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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) cash
B) spot
C) forward
D) Non Deliverable Forward
2. Which two statements are true in defining a Reconciliation Class? (Choose two.)
A) indicate whether the matching type is Mirroring or Replication.
B) Define the external account.
C) Match rule sequence is insignificant
D) Incorporate many rules into a class.
3. Transfer of an LC can be performed in Oracle FLEXCUBE. Which statement is true about a transferable LC? (Choose the best answer)
A) Change of parties is allowed for the old LC contract, as well as the new transferred LC contract
B) a transferable LC is where, at the request of a beneficiary (first beneficiary), the LC is made available in whole or in part to another beneficiary (second beneficiary)
C) It is not possible to initiate the transfer of an LC to more than one secondary beneficiary on behalf of the primary or original beneficiary
D) A transferred LC can be transferred at the request of a second beneficiary to any subsequent beneficiary.
4. Select two true statements about Liquidation mode. (Choose two.)
A) Liquidation mode can be Auto or Manual. If the Liquidation mode is Auto, it is applicable for all components of a product and can not be changed at the Loan account level.
B) if Liquidation mode is other than Auto or Manual, it can be set at the component level and can be changed at the Loan account level.
C) Liquidation mode can be Auto or Manual If Liquidation mode is Manual, it is applicable for all components of a product and cannot be changed at the Loan account level.
D) Liquidation mode can be Auto or Manual. If Liquidation mode is Auto, it is applicable for all components of a product and can be changed at the Loan account level
5. 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) Create a foreign exchange forward contract in the Foreign Exchange module of Oracle FLEXCUBE Use the user-defined fields to capture the exchange rate
B) Capture the forward exchange rate on the Bill Contract screen. There is no need to create a foreign exchange contract.
C) Create a foreign exchange forward contract in the Foreign Exchange module of Oracle FLEXCUBE and link the same to the bill contract
D) Create a separate bill product and foreign exchange product for handling this requirement
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B,D | Question # 3 Answer: B | Question # 4 Answer: A,B | Question # 5 Answer: C |
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