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

1. Different parties are involved when an import LC is issued. Which group of parties are involved while booking an import LC transaction? (Choose the best answer)

A) the applicant and the issuing bank
B) the applicant, the beneficiary, and the issuing bank
C) the applicant, the beneficiary, and the advising bank
D) the applicant and the advising bank

2. In which product type are foreign exchange cash deal products configured? (Choose the best answer.)

A) spot
B) forward
C) cash
D) Non Deliverable Forward

3. Different events are triggered during the life cycle of an LC contract. Which event is triggered on issuance of an import LC t (Choose the best answer?)

A) REIN
B) BISS
C) BOOK
D) AVAL

4. A bank wants to charge depreciation tor an asset at the rate ot 20%, 30%, 25%, b%, and 20% tor the tirst year, second year, and so on till the last year How should you indicate this on the Depreciation Rule Mapping screen? (Choose the best answer.)

A) combination of rule-based and ad hoc
B) ad hoc
C) activity depreciation
D) rule-based

5. Select two true statements about Liquidation mode. (Choose two.)

A) Liquidation mode can be Auto or Manual. If the Liquidation mode is Auto, it is applicable for all components of a product and can not be changed at the Loan account level.
B) Liquidation mode can be Auto or Manual If Liquidation mode is Manual, it is applicable for all components of a product and cannot be changed at the Loan account level.
C) if Liquidation mode is other than Auto or Manual, it can be set at the component level and can be changed at the Loan account level.
D) Liquidation mode can be Auto or Manual. If Liquidation mode is Auto, it is applicable for all components of a product and can be changed at the Loan account level

Solutions: