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

1. 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) Deposits
C) Indemnity
D) Letter of Credit

2. Assume that the documents presented under a sight LC are not discrepant. When will the negotiating bank pay the exporter after presentation of these documents?

A) after obtaining confirmation from the LC issuing bank
B) within five working days
C) within two working days
D) immediately

3. 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 Contract
B) Money Market Product
C) Money Market Bank Parameter
D) Money Market Branch Parameter

4. A bank wants to charge depreciation tor an asset at the rate ot 20%, 30%, 25%, b%, and 20% tor the tirst year, second year, and so on till the last year How should you indicate this on the Depreciation Rule Mapping screen? (Choose the best answer.)

A) combination of rule-based and ad hoc
B) rule-based
C) activity depreciation
D) ad hoc

5. 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) Deposits
C) Indemnity
D) Letter of Credit

Solutions: