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

1. You can create the Reimbursement LC product type in Oracle FLEXCUBE. When will a bank create a contract under the product type Reimbursement? (Choose the best answer.)

A) when the bank acts as an issuing bank
B) when the bank acts as a reimbursing bank
C) when the bank acts as an advising bank
D) when the bank acts as a claiming bank

2. For a revolving-in-time LC that was issued on January 1,2014 with a reinstatement frequency of 60 days, what would be the next reinstatement date? (Choose the best answer.)

A) March 2. 2014
B) None. LCs cannot revolve in time.
C) February 28, 2014
D) March 1.2014

3. In which three fields must data be identical for the system to pass consolidated accounting entries for Multi Credit Transfer? (Choose three.)

A) Product Code
B) Rate as of Date
C) ordering i institution
D) receiver

4. The system allows the Match Status to be Open, Suggested, or Closed. Which two statements are true about Match Status of Suggested? (Choose two.)

A) The suggested entries cannot be rejected.
B) The suggested entries can be rejected.
C) The suggested entries can be confirmed.
D) The suggested entires can be modified.

5. What happens if a contract is marked for auto liquidation and the liquidation day turns out to be a holiday? (Choose the best answer.)

A) The system liquidates based on the contract-level parameters.
B) The user liquidates the deal manually by invoking the payment screen.
C) The liquidation does not take place.
D) The system liquidates based on the product-level parameters.

Solutions: