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

2. 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 credited.
C) it depends on whether the customer account is Savings or Current.
D) The account is debited.

3. Events and accounting entries are define in the product definition, i ne accounting entries in events are not mandatory tor a configured bi Product. A business user updates the Contract status manually to amend the payment status for the contracts under this SI Product.
Which SI Product is used to book a Contract to track only the payment status? (Choose the best answer.)

A) Collection
B) Variable Payment
C) Sweep (in and out)
D) Payment

4. Tenors can be maintained at the LC product level and defaulted at the contract level. Which tenor maintained on the Product Preference screen would default at the contract level'? (Choose the best answer.)

A) Minimum
B) Minimum, Maximum, and Standard
C) Maximum
D) Standard

5. Identify the format in which the number of original documents is input. (Choose the best answer.)

A) n/n
B) nn/n
C) n
D) nn

Solutions: