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

3. What is the maximum number of charges that can be attached to a Retail Teller product? (Choose the best answer.)

A) five
B) three
C) unlimited
D) four

4. There can be overage or shortage of cash while processing Retail Teller transactions. The bank can specify the General Ledger in which the overage or shortage should be booked. On which screen can the Overage or Shortage GL be maintained? (Choose the best answer.)

A) ARC maintenance screen
B) There is no Overage or Shortage GL maintenance in Oracle FLEXCUBE
C) Till and Vault maintenance screen in Branch Parameters
D) Retail Teller product screen

5. 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.

Solutions: