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

1. Which three operations are not allowed for a product with the Discounted Straight Line method of revaluation? (Choose three.)

A) partial payment
B) rollover
C) cancellation
D) limits tracking

2. Which three options are available in the Rate As On field on the Funds Transfer Product Preference screen? (Choose three.)

A) Amend Date
B) Booking Date
C) Value Date
D) Spot Date

3. Where should you configure Spot Days for deals? (Choose the best answer.)

A) in the foreign exchange Products Level parameter
B) in the Bank Level parameter
C) in the Currency Level parameter
D) in the Branch Level parameter

4. The operation code "acceptance" is applicable for both export and import bills For the operation code "acceptance,1' identify the change of operation that is applicable only for import bills. (Choose the best answer.)

A) acceptance to purchase
B) acceptance to forfeiting
C) acceptance to discount
D) acceptance to advance

5. A bank owns 50 computer tables whose useful life has been set as 20 years. The depreciation method for these assets is set as the straight line method. The bank wants to determine the value of these tables at the end of their useful life.
What would the value be? (Choose the best answer.)

A) 1
B) equal to the original cost of the new asset of the same type
C) o
D) almost 0

Solutions: