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

1. Merchandise can be classified and maintained in Oracle FLEXCUBE. Where would you maintain the merchandise that is involved in a trade transaction with an underlying LC? (Choose the best answer.)

A) Merchandise code maintenance
B) Commodity Code maintenance
C) Documents maintenance
D) INCO terms maintenance

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

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

3. Which two frequency types can you configure for revaluation in a foreign exchange product? (Choose two.)

A) annually
B) daily
C) monthly
D) weekly

4. In a particular depreciation method, the amount of depreciation provided by a bank on a fixed asset remains constant throughout the useful life of the asset. Which is this method? (Choose the best answer)

A) straight line method
B) activity depreciation method D sum of digits depreciation method
C) written down value

5. A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

A) MT740
B) MT747
C) MT742
D) MT752

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