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

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

2. Where should you configure Spot Days for deals? (Choose the best answer.)

A) in the Branch Level parameter
B) in the foreign exchange Products Level parameter
C) in the Bank Level parameter
D) in the Currency Level parameter

3. A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

A) MT752
B) MT742
C) MT747
D) MT740

4. Which two statements are true in defining a Reconciliation Class? (Choose two.)

A) indicate whether the matching type is Mirroring or Replication.
B) Incorporate many rules into a class.
C) Match rule sequence is insignificant
D) Define the external account.

5. 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) Clean LC
B) Export LC
C) Standby Guarantee
D) import LC

Solutions: