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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
1. What does a teller use Transfer Cash From Vault for? (Choose the best answer.)
A) to sell only cash
B) to buy only cash
C) to buy cash and travelers' cheques
D) to sell cash and travelers' cheques
2. If an Outgoing Request for a debit transaction is approved, what would it result in? (Choose the best answer.)
A) outgoing payment
B) incoming direct debit
C) incoming payment C outgoing direct debit
3. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)
A) it depends on the currency being purchased.
B) The account is debited.
C) The account is credited.
D) it depends on whether the customer account is Savings or Current.
4. Identify four Document Clause types that are available in the system for the LC module. (Choose four.)
A) insurance
B) others
C) invoice
D) packing list
E) transport
F) certificates
G) drafts
5. A Letter or Credit issue can be confirmed by a bank. Which bank confirms a Letter or Credit (Choose the best answer?)
A) the confirming bank
B) the advising bank
C) the collecting bank
D) the paying bank
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: A,B,C,E | Question # 5 Answer: A |
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