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

1. A Letter or Credit issue can be confirmed by a bank. Which bank confirms a Letter or Credit (Choose the best answer?)

A) the confirming bank
B) the collecting bank
C) the paying bank
D) the advising bank

2. Which maintenance can a teller use to make the exchange rate picked by a system in a transaction non-amendable? (Choose the best answer.)

A) ARC maintenance
B) Function Workflow definition detail
C) Transaction Code maintenance
D) Function Group detail

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) activity depreciation
C) ad hoc
D) rule-based

4. Which three are methods of revaluation used in a foreign exchange product? (Choose three.)

A) rebate
B) Net Present Value
C) straight line
D) redonimation

5. 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 an issuing bank
C) when the bank acts as an advising bank
D) when the bank acts as a claiming bank

Solutions: