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

1. A bank wants to include the user reference number that is generated from the money market module in Swift messages. Where is this defined? (Choose the best answer.)

A) Money Market Branch Parameter
B) Money Market Product
C) Money Market Contract
D) Money Market Bank Parameter

2. Which statement is true about the Confirmation Tracer? (Choose the best answer)

A) it is a reminder sent to a reimbursing bank, seeking a letter of confirmation
B) His a reminder sent to a confirming bank, seeking a letter of confirmation.
C) it is a reminder sent to an issuing bank, seeking a letter of confirmation.
D) ft is a reminder sent to a beneficiary, seeking a letter of confirmation.

3. What does in-house cheque deposit refer to? (Choose the best answer.)

A) a customer of a bank depositing a cheque into a related customer's account D a customer of a bank depositing a cheque of the same bank belonging to another customer into the account
B) a customer of a bank depositing a cheque into the bank's GL account
C) a bank depositing a cheque given by a customer of the bank into its own account

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

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

5. The status of an installment changes from Normal to Past Due Obligation. A bank wants to levy a charge of $5 USD on it. How can the charge be defined and levied?(Choose the best answer)

A) Define the charge as a component at the Product Component Class level and link it at the Account level status change.
B) Define the charge as a component at the Product level and link it on the Loan Account Charges screen.
C) Define the charge as a component at the Product Component Class level Default the component by mapping the Component Class to the Product and link the charge component at the Installment level status change.
D) Define the charge as an UDE and link it at the Installment level status change

Solutions: