that should trigger the sweep
D) minimum sweep amount
4. 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) Indemnity
B) Guarantee
C) Letter of Credit
D) Deposits
5. 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 the currency being purchased.
B) it depends on whether the customer account is Savings or Current.
C) The account is credited.
D) The account is debited.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: C |
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