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

1. Which two statements are true in defining a Reconciliation Class? (Choose two.)

A) indicate whether the matching type is Mirroring or Replication.
B) Match rule sequence is insignificant
C) Incorporate many rules into a class.
D) Define the external account.

2. Events and accounting entries are define in the product definition, i ne accounting entries in events are not mandatory tor a configured bi Product. A business user updates the Contract status manually to amend the payment status for the contracts under this SI Product.
Which SI Product is used to book a Contract to track only the payment status? (Choose the best answer.)

A) Collection
B) Variable Payment
C) Sweep (in and out)
D) Payment

3. A bank wants to charge depreciation tor an asset at the rate ot 20%, 30%, 25%, b%, and 20% tor the tirst year, second year, and so on till the last year How should you indicate this on the Depreciation Rule Mapping screen? (Choose the best answer.)

A) combination of rule-based and ad hoc
B) rule-based
C) ad hoc
D) activity depreciation

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

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

5. 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) Bill liability
B) Acceptance liability
C) Collection liability
D) LC liability

Solutions: