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

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

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

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

3. Transfer of an LC can be performed in Oracle FLEXCUBE. Which statement is true about a transferable LC? (Choose the best answer)

A) A transferred LC can be transferred at the request of a second beneficiary to any subsequent beneficiary.
B) It is not possible to initiate the transfer of an LC to more than one secondary beneficiary on behalf of the primary or original beneficiary
C) Change of parties is allowed for the old LC contract, as well as the new transferred LC contract
D) a transferable LC is where, at the request of a beneficiary (first beneficiary), the LC is made available in whole or in part to another beneficiary (second beneficiary)

4. Identify four Document Clause types that are available in the system for the LC module. (Choose four.)

A) certificates
B) transport
C) drafts
D) invoice
E) packing list
F) others
G) insurance

5. In which three fields must data be identical for the system to pass consolidated accounting entries for Multi Credit Transfer? (Choose three.)

A) Rate as of Date
B) ordering i institution
C) Product Code
D) receiver

Solutions: