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

1. 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 Asset Management
D) Fixed Asset and Teller

2. A usance import bill that is not under a Letter of Credit has been received for 510,000 USD. The drawer has not made a payment for the bill. The drawer has requested the collecting bank (importer's bank) to protest on the drawer's behalf. What event should be attached to support this function'? (Choose the best answer.)

A) CLOS
B) AMND
C) REFP
D) PRNP

3. Which two statements are true about a Reconciliation Class? (Choose two.)

A) a Reconciliation Class type is both Mirror and Replication.
B) a rule sequence number is entered manually for the rules that are attached to a Reconciliation Class.
C) a Reconciliation Class type can be Mirror or Replication.
D) Several rules constitute a Reconciliation Class.

4. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) it depends on whether the customer account is Savings or Current.
B) it depends on the currency being purchased.
C) The account is credited.
D) The account is debited.

5. In case an auto authorization limit is not specified in PC Source Parameter Maintenance, what would happen to transactions that belong to the customer, source, and product category combination'? (Choose the best answer.)

A) The transactions are automatically authorized on upload.
B) The transactions are automatically directed to a referral queue
C) The transactions are rejected
D) The transactions must be manually authorized.

Solutions: