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

1. Where should you configure Spot Days for deals? (Choose the best answer.)

A) in the Bank Level parameter
B) in the Currency Level parameter
C) in the foreign exchange Products Level parameter
D) in the Branch Level parameter

2. A trade agreement stipulates that a seller is responsible for securing export clearance and for placing the goods on board a ship in the seller's country. From that point forward, the cost relating to the freight, transit insurance, and clearing of goods for import are the buyer's responsibility.
Which INCO term would suit this situation? (Choose the best answer.)

A) Free Alongside Ship (FAS)
B) Cost, Insurance, and Freight (CIF)
C) Free on Board (FOB)
D) Cost and Freight (CFR)

3. Merchandise can be classified and maintained in Oracle FLEXCUBE. Where would you maintain the merchandise that is involved in a trade transaction with an underlying LC? (Choose the best answer.)

A) Documents maintenance
B) INCO terms maintenance
C) Merchandise code maintenance
D) Commodity Code maintenance

4. Which product type would you choose for moving funds from one account to another beyond a predefined level? (Choose the best answer.)

A) standing payment orders
B) variable payment transactions
C) sweep out transaction ons
D) standing collection orders

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: