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

1. In case an auto authorization limit is not specified in PC Source Parameter Maintenance, what would happen to transactions that belong to the customer, source, and product category combination'? (Choose the best answer.)

A) The transactions are automatically authorized on upload.
B) The transactions are automatically directed to a referral queue
C) The transactions must be manually authorized.
D) The transactions are rejected

2. In Landing Module, what are Settlement Bridge General Ledgers used to handle? (Choose the best answer.)

A) adjustment entries
B) multiple modes of settlement
C) multiple disbursement schedules
D) suspense entries

3. For a revolving-in-time LC that was issued on January 1,2014 with a reinstatement frequency of 60 days, what would be the next reinstatement date? (Choose the best answer.)

A) March 2. 2014
B) February 28, 2014
C) None. LCs cannot revolve in time.
D) March 1.2014

4. 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) Standby LC
E) Secured LC

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

Solutions: