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

1. In which product type are foreign exchange cash deal products configured? (Choose the best answer.)

A) forward
B) Non Deliverable Forward
C) cash
D) spot

2. 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 and the advising bank
B) the applicant, the beneficiary, and the advising bank
C) the applicant, the beneficiary, and the issuing bank
D) the applicant and the issuing bank

3. Which three options are available in the Rate As On field on the Funds Transfer Product Preference screen? (Choose three.)

A) Amend Date
B) Spot Date
C) Booking Date
D) Value Date

4. A bank has entered into a foreign exchange forward contract with an exporter This forward exchange rate needs to be picked up by the system for all export bills handled for this exporter Which option satisfies this requirements (Choose the best answer.)

A) Capture the forward exchange rate on the Bill Contract screen. There is no need to create a foreign exchange contract.
B) Create a separate bill product and foreign exchange product for handling this requirement
C) Create a foreign exchange forward contract in the Foreign Exchange module of Oracle FLEXCUBE Use the user-defined fields to capture the exchange rate
D) Create a foreign exchange forward contract in the Foreign Exchange module of Oracle FLEXCUBE and link the same to the bill contract

5. 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) rule-based
C) activity depreciation
D) ad hoc

Solutions: