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

1. 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) Letter of Credit
B) Deposits
C) Guarantee
D) Indemnity

2. Tenors can be maintained at the LC product level and defaulted at the contract level. Which tenor maintained on the Product Preference screen would default at the contract level'? (Choose the best answer.)

A) Minimum
B) Standard
C) Minimum, Maximum, and Standard
D) Maximum

3. Different events are triggered during the life cycle of an LC contract. Which event is triggered on issuance of an import LC t (Choose the best answer?)

A) BISS
B) REIN
C) BOOK
D) AVAL

4. There can be overage or shortage of cash while processing Retail Teller transactions. The bank can specify the General Ledger in which the overage or shortage should be booked. On which screen can the Overage or Shortage GL be maintained? (Choose the best answer.)

A) There is no Overage or Shortage GL maintenance in Oracle FLEXCUBE
B) Till and Vault maintenance screen in Branch Parameters
C) Retail Teller product screen
D) ARC maintenance screen

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

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

Solutions: