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

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

2. The system supports Multi Credit Transfer by using the funds transfer module. Which three statements are true about Multi Credit Transfer? (Choose three.)

A) The Multi Credit Transfer field should be enabled at the Product and Branch levels.
B) A maximum of 10 contracts can be consolidated under a Multi Credit Reference number.
C) A message is sent as MT102 and MT 203.
D) A consolidated accounting reference number must be entered by a user.

3. You can create the Reimbursement LC product type in Oracle FLEXCUBE. When will a bank create a contract under the product type Reimbursement? (Choose the best answer.)

A) when the bank acts as a reimbursing bank
B) when the bank acts as a claiming bank
C) when the bank acts as an advising bank
D) when the bank acts as an issuing bank

4. In trade finance, forfaiting involves the purchase of receivables from exporters. Which statement is true about forfaiting in the Bills module of Oracle FLEXCUBE? (Choose the best answer.)

A) The system will not allow forfaiting as an operation while creating a product Only a change of operation to forfaiting is allowed.
B) Forfaiting is allowed as a new operation at the Bill Contract level.
C) A new operation "forfaiting11 has been introduced at the product level
D) A separate menu operation for forfaiting is introduced that can be mapped to a bill product

5. Oracle FLEXCUBE offers inbuilt and automatic linkage between various modules. Identify the correct linkage that is applicable to the Fixed Asset (FA) module. (Choose the best answer)

A) Fixed Asset and Allocation
B) Fixed Asset and Expense Processing
C) Fixed Asset and Teller
D) Fixed Asset and Asset Management

Solutions: