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

1. Different parties are involved when an import LC is issued. Which group of parties are involved while booking an import LC transaction? (Choose the best answer)

A) the applicant, the beneficiary, and the issuing bank
B) the applicant, the beneficiary, and the advising bank
C) the applicant and the advising bank
D) the applicant and the issuing bank

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

3. Different events are triggered during the life cycle of an LC contract. Which event is triggered on issuance of an import LC t (Choose the best answer?)

A) REIN
B) AVAL
C) BISS
D) BOOK

4. Which three operations are not allowed for a product with the Discounted Straight Line method of revaluation? (Choose three.)

A) limits tracking
B) rollover
C) cancellation
D) partial payment

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

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

Solutions: