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

1. In which three fields must data be identical for the system to pass consolidated accounting entries for Multi Credit Transfer? (Choose three.)

A) Rate as of Date
B) ordering i institution
C) receiver
D) Product Code

2. Select two true statements about Liquidation mode. (Choose two.)

A) Liquidation mode can be Auto or Manual. If the Liquidation mode is Auto, it is applicable for all components of a product and can not be changed at the Loan account level.
B) Liquidation mode can be Auto or Manual If Liquidation mode is Manual, it is applicable for all components of a product and cannot be changed at the Loan account level.
C) if Liquidation mode is other than Auto or Manual, it can be set at the component level and can be changed at the Loan account level.
D) Liquidation mode can be Auto or Manual. If Liquidation mode is Auto, it is applicable for all components of a product and can be changed at the Loan account level

3. In LC Product Maintenance, different product types can be maintained. Which product type should be used if the LC is not backed by documents? (Choose the best answer)

A) Export LC
B) Clean LC
C) Standby Guarantee
D) import LC

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

5. An exporter intends to bid for a software project in another country. What kind of facility should the exporter avail of a bank in order to participate in the bidding? (Choose the best answer.)

A) Guarantee
B) Letter of Credit
C) Deposits
D) Indemnity

Solutions: