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

2. Tenors can be maintained at the LC product level and defaulted at the contract level. Which tenor maintained on the Product Preference screen would default at the contract level'? (Choose the best answer.)

A) Maximum
B) Minimum, Maximum, and Standard
C) Standard
D) Minimum

3. In which product type are foreign exchange cash deal products configured? (Choose the best answer.)

A) cash
B) forward
C) Non Deliverable Forward
D) spot

4. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) The account is credited.
B) The account is debited.
C) it depends on the currency being purchased.
D) it depends on whether the customer account is Savings or Current.

5. What does the field SI Amount refer to while processing sweep-in transactions?
(Choose the best answer.)

A) amount to be swept i n
B) balance in the debit account that should trigger the sweep
C) balance in the credit account that should trigger the sweep
D) minimum sweep amount

Solutions: