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

1. A bank wants payment fate tracers to be generated automatically by the system. To which event should this tracer be attached and what is the name of this advice?

A) TPFT event and PAYMNTFATE_TRCR advice
B) TDIS event and PAYMNTFATE_TRCR advice
C) TDIS event and DISCAPPRVLJRCR advice
D) TPFT event and RESERVE_RELEASE advice

2. Which liability is reduced in the system on booking a bill under a Letter of Credit opened by a customer? (Choose the best answer.)

A) LC liability
B) Collection liability
C) Acceptance liability
D) Bill liability

3. In which depreciation method does the amount of depreciation provided by a bank on a fixed asset not remain constant throughout the useful life of the asset? (Choose the best answer.)

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

4. A bank uses the tracer function in the Bills module to send automatic swift tracer messages that seek acceptance of usance bills. The bank's requirement is that the sending of tracers should be stopped after receiving an acceptance message.
How should you handle this? (Choose the best answer.)

A) Upload the incoming Acceptance message" into the bill contract by using the straight through processing option.
B) Unlock the bill contract and input the "acceptance message date," which will stop additional tracers.
C) Unlock the bill contract and select the "stop tracer option.
D) Select the "auto tracer stop' option at the Bill product level.

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

Solutions: