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

1. Which two statements are true about a Reconciliation Class? (Choose two.)

A) a Reconciliation Class type is both Mirror and Replication.
B) Several rules constitute a Reconciliation Class.
C) a Reconciliation Class type can be Mirror or Replication.
D) a rule sequence number is entered manually for the rules that are attached to a Reconciliation Class.

2. 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) Guarantee
B) Indemnity
C) Letter of Credit
D) Deposits

3. A Letter or Credit issue can be confirmed by a bank. Which bank confirms a Letter or Credit (Choose the best answer?)

A) the confirming bank
B) the advising bank
C) the collecting bank
D) the paying bank

4. For an Outgoing cross currency funds transfer, what is the amount tag for the debit and credit transaction entries of the transfer? (Choose the best answer.)

A) Amt_Equiv for both the legs
B) Trf_Amt and Amt_Equiv, respectively
C) Trf_Amt for both the legs
D) Amt_Equiv and Trf_Amt, respectively

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

A) a customer of a bank depositing a cheque into the bank's GL account
B) a bank depositing a cheque given by a customer of the bank into its own account
C) 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

Solutions: