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

1. What does the product type "b" on the Lc product Definition screen stand for? (Choose the best answer.)

A) Shipping Guarantee
B) Secured LC
C) Usance payment LC
D) Standby LC
E) Reimbursement type LC

2. What is the maximum number of charges that can be attached to a Retail Teller product? (Choose the best answer.)

A) four
B) unlimited
C) three
D) five

3. The system allows the Match Status to be Open, Suggested, or Closed. Which two statements are true about Match Status of Suggested? (Choose two.)

A) The suggested entries can be confirmed.
B) The suggested entires can be modified.
C) The suggested entries can be rejected.
D) The suggested entries cannot be rejected.

4. A bank would like to give the option of bill discounting to an exporter against 100 percent collateral in the form of deposits. On which tab of the contract screen would you input the collateral details9 (Choose the best answer.)

A) linkages
B) settlement
C) collateral
D) fields

5. You can create the Reimbursement LC product type in Oracle FLEXCUBE. When will a bank create a contract under the product type Reimbursement? (Choose the best answer.)

A) when the bank acts as an advising bank
B) when the bank acts as a claiming bank
C) when the bank acts as a reimbursing bank
D) when the bank acts as an issuing bank

Solutions: