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

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

2. Which maintenance can a teller use to make the exchange rate picked by a system in a transaction non-amendable? (Choose the best answer.)

A) Function Group detail
B) ARC maintenance
C) Transaction Code maintenance
D) Function Workflow definition detail

3. Assume that the documents presented under a sight LC are not discrepant. When will the negotiating bank pay the exporter after presentation of these documents?

A) within two working days
B) within five working days
C) immediately
D) after obtaining confirmation from the LC issuing bank

4. A bank wants payment fate tracers to be generated automatically by the system. To which event should this tracer be attached and what is the name of this advice?

A) TDIS event and PAYMNTFATE_TRCR advice
B) TPFT event and RESERVE_RELEASE advice
C) TDIS event and DISCAPPRVLJRCR advice
D) TPFT event and PAYMNTFATE_TRCR advice

5. The operation code "acceptance" is applicable for both export and import bills For the operation code "acceptance,1' identify the change of operation that is applicable only for import bills. (Choose the best answer.)

A) acceptance to purchase
B) acceptance to advance
C) acceptance to discount
D) acceptance to forfeiting

Solutions: