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

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

A) a rule sequence number is entered manually for the rules that are attached to a Reconciliation Class.
B) Several rules constitute a Reconciliation Class.
C) a Reconciliation Class type is both Mirror and Replication.
D) a Reconciliation Class type can be Mirror or Replication.

2. Identify the format in which the number of original documents is input. (Choose the best answer.)

A) n
B) n/n
C) nn/n
D) nn

3. 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.

4. Home loans are given at a fixed interest rate of 10%. The rate now must be increased to 11 %. How can this be done in the system? (Choose the best answer.

A) by amending the UDE value on the Value Dated Amendment screen
B) by changing the interest rate on the UDE values screen
C) by changing the rate value in Loan Account UDEs
D) by unlocking the loan account and changing the value on the Interest tab

5. What does the product type "b" on the Lc product Definition screen stand for? (Choose the best answer.)

A) Shipping Guarantee
B) Usance payment LC
C) Reimbursement type LC
D) Secured LC
E) Standby LC

Solutions: