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

1. Identify the correct function ID to access the Bill Contract screen. (Choose the best answer)

A) BCDCONON
B) BCDTRONL
C) BCDTRNON
D) BCDCONOL

2. What does the system do when a future value dated deal is entered? (Choose the best answer.)

A) User defines accounting entries on the Value Date.
B) it does not book future dated accounting entries.
C) it does not pass accounting entries on the day of booking the contract.
D) it passes accounting entries on the day of booking the contract.

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

4. An exporter intends to bid for a software project in another country. What kind of facility should the exporter avail of a bank in order to participate in the bidding? (Choose the best answer.)

A) Deposits
B) Indemnity
C) Letter of Credit
D) Guarantee

5. How many charge rules can be associated with a funds transfer product code? (Choose the best answer)

A) nil
B) one
C) as many as possible
D) two

Solutions: