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

1. Which two statements are true in defining a Reconciliation Class? (Choose two.)

A) Match rule sequence is insignificant
B) Incorporate many rules into a class.
C) indicate whether the matching type is Mirroring or Replication.
D) Define the external account.

2. Which statement is true about a change of operation for an export bill that is not under LC? (Choose the best answer.)

A) a non-LC collection bill can be unlocked and the operation code can be changed from collection to discount if the same is allowed at the product level
B) Only a change of operation from collection to purchase is supported directly for an export bill that is not under LC.
C) a non-LC collection bill must be liquidated first and on the same day and a discounted bill must be booked separately, in order to handle change of operation
D) Change of operation from collection to discount is supported only for LC-based transactions.

3. 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 whether the customer account is Savings or Current.
B) The account is debited.
C) it depends on the currency being purchased.
D) The account is credited.

4. What does the field SI Amount refer to while processing sweep-in transactions?
(Choose the best answer.)

A) minimum sweep amount
B) balance in the debit account that should trigger the sweep
C) amount to be swept i n
D) balance in the credit account that should trigger the sweep

5. A banK has purchased 2b computers and needs to book these as assets and also specify a depreciation type for them. What are the two available depreciation types that the bank can choose from? (Choose two.)

A) group depreciation method
B) accelerated cost recovery
C) written down value
D) straight line method

Solutions: