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

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

2. Which three operations are not allowed for a product with the Discounted Straight Line method of revaluation? (Choose three.)

A) cancellation
B) partial payment
C) rollover
D) limits tracking

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

4. Which statement is true about lodging export bills that are not under LC? (Choose the best answer.)

A) These are collection bills governed by URC 722. The system allows you to input and save any discrepancies noted for collection bills.
B) These are collection bills governed by URC 522. The system allows you to input and save any discrepancies noted for collection bills.
C) These are collection bills governed by URC 522. The system does not allow you to save a collection bill with discrepancies.
D) These are collection bills governed by URC 722. The system does not allow you to input and save any discrepancies noted for collection bills.

5. In a particular depreciation method, the amount of depreciation provided by a bank on a fixed asset remains constant throughout the useful life of the asset. Which is this method? (Choose the best answer)

A) straight line method
B) activity depreciation method D sum of digits depreciation method
C) written down value

Solutions: