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

1. Identify two types of money market contracts where the maturity date is not input by a user. (Choose two.)

A) call
B) notice
C) fixed
D) floating

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

3. What happens if a contract is marked for auto liquidation and the liquidation day turns out to be a holiday? (Choose the best answer.)

A) The system liquidates based on the contract-level parameters.
B) The user liquidates the deal manually by invoking the payment screen.
C) The system liquidates based on the product-level parameters.
D) The liquidation does not take place.

4. A bank wants payment fate tracers to be generated automatically by the system. To which event should this tracer be attached and what is the name of this advice?

A) TPFT event and PAYMNTFATE_TRCR advice
B) TDIS event and PAYMNTFATE_TRCR advice
C) TDIS event and DISCAPPRVLJRCR advice
D) TPFT event and RESERVE_RELEASE advice

5. In Landing Module, what are Settlement Bridge General Ledgers used to handle? (Choose the best answer.)

A) multiple disbursement schedules
B) suspense entries
C) adjustment entries
D) multiple modes of settlement

Solutions: