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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
1. Identify the format in which the number of original documents is input. (Choose the best answer.)
A) nn/n
B) n/n
C) nn
D) n
2. 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
3. A bank wants payment fate tracers to be generated automatically by the system. To which event should this tracer be attached and what is the name of this advice?
A) TDIS event and DISCAPPRVLJRCR advice
B) TPFT event and PAYMNTFATE_TRCR advice
C) TPFT event and RESERVE_RELEASE advice
D) TDIS event and PAYMNTFATE_TRCR advice
4. An export bill under a Letter of Credit is negotiated for $75,000 USD on August 1 st. On August 3rd, a reimbursement claim (MT 742) is raised by the negotiating bank on the reimbursing bank for $75,000 USD. The reimbursing bank honors the claim. Assuming that the reimbursing bank uses Oracle FLEXCUBE, how is this transaction handled in the system? (Choose the best answer.)
A) The reimbursing bank uses the Funds Transfer module for sending the MT202 message that honors this claim.
B) The reimbursing bank books a bill contract under the Letter of Credit for capturing the details of MT742. On liquidation of this bill contract, a payment message is generated to honor the claim.
C) Oracle FLEXCUBE does not support handling of trade transactions from the point of view of a reimbursing bank.
D) The MT742 message can be viewed in the incoming browser of the messaging module of Oracle FLEXCUBE. A stand-alone MT202 message is created and sent from the outgoing browser of the messaging module.
5. There can be overage or shortage of cash while processing Retail Teller transactions. The bank can specify the General Ledger in which the overage or shortage should be booked. On which screen can the Overage or Shortage GL be maintained? (Choose the best answer.)
A) Till and Vault maintenance screen in Branch Parameters
B) There is no Overage or Shortage GL maintenance in Oracle FLEXCUBE
C) ARC maintenance screen
D) Retail Teller product screen
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: A |
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