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

1. What does the product type "b" on the Lc product Definition screen stand for? (Choose the best answer.)

A) Reimbursement type LC
B) Standby LC
C) Secured LC
D) Usance payment LC
E) Shipping Guarantee

2. For a revolving-in-time LC that was issued on January 1,2014 with a reinstatement frequency of 60 days, what would be the next reinstatement date? (Choose the best answer.)

A) February 28, 2014
B) March 2. 2014
C) None. LCs cannot revolve in time.
D) March 1.2014

3. The system allows the Match Status to be Open, Suggested, or Closed. Which two statements are true about Match Status of Suggested? (Choose two.)

A) The suggested entries can be rejected.
B) The suggested entries cannot be rejected.
C) The suggested entires can be modified.
D) The suggested entries can be confirmed.

4. 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) AMND
B) REFP
C) CLOS
D) PRNP

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

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

Solutions: